Saving for the future: January 2018

By | February 8, 2018

Author: Mr and Mrs DDU.

We are big believers in living below our means; spending less than we earn. We try to only spend money on what is essential or makes us happy. Nearly everything society spends money on is fleeting: food, holidays, a movie ticket etc. Most of it is forgotten about by the next day and we look to the next thing to keep us entertained.

Every month we track our income and expenses to see how much we’ve saved/not spent. This helps us see how we’re going, as well as motivate us to continue saving. Hopefully over time, our savings rate will increase allowing us to invest even more.

We want to show that even on a modest income, it is possible to save hard, invest and become financially independent. We post any articles about our money savings choices or habits here.

January 2018 Savings Update

Dividend Income: $40.87

Regular Income: $7,162

Blog Income: $129.09

Total Income: $7,332

Expenses: $4,560

Savings Rate: $2,772

Savings Percentage: 37.8%

During January we invested a net total of $3,070 of our savings into shares, which we will post about soon. We also added $1,717 of our savings towards our house fund, this amount includes interest but there’s hardly any so far.

We’re well into summer and loving life right now with Baby DDU.

Here are the changes compared to last year:

January 2017 rate: 37.8%

January 2018 rate: 37.8%

Improvement: 0%

January 2017 savings: $2,208

January 2018 savings: $2,772

Improvement: $564


Dividend Income – A little more this month, but doesn’t pay for a lot yet. Our dividends covered: 0.90% of our expenses.

Regular Income – This is the after-tax figure if you’re wondering. It is the combined figure of both our incomes plus any bank interest we have received. This amount also includes any government payment(s) we receive now that we have Baby DDU in our life.

Blog Income – We count this payment when we receive a Google Adsense payment into the bank account. We received $129.09 this month, thanks for reading our blog.


Here we go, non-regular expenses that happened this month:

Education – Mr DDU has to pay an annual subscription for his membership, which cost us $196.33.

Summer – We’ve been enjoying a lot of summer activities and that’s one of the main reasons why our expenses were higher this month.

Baby expenses – Turns out, babies are expensive. We stocked up on baby formula this month considering the shortages at the moment, which cost a few hundred.

Final thoughts

This is the first month our percentage rate hasn’t improved for a while, but at least we saved more as a dollar amount. This month was a very expensive one and our income was down a bit due to having a break, but next month should be great.

Thanks for reading this article about our financial journey Down Under.

Onwards and upwards!

4 thoughts on “Saving for the future: January 2018

  1. Miss Balance

    Very nice. I like that Jan 2017 and 2018 are the same percentage and you even managed to save a bit more $. Once you have a trend going it is easier to plan for the future. 37.8% is good and is better than Jan 2016 😊

  2. DividendFamilyGuy

    Still a solid month of savings DDU. I threw a bit of a celebration when I bought the last jar of baby food. Now I have only diapers left. Hopefully soon the training will start. I could use some summer about now. Hope you are enjoying it.

  3. Dividend Diplomats

    DDU –

    Great job staying at least consistent in % from prior year, which as you said – actually means more $$. Let’s see if you can get closer to the 40-50% range, you can do it!!!


  4. grogounet

    i like when we (fire ppl) get disappointed with almost 40% savings rate when the rest of the population lives in credit debts :-))
    keep up the good work and like the stories


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