The kitchen project is in full swing. Nothing really has been done yet, but we’ve got a lot of the items purchased that we’ll need. My primary goal up to this point has been to purchase everything since procuring items hasn’t exactly been easy lately. Starting in June, we’ll start tearing the kitchen apart and trying to schedule as much work as we can over the following couple months so that we don’t try to do too much at one time.
Fortunately, the amount we’re saving month-to-month is increasing, even though our expenses for the time being are increasing. Granted the kitchen expenses are a short term increase in costs.
If you’re wondering what I use to record our numbers monthly, it’s Personal Capital. You can start using them too and we both get $20: https://pcap.rocks/adam4058
How did this affect us?
Quite a few expenses this month, but overall, short term until the kitchen is done. I think the majority of the kitchen costs are behind us now, but will still have a few more coming over June and July.
- $2932 – Washer, dryer, and dishwasher
- $2306 – Refrigerator
- $2650 – Countertop deposit
- $400 – Kitchen sink
- $279 – Lighting
- $213 – Trimmer/blower
- $214 – Exhaust fan
The Money Related Numbers
50.15% to target number (previously 49.22%)
This is our invested assets/target number. Our invested assets span across a variety of investment vehicles such as 401k, HSA, IRA, Roth IRA, ESPP (Employee Stock Purchase Program) and standard taxable mutual funds.
86 months (previously 87)
The number of months until my 45th birthday and our finish date.
54.91 months (previously 56.10)
The number of expected months until we reach our target number based on our current expected monthly contributions, assuming a 10% annual return.
The Expense Related Numbers
10.01 times annual spending (previously 11.47)
This is how many multiples of our annual spending we have saved up towards our goal. For example, if this value was 9.1 and we spent $10,000 annually, we would have $91,000 saved up.
40.03% to minimum FIRE (previously 45.89%)
The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.
19.96 times annual spending at goal number (previously 23.31)
We have a goal amount that we’d like to reach. Given our current annual spending, this is how many times our annual spending we’ll have saved when we reach our goal number.
How Much We Invested
4.64% Month to Month Change In How Much Saved (previously -0.68%)
This number shows the change in what we saved this month compared to the prior month in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program.
5.46% Month to Month Change in How Much Saved With Employer Contributions (previously 8.83%)
Same as the prior number, but with employer contributions counted.
-0.55% Month to Month Change in 6 Month Savings Average (previously -0.38%)
This number show the change in what we saved this month compared to the prior month, but on a 6 month rolling average. This helps to smooth out months over time and shows a more general trend.
1.10% of 6 Month Average Net Income Invested With Employer Contributions (previously 1.30%)
Same as the prior number, but with employer contributions counted.