My savings rate for June = 61%.
I spent $0 on gaming this month!
I spent exactly my regular monthly average of $70 on alcohol this month. Same for my monthly $10 cell phone bill, $35 heat/electric bill, and rent. No surprises there.
I spent more than usual on gasoline and on groceries (about double) due to a wonderful visit from my parents. I wanted to keep them well fed and also show them around. Although this lowered my savings rate a bit this month, it was well worth it! These are the kinds of things it is important to spend on. And I can easily afford it because of how good I am at saving up!
In the same vein, I shelled out $100 to rent my apartment complex’s guest apartment for the night that my childhood friends rolled through with their band, Swear & Shake. They regularly tour the eastern half of the United States and this was their first show in Madison, WI! So naturally I wanted to see them, make them comfortable, and show them a good time. Again, well worth it.
Some other reasons my savings rate was lower than usual this month:
- I made my semiannual auto insurance payment for $400. I’ve been meaning to shop around for cheaper insurance. Upcoming post maybe?
- I spent about $100 on new summer clothes. Since I’ve been keeping track, I’ve been spending about $165 on new clothes annually. You can tell I’m not much of a shopper, although I do take advantage of the low prices at Kohls (I shop there almost exclusively).
- I also made a cash withdrawal of $175 to refill my wallet. They only take cash at the local farmer’s market I go to, and I also wanted cash on hand for my recent business trip.
It was a fun month, including a visit from my parents, from old friends, and a camping trip. Even with all of this going on, I still managed to save 61% of my after-tax earnings! I am still confident that by the end of this year, my overall savings rate for 2013 will be greater than my overall savings rate for 2012 (67%). Onward and upward!
And remember, the best things in life are free… like this view!