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My monthly Savings Rate report: February 2020

Last Updated on March 3, 2020 by Mr. FightToFIRE

This page can contain affiliate partner links to products that I purchased this month.

This February update is finally a lighter one. The start is the end of my trip to my fiancee’s home country. After this, things have remained relatively calm beside the occasional date night. We saw “Little Women” for example. Unfortunately, my Savings Rate still isn’t above 50%.

While the month was calm, there is one thing that I’d like to mention. As I had a bacterial intestine infection end of January. I had to spend ~1500 EUR on medical bills in February.
I have sent the bills to my National Health Insurance but since the expenses were done outside of Europe it takes a lot longer to get a refund or decline for a refund. I need this response (which should be a decline) before I can get a refund of my expenses through my travel insurance.

My travel insurance confirmed that all expenses, including transaction costs, will get refunded within 7 days of receiving the decline and the original receipts. I expect this to happen in March, but since this a ratification I rather keep out the expenses than to screw up both February and March.


My income for February now reflects the salary car I choose end of last year as it’s subtracted from my salary. As a result, my total income for February is 2488.25 EUR. The on-call premium I usually get once a month, got substracted from the salary car amount I was due in January.


The major expense this month was, of course, the trip to my fiancees home country that ended the 9th. The remainder of the month was normal besides some an extra check and some pills for my stomach that is still sensitive.


My person category was now relatively tame compared to last month. The only real expense was paying for the translator and pay the wedding at city hall. Together with a medical check-up and some prescription drugs, I spend 111.917 EUR on my person.

Food and Supplies

Groceries remained stable for February at 230.53 EUR. This is a 2% drop compared to January. Besides some snacks, I spend a total of 274.04 EUR.

Savings Rate February 2020
My Income and Expenses for February 2020.


This was nothing special again.  All expenses combined puts housing at 339.11 EUR for the month.


What really pushed me below 50% SR this month were the expenses made during the trip to my GF’s home-country. I count all the expenses I made during these two weeks as “holiday” expenses which falls under luxury. Since her home-country is relatively cheap to live the expenses I made in the second part of the holiday were low. I only spend 447.19 EUR; This includes economy comfort seats btw.

The second biggest luxury expense in February, is surprisingly, electronics. I purchased three electronic items (I got a discount on Office 365 Home through my employer):

With all these expenses combined, I spend 700.74 EUR.

All the expenses

Like February was, in terms of personal finances, calmer. Some big expenses to come are:

  • Wedding bands
  • Wedding reception
  • (Maybe) an OLED tv

Anyhow, for this month, It all comes together for a cool 1506.88 EUR in expenses.

As I mentioned in my previous overview February was a bit more normal. I am almost back at 50% Savings Rate. The goal for the coming months is to get at least once 75%. Preferably in March of course. For this month I stranded on 981.87 EUR / 2488.75 EUR = 39.45%.

This was my second month of 2020 which cooled down quite a bit!

How was your second month of the year? Were you able to continue strong? Or did you have major costs like I had in January?

Please share your thoughts in the comments below!

I'm a developer for a major financial institution in Belgium that is present in over 40 countries. I have over 8 years of working experience in the development of customer applications focussing on all aspects of banking. This helped me gain a deep understanding of the inner workings of a commercial bank. All of this experience in both banking and life culminates in this blog about personal finance and my fight towards FIRE.

Monthly Savings Rate Reports
1. My monthly Savings Rate report: October 2019
2. My monthly Savings Rate report: November 2019
3. My monthly Savings Rate report: December 2019
4. My monthly Savings Rate report: January 2020
5. My monthly Savings Rate report: February 2020
6. My monthly Savings Rate report: March 2020
7. My monthly Savings Rate report: April 2020
8. My monthly Savings Rate report: May 2020
9. My monthly Savings Rate report: June 2020
10. My monthly Savings Rate report: July 2020
11. My monthly Savings Rate report: August 2020
12. My monthly Savings Rate report: September 2020
13. My monthly Savings Rate report: October 2020
14. My monthly Savings Rate report: November 2020
15. My monthly Savings Rate report: December 2020
16. My monthly Savings Rate report: January 2021
17. My monthly Savings Rate report: February 2021
18. My monthly Savings Rate report: March 2021
19. My monthly Savings Rate report: April 2021
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Amber Tree

Maybe not what you aimed at, still a very nice savings rate.

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