1. The Numbers
Income this month: $35,958
Expenses this month: $17,632
Total debt: $273,660 → $250,329
Savings Rate: 51%
Liquidity: 0.25 months
2. Fragility Score
46% Fragility
Rating: Highly Fragile
3. What Improved
Sold duplex, which removed $5,000+/mo obligation (though I had to catch up on payments first, which was about $10,000 of my expenses) and also made about $25,000 in short-term profit
Paid off Capital One and Chase credit cards
4. What I Need to Improve
Chose to miss a week of work since a family member passed; I don’t need to improve this, but my W2 income will improve in the coming months
Want to decrease my restaurant spending even more, to under $100 per month
5. What Phase I’m In
Still in Stabilize. I am reducing obligations, but liquidity remains thin.
Stability Play of the Month
01. Split Rent.
Living by yourself is overrated. Save thousands each year by splitting rent with a roommate or two!
02. Drive Used.
Own a reliable, older car outright. This can save you hundreds of dollars each month.
03. Eat In.
Know what’s better than a delicious meal in a restaurant? A much cheaper copy-cat version in your own home.
Stability Toolkit: Coming Soon
If you want the worksheet I use to calculate fragility and margin, download the Stability Toolkit here.