(Updated: 03.05.2015) I started tracking my income and expenses in the beginning on 2014. However as I almost always use debit card I tracked my earnings and spendings back to the beginning of 2013. The following graph shows my long term savings rate. I am not using monthly savings rate as I can fluctuate month to month due to some bigger expenses and irregular income.
The following table shows a summary of my long term savings rate on different periods.
| Period | Savings rate |
|---|---|
| 2013 | 68.96% |
| 2014 | 44.20% |
| 2015 | 69.80% |
| Total | 57.79% |
Savings rate can be calculated as follows:
Savings Rate = (Income-Expenses)/Income
At the moment I try to have savings rate at least 50% as this means that every year I save at least 1 year of expenses. If you wonder if my savings rate for 2014 is under 50%, in the spring of 2014 I bought an apartment and had to put some money for a down payment and there were also other expenses and taxes included.
Investor Taavi 
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