As I did last year, I will try to aim for certain milestones on both a personal and financial level. I already looked ahead on what I want to achieve in 2021, so now it's time to put those numbers into concrete SMART milestones.
Last Updated on December 26, 2019 by Mr. FightToFIRE
I realized, as the year comes to a close, that I barely mentioned anything about my milestones. Especially the personal ones were left untouched -which isn’t good- for the majority of the year. Time to take a look at how I faired. I can already tell you, not great…
Lets start with the milestones that made excellent progress, my finances. Already early in the year I reached my target deposit of 12,500 EUR. That was a great start and up until the summer I was well underway to reach my Savings Rate target. Unfortunately -for the milestone- I moved together with my girlfriend to our own place. This change of address had quite the impact on my rate. It’s not like I’m not able to save anything anymore but it’s definitly a lot less.
The Savings Rate
My average Savings Rate for 2019 will come at about 57%, depending a bit on the final SR of December of course. Especially this last month saw a huge drop because of the somewhat unforeseen new trip to my GF’s home country that costs quite a bit in plane tickets (650 EUR x 2). I shifted the expense from November to December but I really can’t move it again.
This level isn’t, by all means, bad, but it’s still 15% to 20% off from what I originally envisioned in my milestones and my look ahead. I did manage to achieve at least twice an SR of 80% or higher. Thanks to the great year start I was able to invest in some good dividend stocks.
While I didn’t reach my Savings Rate milestone, my dividend stocks performed very well. I was able to reach and go beyond my target of 200 EUR in dividends. I reached an excellent 208.24 EUR. This makes me hopeful for the year to come.