February 2020 Savings Rate
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Finally made a small, but positive move towards my yearly savings rate goal of 60%. Honestly anything is better than January’s savings rate of 0%.
Savings: $815
I continued to contribute to my Traditional IRA since that’s the only available tax advantaged account I have. Starting in April I should have access to an HSA and 401K again. As a FI member, I can’t tell you how excited I am about that!
401k: $0
HSA: $0
Traditional IRA: $750.00
Checking: $0
Emergency HYSA: $5.00
Travel HYSA: $30.00
Big Event HYSA: $30.00
Brokerage: $0
BFF Brokerage: $0
Income: $2,950.72
My income this month is mostly made up of my 2019 tax refund (see cash back category). Although I’m typically team owe, this year’s refund was really a blessing in disguise. 🙏 I have a lot of cash coming my way for hopefully the month of March. My outstanding design invoices total over $9,000. Fingers crossed 🤞 that everything will be paid by the end of March so I can hit my target savings rate of 60% for the year.
💰 Paycheck: $0
👕 Resale: $199.14
👩💻Freelance: $500.00
💵 Cashback: $2,012.56
📈Interest: $33.28
🎁 Gifts: $180
📈Dividends: $25.74
Expenses: $2,284.36
My expenses are still relatively high for me, but hopefully they’ll be going way down since I moved in the my parents. More on that later… My goal is to try to keep it under $2K for March.
🏡 House: $850.00
💡 Utilities: $54.67
🚕 Transportation: $55.47
🥦Groceries: $25.88
🍽 Food: $194.11
🍹Drinks: $27
🛍 Shopping: $19.97
💻 Work: $161.33
🎥 Entertainment: $213.73
✈️ Travel: $220.65
🚙 Car: $123.14
🏥 Health: $243.27
🎁 Gifts: $0
Misc.: $95.04
It’s been a bumpy start to 2020, but I’m still manifesting a 6 figure (pre-tax) year.
xo, Catie
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