All that talk about early retirement, FIRE meetups and more non-sense! Forgot to catch up on savings rates and the Cheesy Index. Hereby the September 2018 Cheesy Index & Savings Rate, including catch-up form the previous month(s).
September 2018 Cheesy Index & Savings Rate
I’m going to introduce a couple of changes going forward. Simple reason is that I lost interest in the details around the savings rate. We are naturally frugal and have optimized about everything we can. I don’t need a budget to figure out what I can and cannot spend money on. I will continue to report the savings rate, just not with all the financial details. Takes up too much time to write and does not have any added value for me (sorry if I now disappoint you, my dear reader).
The cheesy index is on FIRE (sorry for the pun)! The sale of our rental property to family, ongoing dividends and rental income/property value changes have continued to increase our overall net worth. Hence an increase in the Cheesy Index.
With all the changes and relatively stable market, we are now at a Cheesy Index of 75.0%. Remember that we are only living on 1 income, yet our net worth is still flying this year. Money makes more money, this shows that it really works! Never imagined at the beginnen of the year that our wealth would go up this quick, hence the “low” target for the year.
Here are the latest stats:
We finally had a month again where Mrs CF didn’t have ridiculous business expenses. We are awaiting an expense claim that should come in half-way October. Total value of that expense claim, about the same as a month’s salary! Since I’ve taken the business expense off the income in recent months (to create a net income), the coming month should be interesting :-). Pretty much a double income, on paper anyways.
How did we do in September, well, pretty good on just that one income. We landed a savings rate of……47.9% Booya! The wonders of keeping your expenses low :-). Last month (August), we “suffered” form the various business expenses and were only able to save 24.7%. Still, can’t really complain, now can we?
The distribution of the expenses for the month:
Did you have a good month too in September?