Tuesday, March 1, 2016

Freedom Check - February 2016

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 - February 2016


Income = 100%

Less:
Accommodation: 16%
Food: 13%
Transportation: 3%
Household: 5%
Entertainment: 0%
Cell Phone: 1%
Travel: 20%
Income Tax: 0%
Personal: 1%
Shopping: 4%
Family: 3%
Others: 4%

Contribution to Freedom Fund = 32%


Average Savings Rate (2016) = 32%


Value of freedom: 21 months


Commentary: 

February's expenses spiked due to travel plans but total income hit a new peak. Made adjustments to the formula for 'Months of Freedom' to account for a higher monthly expense (which will now be more realistic as a married couple). As such, there is no significant change in my freedom bucket but the number of months that we can live without income is reduced to 21 months.

On a personal note, I have been busy with work and I'm currently training for my first triathlon. 


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4 comments:

  1. I've never done a triathlon before. Started training for a marathon, was running 10+ miles consistently and had signed up for Philly when we found out we were expecting our first child... due a few weeks before the marathon. I noped right out of there since the sleep loss alone would have crushed any hopes!

    It's still on my "list" but even though I love running (it's like yoga for me) 5k's are a better fit for me from a time perspective.

    And as to your freedom fund, you should have a good idea now on how much your expenses should cost going forward. Just try to keep them in check!

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    1. You should...attempt the marathon again. Well for me, I'm not really a runner but I've started to get the hang of doing 5ks every other day. These days I no longer pay to use a gym because most of the workout that I do is often free.

      On the freedom fund, yeah it's going good now and this month we're all set to hit that elusive 50%.

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  2. The trend is positive! That is good!

    Good luck with the triathlon!

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    1. It is positive...although you'd notice that there were bumps here and there since I started 2 years ago.

      And thanks for the well wishes!

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