Financial tip of the day.com - FREEDOM THROUGH FINANCE
Social Sites
  • Financial Tip Of The Day
  • Books
  • Websites
  • Contact Us
  • Disclosure

BHAG UPDATE!  MAY '14

2/6/2014

0 Comments

 
Picture
I only saved a disappointing 65% of my take home pay last month.  Boo!!!  I couldn't figure out why because it was one of my highest income months in a while.  After a few seconds though i found it the culprits.  Here's the data...

Expenses
Food: 16.65%
Transportation: 1.77%
Charity: 2.46%
Medical: 2.99%
Education: 0.69%
General Expense: 0.33%
Insurance: 8.02%
Home: 5.88%
Clothes: 0.31%
Dog: 0.98%
Personal: 3.85%
Mortgage: 21.66%
Gas: 4.8%
Eating out: 4.19%
TV/Internet: 2.69%
Phone: 2.58%
Utilities: 3.44%
Entertainment: 12.66%
Travel: 4.07%

Income
Real Estate: 35.94
Investments: 1.73%
Work: 62.34%

Income is pretty standard stuff.  The two items that should jump out at you are the Entertainment and Food categories that I went overboard on and I blew my budget.  I bought almost $300 worth of meat that I will probably be consuming for the next 6 months.  Hopefully this will help in coming months and bring down future expenses.  Also the Entertainment category was high because I bought my first TV in 9 years.  The cost is 1/10 of what it was back then, so I think I waited for a sufficient amount of time, but it was still expensive relative to my overall budget.  

For the love of God I love to have no mortgage!!   

If I keep slipping like this it could take me another year longer to retire.  I need to get things back on track, but it could prove to be even more difficult given the number of dates I've been going on.  Good restaurants are expensive! 
0 Comments



Leave a Reply.

    Author

    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. 

    RSS Feed

    Categories

    All
    BHAG UPDATE
    College Savings
    College Savings
    Credit
    Economics
    Estate Planning
    Estate Planning
    Financial Planning
    Financial Planning
    Insurance
    Investing
    INVESTMENT JOURNAL
    Mistakes
    Net Worth Update
    Retirement
    Tax
    Thrift

    Archives

    October 2017
    August 2017
    May 2017
    April 2017
    February 2017
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    January 2011

Powered by Create your own unique website with customizable templates.