March was a really tumultuous month for me. I had lots of big changes at work (both good and bad), a much needed vacation in Victoria, and the ups and downs of the Easter weekend. It felt like a very intense month and like things went by really really fast. So I was really surprised at how well I did financially this month. I expected to do ok, but not as well as I did. Jordan and I came in under-budget on our shared expenses by a little over 10%. With that and some other savings I realized, I was able to save 22.5% of my take-home pay!! (after 10% deductions for my work pension plan) That is the highest savings rate I’ve had since I started tracking my savings! I am so proud of myself!! Especially when I think about the fact that I achieved this savings rate and took a trip this month. March was a very good month financially.
Here’s how my savings broke down:
- RRSP – 9.4%
- Paris Trip – 1.9%
- Wedding – 11.2%
- Total: 22.5%
Being that it’s the end of March, it’s also the end of the first quarter of the year and time for me to review the goals I set for myself.
Personal finance goals:
Finish my emergency fund– Done! Boost retirement savings (after automatic pension deductions) to 5% of my income– Done and then some! This month was 9.4% of my take-home pay, for a total of 23.2% of my gross pay being put into retirement savings (personal and work pension plan). Start saving for our wedding– Done! When you factor in all the generous contributions our family is making towards our wedding, we have more than half the money we need in the bank. That Jordan and I will stay on budget for our shared expenses– We have been doing so well at this. We’ve actually come in under-budget most months. I love that I’ve got him on the frugal bandwagon too!
- Complete three database mini courses from Stanford Lagunita Online – Not so much. I got one done though, so that’s something.
Write at least two blog posts per month– Done and done. Having this as a goal that I’ve shared here has actually made me much more motivated to write regularly. Complete my social work practice review and goal setting for the year– Done.
- Read Becoming an Ally by Anne Bishop – I’ve read the first 2 chapters. It’s a start.
How was your March and first quarter? Any updates you’d like to share?