In my unintended hiatus I missed the last three months of updates.
Let’s get that sorted out, real quick like.
Last time I bared my financial knackers to the interest at the end of November I had a savings rate of 55%, and an average of 53.4% for the year. December ended up with a savings rate of 70.6% and an average for the year of 54.9%.
Not bad, shy of the 60% target I set, but come on! I got married in the year too.
The Zombie Finances were good to me in January, with a savings rate of 74.3%. And then not so good to me in February with a savings rate of 54.2%. That’s an average of 64.3% for 2017 so far.
We started the year with a few weddings and I bought a couple of things to help keep me training (a Garmin watch and a wetsuit), so Febraury suffered a little.
Given that I have failed to hit my target of 60% two years running…I’ll give it another shot 🙂
I’ve included an indicative March saving rate, and it’s looking healthy. It’ll trend down but I’m hopeful it’ll stay above 60%.
My long term average is creeping up towards 60%, so I’m feeling confident that this is the year that I hit my target.
My NetWorth had seen an increase of 44.85% to the end of November, pretty much hitting my target of 45% for the year already.
The Zombie Train ploughed on through December, leaving me with an increase in NetWorth of 54.1% for the year. Yee-haw, hell of a December right there!
If you want to reach Financial Independence you can’t stop the train early. So my savings continued into the New Year, giving me a 2.2% rise in Networth in January and 5.3% in Febraury. Putting me on a pretty strong start to the year. Seems TFS was right, a busy working zombie just ain’t got the time to spend money.
Mmmmmmmm. Such a tasty graph.
Well, shit a pig. A couple more years like this and I’m well on my way. 5 more years like that and I’m about there.
That’s the second year in a row I’ve hit my NetWorth target (and not hit that goddam savings rate target). As my NetWorth grows, the growth rate I see will shrink. After all, it’s much easier to grow £1,000 by 10% than it is £1,000,000. My contributions will become a smaller and smaller portion of my total savings. A nice problem to have, to be sure.
With that in mind, 45% targeted growth it is again.
So there you have it, a quick update in less than 500 words, 2 graphs and 1 affiliate link.
Remember kiddies: Spend Less, Save More & Escape the Horde.