Updated: Jul 8, 2018
Percent Total Monthly Income Saved: 205.9%
Tax Advantage Account Savings (401K + employer match, IRA): $14,501
Brokerage Account Savings (Vanguard Index Funds, Betterment, Lending Club): $7640
Monthly Piggy Bank Growth: $25,079
End of Month Percent to Final FI Goal: 16.1%
This month Mrs. Horizon finally rolled over an old 401K that wasn’t accounted for last month. Mr. Horizon closed a CD and invested it in index funds. This explains the ridiculous numbers this month! We also went on a relatively inexpensive backpacking trip (more to come!).
We realized that we have been overpaying for insurance this month. We are investigating new options so that we can change over in the next few months. Mr. Horizon got the pleasure of taking a defensive driving course… that we had to pay for of course! Once again, eating out wasn’t good for us this month but we are continuing to focus on this shortcoming.
Once again, May was also a strange month for us. We moved some old accounts around to align with our goals which created a larger jump than normal. We also got an accepted offer on a house! So we are expecting that to impact savings rates over the next few months. Maybe sometime soon we will have a normal month on the books…