I’m happy to report no calculation errors this time around for the savings rate 😉 That being said, we did have another pretty good month on the savings side. We are therefore very happy to present to you the April 2017 Savings Rate.
For April 2017 we ended the month at a savings rate of 62.4%, pretty satisfied with this result (as we should be!). A financial overview of the month:
- We received our regular incomes and there were no major expense claim deposits;
- The crowdfunding was normal with just €200 in deposits (that being said, two more project appear to be in trouble and missed payments are starting to go up!);
- Living and healthcare spending was relatively high this month due sewage fees (€301). May is going to really painful as property taxes are due, and we are expecting the bill for the renovation works done on the windows (see below). But that last bill is one that I’ll be happy to see, as the result is a newly placed and well insulated window unit;
- The transport costs were below average about €136. Main reason is that I only worked half the month, so less fuel consumption. The car is coming up for major service in June or July (mental note, make an appointment….);
- Grocery costs were way above normal this month with a total of just about €365. The main reason of course is the holiday in Belgium;
- The kid category was again fairly stable, we paid for day-care fees (net fees are about €953) and some clothing;
- Travel and Leisure for this month was €57.5. The main bill for the holiday accommodation (€400) was already paid in February. We also had some spare cash we used for the holiday and some other charge shifted into May. Overall a low spend for actually being on holidays; and,
- The other category was about €139 with some cash withdrawals (which were subsequently used for the holiday), tools for our record player (actual vinyl records), some dining out and bank fees.
Learning a lot from our contractor. Windows are all in, extra insulation installed, siding replaced. One more day! pic.twitter.com/5EbbzjOppZ
— Cheesy Finance (@CheesyFinance) April 20, 2017
April 2017 Savings Rate
The savings rate for the month of April was thus 62.4%. The overall savings rates for 2017 is now 64.5%. That being said, expect a plunge in both the monthly and overall savings rate in May. Main reason, as also mentioned above, is several pending bills and stable income (perhaps except for the May vacation money payment for me).
If you breakdown our expenses for the month, the distribution looks like this:
How was your Savings Rate? Was it all pretty basic for you too, or did you have some interesting items?