April 2020 Spending and Net Worth Update

April 2020 Spending and Net Worth Update

Pre-tax Savings Rate: 38.7% For details on savings rate calculations and budget category breakdowns, see my Guide to Net Worth Updates. Unexpectedly, we had a very nice savings rate this month, but the cause is nothing to celebrate about: it’s due to the CERB government bail-out. My spreadsheet only removes taxes deducted at source, but we’ll have to pay approximately $1400 in taxes on the bail-out, so the true after-tax savings rate is around 22.6%. Income (+55.62%) This is not the type of income graph I thought I would be posting on this blog. While I am a big proponent…