Yesterday evening I worked out the numbers for September and this is our situation as per the first of October.
Mortgage: 30.72% (I hate the fact that we can’t make extra mortgage payments anymore…)
Emergency fund: 107% (4% increase! We’re looking at increasing our monthly investments because emergency fund stash only fetches 1.85% interest at the moment.)
Stash: 3.98% (I’ve decided to set ourselves a goal here: 5% by the first of January 2014)
Income to spending ratio this month: 57% (NO WAY!!! We bought a second-hand nursery, went out for dinner a couple of times, had a birthday party and the husband bought a new shaving device because the old one broke. I didn’t expect this!!!)
Income to spending ratio this year: 64% (It dropped by 1%, yay! Maybe we should challenge ourselves and go for 60% this year?)
You can find these numbers under the special MORTGAGE, SAVINGS, INVESTMENTS AND YEARLY SURPLUS tab I have created.
Our original goal was to not spend 25% of our income this year and 30% next year. Ehm…we’ve managed to not spend 36% up till now. So, maybe we should be a bit more ambitious and go for spending only 60% this year and thus saving 40%? Well, at least we’ll nail that 65% over 35% number this year already.
How did you do in September?