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BHAG UPDATE - JAN '15

1/2/2015

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Things are getting better, but I'm not still hitting my targets of at least 70% of saving my after tax income.  For the month of January I only saved 62.2% of my after tax income.  Having all of my places finally rented out has helped, but I still need to find more areas to cut.  Here's the breakdown for last month...

Income
Salary: 61.03%
Real Estate: 38.43%
Investments: 0.54%

Expenses
Entertainment: 0.31
Transportation: 1.92
Charity: 2.66
Dog: 1.15
Education: 1.13
Insurance: 6.26
Home: 6.26
Clothes: 3.09
Mortgage: 23.43
Gas: 3.44
Personal: 2.27
Eating out: 10.28
Medical: 27.64
TV/Internet: 2.93
Food: 3.48
Phone: 2.12
Travel: 1.63

Wow this is pretty shocking!  My medical related expenses are actually higher than my fucking mortgage!  A big reason for this is the ortho and that should stop in about another 4 months.  I was also shocked to see how much I spent on eating out.  I don't do it a whole lot, so one expensive meal can really throw it out of proportion.  Regardless that needs to be toned back.  

Since I spend so little these numbers can be very erratic month to month. When the mortgage gets paid off it will happen even more so.  As a result they're good for noticing certain outliers, but my not be very good indicator as to whether I'm actually spending too much or not.  

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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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