avatarFernando Lopes

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2094

Abstract

d save 2000a month</h2> <div><h3>Budgeting is hard but for sure it pays off!</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*Xv6hPk7Ya7X89jH1)"></div> </div> </div> </a> </div><p id="433d">April was not a good month in terms of income and it marks my lowest month of 2019. I do not have a fixed income like most people and I can easily have 10 to 15% fluctuations month-over-month.</p><p id="ebf1">Now, it is time to jump to the numbers. Let’s check my <b>2019 saving results</b> so far:</p><blockquote id="1c95"><p>January:1689,23 February: 3029,34 March: 8277,20</p></blockquote><p id="0173"><b>April: 4251,54</b></p><figure id="45fd"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*SqMl5yai34ti_xvI3SE49g.png"><figcaption></figcaption></figure><p id="f67e"><a href="https://readmedium.com/how-much-did-i-save-in-1q-2019-c380b967939f">After the March pump,</a> April still managed to be a very good month in terms of savings. April was a very busy month which avoided extra expenses such as traveling. Also, I did not have anything significant pending from the previous month on my credit cards.</p><p id="c1ac">Focussing on the <b>average saved amount in the first 4 months of 2019 </b>we get <b>4282,23</b>.</p><p id="e680">Comparing to my <b>average savings in the first quarter of $4331,92, </b>I am down roughly 1.15%. Nothing major, as I know that the first quarter average will be a tough one to beat.</p><p id="6984" type="7">“Unfortunately, I do not get a bonus every month…”</p><p id="64da">In May I already know that my saved amount will be rather low and most likely my worst month of 2019. Unexpected expenses and traveling are the main causes of the fact.</p><p id="5afa">From 2019, I started to seriously <b>track all my financials</b>. By seriously I mean I make it a monthly ritual. Yes, it does takes time to compile everything but I do like

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the visibility it gives me over my personal finance.</p><p id="5dfb"><b>How much are you saving each month? Share your goal with me in the comments below.</b></p><p id="4179"><b><i>If you like my content, please check my other stories:</i></b></p><div id="31a6" class="link-block"> <a href="https://readmedium.com/3-side-income-ideas-for-2019-5d4480bfd352"> <div> <div> <h2>3 Side Income Ideas for 2019</h2> <div><h3>Ready to build another income stream?</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*LJ-IHHnSyzavcRFk)"></div> </div> </div> </a> </div><div id="d21d" class="link-block"> <a href="https://readmedium.com/should-i-invest-in-blockchain-ba5982e5bce5"> <div> <div> <h2>Should I Invest in Blockchain?</h2> <div><h3>Here are my thoughts…</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*JvwSpWgWFEzaaxJr)"></div> </div> </div> </a> </div><div id="d255" class="link-block"> <a href="https://readmedium.com/stock-portfolio-review-april-2019-1900da56832"> <div> <div> <h2>Stock Portfolio Review: April 2019</h2> <div><h3>A new month just started! Perfect time to review my portfolio.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*R1hy0XLNX5xYqIfw)"></div> </div> </div> </a> </div><p id="05c0"><i>Disclaimer: I am not a financial advisor. Always do your own research when investing.</i></p></article></body>

How Much Did I Save in April 2019?

Photo by Christian Dubovan on Unsplash

April was another good month for my savings.

Last month, I have started to publish how much I am saving each month and I intend to keep on doing it. It does help me to evaluate myself and it keeps me motivated. Hopefully, it will also help others to commit to their financial journey.

While saving has a very symbiotic relationship with our income, how we manage our money plays the biggest role.

“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” — Edmund Burke

In some of my other stories, I already discussed the importance of tracking our expenses in order to improve our savings rate.

April was not a good month in terms of income and it marks my lowest month of 2019. I do not have a fixed income like most people and I can easily have 10 to 15% fluctuations month-over-month.

Now, it is time to jump to the numbers. Let’s check my 2019 saving results so far:

January: $1689,23 February: $3029,34 March: $8277,20

April: $4251,54

After the March pump, April still managed to be a very good month in terms of savings. April was a very busy month which avoided extra expenses such as traveling. Also, I did not have anything significant pending from the previous month on my credit cards.

Focussing on the average saved amount in the first 4 months of 2019 we get $4282,23.

Comparing to my average savings in the first quarter of $4331,92, I am down roughly 1.15%. Nothing major, as I know that the first quarter average will be a tough one to beat.

“Unfortunately, I do not get a bonus every month…”

In May I already know that my saved amount will be rather low and most likely my worst month of 2019. Unexpected expenses and traveling are the main causes of the fact.

From 2019, I started to seriously track all my financials. By seriously I mean I make it a monthly ritual. Yes, it does takes time to compile everything but I do like the visibility it gives me over my personal finance.

How much are you saving each month? Share your goal with me in the comments below.

If you like my content, please check my other stories:

Disclaimer: I am not a financial advisor. Always do your own research when investing.

Money
Saving
Personal Finance
Investing
Life Lessons
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