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BHAG UPDATE - FEB '15

1/3/2015

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February was pretty good even though I wasn't able to make my goal of saving 70% after tax income.  I did manage to save over 64% though and my expenses were about $200 lower than normal.  It was a short month though, so I'm sure that helped.  

Income
Real Estate: 38.64%
Salary: 61.36%

Expenses
Entertainment: 0.33%
Transportation: 2.22%
Charity: 3.46%
Education: 1.04%
Insurance: 4.68%
Home: 15.55%
Mortgage: 24.7%
Gas: 4.29%
Gift: 2.27%
Personal: 0.97%
Eating out: 3.29%
Medical: 23.09%
TV\Internet: 3.59%
Food: 7.61%
Dog: 0.65%
Phone: 2.23%

Medical expenses actually outpaced my mortgage this month and I think that will happen again for March.  Over the next 4 months I'm going on a cost cutting effort to reduce medical expenses, entertainment, gas, and food.  In total this should save me about 5% which would bring me right back up to 70%.  I'm also looking to increase my income by a few hundred a month.  
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    This website was created due to the atrociously misguided financial advice that I've heard over the decades.  Financial freedom is not intellectually strenuous, but it takes discipline. 

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