Let’s call this post PKamp3’s financial confessions!
In response to a Dollar Challenge by fellow Personal Finance writer Corey at 20’s Finances, we’ve decided to give all of you curious folks out there in the Internet a view of your humble host’s finances. This is a great idea – some of you put a lot of stock in what we say here, but if our ratios are out of whack why should you believe us when we make suggestions on what to do with your money? Since this challenge went out to other PF writers, it’s also a decent opportunity to see how we compare to other writers around the web.
As a condition of the challenge, all numbers included in this post are post-tax (For the record, more goes to tax than savings. Thanks California!). Without further ado, here are our non-GAAP 1st quarter finances, audited by the firm of DQYDJ.net.
And a chart for readability. (Numbers are ‘per dollar’ spending, post-tax. Read: percentage)
Health and fitness is low not because I skip the gym, but because the gym is a work perk. Auto & Transport is high because my car was twice broken into… and in a convertible that means you need a new roof.
Why The First Quarter?
The last 2 quarters of the year have seen a house purchase and massive spending on home improvement. Oh yeah, I also got married in August. Those were not typical quarters in the PKamp3 household. Savings dropped below 8%, and Home is above 50%, mostly at the expense of Auto & Transport, Savings, and Shopping.
At least my car is safer, right?