October 2018::Off target

Each month is an opportunity to be closer to financial independence::October 2018.

 

As expected, our October saving targets were off target by a huge margin due to a 2-week international trip which cost approximately Rs. 1,75,000 for travel, accommodation, food, and sightseeing.

In addition to the travel expenses, the equity markets continued to be in negative. Thus, the majority of our stocks and mutual funds saw a further decline in the valuation. Overall, the net worth declined around Rs. 5,000 from September. On a high level, this means we may need to extend our targeted retirement by 1 month. However, we will try to balance this deficit by increasing our saving in the months to come.

Forecast for next month

November is expected to be heavy on our pocket due to the festive season. We would travel to hometown, indulge in some festive shopping and buy gifts for parents.

Retirement corpus as on Nov 1st 2018 – Rs. 1,07,48,934

 

Previous month’s update: Sept 2018