by Michael
As usual, it is time for another expense report. This time for November 2023.
Expenses
| Housing | 1352 |
| Utilities | 131 |
| Groceries | 317 |
| Discretionary | 20 |
| Other | 0 |
| Total | 1,820 |
Housing
Housing was $1,352. Not much to say here.
Utilities
My utilities for the month were $131. This will probably be the lowest this value will be for a month. Heat goes on starting with the bill I pay in November.
Groceries
My groceries were $317. Fairly close to where I want them to be. $325 may be a more realistic goal than $300. I’ll blame it all on Halloween candy.
We’ll see how it trends over the next few months. I plan to be eating warmer meals for dinner, such as my ever present bean dishes. These warmer meals tend to be a little cheaper. But I also saw pomelos at the grocery store last time I went, as they’re a seasonal fruit. I try to get them as much as possible, even if they are a little more expensive than my usual apples.
Discretionary
My discretionary expenses were $20. Mostly just coffee at my local haunt. I will need new headphones in the coming months, but that might be able to wait until spring.
My goal fund currently has $225. We’ll see if that reaches my goal by December.
Other
My other expenses were $0. Just where I want this category to be.
Total
In total I spent $1,820. I think this is pretty good. Especially in light of the higher bills I expect over the winter.
Income
My income for the month was $6,600. The table below shows the sources of that income. Currently, I do not include investment income in that total. Just chugging along where it was before. Nothing new going on here.
| Source | Amount ($) |
| Take-home | 4,240 |
| Retirement | 2,360 |
| Total | 6,600 |
Account balances
The table below gives my net worth broken down by category I track.
| Account Type | Amount |
| Cash | 16,000 |
| Taxable | 75,000 |
| Retirement | 59,000 |
| Total | 150,000 |
The graph below tracks my change in net worth since I started tracking it in January 2023.
Up and to the right, like what I was aiming for. Over the long term it keeps trending in the same direction I want it to go.
Savings Rate
This month, my savings rate was: 72.4%. Well above my goal of 66%. I did a good job this month.
My average savings rate Year to Date is: 63%.
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.
The average is getting closer to the direction I want it to go of 66%. Although I would like for my savings rate to stabilize some month to month and to achieve a less volatile graph relative to the average.
Goals
The only goal that I want to talk about this month is hitting my net worth goal of $150,000. We’ll see if I’m able to maintain at or above this value until the end of the year. We’ll see if the market cooperates. This also puts me at roughly 10% of the way to FI, so I’m well on my way.
I’m planning to expand on the rest of my goals in a longer post in the near future.
That’s it for this month. Going to be a bit longer of a roundup next month.
