So, 2012 was an expensive year for us. We made some big purchases in January for our house. And we went on holiday to India, skiing in Austria and chilling in Germany. We only got back into our old frugal mode from a couple of years ago around mid-2012. Now that I have last year’s numbers I can see that we still managed to save/not spend a whopping 20% of our income that year!
Mr. Money Mustache thinks one should save 50%-75% of one’s income in order to retire really early. That triggered me into calculating whether we would be able to do such a thing. When I extract the outrageously expensive holidays and the one time purchases for our home we could be saving about 33% of our income. Wow, that sounds like fun and not too bad! Of course, our winter sport last week doesn’t help for this year’s total…
As a result I have put a new goal for 2013 on my list. Saving/not spending at least 30% of our income, which we’ll put into our mortgage.
I just keep on calculating percentages and I think it’s a lot of fun. I didn’t know we were doing so well, yay! Early retirement, here we come!