September Savings Rate – 43.3%

September was a good month for saving.  I made $2304.71 and saved $1000 for 43.3% of my income saved.  This was below my goal of saving 50% of my income, but I am still on track for the year.  I lowered my SWR to 49.28% from 52.2% the month before.  I’ve finally gotten my SWR back below the 50% mark.  Although it is still a long way from my goal of a 4% SWR it is good to see progress.

The 4% SWR translates into having 25x your annual expenses in savings or 300 months of expenses in savings. Once I reach that point I will consider myself financially independent.  I have 24.34 months of living expenses saved now.  It is nice to have two years of living expenses in savings.  I’m now basically at the same point I was at the end of April.  I hope I’ll be able to make more progress the rest of the year.  October will probably see me go backwards again since I won’t be making much money and will be spending quite a bit for our cruise.  I’ll have to really step up my earnings and decrease my expenses in November and December to make up for October and end the year on a good note.

4 thoughts on “September Savings Rate – 43.3%”

  1. I have maintained a 35% savings rate for in excess of 12 years. My children are grown, I downsized (16 years ago) and relatively debt free. We still do the things we enjoy doing. A 50% savings rate would force us to make some serious changes.


Leave a Reply