A few days ago, when I was looking at my net worth changes, I had a slight panic about my cash flow. Well, after looking at my monthly spending in more detail, I am feeling reassured.
From Jan-Nov 2005, I spent between $2,176-$3,682 per month, not counting taxes. Comparing this to my takehome pay, of approximately $3,600 a month, it worked out that I actually saved an average of $834 from each month's pay, not the $240 or so I had erroneously come up with the other day.
The $834 is a little misleading, as I haven't had to renew my gym membership during this period, and that is a hit of almost $1,000 (I pay for a full year in advance in order to get a free extra month or two). But even if I factor that in, I do seem to be saving over $700 a month on average, not counting what I contribute to my 401k through payroll deductions. That is about 20% of my takehome pay.
To celebrate my confirmed frugality, maybe I'll go to Gucci!
Sunday, December 11, 2005
Whew!
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5 comments:
Good job! You're saving 20% of your take home paycheck on top of what you're saving for your retirement! Keep up the savings. Reward yourself but don't buy any $2,000 wallets! :)
holy cow, what gym do you go to???
i go to LA fitness. I paid $600 for 2 years but after that my renewal is $99/yr.
Great job on the $700 a month in savings - being able to save 20% of take home pay is a great accomplishment. Keep it going next year!
Have you moved into your new apartment? Is it in Manhattan? Brooklyn?
Please do tell us about the costs associated with setting up - you know, furniture, cleaning supplies etc.
I realize you probably have some stuff that you'll use, but in my experience people tend to make a clean break and buy alot from scratch when they move, often to upgrade, sometimes for aesthetic reasons, etc.
Just curious what the costs for that aspect of a new home for a single person in NY are.
Anon- I haven't yet moved into my new (Brooklyn) apartment, but I promise I will post about closing costs, moving costs, furniture costs and all the rest as it happens!
Empty Spaces- my gym is a little pricey, but it's because they have a pool, and swimming is the only exercise I seem to be able to do regularly! In relation to some other clubs with pools, it's actually quite reasonable!
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