No Big Expenses
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.
I think is what a regular month looks like right now.
I did not have any big expenses this month so it looks like a regular average month with my current lifestyle.
I want to do better. And I know I easily can. I have built up a lot of smaller expenses and the last few months I have slacked a lot with my finances. Moving has cost a lot more than I expected – most of it my own fault.1 But that is out of the way now and so I’d rather focus on the smaller lifestyle creep I’ve seen.
I’m writing this in November of 2023 and I know I have already cut down a lot of it. I feel good about that. But I can also see how easily these expenses accumulated over a period where I did not focus on my finances but instead had a lot of other things going in.
Results
Savings rate: 48%.
| Category | Percentage of expenses |
|---|---|
| Home | 44.67% |
| Food | 21.14% |
| Other | 15.63% |
| Personal | 11.56% |
| Transportation | 2.96% |
| Union | 2.96% |
| Utilities | 1.08% |
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As in I bought new stuff instead of used. I bought with delivery to make things easier. Etc. ↩