6 thoughts on “Optimizing Inefficiencies In My Cash Flow”

  1. My first thought when I saw your original map was, ‘Dannnng, she’s gotta reduce those taxes!’ It’s very cool that making this helped you identify inefficiencies. For me, I realized I don’t have much of an emergency fund, and I’m OK with that.

    And omg, thank you for paying for transportation pre-tax. My husband mentioned that benefit at work once, and most of his co-workers were like, what is that? There are so many work benefits that people just aren’t aware of. But yeah, there’s no reason to be paying for commuting post-tax unless you don’t have a choice.

    Also, your rent is so low in comparison to your salary–nice job!

    1. Hi Luxe!

      Haha, I had the same thought when I first saw my taxes! My face was basically like this 😱

      That’s cool that you realized that you’re ok with not having much of an emergency fund. More money for you to invest or spend!

      I feel pretty embarrassed for not taking advantage of that work benefit earlier. Better late than never I suppose!

      Thanks! Renting out my parking spot has really helped out with reducing my rent. 😀

  2. That’s a good thing you went through your cash flow or else you have may not figured out how much taxes your paying because that’s a high percentage of taxes. And now that you have beefed up contributions to your 401K, the tax percentage is a bit less. Great job on find those inefficiencies and correct them.
    What I’m starting to do is when my checking account goes over $10K, I’ll transfer some of it into my high yield savings account and/or invest it.

    1. Thanks Kris. Yes, switching to a Traditional 401k and increasing my contributions really helped with lowering my taxes!

      That’s great that you’ve started doing that. I’m sure that will help with your savings and investments! 🙂

  3. I love seeing your money map! And dang girl your savings rate!! I’m still aspiring on that savings rate. I actually found the way you did your map really interesting! I feel like I always think of my “100%” salary as my 100% post tax salary and it causes all sorts of complications in the way I think about it. I think I’ve always turned to this method because I have no idea how to figure out how much I’m being taxed! D:

    1. Aww thanks Jing! Well, to be honest, my savings rate that month was a bit higher than other months since I didn’t travel or have any big purchases.

      I actually always thought about my salary that way too until I saw Luxe’s money map. Because that’s basically the real money you can spend. As for the tax percentage, I looked at my pay statement and used how much money was taken out for taxes to figure it out.

      Btw, your money map is so pretty!

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