1. The Numbers
Income this month: $12,192
Expenses this month: $6,493
Total debt: $250,329 → $240,557
Savings Rate: 47%
Liquidity: 0.53 months
2. Fragility Score
45% Fragility
Rating: Highly Fragile
3. What Improved
Maintained a solid stick-to-budget month and was able to save (and then apply to debt) quite a bit of money.
Paid off Discover credit card — that’s three credit cards down one to go!
Restaurant spend was $27 this month, so I’m quite proud of that.
4. What I Need to Improve
Just keep dialing in and maintaining stick-to-budget months.
Save more to increase liquidity.
5. What Phase I’m In
Still in the Stabilize phase. I have made a significant cut in my debt, but my liquidity still needs to be improved in order to improve my Fragility Score.
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.