Decent Month
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.
Decent month. More expenses that I would have liked but overall good.
Results
Savings rate: 59%.
A good savings rate for this month. But part of it is due to a higher-than-normal pay. I don’t recall why but my income was slightly higher than usual this month. 1
I had a lot of smaller payments, especially in the Personal category. Some were fine, like a new pair of runnings shoes. But others I’m not so sure about – one big personal expense was a pretty expensive yearly subscription to an online newsletter. Not sure I need that.
| Category | Percentage of expenses |
|---|---|
| Home | 45.26% |
| Personal | 20.24% |
| Food | 15.24% |
| Other | 8.04% |
| Transportation | 7.85% |
| Union | 3.00% |
| Utilities | 0.36% |