Nothing much out of the ordinary here the Dividend Family Guy household except for saving 45% of my income. I still plan on saving more once my son gets a job this summer and pays for his car insurance. On top of that I will be dropping TV as soon as my contact expires in the summer. Worst case I will get sling TV for the family at $20/month but I hope to convince them hobbies are better.
Until then I will keep on saving as much as I can because in April I will be able to contribute to my 401k. Once that starts I have 9 months to sock away 18K to max it out (and to collect the employer match). They have yet to show me what funds are available but I am hoping for some low cost index fund choices.
The only change this month was further simplification of my categories. To simplify things (and match up to default categories in Mint), I combined groceries and eating out into one budget. So for the month I was $89 over which is from additional purchases to create a month supply of food in my basement.
I am already forecasting next month will be very similar. Once you have your costs under control it is much easier to predict cash flow you can then use to pay down debt (mortgage) or invest. I don't expect any major expenses until our big vacation in July.
Having consistent savings is definitely freeing up my time (and stress) so that I can focus on my kids other interesting things.
I still need to write about my purchases for the month and will get those out soon.
Dividend Family Guy