It was a good month!
We are now close to 18x our average expenses. That is up from 17x last month. That said, as you can see by the graph, we’ve been here before. We were seeing a steady 1.5% or so increase in our assets each month (give or take based on market fluctuations), but in May, we had a 2.5% increase. That’s great! There are several things that we can attribute the increase to. We continue with our regular automated contributions. We also were able to add some extra cash to our investments this month from excess that had been building in our checking accounts.
In addition we had a low spending month (less than $2,500), taking our rolling 12 month average monthly expenses down by $90. This is a big reminder that lowering your expenses is the fastest way to achieving financial independence. The increase in our savings plus the lowered expenses led us closer to our goal.
What did you spend on Mothers Day?
We could have had potentially higher expenses with the Mother’s Day holiday, but we didn’t. I read that the average person spends $170 for Mother’s Day. Why? Does an expensive gift really tell your mom how much you love and appreciate her?
We took the weekend and spent time with family. That is what this mom wanted – quality time with little EE where we weren’t running everywhere, paying only half attention to her, or scrambling to get things done around the house. We took a hike on a beautiful blue sky Sunday afternoon. It was the perfect Mother’s Day gift.
We wanted to spend time with our moms too, so we had a cook-out on Saturday, the day before. We had everyone come to the house, cooked out, and just enjoyed the beautiful day and company of family. Our moms were very happy with that because they got to see all their kids and grandkids together, kick back and relax.
Total cost for 3 moms that weekend – maybe $50 in extra groceries and drinks. It wasn’t about being cheap and not buying a gift. It was about what truly matters and is important to us and our moms – time…not material things. Just a thought for when the holidays come around again!
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