February 2018 Savings Rate

We had fun in Leuven and we will have some more fun in Utrecht later this year. But the “funny” thing is, these meetups are not even that expensive! The last one only set us back about €120 for the whole weekend, that’s including EVERYTHING. We were even with 3 people (Miss CF had to come along as we could not find a baby sitter for the whole weekend). Anyhow, it’s already March and therefore time for the February 2018 Savings Rate update.

February Finances

A good and bad thing happened in February. The good thing is that Mrs. CF got her annual bonus, and it was a lot of money. The downside is that her two month paid leave (which she was supposed to have gotten instead of the bonus) is cancelled. Something with “unfair toward other colleagues”, but it was already promised more than 18 months ago. Apparently that is not “unfair” towards Mrs. CF. Lesson learned here (again!), always get stuff in writing that is approved by ALL parties. NEVER accept anything that is verbally promised. Cheesy top tip!

Savings Rate Update
Savings Rate Update

Financial Overview

Here is the usual short financial overview for the month:

  • Mr. CF’s Salary + Mrs. CF’s Salary+ Bonus – Business expenses for Mrs CF = insane income! And we did not even get the expenses from January/February back yet;
  • The crowdfunding income was back to normal with €191 in deposits (combined interest and principle);
  • Living and healthcare category was low at a combined €574. This includes costs for mortgage interest, insurance premiums, healthcare premiums and utilities. Nothing special to report; 
  • Grocery costs were even lower than last month with only €287 in expenses. Still no new beer bought since december 2017, saves a lot ;-);
  • The transport costs were below average again with €234 spent. (couple days off and worked from home a few days). Expenses include fuel, insurance, road tax and ferry fees;
  • The kid category was normal with €455. This month only included daycare expenses (including after-school care benefits). No other expenses this time around (albeit new clothing is coming up);
  • Travel and Leisure was €131. This included some of the Leuven expenses and a new GPS map for the upcoming 9 week road trip. Remainder of the month was basically free leisure or family visits; and,
  • The other category was about €129. Money was spend on the gym for Mrs. CF, some new cloth for Mrs CF too (she is really tall and is having a hard time finding used cloths, go figure), plus some minor stuff.

February 2018 Savings Rate 

The savings rate for February was ridiculous! It will also be the highest for the remainder of the year, guaranteed. The end result for last month came in at 82.1%. No, there is no typo here. The bonus and very low expenses for the month are a winning concept.

Here are the stats:

February 2018 Savings Rate - Overview
February 2018 Savings Rate – Overview

If you breakdown our expenses for the month, the distribution looks like this:

February 2018 Savings Rate - Expenses
February 2018 Savings Rate – Expenses

Forecast Coming Months

You are not going to believe this, but tomorrow we should get our roof fixed (finally, it only took 4 months!) Not sure about the bill, as there are a couple items added to the scope of work. Probably will end up paying more than the originally agreed €1.200. Will take it, as long as those singles go back and are secured!

Still need to work on the taxes, finally got all documents in this weekend. Will be a job for next weekend or the one after that. Not looking forward to the final number as we will have to pay this year (the downside of owning a substantial sum of money).

We also got the bull for sewage, garbage removal and property tax for pretty much all rental properties and our own. Total costs are around €2.800; €300 payable in March, €2.500 payable in May, with more (water management) coming in later in the year. Some of these will end up under the investment costs for the real estate investments. That post is a bit delayed as we are working on interesting maintenance stuff at the moment and should have some updates to report next week.


How about you? How was your month in terms of savings and living life?


    1. Well, the bonus already paid for more than one month off and the other weeks are paid time off, so it’s not the end of the world. Just 5.5 working weeks left!! Wheeeeee 🙂

    1. Nope, not quite the highest ever, but close: third highest! But agreed, the coming months will not be very pretty, especially the one from June, as we will have one week of paid work and massive expenses due to travel. How low can you go 😉

  1. Ouch, the roof costs a lot, but then again it’s nice to have a solid roof above your head. These saving rates you guys are doing are insane, keep it up! I’m very curious about my own taxes, I’m no expert I really have no idea yet about my end number. Fingers crossed.


    1. Actually, we saved money with that roof work (believe it or not), because we could bundle regular maintenance with storm damage repair from earlier in the year. This saved us from having two separate campaigns. Savings are likely in the order of EUR300-400!

  2. That’s a bummer about the paid leave of Mrs. CF. But what an amazing savings rate..! When I started out a few years ago, I would never thought someone living in the NL could actually have this. And here you go.

    Also, not looking forward to taxes. Will probably be the first time for us to pay instead of receive.

    1. Welcome of the team that pays taxes! We must have done something good 😉
      Getting a high savings rate is “easy”, you just have to earn ridiculous amounts of money and not spend any 🙂

    1. He’s on the roof now! Hopefully we can get all stuff fixed, would be great. Albeit we just discussed lead strip replacements, which I know was coming, but that might be something we have to do another time.

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