Certainly not the lowest :D
26 year old
Single Male.
Living alone.
My average monthly budget YTD is: $3,468
March figures break down as follows:
House |
Rent | $1,475 |
Internet | $78 |
Cell Phone | $45 |
Netflix | $10 |
Groceries | $105 |
Total | $1,713 |
Food & Drink |
Drinks | $335 |
Dining Out | $360 |
Fast Food | $84 |
Total | $779 |
Recreation |
Misc | $580 |
Total | $580 |
Clothing |
Clothes | $277 |
Total | $277 |
Transport & Travel |
Gas | $11 |
Taxi | $101 |
Total | $112 |
Personal |
Medical | $10 |
Other | $5 |
Total | $15 |
_ | _ |
Total | $3,476 |
I still hit a 62% Savings rate in March.
Recreational expenses were much higher than usual as I had a quite a busy month.
Typically, recreational expense come in around $250-$300
The clothes budget was a bit of a luxury spend when I had some trousers made from my tailor.
The amount I spend on alcohol and dining out is way too high really, I think I can possibly shave 25% from that and save an extra $200/month.
Were I able to bring my recreational expenses down to a normal rate of $250 and shave 25% from drinks/dining spend ($200) I could have bought the monthly budget down to $3,016 and raised the monthly savings rate 5 points to 67%
I think with an upcoming pay-rise/bonus and some effort to reduce spending, I should be able to hit ~70% savings rate fairly consistently.