I’ve been tracking my income and expenses for a couple of years now and you guys have been able to follow along since I initiated this blog last year. December marks the final month of the first full year I’ve published my savings rate online. To top my already awesome year off, this month’s savings rate was through the roof again!
It’s my favourite time of the month again! Nothing gets my little financial independence heart beating more than tallying up my income and expenses at the end of the month. That’s because the difference between those two numbers remains the best indicator of how long it will take me to achieve financial freedom. Was I able to improve my savings rate? Let’s find out.
Are you ready to discover how much I managed to save in July and compare your results to mine? I sure am! The past few months have been quite interesting in that my overall savings rate droped significantly, so let’s see if I managed to climb back up to previous savings levels.
The name of the game still is financial independence, so let’s see how I’m doing at one of its most important aspects: building and maintaining a gap between my income and expenses. Swiss Mustachian Post noticed I dropped off the 70% platinum podium place in his Blogger Savings Rate Index last month, but that doesn’t mean I’m not determined to climb back up.
We’re already a full week into June and I haven’t posted my income and expenses from May yet. Would something be the matter? Well yes, May’s savings aren’t what we’re used to! However, and as you all know, I openly share my savings rate, even when things aren’t as rosy. So let’s jump right into the cold hard numbers.