Before we get into the nitty gritty of the Saving Rate for the Month of January, let’s review our Meetup on Antwerp last Saturday (February 4). We personally had a great time, we enjoyed the presentations, discussions and the great open atmosphere in the room. We had over 20 people show up for this event, some bloggers, some not, some for a second time, some new, some young, some “not so young anymore”. In short, it was a very fun very interesting day. Thank you everyone for attending and your inputs, it was awesome!
We are seriously looking forward to the next event and have a long list of ideas that we want to pass by you all for some feedback and inputs! So keep eye on your mail box (for those whom attended one of the last two events), this blog or that of Amber Tree Leaves.
Ok, back to the financial stuff again: The Savings Rate. January was again a “normal” month (after the really spectacular November and December months of last year) from a saving rate perspective. Let’s have a quick look at what happened:
- Regular (so one each) incomes from Mr. and Mrs. CF where deposited in the checking account;
- There was a surprise in crowdfunding income. One project actually went bankrupt (second issue out of 34 projects) but was bought out by another party! We suddenly got paid out the total remainig loan! Lovely, 7.5% interest on 13 months and full investment back. Bring on more of those! Total “income” (interest and principal payments) from crowdfunding was €355;
- No surprises on the living side of things. But we did finally get the bill for the roof replacement and repair work done in 2016. This was a rather “pleasant” surprise (for as far as a bill is pleasant), as it was a couple hundred lower than we expected and came in at just over €513 (it also helped that Mr. CF assisted to contractor in his work). No complaining at all!
- Other costs in the Living and Healthcare category included some sewage taxes (€109), quarterly water bill (€41) and insurance premiums (€182);
- Transport costs are increasing due to using our car again to get to work (company car is gone). Total costs for the month included about €336, which is primarily fuel (€112), road tax (€179) and insurance (€25);
- Grocery costs were lower than normal this month, as we are still partially living off the large shopping spree from last December. Total spend was about €266;
- The kid category was pretty stable too, not much more spend than the day care fees (net fees are about €950 – looking forward to Miss CF going to school by the end of this year, should cut the costs down to about 1/3rd or less!);
- Travel and Leisure included some activities with Miss CF (skating on a market square). We also had tons of birthdays in January, so lot’s of “free” entertainment (gifts, if any, are covered in the “other” category); and,
- Other items included a replacement charger for the our camera battery (€23) and a transformer (58) for the PS3 we brought back from Canada.
January Savings Rate
All the above boiled down to a savings rate of 55.8%, we are pretty happy with that, because this is about as good as it gets for us!
If you breakdown our expenses for the month, the distribution looks like this:
How was your Savings Rate for January? Where you happy with the results, if not, why?