Expenses · Finance

November 2015 Financials

Financial independence is really important to me and it’s my main financial goal.  Part of that includes tracking my expenses and investments to make sure I’m on track in meeting that goal. For the option to retire by the time I’m 50 (11 years from now), I’m aiming to save 70-75% of my take home pay to ensure a large enough cushion to live comfortably in retirement.  To maintain some privacy, I’m going to list these in percentages, rather than dollar amounts.

Fixed Expenses: These costs include my association fees, phone, internet, gas, electricity, water, etc. For November, fixed expenses equated to 11% of my take home pay. Slightly higher, since I had to pay for broadband internet, as well as a new line install.

Variable Expenses:  Somewhat easier to control month to month, this includes gasoline, groceries, home supplies, clothing, restaurants, entertainment, etc.  For November, these made up 16% of my take home pay.

Investments: This includes any money transferred to savings accounts, Roth IRA, brokerage accounts, and my 401k.  This makes up the remaining 73% of my take home pay. My employer has a 401k match, which I’ve excluded from this percentage.

How was your November?  Any challenges?