The last month of summer came and went, and with it went $2046.37 in expenses, inclusive of higher entertainment, dating, and food costs. With fall approaching, sometimes you just have to cram in missed opportunities, right?
My savings rate of my take home pay for this particular month was 56.9%. Not quite as good as August last year, but a number I’m still quite happy with.
How I completed a 20-month MBA without a significant change in my net worth.
Back in 2012, I made a decision that accelerated my career and income potential. I did an MBA. Three letters that mean: smart, employable, qualified.
The source of this big leap back into academia originated during my job as a project coordinator. I would sit in meetings with project managers and it was very obvious that they all made way more than me. After some LinkedIn stalking, I found that they all had business degrees.
For the second year in a row, July comes in at my worst performing month spending-wise. The birthday celebrations and weddings always seem to hit this month hard, not to add the very sad passing of my girlfriend’s father.
My savings rate, excluding investment income, for July was 41.9% 47.8%. This number has been revised to be inclusive of my pension deductions, based on reader feedback.
For the month, I spent $2459.87, which is quite high by my standards. Ouch! Granted, if I excluded the outlier items such as gifts and charitable contributions, I’d be in the typical range of my spending of below $2000.
Last month, my company had a staff event: dinner followed by a Jays game – all expenses on the attendee of course, since we’re in the public sector.
As the ambitious worker bee who understands the value of networking (it’s how I’ve literally gotten every job I’ve worked), I woefully signed up. By the end of the night, I had spent close to $60 combined on the ticket, one concession item, and dinner and a drink at the fancy Rec Room. $60! My girlfriend then reminded me that really isn’t that much relative to other people.
Summer is officially here and June means it’s a three pay check month – not that I’m spending any more than I need to.
In fact, even though in a three pay check month I technically saved over 66% 69.55% of my income (this number has been revised to include pension deductions at reader advice), I’m still not doing as well as I’d hoped, overspending to $2,135.41 for the month. What did that look like?