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
Nine months down, three to go - I'm hitting the home stretch! Well, March is just a sea of red when I look at the variance sheet in my spreadsheet. Every expenditure category is over budget (although, to be fair, there are some line items that have no specified budgeted figure because they're so ad … Continue reading Savings rate challenge results – March 2020
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
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
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
