We are officially halfway through 2017, and doing great! Fresh home from an amazing trip to Portugal, Spain, and France, it’s time to have a look at our half-year progress for 2017.
Our net worth has increased from $244,341 to $272,751 – a $28,410 increase! That’s an average monthly increase of $4,735, which is very reasonable given our income. We are currently sitting at a 55% savings rate for the year, which is skewed low since we’ve already paid for most of our travel for the year (meaning it should boost above 60% by year end).
Our spending has also been quite reasonable, at $8,713 for non-travel spending. This means we’ve spent about $300 less than last year, when we were at $9,012 for this time period.
I always leave travel spending out of the equation until year end, because it makes more sense to average it out over the course of a year due to the way we travel – we generally have many months of zero travel spending, then a few thousand in one month when we book a bunch of things at once. Our travel spending so far looks to be on track with previous years, in any case.
Our breakdown year to date is as follows:
$4,809 ($801/month) – Housing. Rent (includes utilities) and insurance.
$1,658 ($276/month) – Food. About 75% groceries, plus snacks and restaurants.
$519 ($86/month) – Shopping. This was 44% electronics (we replaced one of our tablets and our hair clippers, and bought some video games, a new scale, and batteries). The rest was divided up between some ebooks, shoes, clothes, kitchen things, and random things like light bulbs).
$460 ($77/month) – Bills. Internet and two cell phones with very bare-bones plans.
$352 ($59/month) – Entertainment. My ballet lessons were 56% of this, followed by movies, concerts, and some events.
$217 ($36/month) – Personal Care. My haircuts, plus laundry, toiletries, and the occasional massage.
$694 ($115/month) – Everything Else. This includes $207 worth of Idiot Tax, plus public transit fare, cat expenses, gym memberships for the first three months on the year, and some meds.
We’ve had a great first half of the year, and look forward to seeing double the progress by year end.
- Written by Steph