February, the shortest month of the year, is already well behind us. The invasion of Russia into Ukraine this month is one of the history books. The only question is, how? Will reports say Russia won or, who knows, Ukraine?! And how will all of this impact the world, both humanitarian and economic? Against the backdrop of this hectic tragedy, I share my monthly expenses.
Let’s try to start with the positive. This month’s income streams are:
- Child allowance
- My wife’s share of the expenses (a bit extra!)
February Income — €3,829.44
Like every month end, I receive my salary. My salary received another bonus this month, on top of the tax benefit, by having my daughter as a dependant. My employer started implementing an Intellectual Property Ruling.
Basically, I get an additional €180 net thanks to tax optimizations. With the help of improved taxes, my net salary for February is €3,314,10.
Next up, child allowance: €169.79.
Per child, you receive government support through what’s called ‘kindergeld’ or child allowance.
They set this per child instead of going up for each child, like in the past.
It can increase depending on specific criteria, such as single-parent or special needs.
This might seem strange, but ‘my wife’s share’ means that we divide each other’s share through the amount our salaries contribute to the combined income for the expenses we share.
In our case, it’s a 39/61 split, with my wife covering 39%. This split changed after my wife’s promotion! She transferred €145.55.
You read that right. For the first time, I transferred some of my crypto.com profits! €200, to be exact.
I exchanged 500 CRO for BTC and then transferred €200 worth of BTC to my crypto.com Jade Green metal Visa debit card.
Not included: Dividends
I didn’t receive any dividends in February.
February Expenses — €1,959.77
Home management and ownership — €849.50
Another month, another down-payment, and interest payment for the apartment. €825.33 in principal and €312.56 in interest. But like always, I don’t subtract the principal payment from my savings rate.
This month’s largest expense besides the mortgage was, without a doubt, heating. My grandmother’s house still uses heating oil leaving us to order a certain amount of fuel and pay right then and there.
Since we will either do an upgrade of the heating if we stay or we just won’t be here anymore, ordering a lot served no purpose. We ended up getting 1000 l at a total cost of €857.80, which was divided in two.
Other expenses in this category included:
- A rail bar for our daughter so she can learn to stand up on her own (€15.99).
- Some furniture (€24.88)
- Small stuff (€54.08)
Food & supplies — €460.36
I was in genuine shock to see this category so high. But if you spend 114.88 on lunches for yourself and your partner, I guess it was to be expected. Especially the sandwiches we get at our local Delhaize add up.
Groceries were more reasonable (€296.98) although I don’t include what we pay with meal vouchers since we can only use them for food anyway. That said, we also had friends over for the first time in half a year, which makes this month reasonable.
The ‘Restaurants’ category (€48.50) expense is our monthly “date night” where we order takeout instead of cooking.
Kids — €223.79
For our daughter, we bought some new secondhand clothes (€225.04) as she keeps outgrowing them at a breakneck pace. Included in this month’s clothes are two dresses for her baptism that we will do in my wife’s home country.
Other than that, there isn’t much else. We bought some more wet wipes (€12.75), got refunded by the NHS for a doctor visit last month (€12.00), and got some money (€12.00) for a Philips bottle sterilizer we literally never used.
Luxury — €215.66
In last month’s report, I mentioned how we will fly business class coming April.
Nothing like that in February. At long last, a normal month.
Besides the usual monthly contributions such as Netflix and Spotify, we got an accumulation of annual subscriptions in the form of Microsoft Office 365 and Google One.
Perhaps one big change, there is a new monthly contribution: American Express Platinum!
Dit bericht op Instagram bekijken
American Express platinum holder
You read that right, I and my wife gave American Express Platinum a try. We know it’s extravagant, but the first year is half price and we will fly to South America again so we can use the crazy high medical coverage (3 million!).
Person — €200.70
for the first time since the birth of our girl, we don’t have any hospital bills -which reminds me to make a refund request to my health insurance- but something completely different.
We ordered 50 COVID-19 self-tests (€123.35). Traveling to South America means taking an 11-hour plane ride, at minimum, so when we arrive there, we want to test ourselves to protect my wife’s grandparents. Also, after the baptism of our daughter, we will hold a small gathering, so we want to give everyone who will attend a chance to do a test.
- Banking and insurance – €4.95
- Family insurance and cashback
- City taxes – €2.81
- My wife’s TOB declaration
- Transportation – €2.00
- Parking in the city center
All the expenses
With an income providing €3,829.44 and high expenses, €1,959.77, my remaining net income in February was just below 50%: €3829.44/€1,959.77 = 48.80%.
Honestly, the only reason it’s this high is that my wife sends her share of the expenses including the heating and of course the transfer of some of my crypto gains.