Author Topic: First Month  (Read 1637 times)


  • 5 O'Clock Shadow
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  • Posts: 98
First Month
« on: August 28, 2013, 10:28:46 AM »
I am at the end of my first month on my MMM budget. (I am a YNAB user so I budget monthly)  I am happy to say that I got my savings rate up to 65% for the month.  I am reasonably certain I can maintain a 60-65% savings rate for the long term.

Some things I did included riding the bus to work most days (my employer covers this cost), cancelling cable, rediscovering thrift stores, staying away from Starbucks, packing my lunch every day, and riding my bike more often to get around on the weekends.  I wasn't doing too bad before so some things I have done in the past few months include refinancing my mortgage for 15 years under 3%, cancelling housecleaning service, and reducing my eating out budget.

I always liked the idea of frugality, but I never had any specific goals to keep me on track.  Now I can imagine leaving my high paying, but very high stress profession in 10-12 years and enjoying a slower pace of life.  Thanks MMM and community for showing me the way!


  • Handlebar Stache
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  • Age: 56
  • Location: Vancouver, BC
Re: First Month
« Reply #1 on: August 28, 2013, 07:53:54 PM »

65% is amazing.  Good on you for making those changes.  And you probably aren't suffering either, I bet.  I made similar changes and the savings were great and I don't feel at all deprived.

Like you, I also didn't have any specific goals to keep me on track until I came across this website four months ago.  I really didn't think that being frugal could amount to much.   But fortunately, I had always put aside 10-15% of my income for retirement.  My job is also stressful and I am grateful that I can retire even if it is at 60.   Thank God for this.


  • Pencil Stache
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  • Location: Fredericksburg, VA
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Re: First Month
« Reply #2 on: August 28, 2013, 08:48:26 PM »
Awesome job!!! 65% is just amazing.  Good luck going carrying your big success forwards!!!!