April was amazing! From both an income and expenses point of view, I was able to achieve my best result in months. The Belgian government played a huge part in this. Of course, cutting expenses helped a lot as well giving us this splendid SR. Or am I cheating a bit?
2021 really kicked into high gear this month. While we didn’t go on holiday due to Corona, we did make rather large expenses for something life-changing. I’m talking about the baby of course.
In February I made two large purchases for her arrival. We bought the stroller and the car seat. Especially the car seat is not something you want to save on. Next to that, there was also the second payment for our new bed. 3 big expenses means a very low Savings Rate. I was really close to my first negative month.
Eventhough my income is now higher thanks to the on-call and my tax benefit for being married (and my wife not having an income), we were barely able to save 10 EUR. To call it a miracle might be an overstatement but it’s definitely nuts the Savings Rate is positive.
What did February mean income-wise? I got 3,411,94 EUR . This is purely salary, nothing more, nothing less.
No dividends this month.
Home management and ownership
Food and supplies
To see this category be so high was really surprising to me. I thought we really paid attention to our groceries. Nevertheless, we ended up spending 537.93 EUR. I mean, I saw the bills and see the food in our fridge but I’m still baffled.
One reason could be my wife that is eating for two. Another one is that we ended up going to Delhaize a couple of times, although that only accounts for 54.83 EUR. That means we still spend 545.99 EUR at Lidl and Colruyt.
The final reason I can think of is that we ended up buying in bulk After we officially moved to my grandmother’s house. 191.02 EUR was spent at Colruyt the week after we moved. I can only hope to see the bill a lot lower next month since we won’t have to buy stuff like wraps, milk, frozen veggies, bread, etc.
We also bought O’tacos (23.70 EUR) and Burger King (19.50 EUR) for the last time, as they aren’t available in our new town.
Finally, I snacked a bit here and there while on the road (19.69 EUR).
since groceries were so high, it shouldn’t come as a surprise to see the total for food and supplies at 600.82 EUR.
A category that will become a regular on my overviews as of May 😉
As mentioned in my baby list blog post, we bought a car seat (Maxi-Cosi Mica, 314 EUR) and a stroller (Smile 3 by Britax Römer, 598 EUR). Saying this was expensive is putting it mildly. I can’t complain though. We didn’t want to save money on safety and comfort.
Also, how expensive are baby clothes? Like, what the actual F*? 51.96 EUR for two pairs of tops and pants at Dreambaby. I’m really grateful a friend of my wife just had a baby girl as well and is going to send us her clothes. this will really save us a ton of money.
Just these three things set us back 963.96 EUR.
Medical bills (114.37 EUR) for the pregnancy and 40 EUR for the final 3 hours of career coaching were the expenses in this category. We spend 177.65 EUR in total. Of this, we should get a bit back. Part through my hospitalization plan from work and part from the NHS.
Electronics expenses in this category were unexpected. I forgot that I had to renew my Office 365 Family (69.30 EUR) Luckily I save 30% thanks to an Employer Benefits Program.
Far less unexpected were the flowers (65.95 EUR) and chocolate/marzipan (8.45 EUR) I bought for valentine.
Finally, I had my Spotify (9.99 EUR) and Patreon subscription (0.98 EUR).
All of the above cost us 154.67 EUR.
The rest of my expenses were relatively minimal with one a bit more special.
A quick summary:
- Banking – 24.27 EUR:
- Health insurance: 10.46 EUR
- DVV Family insurance: 15.72 EUR
- Cashback: +1.91 EUR
- Online businesses – 40.84 EUR:
- Bought a new domain for a personal business.
This is still in its infancy but I do plan to make it more concrete in the months to come.
No idea how and when, especially with a baby on the way, but it’s coming.
- Bought a new domain for a personal business.
All the expenses
- Home management and ownership
- Food and supplies
- Banking & insurance
- Online businesses
Summing it all up for a total expense of 3,398.84 EUR! yikes! I’m left with a measly 13.18 EUR which gives me a Savings Rate of 13.18 EUR/3,411.94 EUR = 0.39%!
Cross my heart and hope to die, I have no idea how I still managed to get even 1 EUR in green, but I did. I mean, I know I get more income now thanks to the marriage coefficient, but even then, with all the expenses I had this month, it’s pure dumb luck I was able to save 13 EUR.
17. My monthly Savings Rate report: February 2021