From my recurring income series; Our net savings / spending numbers for May 2015:
Another very average spending month. Our home – mostly mortgage interest, property tax, and insurance – accounted for 37% of our spending (I don’t count my principle payment into spending). Food followed at 25% of our spending, which really got hammered as we paid for a couple expensive meals. Then general shopping was at 12% followed by entertainment (pre-paid football tickets) at 10%. Bills accounted for 7% of the spending, and lastly Health & Fitness, Auto & Transport, and Gifts & Donations with a couple percentage each.
We saw a small bonus and some rent in May, which we won’t see in June. Income will therefore go down and spending is likely to be higher due to a cross country wedding trip (although we did use free card bonus airline miles to purchase the tickets). This month we hit a savings rate of 76%!. I’ll set the saving goal at 66% for June.