Friday, January 1, 2016

Freedom Check - December 2015 + Trendline


At the end/beginning of every month, I will update the status of my freedom fund as a way to stay accountable to you and myself. Assuming everything else remains constant, the freedom fund is based on the number of months that I am able to sustain myself without income.

Freedom Check - December 2015


Income = 100%

Less:
Family = 4.4%
Personal = 0%
Rental = 16.3%
Food = 16.1%
Transport = 2.3%
Cell = 0.9%
Household = 1.5% 
Travel = 1.9%
Misc. = 11.6%
Shopping = 9.3%

Contribution to Freedom Fund = 35.6%


Average Savings Rate (2015) = 25.8%






Value of freedom: 26.4 months


Commentary: It's the end of the year. Again. Financially, nothing impressive in 2015 but as long as the freedom bucket is making its way upwards...there's little to complain about.

Looking back, a few events made it impossible for us to hit the 50% savings rate that I set out to achieve. Somewhere in March to May, I took a hit in income as I took a short break from the rat cage to reevaluate my directions. Getting hitched in June also lent a blow to our expenses.

Well, I'm still not giving up on that 50% savings rate. 

Today's a new year. 



Trendline for 2015







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1 comment:

  1. I agree with you that as long as the income and savings is on the upward trend and the expenses is on the downward trend, that's all that matters.

    I took a double hit this year by switching career paths entirely, thus resulting in a big pay cut, plus my wedding. I knew I should have eloped in Greece. lol.

    Although I won't be able to save as much for the time being, I'm looking into purchasing more ETFs with my payout I received in my last job which had to be deposited into a RRSP (registered retirement savings plan).

    Happy New Year and all the best for 2016!

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