Wow, the June 2017 Savings Rate is a complete turn around from a month ago. Low expenses and high income (we received a tax return, which is probably the last one we will ever get!) made this month a winner. We actually got the highest savings rate for the year, which was a bit unexpected but very welcome.
For June 2017 we ended the month at a savings rate of 75.7%. This is insanely good and primarily the results of a perfect storm of high income and low expenses.
A financial overview of the month:
- We received our regular incomes and the tax return for 2016. The anticipated expense claim got moved to July. We had no major business expense this month either;
- The crowdfunding income was €196 in deposits (combined interest and principle);
- Living and healthcare spending was very low this month with just over €700. No maintenance works, no taxes and no insurance payments, makes for a cheap month;
- The transport costs were well above average with over €300. The main reason was the maintenance on Mr. CF’s road bike, which got a new chain and cassette. Fuel was also low for the month (one fuel up only) due to the amount of cycling done;
- Grocery costs were just below normal this month with a total of about €290. Did well on frugal shopping I guess;
- The kid category was again fairly stable, we only paid for day-care fees (net fees are about €953);
- Travel and Leisure for this month was nil. We still had a lot of things going on (including the Meetup in Antwerp – costs are in the Other Category), but apparently this was not very expensive :-). We are however planning a weekend get away in July and another holiday in October if possible ; and,
- The other category was just under €70, guess we had nothing important to spend money on.
June 2017 Savings Rate
The savings rate for the month of June was thus 75.7%. Resulting in an overall savings rate for YTD 2017 of 61.1%.
Fun facts for the month, our Living and Healthcare expense for the month were a fifth compared to May. Primary is of course the absence of any maintenance items, taxes or insurance. Resulting in the daycare being the single largest expense for the month, at 40% of the total expenses. Just 3 months left before Miss CF goes to school, yay!
Here are the stats:
If you breakdown our expenses for the month, the distribution looks like this:
July won’t be nearly as good as June. The taxes return is one reason obviously, but we also received the bill for the roof repairs of the storm damage. The “damage” was actually €977 for one roof tile! Insane…..but accessibility was indeed an issue and the specific tile was very hard to reach. The car is also due for a large maintenance service, costing around €550-ish and includes a airco clean (gosh it smells). But more on this next month.
How about you, how was your month? Did you get a tax refund too, did it help your savings rate?