Savings rate challenge results – June 2020 and overall year

Well, this is it! My twelve months is up - achievement unlocked! This process I've followed of running a proper budget and tracking everything I spend has been a really interesting, if sometimes tedious, exercise. It's certainly brought sharply into focus those areas where I knew I was probably wasting quite a bit of money … Continue reading Savings rate challenge results – June 2020 and overall year

Savings rate challenge results – May 2020

Eleven months down, one to go! Finally, as mentioned in April's savings rate challenge post, I hit one of my financial goals in early May - I now have 6 months' full pay saved in my emergency fund! Boy, it's nice to hit this one. It's interesting how achieving a goal like this significantly reduces … Continue reading Savings rate challenge results – May 2020

Savings rate challenge results – October 2019

Four months down, eight to go. This month's savings rate was 37.81% from planned savings, plus 1.08% net cash flow, for a total of 38.89%. The categories where spending was over budget were Car, Personal, Pet and Discretionary. While I had budgeted for the car service that was due, it didn't take into account replacing … Continue reading Savings rate challenge results – October 2019

Savings rate challenge results – September 2019

Three months down, nine to go. Things worked out a bit closer to budget this month, with a little more income than expected thanks to a couple of weeks of higher duties and a small dividend payment, and expenses overall being a little lower than budget (only by a minimal amount, but hey, that's a … Continue reading Savings rate challenge results – September 2019

Savings rate challenge results – August 2019

Two months down, ten to go! As expected, with only two pay days in August the figures don't look quite as rosy as July's, but a chunky tax return thanks to the LMITO (Low and Middle Income Tax Offset) helped things along in the income department. The tax return was directed straight to my Mojo … Continue reading Savings rate challenge results – August 2019