It’s time for another monthly savings report to discuss how much money was saved.

If you recall back to last month’s closing statements, I alluded to my goal to save at least $6,000 this year, and I mentioned I’ll need to save an average of $536 per month for the remainder of 2019 to reach that target.

Well, this month’s savings certainly made that target more achievable.

$791.64 Saved in April 2019 

In total, I saved $791.64 since the beginning of April 2019.  

April’s total is now the highest month for savings so far this year.

It will certainly go down as one of the largest contributors to reaching my goal to save $6,000 this year.

Approximately $400 of the savings was a result jobbing, while the additional savings was a result of a small tax return.

$1,967.03 Saved in 2019

I’ve managed to save nearly $2,000 during the first for months of 2019.

It’s a step in the right direction, but I’ll still need to save $4,032.97 more to reach my goal. This works out to $504 per month, which is down by $32 compared to last month.

If things stay the same, this can definitely be achieved. However, I may end up switching jobs in the near future, and that could impact my savings.

How a Possible Job Change Could Impact Savings

I don’t want to get too ahead of myself—it’s not for sure yet.

But I’m in the midst of a possible career change. 

The role is for a respectable employer and would pay more per hour. However, it offers less guaranteed hours. 

Overall, I think the opportunity is too good to pass up. I get paid more for my time and have more freedom to blog the way I want again. It gets me closer to a version of financial independence.

To put it bluntly, I would be able to discuss all my stock holdings and start offering services on the blog if I get this job.

I would cease to have the same limitations, which is one of the main reasons I’m interested. 

Perhaps I should’ve found a job like this instead of taking a year off in the first place.

Concluding Thoughts –Monthly Savings Report – April 2019 – $791.64

Although I have increased savings for the 4th month in a row, I am doubtful that I will be able to continue this trend in May.

First, I am writing this post while on a Via Train that is on its way to Montreal. I am planning to take a lot of photos and stuff my face with food over the next few days. This will cost money.

Second, there is the potential for a career change. Ideally, it will result in increased savings. But because there are less guaranteed hours, I may end up earning less during some pay periods. 

In summary, I saved $791.64 since the last report, and $1,967.03 in total this year. I’m off to a great start over the first 4 months, as I only need to save an average of $504 monthly for the remainder of the year to meet my 2019 target.

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I am not a licensed investment or tax adviser. All opinions are my own. This post contains advertisements by Google Adsense. This post also contains internal links and links to RTC social media accounts.

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