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

BHAG UPDATE - MAY '15

1/6/2015

0 Comments

 
Picture
May was spectacularly bad as April was spectacularly good.  I managed to only save 54% of my after tax income.  The good news is that the orthodontist payments end next month, so from now on I should see a nice bump in my savings every month.  Here's how it all broke down...

Expenses
Food: 3.92%
Dog: 6.94%
Transportation: 3.79%
Phone: 1.72%
Education: 0.2%
Charity: 1.1%
Insurance: 3.16%
Clothes: 0.99%
Home: 13.41%
Mortgage: 18.98%
Gift: 1.3%
Gas: 3.05%
Personal:0.07%
Eating out: 4.39%
TV/Internet: 1.47%
Medical: 15.73%
Utilities: 4.08%
Entertainment: 2.26%
Travel: 13.43%

Income
Real Estate: 40.04%
Salary: 59.96%

So the big abnormality this month was the travel expense.  I went to Chicago for a long weekend and it's an expensive city.  I'll be going on another trip in the coming months so we'll see another splurge then.  Like I mentioned above though the big medical expense each month will be going away so hopefully I can get back to normal with my BHAG of saving 70% after taxes.  
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

    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.