Income/Expenses – September 2014

From my recurring income series, Our net savings/spending numbers for September 2014:

It was a pretty darn average month with a huge drop off from our extremely spendy August.  24% of our total spending was for travel and vacation related to our upcoming international trip.  Another 28% went towards the home and 20% towards food.  Various spending on bills, general shopping, etc accounted for the rest.  Another great month on transportation costs, largely thanks to a good month on the bike, only 5% of our total expenses went to transportation, and a good portion of that was upgrades to my bike reliability and safety.

With the Ms spending most of the last month traveling for work it was a bit easier on the spending, but certainly not the kind of work life balance we are looking for.  Between a decent amount OT for both of us and our better spending we managed to save 70% of our income this month.

I’ll set a goal for October of 70%.  With only a standard two paychecks we’ll still work some OT, but we’ll keep booking a lot of the travel for this winter.  As much as we’d also like to bring some of that food spending down, we’ll see…

Biking to Work – September 2014

trek12Today’s my last work day in September. I biked in 18 of the 20 days I worked, for a new PR of 90%!  Continuing beautiful weather in the NW has helped, although I did bike twice in the rain and get soaked.  Questioning whether that is worth it, probably not on the way to work at least because my shoes get drenched and it’s no good putting them back on.  I also spent about $80 on my bike this month, for a computer (mostly for training and my triathlon), a more powerful headlight, a couple spare tubes, and some tire liners which will hopefully do a better job stopping flats than those slime tubes.

For October I hope to average about 2 days a week, with the rain and the dark really taking a toll on the riding, but I’ll shoot to do better.  The dark isn’t as much of a problem as the rain, the rain and the dark together seem a bit too dangerous for my liking.

Income/Expenses – August 2014

From my recurring income series: Our net savings/spending numbers for August 2014:

Interesting month… we spent the most since we got married, thanks to finally purchasing two international airplane tickets and some other travel.  We visited the LA area; saw family and Disneyland.  Over half of our total spending was travel and vacation related.  Another 20% went towards the home and 11% towards food.  Still relatively good month on transportation costs, largely thanks to a good month on the bike.  Three paychecks this month for the Ms and a decent amount OT for both of us allowed us to save 55% of our income.

I’ll set a goal for August of 60%.  With only a standard two paychecks we’ll still work some OT, but we need to start booking a lot of the travel to go along with those tickets we bought.

As a side note I’m tempted to try to account for spending when events actually occur, even if we pay ahead of time.  Does that make sense?  Even though the money is actually getting spent now, from a month by month perspective it is really the activity itself which results in the spending.

Biking to Work – August 2014

trek12Today’s my last work day in August. I biked in 17 of the 20 days I worked, for a biking percentage of 85%!  Best month yet.  Absolutely beautiful weather in the NW has helped.  I was a bit disappointed because i seem to have punctured my slime tube to the point of no return, but it was only a tiny hole.  I’ll give it another check when I get some time.

In September I hope to average about 4 days a week, it will start getting too dark to bike home easily after late night sports; let’s say 75%.

Income/Expenses – July 2014

From my recurring income series: Our net savings/spending numbers for July 2014:

An especially good month – spending less than we have for a very long time.  Our savings rate was up at 88%, even higher than our annual bonus month back in February.  This was helped by my squeezing in three paychecks this month and the Ms working a decent amount of OT.  We also still have a roommate, whether that turns out to be a wise tradeoff between income and inconvenience will certainly be the subject of a future post.

Housing related expenses accounted for 39% of our spending and food accounted for 26%.  Bills and Taxes totaled to 19%, transportation accounted for 3% of spending, gifts and donations were 6%, miscellaneous gym and entertainment was the rest of it.

I’ll set a goal for July of 75% with the wife getting an extra paycheck and the working lots of OT, and I don’t expect much spending, again, although we are pretty close to finally buying those international airline tickets, and then possibly booking more travel stuff to go along with those.

And to note, all of that savings was invested, and despite a relatively flat market our net worth grew nicely :)

Biking to Work – July 2014

trek12Today’s the last day of July.  I biked in 14 of the 20 days I worked, for a biking percentage of 70%, not quite at my goal.  Getting home late from a trip and some rain got us seriously out of whack for a week, but I was able to get back on track :P

Doing some tri training has also got me biking a lot of miles out of my commute.

Goal for August: bike 15 of 19 days of work, or 79%.

Income/Expenses – June 2014

From my recurring income series: Our net savings numbers for June 2014:

A notably good month in June; spent less than we have for at least two years.  Our savings rate was up at 77%, which is about as high as it gets for us.

Housing related expenses accounted for 37% of our spending and food accounted for 29%.  Bills and Taxes were each 12%, transportation accounted for 5% of spending, which even that low is a bit deceiving because we filled with gas three time, but probably drove less than 500 miles total and now have two full tanks of gas.

I’ll set a goal for July of 80% again because we should get one extra pay check, the Ms is working lots of OT, and I don’t expect much spending, again, unless we finally buy those international airline tickets…

And to note, all of that savings and more was invested, and our net worth is growing nicely as you’d expect.  If we could keep our spending at this level we’re something like 1/3 of the way to financial independence :)