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?