Savings Rate

Savings rate

The savings rate, because the journey to financial independance really starts with controlling your expenses. It’s a key principle in order to set you up for financial growth.

There’s many excellent quotes on the topic of saving, this one stuck with me:

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” —James W. Frick

In this section I will present my monthly income and expenses. The income figure presents just my income from salary.

My goal for 2019 is to achieve a savings rate of 75%. It’ll be hard reaching this goal, but no point in setting a target which is meaningless, right?

All of these savings will be invested and flow into my portfolio.

Savings Rate 2019 64%

January was a tough start of the year as I incurred some unforeseen expenses. Thankfully February and March were much better and it appeared I was back on track.

Then April hit and I’m in pretty bad shape for the year, hopefully I can recover over the next few months. 

Let’s try and keep it up!

MonthIncomeExpenseSaved AmountSavings Rate
January2,7151,2331,48254.60%
February3,4503623,08889.49%
March2,8926442,24777.72%
April3,0192,10291730.37%
May
June
July
August
September
October
November
December
Total12,0764,3427,73464.05%
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