Income/Expenses – October 2014

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

Expenses were very low to begin with.  Some 50% of our spending was just the base housing expenses; another 5% went towards the bills.  22% went towards food, with our lowest food spending for quite a while.  Various spending on general shopping, etc accounted for the rest.  A decent month on transportation costs, largely thanks to a good month on the bike, only 9% of our total expenses went to transportation; I put gas in my SUV for the first time in four months.

With the Ms spending most of the last month traveling for work again it was a bit easier on the spending, but thankfully that seems to be coming to an end.  Between a decent amount OT for both of us and our better spending we managed to save 80% of our income this month.  that puts us at 72% on the year so far.  We have an expensive trip coming up though, so my projection has that annual savings rate dipping to about 67% come year end.

I’ll set a goal for November of 75%.  We’ll only squeeze in two paychecks each and probably little to no OT, though expenses shouldn’t be too high either.

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