September was a deceiving month, one that I guess is me deceiving myself into believing, I saved more than I did.
Let me explain: this month I spent $1658.59, for an incredible 74.49% savings rate… yet my net worth only went up $704.09. For reference, the month before my net worth jumped over $13,000!
So what happened? I went on vacation and I spent roughly $3000. Why is it not factored into my monthly savings rate? Because I tally vacation spending into my year-end figures, not month-to-month. Reason being is that vacation expenses might create some outliers and inconsistent month-to-month data for the purpose of analysis.
More on the vacation on a future post (it was British Columbia, which was beautiful, by the way…)
Clothing ($13.99) – I bought a tie on Amazon so I could qualify for free shipping. Cheap, or efficient?
Dating ($10.23) – On vacation together for the first two weeks, but we did go to Starbucks together when we came back.
Education ($59.83) – I started taking French classes again, fully paid for by my employer. Textbooks, however, are only covered at 50%.
Entertainment ($43.92) – Dinner and a movie with a friend. Specifically: Japanese food, popcorn, soda, and a ticket for the movie “Searching” (which was really good, by the way).
Fitness ($37.11) – Don’t ask how often I went, because it’s embarassing.
Food ($243.43) – There is a huge Costco trip in here. When I got back, my fridge was empty, so that also didn’t help.
Gas ($39.05) – Just slightly more than half a tank of gas.
Grooming ($24.00) – Downtown haircut.
Medical ($13.98) – One massage covered at 90% through workplace benefits.
Networking ($2.09) – Met someone for coffee to network and learn from them.
Phone ($0.00) – WOO! No cell phone bill until December thanks to account credits!
Supplies ($26.59) – Misc household supplies, including a fancy presentation remote to help with my side hustle.
Transit/Tolls ($30.00) – Cycle, cycle, cycle – uh oh, lots of rain one week.
Investment Income (+$303.87)
Inclusive of savings accounts, realized gains and dividend income, I netted $303.87 passively, which brings my total for the year to $2,319.50. Not a bad month at all.
Net Worth Update (+$704.09)
A small gain, after huge returns in August, my stocks retreated roughly $2000. Not to mention, I did spend $3000 on vacation.
My net worth increased to $188,191.43.
Other Financial Updates