Payday
This is a Financial Freedom Update post. Each month I report the status of my journey towards more financial freedom and reflect on my progress. To learn more about financial freedom please see my Think Week 2021 post where it all started.
Lots of income. Lots of expenses.
Results
Savings rate: 59%.
Good savings rate this month. But this is all thanks to me getting a good chunk of tax money back. I paid a bit too much tax over the last year and I get that back now. So my income is quite inflated this month.
A lot of Other expenses. But the category is mostly dominated by one big expense: insurance. Transportation was also costly this month but again it is me paying for something I used back in December: payment for a car I borrowed.
Finally, the Personal category is filled with small expenses. Looking back at this from November 2023 I can clearly see that I let a lot subscriptions and small expenses build up during this period. Mostly for things I did not really need.
| Category | Percentage of expenses |
|---|---|
| Home | 39.31% |
| Other | 15.22% |
| Transportation | 14.87% |
| Personal | 13.64% |
| Food | 10.53% |
| Health | 3.51% |
| Union | 2.60% |
| Utilities | 0.31% |