Tuesday, August 16, 2016

Freedom Check - July 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 - July 2016


Income = 100%

Less:
Accommodation: 16%
Food: 23%
Transportation: 3%
Household: 1%
Entertainment: 0%
Cell Phone: 2%
Travel: 1%
Income Tax: 0%
Personal: 0%
Shopping: 6%
Family: 3%
Others: 2%

Contribution to Freedom Fund = 43%


Average Savings Rate (2016) = 44%



Value of freedom: 29 months


Commentary: 

Work and family says - "Welcome to the grind!"




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