Each month is an opportunity to be closer to financial independence::February 2019.
Finally, a month where everything went as per the plan(or even beyond).
- Received quarterly interest(Rs. 1,399) from one of the FDs.
- Received dividends(Rs. 2,468) from 3 stocks.
- Converted our airline miles into Flipkart vouchers(Rs. 4,000) and used them.
- Total expenses were ~17% of the earnings. It was better than our expectation of 20%.
- A slight recovery in equity markets improved our portfolio valuation by ~Rs. 26K.
- Travel and medical expenses were negligible.
Below is the pie-chart depicting category wise expenses:
- Essentials – spends on groceries, grooming, EMI(it was the last installment).
- Commute – petrol, metro card recharge, scooter service, uber
- Entertainment – dining-out
- Non-recurring – a kitchen appliance for frequent use
- Others – a gift for a friend’s newborn
We invested our savings in FDs, Stocks and mutual funds.
Forecast for next month
We have travel plans during Holi but don’t expect any major spends. The equity markets are bullish in March so far. If the trend continues, we hope to improve our equity valuation by Rs. 50,000. However, we will be paying a significant amount of self-assessment tax as per our liabilities of the current financial year. Overall, the target is to limit expenses to 30% of the earnings.
Retirement corpus as on March 1st 2019 – Rs. 1,17,95,019
Previous month’s update: January 2019
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