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3 Feb 2013

Monthly Spending and Budget Report-January 2013

To those new in this blog, I track my spending every month. My goal for 2013 is to spend 60% and invest 40% of our income in order for me (and hubby) to retire comfortably in our early 40s.

I am so excited about 2013. I now track the whole household spending. I also reduced our target to investing 40% of our income. I think we can do far better but we have a HUGE relocation that we need to embark on around mid year. Getting into the new house, painting, fixing, renovating, etc. 40 % is not bad too.
Do you remember how taxing December was, with close to R40k gobbled by my small online business?

Our January 2013 monthly spending and budget report:

Real Estate 17%
This is nicely toned down. I love it. 25% wouldn't be bad.
Salary 82% 62% This is a new category.
Interest/ Dividends 1% 5% Our emergency fund has been reduced. Interest will be low. But we expect dividends to fill the gap..
Online Income 0.3% 0% I will get three months worth this month. I received a fat cheque and deposited it in January.It takes about 6 weeks to be cleared, I was told.
Other 0% 0%
One thing that makes me unhappy is that the interest on my Emergency Fund is 4.65%, which is below the inflation rate. I took some money to the stocks in January.

Real Estate 13% 12%
Transportation 1% -%
Online 0% 65%
Internet/ Phones 0.4% 1%
Consumer 10% 2% We had one of those expensive mini holidays.
Withdrawals&Fees 6% 0%
Giving 10% 18% This should be at around 10-12%.
RA, Unit Trusts, Investments 3% 5% Fixed for unit trusts and the rest of small investments. Some of which I regret.
Net Income (Left to Invest) 62% -2% Great start, 62% not spent!!! We paid all of it to our homeloan. Our debt-free days are fast approaching. I no longer top my Just Invest (Nedbank) interest up.
We lived on 38% of our income in January (comparing to 102% in December). Our Net Worth grew by about R105K in January. I wish this was sustainable. The unit trusts did quite well and so did the general JSE. If R105K was our average, we would be sure to hit our R1M net worth growth by year end.

  1. MAIN GOAL: net worth grown by at least 25%.-- 2% January.
  2. BUDGETING: invest at least 40% of income.-- 62% January.  
  3. EMERGENCY FUND: 3 months worth of living expenses.-- DONE.
  4. GIVING: give of more than 10% of income.--DONE.
  5. REAL ESTATE: Construct at least 4 flats/ increase the rental income by 30% .-- not yet.
  6. MORTGAGE: Pay up our home .-- not yet.
  7. STOCKS AND DIVIDENDS: Get at least R12,000 in dividends.-- not yet.
  8. EXTRA INCOME: Online income to R8000 per month by December 2013.-- +/-R4500 January.


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