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Abstract

id="433d">June was a good month in terms of net income with quite an increase from the previous month(+14,46% MoM). June marked the second highest income of 2019 so far. Up 14,78% against the 2019 average just for reference.<blockquote id="909c">I do not have a fixed income like most people and I can easily have 10 to 15% fluctuations month-over-month.</blockquote>Time to get all numbers in. Let’s check my 2019 saving results so far:<ul><li>January: $1689,23</li><li>February:$ 3029,34</li><li>March: $8277,20</li><li>April$ 4251,54</li><li>May: $1231,22</li></ul>And finally June with$ 4889,06…the second best month so far!<figure id="0461"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*PI5_Hbe1FF_Bpi-9Gznh1A.png"><figcaption>Savings 2019</figcaption></figure>So as we can see June is well above average and May is still my worst month of the year so far.<blockquote id="ce62">I hope it keeps that way :)</blockquote>My average saved amount in the first 6 months of 2019 is now standing at $3932,09. It means my goal of saving at least$ 4000 per month is not looking that far away and is quite possible to achieve.Having a realistic goal is always better than “dream goals”. Easier to achieve and to improve.I was somehow surprised by the June results mainly due to my 5-day trip to the UK and all the extra costs involved. Luckily I managed to cut on fuel costs by using a car-sharing application and giving a ride to a few people along the way.Also, our accommodation and ferry from Belgium to the UK was already paid since last month so the pain was felt in May rather than in June.Another piece of good news for the month of June was that I concluded the sale of my motorcycle to a friend. This was the first motorcycle I had and my introduction to the 2 wheel world (a passion of mine). It was hard to see it go but it had to. After fixing the mechanical problems it had due to non-usage, I was still able to get some value out of it for a 12 years old motorcycle.<blockquote id="b5fd">All the money of the sale was entirely used to pay off debt which always has a positive impact on the net worth.</blockquote>This is a great lesson I take from FIRE. Stopping accumulating material things that we do not really use anymore. And if such things keep taking money out of us…even worst!It is sometimes hard to let go of things when you have some kind of emotional relationship with, but usually, those emotions do not translate into good financial decisions.</p

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I am fully focused on improving my financial life and I take it as a step-by-step process.“Financial independence comes from small goals compounded…”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:<div id="31a6" class="link-block">

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            <h2>Evaluating My Asset Allocation: June 2019</h2>
            <div><h3>Understanding asset allocation on a portfolio is one of the most important steps in the investing journey.</h3></div>
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    </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 June 2019?

June was a very good month for my savings and put me back on track!

I have been writing about 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.

After a shy May, I was able to get back on the right path in June. You can read my May report below if you missed it:

How Much Did I Save in May 2019?

May was not a good month for my savings.

medium.com

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 limiting our expenses in order to improve our savings rate and therefore, pave the way to financial independence.

3 Key Things I Do To Save 40% of My Income

We all know of people that are constantly complaining about not being able to save any money. Are you one of those?

medium.com

Now let’s jump into the results…

June was a good month in terms of net income with quite an increase from the previous month(+14,46% MoM). June marked the second highest income of 2019 so far. Up 14,78% against the 2019 average just for reference.

I do not have a fixed income like most people and I can easily have 10 to 15% fluctuations month-over-month.

Time to get all numbers in. Let’s check my 2019 saving results so far:

January: $1689,23
February: $3029,34
March: $8277,20
April $4251,54
May: $1231,22

And finally June with $4889,06…the second best month so far!

So as we can see June is well above average and May is still my worst month of the year so far.

I hope it keeps that way :)

My average saved amount in the first 6 months of 2019 is now standing at $3932,09. It means my goal of saving at least $4000 per month is not looking that far away and is quite possible to achieve.

Having a realistic goal is always better than “dream goals”. Easier to achieve and to improve.

I was somehow surprised by the June results mainly due to my 5-day trip to the UK and all the extra costs involved. Luckily I managed to cut on fuel costs by using a car-sharing application and giving a ride to a few people along the way.

Also, our accommodation and ferry from Belgium to the UK was already paid since last month so the pain was felt in May rather than in June.

Another piece of good news for the month of June was that I concluded the sale of my motorcycle to a friend. This was the first motorcycle I had and my introduction to the 2 wheel world (a passion of mine). It was hard to see it go but it had to. After fixing the mechanical problems it had due to non-usage, I was still able to get some value out of it for a 12 years old motorcycle.

All the money of the sale was entirely used to pay off debt which always has a positive impact on the net worth.

This is a great lesson I take from FIRE. Stopping accumulating material things that we do not really use anymore. And if such things keep taking money out of us…even worst!

It is sometimes hard to let go of things when you have some kind of emotional relationship with, but usually, those emotions do not translate into good financial decisions.

I am fully focused on improving my financial life and I take it as a step-by-step process.

“Financial independence comes from small goals compounded…”

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:

3 Sacrifices We Must Embrace to Achieve Financial Freedom

We must sacrifice something to get something else.

medium.com

The 1% Trick That is Changing My Financial Life

“Many times we override simple changes in our life due to the many deflectors we are exposed to every single day. No…

medium.com

Evaluating My Asset Allocation: June 2019

Understanding asset allocation on a portfolio is one of the most important steps in the investing journey.

medium.com

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