Wow, that went quick! It’s already time for the January 2018 Savings Rate update. Feels like it only just turned 2018?! Something with getting older I guess? Or was it just me?
Many folks, and primarily those in North America, always dread January. As many of the expenses from the holiday season are to be paid to the various credit card companies. Not here though! Credit Card charges were minimal, most expenses were already booked in December and we were still able to keep expenses in reign. In short, it was a pretty good month on the savings rate side of things.
Here is the usual short financial overview for the month:
- Mr. CF’s Salary + Mrs. CF’s salary – Business expenses for Mrs CF = good but below average income. Expense claim to be paid in February;
- The crowdfunding income was back to normal with €191 in deposits (combined interest and principle);
- Living and healthcare category was about average with a combined €1012. This includes costs for mortgage interest, home insurance, healthcare premiums, utilities and some minor home maintenance/up keep. Nothing special to report;
- Grocery costs were low this month with €311 in expenses. Because we did some major shopping’s in December, this month was bound to be low;
- The transport costs were below average with €265 spent. Expenses include fuel, insurance, road tax and ferry fees. A normal month with nothing special (very little cycling though!);
- The kid category was normal with €455. This month only included daycare expenses (including after-school care benefits). No other expenses this time around (who said kids were expensive?);
- Travel and Leisure was €109. Some expenses were already incurred in December, but were bumped into 2018. We went ice skating several times, visited a Monkey Town (no affiliate link, just to show what it is) and went swimming in a subtropical pool; and,
- The other category was about €127. Money was spend on the gym for Mrs. CF, going out to diner, cash and some quarterly banking expenses.
January 2018 Savings Rate
The savings rate for January were good once again (sorry if this is getting boring! In case it is, come back in May!). The end result for last month came in at 64.4%.
Here are the stats:
If you breakdown our expenses for the month, the distribution looks like this:
Forecast Coming Months
We had some more storm damage to our roof…. again. But because we are still awaiting some good weather to fix a few more things, this damage will be repaired at the same time. Fortunately. the roof is water tight even with a few tiles missing. Hoping to (finally) have this all fixed in February or March (weather permitting). But the bill will be much higher than the €1.200 for just the regular works to be done. Storm damage is a “bonus” expense. That being said, because our deductible is about €975. It’s actually cheaper to include this storm damage with the other works than call it in with the insurance company. So that is what we did.
Tax season is coming up in more ways than one. For us this includes property taxes, watermanagement taxes, sewage and water treatment fees and garbage removal. All of which will be coming around in the coming 2-5 months. The first payment is scheduled for March and is around €300 (water management fees = tax for embankment maintenance and such). The rest is still to be received.
We are also anticipating to have to pay taxes this year instead of getting a tax return. No deductibles this time around, so this is going to hurt!
How about you? How was you month in terms of savings and living life?