One of the most interesting sections of each personal finance blog I read, is the section where the blogger reveals their savings rate. I LOVE hearing about people like the Frugalwoods that are able to save 70+ percent of their income. It’s really motivated me to take a deep look into my spending habits to see what savings rate I could achieve. Hearing what other people have accomplished inspires me, so I’m hoping that I can add to it by documenting my own progress. You’ll see the same numbers here as you will in the Trojan Bank, but just with a little bit of extra analysis added.

 

2017 Percentage of Income Saved

 

 Month Total Savings Income % of Income Saved
 January 1,062 3,820  28%
 February 2,468 3,820 65%
 March
 April
 May
 June
 July
 August
 September
 October
 November
 December
 YTD     3,529     7,640  46%

 

2016 Percentage of Income Saved

 Month Total Savings Income % of Income Saved
 January 700 3,380  21%
 February 700 3,380 21%
 March 1,480 3,380  44%
 April  1,125 3,380  33%
 May 1,003 3,380 30%
 June 1,252 3,380 37%
 July 1,273 3,380 38%
 August 1,313 3,380 39%
 September 1,544 3,380 46%
 October 1,627 3,820 43%
 November 1,715 3,820 45%
 December 1,975 3,820 52%
 YTD     15,706     41,880  38%