August was a bit of a “mess” from a Savings Rate perspective, but this was far from a bad thing. Let us explain:
- We finally received the final tax refund for Mr. CF, which came in at just above €2000! Yeah, nice extra income.
- Other income was normal and we even got all expense claims paid on time, lovely.
- Now that Miss CF started daycare again, we also reapplied for the daycare benefits, and we got the payment for both August and September in once go: €640 in reduced expenses
- We also received (finally) the deposit for our previous rental back on our account: €1770 in reduced expenses for the “living category” (we had previously entered this as an expense in 2015)
- We got a €400 bill for assessments completed on our two new rentals (these are mandatory if you want to rent units and include the so called “energy index” and point score = maximum rental price)
- We had the first fill month of interest charges on the mortgage (at around €820).
- We received a refund of €515 on our gas and electricity bill of the previous home we were living in. This is very welcome obviously, but it also meant that we overpaid for the last year and had higher out of pocket expenses than we should. We will try to do this better in our new home, which should be possible as we now have remote meters that are downloaded every two months. Should be albe to lower the cashflow costs a bit this way.
- We bought some new tires and tubes for the road bike and our regular commuting bike for Mrs. CF (the valve snapped off: loud bang and scared the crap out of Miss CF, whom was riding on the back) at €85.
- Sold various items on Marktplaats (local ebay, kijiji, etc.) and cashed about €90.
All other expenses were pretty normal (e.g. food, utilities, insurance, car, etc.), so no surprises here. But due to all the significant transfers in and out of the checking account, the Savings Rate for August is a bit strange. According to the numbers we had negative expenses in the Living and Healthcare category (caused by the refund of the rental deposit). But we ended up with a savings rate of nearly 87.6%, which is really good! It nicely compensates the savings rate of July, which was only 32.0% (corrected from 39.6% due to a charge that had a shift in settlement date from August into July). The very good news is that our yearly overall SR is now back over 55% again! See below for the various graphs.
How was your August? Got hit by holiday expenses, or did you also receive final tax refunds?