A new month, a new Saving Rate overview! We’ve now already closed the 10th month of 2016. Time flies when your having fun! I’m actually secretly very curious how the total finances for 2016 are going to look. But let’s not get ahead of myself here.
October was another good month from a social perspective. We had a blast at the FIRED-UP meeting in Breda with fellow FIRE enthousiasts, which was awesome. Thanks again for everyone that attended, we are planning another one for January 2017, more details to follow this month (so keep an eye out for that).
As to the financial side of October, here is a quick overview:
- Incomes from both Mr and Mrs CF were normal, and we finally got the long awaited expense claim back;
- Income (principal and interest payments) from crowdfunding loans is now exceeding €155/month;
- We received full income from our two new rental properties and the commercial unit, adding a very nice €1400+ to our income (if you think this is nice, wait until you see next month….. details to follow);
- Living expenses were high this month due to the quarterly payments for insurances and some maintenance related expenses. We also had to pay sewage fees and property taxes that were incorrectly allocated during the sale of property to us (~€80);
- Groceries & grooming a bit below average at around €338;
- Transport costs were higher this month due to quarterly road tax (€179), fuel (€55) and insurance expenses;
- Costs for day-care and kid related expenses where slightly higher (~€1220, including benefits) due to an outstanding day care payment and the costs of the birthday gifts for Miss CF;
- The cost for the FIRED-UP meeting was €66 and is covered under the leisure section of the budget;
- Gifts came in at €32 this month (all experiences, no stuff);
- Finally, we Mr CF bought new winter cycling clothing, which came in at a whopping €205. But it is money well spend as the last two trips were very comfortable and I was not cold at all, a major win here!
The saving rate for October ended up being just below average due to various higher quarterly expenses and some expensive purchases like the cycle clothing. We ended the month with a nice savings rate of 53.1%. See below for the usual graphs. Considering the projected income and expenses, we should be albe to close out the year about 57-58%. That would be seriously nice!
How did you do this month? Any large expenses, or bonus incomes? Let us know how you did!!