The Horizon's Monthly Savings- October 2018

Percent Total Monthly Income Saved: 54.6%

Monthly Contributions:

Tax Advantage Account Savings (401K + employer match, IRA): $4270

Brokerage Account Savings (Vanguard Index Funds, Betterment, Lending Club): $1600

Monthly Piggy Bank Growth: -$9510

End of Month Percent to Final FI Goal: 17.7%


Percent Mortgage Paid Off: 11.81%


Total Approximate Interest Saved (using amortization tool): $42,112

Monthly Successes:

With the windfall from the casino discussed in the comments below we got together and decided to make a decision to pay off a chunk on the house instead of splurging on things we did not need. I think the success comes from understanding that we currently have everything we need and while we have wants, financial independence is one of the largest wants we could ever have. This realization is why we paid off the chunk of the house instead of using this money for something else. We did take a small piece and get some items for the house we had been postponing though.

Monthly Shortcomings:

We still continue to eat out more than we should which is a hard habit for us to break. Mrs. Horizon is continuing her food expense tracking and will write about our experiences with that later.


Comments:

This month Mr. Horizon got quite a surprise! He went to the casino (that he only goes to a couple times a year) and ended up winning a large amount of money. We paid a lot of it towards the principal of our mortgage. Due to this luck, we were able to increase our amount of our mortgage that was paid up nearly ten percent and save another $35,000 in interest! As many of you have realized the market has been down this month and due to this our piggy bank growth value is negative. Although this can be a little demoralizing, we remind ourselves that when the market goes down it provides us an opportunity to get more shares for less as we continue to average in to the market.



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Crossing the Event Horizon

mrandmrshorizon@gmail.com