The horror! The pain! May was a brutal month from a Savings Rate perspective. It’s one of those months where all the bills come in at once. But whom am I kidding, we should still be happy with the results as we are still in the black this month. We probably still beat about 95% of the country too (completely pulled that stat out of my a$$). Gotten curious? Let’s have a look at the May 2017 Savings Rate!
For May 2017 we ended the month at a savings rate of 29.7%. Really not happy with these results, but you cannot win them all!
A financial overview of the month:
- We received our regular incomes and the holiday allowance for Mr CF (at 8.33% of gross income). Mrs CF gets hers paid every month in her salary. We also made a payment for Mrs. CF professional registration fees and costs for a business trip. Reimbursement is scheduled for June;
- The crowdfunding is now down to just €190 in deposits (we currently have had 4 out of 33 projects with some sort of issue, 2 resulted in a complete loss of payment other are delayed or paid off completely);
- Living and healthcare spending was insanely high this month due property taxes and waste/sewage fees (~€1000) and the bill for the new windows and associated works (~€1630). Other costs include a new Grohe tap and showerhead for the shower (both broke within just 3 years!) – cost €225. We decided to spend some extra money here in the hopes that it will last longer in our hard water area;
- The transport costs were above average with about €210. One fuel-up from the holiday was included here. Besides this charge, the overall fuel consumption was pretty low due to all the cycling to work in May;
- Grocery costs were above normal this month with a total of about €322. Not sure about the reasons actually, did not do anything special, albeit we did by lots of nuts, dates and figs at the market a couple weeks back;
- The kid category was again fairly stable, we paid for day-care fees (net fees are about €953) and some clothing again (kid is growing fast!);
- Travel and Leisure for this month was about €110. Had a few day trips and some charges from the holiday in Belgium; and,
- The other category was about €336 with some cash withdrawals, charges for the gym for Mrs CF, and costs for the reservation of the Meetup room in Utrecht!.
May 2017 Savings Rate
The savings rate for the month of May was thus 29.7%. The overall savings rate for YTD 2017 is now 57.5%, but we are trending towards losing the “Gold Badass Saver” status this way. Are we worried? Not really :-). We have no major plans for the rest of the year, albeit we are still awaiting the deductible for the work done of the roof earlier this year. This could be up to a €1000 bill (no news yet). We are planning for another vacation, which could be a bit more than the €642 we spend in Belgium. But let’s not get ahead of ourselves too much.
Fun fact for the month, the expenses in May were bigger than that for March and April COMBINED! The only reason why the Saving Rate is still pretty good is because of the Holiday allowance that was paid to Mr CF (in the Netherlands this is a mandatory 8% of income!).
Here are the stats:
If you breakdown our expenses for the month, the distribution looks like this:
How was your Savings Rate? Did you have a bad month too? Was it for similar reasons?