I covered why you should(n’t) get a turnkey apartment, but what if you get one? The purchase of a turnkey apartment is a major decision that can save you a lot of time and headache if you keep these 9 tips into account (+ one extra at the end!). It are points I looked out for before I signed the sales agreement way back in June.
5. My monthly Savings Rate report: February 2020
Last Updated on March 3, 2020 by Mr. FightToFIRE
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.
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%.