December 2023 Expense Report

As usual, it is time for another expense report. This time for December 2023. As a heads up, this post will probably be longer than the rest.

Expenses

Housing1352
Utilities135
Groceries272
Discretionary106
Other704
Total2546

Housing

Housing was $1,300.

Utilities

My utilities for the month were $135. Now that it is colder, I’m expecting this to go up for the next few months. Although I did have to gas up my car this month.

Groceries

My groceries were $272. Probably because I was eating at my folks place for most of it.

Discretionary

My discretionary expenses were $106. As noted last month, I’m aiming to budget more towards $150.

My goal fund currently has $0. I cleaned it out for the other expense category

Other

My other expenses were $704. My estimate for the cost of the wedding was off by about $300. I was able to blunt some of this with the discretionary fund.

I expect this to be high again next month with the cost of the website coming due and some other projects I’ve been working on. But they’ll be big annual expenses that I only pay for once a year.

Total

In total I spent $2546. Overall, not that bad. It could have been way worse. I expect this to go down some going into next month.

Income

My income for the month was $6654. The table below shows the sources of that income. Currently, I do not include investment income in that total.

SourceAmount ($)
Take-home4294
Retirement2360
Total6654

Account balances

Account TypeAmount
Cash16000
Taxable87000
Retirement72000
Total175000

The graph below tracks my change in net worth since I started tracking it in January 2023.

It continues up and to the right this month, in keeping with the general trend that I’ve been going for every month.

Savings Rate

This month, my savings rate was: 61.7%. Despite going over my budgeted goal I’m still close to my goal of 66%.

My average savings rate Year to Date is: 63.7%. Not quite at my goal, but not a bad place all things considered.

Much like the net worth graph, the graph below tracks my savings rate month to month. This is to help me track long-term trends regarding my savings throughout the year.

Wrapping up

That’s it for this month. While a little more expensive than I would have liked, I’m still making good progress towards FIRE every month. A great way to end off 2023.

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