Updated: May 2, 2019
Percent Total Monthly Income Saved: 39%
Tax Advantage Account Savings (401K + employer match, IRA): $4535
Brokerage Account Savings (Vanguard Index Funds, Betterment, Lending Club): $2500
Monthly Piggy Bank Growth: -$75,264
End of Month Percent to Final FI Goal: 15.8%
Percent Mortgage Paid Off: 65.10%
Total Approximate Interest Saved (using amortization tool): $126,024
We have been tracking everything towards our FI goal for 1 year! We paid off nearly 50% of the house in lump sum payment! We also got our food expenses in check this month with more conscientious spending and it made a big difference!
We haven’t been focusing on our health very much and need to get back into the habit of working out. Hopefully with the warm weather and vacations right around the corner we will be finding the motivation to get back on track!
This month was a big shift in focus for us. We decided to focus on paying off the house over the next 14 months. Our percent to FI goal dropped as a result but our percent to house pay off jumped by nearly 50%. To read more about this big decision see our trekking guide post “The Grand House Repayment Plan”. Our savings rate will drop to 30%-40% over the next months while we work to achieve this goal.