The amounts below are cash amounts and are net of taxes, insurance, 401k contributions, HSA, etc. In other words, the amounts are what get deposited and withdrawn from my accounts.
Day job (take home pay) --- $13692.23
Dividends/Interest --- $162.59
Total net income --- $13854.82
Expenses --- $7143 (Taken from Mint)
Savings $6711.82 --- Rate 48.44%
October was a challenging business month. The start was very slow, but eventually things picked up and it turned out to my best income month of the year. That was somewhat surprising considering all the national election buzz. My savings amount total was within in $1 of last month which is a strange coincidence. The net result is that my savings rate checked in again just below the 50% mark.
Even though my expenses were up a bit, some of that can be attributed to early knee surgery bills. There are thousands more on the horizon as the amounts from the various professionals and rehab facilities are tallied. Strangely enough none have been billed to me yet. They are coming though, no doubt about it!!
November is humming along both on the job front and the expense front. Christmas is going to break the bank, but at least we have most of the presents purchased.....I hope.
DEFY MEDIOCRITY
Your post just highlights that health is really the only thing we need. Without good health everything is meaningless. You already know know about having large medical expenses and the hassles of being sidelined because of an injury. Even with these drawbacks you still managed a very healthy savings rate. Way above the average citizen out there. Thanks for sharing.
ReplyDeleteDivHut,
DeleteWithout health everything else is meaningless. I would kill to go on a nice long hike in the national forest, fish off the pier on a nice cool morning, or even just hang out in the hammock right now.
Conversely having an injury like this without financial resources is something that I used to never think about. This is a reminder that I must do what I can now to make sure that I can survive an injury like this 20 years from now.
If I was 60 with no savings and had to work a job that required physical effort, I would be royally screwed. I feel fortunate to have the ability to take time off and not skip a beat. Many don't and that really sucks.
MDP
MDP -
ReplyDeleteI am sure you'll share and write about the medical bills as they come in. Nice job with a strong savings rate and continued investment plan. Dividends in December will be big for you. Thanks for the post MDP.
-Lanny
Lanny,
DeleteShort summary of the medical situation....high deductible insurance with an HSA. Basically the first 6 grand in on my dime. Yikes!!
MDP
Great savings rate and wow, 14k income is huge!
ReplyDeleteDivi Cents,
DeleteThanks! Last month was huge and I think most of Houston's energy woes are behind us!
MDP