Another quarter has passed... and yet I reached my highest saving rate ever over a three month period; here is how I did it: I made some money working every day and since I was quite busy doing other stuff than spending it I saved it :)Now the risk is that I want to make it … Continue reading Q1 2018
Quarter-to-Date (QTD) Instead of waiting Quarter-end or Month-end period to publish a little something about how I did and if my spending is in line I have amended the model and build a Quarter-to-Date view, which allows me to aggregate backward the last quarter of data starting now. By doing so I am no longer tied … Continue reading Quarter-to-Date – beg. of Feb 2018
I finally found some time to put together my mini reports about my personal spending for the past year of saving challenge. #BSRI update I am below spending budget (Woo Hoo!), I planned for around 20% savings, finally achieving right above 30%, my highest saving rate ever. However, despite more frugal than usual lifestyle, I … Continue reading 2017 wrap – up
November nearly over, I am starting reflecting on the past year and the things I've learned from the saving challenge. So far no regrets embarking on the #BSRI ship for a year, it has not been a comfortable and smooth ride but I certainly made some progress in the way I buy things. I've spent quite … Continue reading Year-end approaching
Something strange happens when I start considering investing, I start to fear loosing my assets, loosing my hard earned money but when I go shopping the contentment is here and now, I buy stuff, it makes me happy, it feels real and I don't feel ripped off at all. In fact the more I think … Continue reading Consumption vs Investment
10 months since I have taken the BSRI challenge, so where do I stand ? I have done OK I guess...
Here is a short summary of my saving rates over the course of the past 5 years; (I still have to work on the earlier years). Variations depending on real life events such as moving jobs... A saving rate above 100% means I sometimes get a deposit back or some taxes back which in some … Continue reading A history of saving
how come some of the personal finance bloggers achieve 40 or 50% savings when most of us struggle to save 10% ? I barely hope for 30% myself this year and I feel committed to this. To go beyond that first 10% saving level you can start buying more clever, wait for promotions, buy in … Continue reading The ratchet effect
6 months since I have taken the BSRI challenge, so where do I stand ?
How long before retiring, how much to save ? Two crucial questions that a bit of spreadsheet magic can help answering... Let say you start work at 25, with 35KE p/a, free of debt, and ten year later you manage to get paid 45KE p/a Your budget on average might look like this: Then we … Continue reading A few calculations