My Total Savings So Far

The beginning of the year is the hardest to save for but I was fortunate to have worked a fair amount of overtime. Some expenses that pop-up are property tax, house insurance, utility tax and lurking bills from Christmas.

This year will be the first time I am prepaying my property tax by monthly payments so I don’t have to save an extra $3000 next June.

 

2016 savings
Date Amount Saved Net Pay %
1/1/2016 $2,000.00 $3,150.00 63.49%
1/15/2016 $2,000.00 $2,960.00 67.57%
1/29/2016 $2,200.00 $3,480.00 63.22%
2/12/2016 $2,100.00 $2,700.00 77.78%
2/26/2016 $2,000.00 $3,700.00 54.05%
3/11/2016 $3,000.00 $4,120.00 72.82%
3/25/2016 $3,000.00 $4,400.00 68.18%
4/8/2016 $3,000.00 $4,300.00 69.77%
4/22/2016 $2,000.00 $3,290.00 60.79%
5/6/2016 $2,000.00 $2,800.00 71.43%
5/20/2016 $3,500.00 $4,600.00 76.09%
6/3/2016 $2,000.00 $2,600.00 76.92%
6/17/2016 $2,000.00 $3,050.00 65.57%
7/1/2016 $2,000.00 $2,840.00 70.42%
7/15/2016 $0.00 $950.00 0.00%
7/29/2016 $1000  $2100.00 47.62%
8/12/2016 #DIV/0!
8/26/2016 #DIV/0!
9/9/2016 #DIV/0!
9/23/2016 #DIV/0!
10/7/2016 #DIV/0!
10/21/2016 #DIV/0!
11/4/2016 #DIV/0!
11/18/2016 #DIV/0!
12/2/2016 #DIV/0!
12/16/2016 #DIV/0!
12/30/2016 #DIV/0!
#DIV/0!
EXTRA TAX RETURN $3,000.00 #DIV/0!
Year Total Year Total Pay Saved %
$38,100.00 $51,040.00 74.65%

On Track

I’m on track to pass my last year total of $46,180. Summer is usually pretty slow and I don’t expect to start saving too much until Sept.

My hard capped bills are $650 bi-weekly. Not much room to wiggle this down anymore.

I brought my bills down this year by getting rid of my cell phone. This saves me around $800 per the year. My wife insists that we keep are land line telephone so I decided to see how cheap I could get it. I argued with my provider for about 10 mins and got it knocked down from $30 a month to $9. This will save me $252 per year as well.

I’m currently saving 74.65% of my after tax income. I aim for 50% or greater but most people suggest a minimum of 20%

I’m always looking for ways to spend less and save more so feel free to give me any helpful tips.

 

 

8 thoughts on “My Total Savings So Far”

    1. Thanks Passive Income Dude.

      I have to give credit where it’s due and that’s my wife! The greatest help on this journey is having a like minded partner. I hope to keep up this rate, summer is always difficult though.

      Steve

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