Where does the money go?
Like most people, I dream of a magical time when I am blessed with a passive monthly income that allows me to spend approximately zero amount of time working. Like most people again, I have done absolutely nothing to make this happen. Well, except for one thing.
Starting from the 18th of June, 2013, I have kept track of more or less every ounce of currency leaving my pocket. That's exactly 1 year, 7 months, 28 days and, in case you're wondering, 2,315 entries in a spreadsheet.
The purpose, you might ask? Well, for one, I wanted to see how much money would need to flow my way before I could become free from work and I also thought this would paint a really interesting and objective picture of my spending habits.
Before you ask, allow me to clear up some of those categories:
- friends: money spent on friends and family i.e. gifts, drinks, etc.
- internet: hosting, domains, etc.
- people: donations, charity, etc.
- supplies: things that you run out of i.e. soap, detergent, etc.
It's interesting to note that although 59.6% of my entries fall in the food category, they only account for 18.5% of my spending. It's also interesting that I have spent more money on internet items than on the people around me. I must really not like people as much as I thought.
Now as much as I'd like my private data to be publicly available on the internet, I took the liberty of converting the numbers below from my local currency to SheepCoin®™ at the rate set forth by the Wooolsey-Mutton Federal Bank.
Since these charts are quite cramped, you might want to check out the full page version as well.
It's interesting how events in my life such as changing home and buying musical instruments ('13-10), buying a new bike ('14-03) and traveling ('14-12) account for the biggest of my spending spikes. The drops usually coincide with the times I spent visiting my parents.
The categories are toggleable on this last chart. Not much to say about this one, except for the fact that I seem to be spending progressively more money on food and drinks. Hurray for inflation?