Monday, July 4, 2016

Freedom Check - June 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 - June 2016


Income = 100%

Less:
Accommodation: 15%
Food: 17%
Transportation: 2%
Household: 0%
Entertainment: 0%
Cell Phone: 2%
Travel: 7%
Income Tax: 0%
Personal: 0%
Shopping: 2%
Family: 3%
Others: 1%

Contribution to Freedom Fund = 51%


Average Savings Rate (2016) = 44%



Value of freedom: 27 months


Commentary: 

Our savings has been pretty solid since the start of this year. Strangely enough, we didn't feel as if we had to tighten our belts very much as we still spent on quality food and some 'material wants' from time to time.

The game plan moving forward would be to ramp up our investments and hit a yearly dividend of $2,400 as an initial target.

How's your journey?





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