I have spent 45155.19 in the month of January out of which income tax, cash, medical, groceries and eating out are top spends. I have spent 34972.31 last January and I am happy about it because this time I have included income tax as well.
Sunday, 3 February 2019
Pay day for January
I have received a salary of 121400 rupees pre tax for this month. I am not saving 50% for last few months due to medical expenses so I am going to budget for 35000 in February and invest the rest. I will be left with 93294 after tax, transport, pf and share contribution. I have to invest 38294 in NSE100 excluding 20000 sip. I had given my wife 41217.4 so I have to make 53508.52 as credit card payment. I did invest 19766 instead of 38294.
My PF(902602) stands at as of today. I am able to login to account now.
My PF(902602) stands at as of today. I am able to login to account now.
Tuesday, 1 January 2019
Books I read in 2018
Just 3 books I should increase this but difficulty is I just do not want to spend money on them.
Jan 18: The simple path to wealth by JL Collins
Feb 18: The Richest Man in Babylon by George S. Clason (Reread)
Mar 18: The Wealthy Barber by David Chilton ( Listened to most part of the book)
Nov 18: An Irish Country Doctor (Patrick Taylor)
2017
Aug 17: The Crossroads of Should and Must: Find and Follow Your Passion by Elle Luna
September 17: The Upside of Irrationality by Dan Ariely
Oct 17: The Present: The Gift That Makes You Happy And Successful At Work And In Life by Spencer Johnson
Nov 17: The Power of Habit: Why We Do What We Do, and How to Change by Charles Duhigg
Hopeless by Colleen Hoover
Dec 17: The Count of Monte Cristo by Alexandre Dumas
Jan 18: The simple path to wealth by JL Collins
Feb 18: The Richest Man in Babylon by George S. Clason (Reread)
Mar 18: The Wealthy Barber by David Chilton ( Listened to most part of the book)
Nov 18: An Irish Country Doctor (Patrick Taylor)
2017
Aug 17: The Crossroads of Should and Must: Find and Follow Your Passion by Elle Luna
September 17: The Upside of Irrationality by Dan Ariely
Oct 17: The Present: The Gift That Makes You Happy And Successful At Work And In Life by Spencer Johnson
Nov 17: The Power of Habit: Why We Do What We Do, and How to Change by Charles Duhigg
Hopeless by Colleen Hoover
Dec 17: The Count of Monte Cristo by Alexandre Dumas
Monday, 31 December 2018
2018 expenses, goals, returns from investments and FI date
Expenses:
I have spent 538656.41 in 2018.
In 2019
I should save on cash by not taking more than 9500 per month. Monthly 4000 goes to cook and 1500 to maintenance. Should limit cash spending to 4000 which is 1000 per week.
Tax should be less in 2019 as it is paid on time and redemption are less.
Life insurance I will change to 18 year term plan this year, which should save 7000.
I should save on medicines by ordering online and if possible tests.
Goals:
I have spent 538656.41 in 2018.
In 2019
I should save on cash by not taking more than 9500 per month. Monthly 4000 goes to cook and 1500 to maintenance. Should limit cash spending to 4000 which is 1000 per week.
Tax should be less in 2019 as it is paid on time and redemption are less.
Life insurance I will change to 18 year term plan this year, which should save 7000.
I should save on medicines by ordering online and if possible tests.
I was not able to save 50% of salary, exercise 20 days, read a book a month, and prevent unnecessary leaves. Reached 16600 passive income from investments and coupled with rent 5000 I have now @21600.
1. To save 50% of my post tax salary and deposit in MF without any second thought (Jan, Feb, Mar, Apr, May,Jun, Jul, Aug, Sep,Oct, Nov, Dec).Failed
2. To have 15000 as passive income per month and not touch the savings at any cost unless medical emergency or job loss. (Achieved in November due to PF account). Success
3. Track my expenses every month and see how did it go (Jan, Feb, Mar, Apr, May,Jun, Jul, Aug, Sep,Oct, Nov, Dec). Success
4. Exercise at least 20 days a month (Jan, Feb, Mar, Apr, May,Jun, Jul, Aug, Sep, Oct, Nov, Dec). Failed
5. Read one book a month (Jan, Feb, Mar, Apr, May,Jun, Jul, Aug, Sep, Oct, Nov, Dec).Failed
6. Plan 2 trips out of state.Failed
7. Not to take unnecessary unplanned leaves from work (Jan, Feb, Mar, Apr, May,Jun, Jul, Aug, Sep, Oct, Nov, Dec).Failed
2. To have 15000 as passive income per month and not touch the savings at any cost unless medical emergency or job loss. (Achieved in November due to PF account). Success
3. Track my expenses every month and see how did it go (
4. Exercise at least 20 days a month (
5. Read one book a month (
6. Plan 2 trips out of state.Failed
7. Not to take unnecessary unplanned leaves from work (
Returns:
I have made 19072.3 with 2018 investments which is 2.54 % although not annually but also on a percentage basis the return is poor and 170857.08 from previous years investments which is up 5.49%. In total I have got 189929.38 for year 2018.
FI date and graph:
FI date October 2025 which is 6 years 10 months.
I have made 19072.3 with 2018 investments which is 2.54 % although not annually but also on a percentage basis the return is poor and 170857.08 from previous years investments which is up 5.49%. In total I have got 189929.38 for year 2018.
FI date and graph:
FI date October 2025 which is 6 years 10 months.
December expenses
I have spent 29045.67 in the month of December out of which cash, medical, groceries and shopping are top spends. I have spent 28438 last December and I am happy about it.
Friday, 28 December 2018
Pay day for December
Post tax salary is 98999.63 out of which I am planning to spend 35k in January and I should invest 64000(7000 tax shield+ 57000 in nse100 - done). 3333.21 is left from December.
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