Before our move, we struggled for a long time with the question: "Can you put a price on a good night's sleep?". I think I have found the right price tag. After sleeping years on hand-me-downs, I believed it was about time to get something decent as we approach life with 3. But the prices brought me nightmares instead of blissful dreams.
Last Updated on May 3, 2020 by Mr. FightToFIRE
April was the prelude to a life-changing May (more details will follow soon 😉 ). Since quite a few preparations were being made in April, it’s only a given that some money was spent. Add to that the higher grocery expenses due to the corona measures and you can already guess that April wasn’t a cheap month. Luckily I received my profit participation which prevented me from going negative.
April’s income has two major components to it:
- My regular income for April at 2,650.45 EUR.
- Profit participation for the fiscal year 2019 at 2,726.98 EUR.
This translates to a total income of 5,413.43 EUR for April. Clearly quite a bit lower than last month 🙂 I doubt I’ll be able to top March, income-wise but I don’t think I can complain about April either. Though the coming month should be interesting as well since my employer gives a nice extra when your family situation changes ;).
Home and ownership
This is the same as last month. The interest is a bit more as it’s the first full month I borrowed the 45K. The interest for a full month is 54.90 EUR. Besides that, I really only have the rent (322.50 EUR), some flower pots and insect nets for the windows (96.10 EUR). The total cost of homeownership and renting comes down to 473.50 EUR.
All the expenses
I wouldn’t call April ‘calm’ as it was a preparatory month for May. I originally expected the wedding bands to be closer to 1000 EUR than 1500 EUR so I spend a bit more there. Besides the major expenses, I also made some “smaller” ones such as paying for my yearly Amazon Prime, finally giving in and getting the new YNAB, and paying my ‘zorgkas’ (it’s a Flemish thing) of 53 EUR.
May will see some extra expenses as well, but no rings, big party venue, or anything of similar magnitude at least. Anyhow, for this month, it all comes together to a solid 3,019.01 EUR in expenses.
It’s crazy to see how each month has been such an adventure. I don’t think I have had a calm month so far. Of course, I got “lucky” in March and even now in April. Thanks to additional income my expenses have been covered more than a bit. I hope they remain to be in the future.
Coming from an 87% Savings Rate in March I quickly dropped a few levels in April. It was fun to revisit such a high SR number after a long time, but unless I get another windfall this year, I doubt I’ll reach it again this year. For this month I landed on 2,394.42 EUR / 5,413.43 EUR = 44.23%. In other words, back below 50%. The main “culprit” isn’t hard to find: the wedding bands. Without these, I’d be well over 70%. But that’s water under the bridge. On to May!
7. My monthly Savings Rate report: April 2020