Goals, plans and new years resolutions. Those are the things that people do each year in anticipation for a brand new year. They’re going to make changes for the better. They’re going to start working out or losing weight. They’re going to buy a new home or pay a crazy amount of the mortgage off this year. Most new year’s resolutions are short term and only really focus on one year. It makes sense to focus on a small timeframe to make things attainable. However, I have never been a big new year’s resolution fan, as most people don’t follow through with their resolutions.
Wow, what a year! We celebrated my daughter's first birthday and our 4 year anniversary in 2017. We made three trips to Nebraska to see family, most recently over the holidays. We had a great time playing cards and enjoying each other's company. We are now diving back into our busy lives.
Monthly, I detail where our money went. This article details the expenses for the month of October and explains how the savings rate was affected by different expenses that came up that month.
One of the best ways to build wealth and reach the financial summit is to have a high savings rate. As I detailed in an earlier article, our savings rate has continued to increase since last June. So, I decided to do a monthly article on our savings rate and explain what caused the increase or decrease in the rate. Our goal is to reach 50% every month, but there have been a few months this year that have not reached 50%.
As mentioned in an earlier article, Mr. Money Mustache is a blogger who retired at the age of 30. He teaches multiple strategies on how to destroy consumerism and grow your ‘stash. This is my story of how Mr. Money Mustache helped me build my saving muscle.