May - July Savings Rates Update

It’s been some time since I posted an update here.  I haven’t been feeling motivated lately for some reason to keep my blog updated but I am forcing myself to do it today.  My frugal habits haven’t slipped by any means.  In fact I’ve made more money recently than in most months of the year so far.  I was hit with taxes however which lowered my income.  Here are my updates for the periods of May – June and June- July.

May – June Income

Main Job:  ¥321,421

Part Time Job:  ¥22,149

TOTAL:  ¥343,570

June – July Income

Main Job:  ¥284,715

Part Time Job:  ¥7,917

2^nd Part Time Job:  ¥27,000

Gympact:  ¥991

TOTAL:  ¥320,623

Not bad on the income side.  I did some extra work on the weekends to bring in more money.  Gympact kicked in a little extra cash as well.  This also goes into the bike pay down fund, which I hope to update in another post as I am coming up on my one-year anniversary of biking.  June – July’s salary was lower as I got hit with taxes, which is a major bummer.  This will occur for four months but is also one of the reasons I am working extra to pay for them.

May – June Expenses

TOTAL:  ¥123,424

June – July Expenses

TOTAL:  ¥153,904

I won’t post the breakdown of the expenses, as this post will end up being too long.  In June however I had to pay double rent, which led to higher than normal expenses.  This is the last payment I have to make like this however so next year (if I’m still living here) I won’t have to worry about this.

All in all I ended up with savings rates of:

May-June:  64.07%

June-July:  52%

My savings rates for the year so far have been:

April:  47.34%

March:  42.85%

February:  65.43%

January:  47.36%

My average savings rate for the year so far is 53%.  My goal is to hit 55% for the year.  I am 2% under my goal.  I think for the next few months I’ll continue to miss my 55% goal but once I have my taxes paid my paycheck will be higher than normal.  I am still confident that I will meet or exceed my goal.

I’m hoping to find more motivation in the coming weeks.  I am on summer vacation right now so I don’t have to go back to work until the beginning of September but I am still paid 100% of my salary (pretty sweet I know).  I want to use this time wisely, and one goal is to get back to this blog.  There are still things I would like to update my readers on like my current portfolio and my bike pay down which may be the subject of the next few blog posts.