It’s been a big month.
In many ways, it has been a poor month financially. Spending is up, savings are down but there have been several positives to come out of the rubble. The month has included many gifts purchased for Christmas and there have been several functions for work that are expensive (and compulsory). November is one of the most expensive months for me.
It has been a great month for the blog with readership growing strongly, subscriptions taking off and more followers on twitter. I have done two guest posts over at Monster Piggy Bank and Frugal Rules. Go check them out!
- Saving rate: 53.50% of net income (-10.04%)
- James’ spending: 25.5% of his income (+6.5%)
- Theoretical investment income^: 13.17% of money spent this month (+0.17%)
- Mortgage reduced by: 3.21% (-1.49%)
- Net worth: 3.43 years of living expenses* (+2.3 months)
- Years until financial independence**: 14.26 years (+5 years)
*Target living expenses, not actual – target is about 25% of current net income
**If we saved this much each month
^Is our net worth x 0.07%/12, to give a monthly return assuming our whole net worth was in an index fund returning 7% a year.
I’m still pretty happy with my savings rate, and a lot of things went well but just not quite as well as last month. The time until financial independence is a bit deceptive because it assumes that spending will continue forever at the rate it did this month. When I have a few more months of data, I’ll base it on a rolling average of the last six months.
Overall financial picture
Black = Net income
Red = Expenses
Green = Theoretical investment income
The beauty of this overview, is that when the expense line is regularly eclipsed by the investment income line, it means I will have reached financial independence. It’s great fun to watch the two bottom lines coming closer together.
November’s blog stats
- Blog visits: 920 (+686%)
- Page visits: 4,571 (+578%)
- Twitter followers: 171 (+50%)
- RSS Subscribers: 57 (1,425%)
- Alexa rank: 333,852
- Revenue: $1!!!!!!!!!!!!!!!!
Goals for December
I’m going to try to be more accountable with my goals. I’m going to set them monthly and work out whether I achieved them the following month.
- Do a guest post per week
- Post three times a week
- Keep my personal spending rate below 25%
Overall a bit of a down month financially, but the blog is going well. Plus, with the $1 in revenue I’m officially in the money.