At the bottom of this post is a screenshot from the spreadsheet I was using in 2016 when I became serious about tracking my income, spending, and my investing.
In hindsight I wish I had made these posts in real-time, as my situation was unfolding. I always had intentions to do so, but, I was super focused on graduating at the top of my college class and landing a job that would triple my income.
This is for the month of February, 2016.
Let’s see what we’ve got!
Total Income: $1186.75
Total Spending: $1235.46
Total Invested: $342.30
% of Income Invested: 28.84%
Total Net Worth: $23,367.33
Once again you can see that the numbers don’t make sense. I was in the red, having spent more than I earned. I still managed to save/invest over $300 of my $1186.75 income. I was determined to maintain a 25 to 30% savings/investing rate while in school, even if it meant that I was dipping into my emergency fund. It was a fluid fund, it ebbed and flowed.
The mental satisfaction that came from investing each and every month, using the “pay myself first” method, was more important to me than rationalizing my income and expenses. I know, that’s weird, and not sustainable, but it all worked out. These numbers are three years old, and where I sit now is more or less where I want to be in 2019.
Click the picture below if you want to explore the different categories.