Hello, 2021! After freeloading for almost six months, I finally moved and got a place with a friend. Let’s see how I did in the first month of the new year.
|Full-Time & Side Jobs||$7,061|
|401K / HSA Contributions||$4,307|
I have a couple of new expenses starting this month. Mainly apartment rent and utilities. Other than that rest should be as usual with few unexpected expenses like dentist visits and car insurance.
|Personal Care / Clothing||$0|
My goal is a savings rate of 70 % every month, which is usually hard to hit. I don’t factor into all income taxes, which makes this saving rate somewhat less meaningful. Anyway, it feels nice to have a specific target number.
To calculate the savings rate, I take all my expenses to divide that by take-home income + 401k & HSA Investment.
Happy budgeting and keep track of every dollar!