December 2017 Savings Rate

What better than to close out 2017 with a bang. The December 2017 Savings Rate was another amazing one. But honestly speaking, I would have rather seen a lower rate. Let me explain.

December Finances

One of the reasons why the December 2017 savings rate is ridiculous again is…….. the crappy weather. We have moved the appointment to do roof work to January or even February 2018! Still no dry weather window when the roofing contractor has the ability to show up and do his work.

On top of this, we also had a storm in January = a lot of roof damage = we are at the bottom of the list :-(. In short, the €1.200 maintenance bill is still postponed until further notice. Just want to get my roof repaired so we can tackle some stuff on the in side. Sigh….

Financial Overview

Here is the usual short financial overview for the month:

  • Expense claim + Mr. CF’s Salary + Mrs. CF’s double salary (13th month payment) = insane income;
  • The crowdfunding income was well above normal with €270 in deposits (combined interest and principle). One project closed out and we received all our principle + outstanding interest = we have a winner!;
  • Living and healthcare category was about €672 in total. This includes costs for mortgage interest, home insurance, healthcare premiums, utilities and some minor home maintenance/up keep. This month was well below average in expenses; 
  • The transport costs were below average with €222 spent. Expenses include fuel, insurance, road tax and ferry fees. Because of the “short” month from a work perspective ;
  • Grocery costs were a record high this month. Something to do with buying beer and other large groceries to start 2018 well stocked. Closed the month with €439 in expenses;
  • The kid category was €1.008, which is consisting of after school care (4 days per week, including benefits), a new large organic matrass (got a nice 50% off deal online) and covers. Miss CF changed from her infant/toddle bed (130cm long) to a full sized bed (210cm long) in December. She’s a big girl now ;-);
  • Travel and Leisure was €26. We decided to skip the Christmas “holiday abroad” and use the funds next year. However, we did some leisure events including ice skating, Monkey Town visit and a few other outings (most of them free or paid for by grandparents); and,
  • The other category was about €192. Money was spend on some cloths, gifts and the gym for Mrs. CF, cash and some expenses for the meetup in Gouda on the 30th of December.

December 2017 Savings Rate 

The savings rate for December was amazing with a final tally of 77.5%! The overall 2017 savings rate is now 66.0% at total expenses of €35.552 (you do the math). We are officially a badass gold saver for a second year in a row. Booya! 😉 

Here are the stats:

December 2017 Savings Rate - Overview

December 2017 Savings Rate – Overview

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

November 2017 Savings Rate - Expenses

November 2017 Savings Rate – Expenses

Forecast 2018

The year of 2018 is going to be one of change, and lots of it. We will be going on a 2 month road trip to southern Europe in the spring. It might look something like this (but it might also change depending on how we feel and what we like along the way):

Mr. CF will quit his job officially around the 1st of May and will become a stay at home dad (amongst others). Which will make a massive dent on the income side of things. The after school care costs should therefore reduce, but the utility costs will rise somewhat.

The plan is to have a savings rate next year in the order of 25-30%. Which is very low for us, but still pretty darn good on one and a third income + a major holiday. Curious to see what the year will bring, but primarily lots of fun I hope!

How about you? What’s the plan for 2018?

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25 comments

  1. Rocking it on the savings rate for 2017! And congratz on the planned Stay-at-home-dad! I am curious to see how that will go. I hope it will be perma-FIRE, not just a trial!

    The road trip looks to be great fun. Feel free to ask questions on Croatia…We had a great 2 weeks there.

    1. She’s 4, and that’s the whole reason for the big trip. Otherwise we have to wait for 14 more years (or win the lottery) before we can do another trip like this.

  2. As all the readers, I cannot easily digest this 77% on savings rate. Well, on the other side, it is the last time for you with 13 salary.

    Question: you informed the company that you intend to retire?. How worked?. And I want to encurage you: since my husband works from home the utilities raised very little, around 5-10%, some utilities, nothing visible because we found a good offer to change the provider of electricity and reduce 20%.
    The water consumption raised since my husband started to prepare another marathon 😀 😀 😀

    1. Q1: nope not yet. Will let them know in about a month or two.
      Q2: no idea, but they are already planning for a replacement considering I will be going on a 10 week total leave. That person will be permanent I guess.

      Thanks for the feedback on the utilities!

  3. Terific results, and even better plans!
    And I wouldn’t worry about the savingrate ’18, especially due to the sabbatical effects. The main reson to be FIRE is to have freedom, which is exactly what a sabbatical is about. So it’s a glimpse into the future. Good on you! 😀

    1. Wise words as always from you Joost. I’m actually just glad that we will still be able to save even with a road trip and one income less!
      P.s thanks for the lunch again yesterday, it was great fun hanging out with you guys. Next time at our place?

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