thejourneyof me

Living Expenses

February 2022 | 54% |

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.

The main expense this month was insurance. An expense I do not want to get rid of.


I saved 54% of my income in February. Above my goal of 50% so that is good.

I have one or two small expenses that I could improve on. But a bigger picture is starting to form. After 4 months of tracking my expenses I am starting to see where the money goes. I don’t have a full picture yet. But for now my living situation is clearly the number one culprit.

The Home category has consistently been responsible for more than 50% of my expenses since the start of this journey. I would like to do something about this and I am working on a plan. It will take some time but at least I’m now more aware of this. Which is why I started tracking my expenses in the first place. So far it seems to work.

Category Percentage of expenses
Home 54.40%
Utilities 16.35%
Food 10.67%
Transportation 6.13%
Health 4.97%
Union 3.70%
Personal 1.87%
Gifts 1.13%
Other 0.79%