Expenses · Finance

February 2016 Expenses

Financial independence is really important to me and it’s currently my main financial goal. With that in mind, I aim to spend $1,500 or less each month so I’m able to invest the remainder. Here’s how my February turned out.

I spent $521 on fixed costs (e.g. association fee, utilities, insurance, etc.). This is a little higher than normal, since I had to pay for a technician to come out and fix my internet connection.

I spent $675 on variable costs (e.g. food, gas, house supplies, gifts/donations, etc.).  My largest expense for the month was, once again, costs related to my cats totaling $300. Now that my diabetic cat is stabilized, I expect this to go down by roughly half going forward.

Total spending for the month was $1,196. So far this year I’ve spent $2,989, with an average of $1,494, which is still (barely) within my goal of monthly spending of $1,500 or less.

With the rough start to the year, I haven’t seen much for gains in my investments. I’m still 37% of the way towards early retirement, despite continuing to add to my investments every other week. The upside is that I’ve been able to purchase those shares at a discount (given the market drops), which should pay off in the future.

How did your February go? Any challenges?

2 thoughts on “February 2016 Expenses

  1. You’re still spending less than your goal of $1,500 per month. That’s pretty awesome if you ask me. Don’t worry about investment gains right now. Since you’re investing for the long run, it’s better that you can purchase stocks at a discount. In accumulating phase, we should all be hoping for a market crash. 🙂
    Tawcan recently posted…Dividend Income – Feb 2016 UpdateMy Profile

    1. Ha! Very true. I keep reminding myself that the market declines are a good thing. The important thing is to meet my end goal within the next 10 years, so I’ve got to keep the savings rate as high as possible.

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