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?
Last Updated on April 10, 2021 by Mr. FightToFIRE
March turned out to be a good month for my Savings Rate. While on the expenses side I spend a lot on the home and ownership part and again on food, I also received a nice extra on the income side thanks to evening deployments for work. I ended up doing a bit of work between 1 am and 3 am.
The extra income I got from this was €271.37. And that is for just a couple of hours. It makes me all the more annoyed that all the work I did during the last quarter of 2020 was for free because I was too late with registering it. But it is what it is, can’t do anything about it now.
It was an awesome month for my income. I earned 3,683.31 EUR from my day job thanks to €271.37 from nightly work as mentioned earlier. On top of that, I received three weeks of On-callI’m not on-call.
The situation for my wife hasn’t changed yet. No job, so no income. At the moment, everything is covered by one salary and thus we receive the marriage quotient.
I received my second batch of dividends for 2021 this month:
- 03/30/21 – USDV: €21.73
- 03/31/21 – NVDA: €2.05
Combining everything gives me €23.78 for March. I don’t expect any dividend income in April but like every year (well besides 2020), May should be a good one.
Home management and ownership
Food and supplies
Next up are the groceries done in March. We ended up spending a lot more on groceries than expected, again. Though 541.38 EUR for 2 is again a bit better than last month but still relatively high.
I plan on making an excel comparing Lidl and Colruyt to see what costs most where to get an explanation for the increased food bill.
“Eating out” was €23.60 at Pizza Hut for my wife’s birthday and €34.80 on Uber Eats as part of our once per month “eating out” date. Lastly, I spend €15.48 on some quick bits while driving and going places.
The total food bill for March was €615.26.
In March I spend a surprising amount of money on gifts (€95.09). €20 was for the birth of a colleague’s daughter, and 75.09 was for my wife’s birthday. Next to that, I also renewed my Google One subscription and paid €11.02 in Patreon support bringing the total for Luxury to €126.10.
Medical bills (97.70 EUR) for the pregnancy, a universal 25 to 28cm lid (€20.56), and Parking (€8.85) were the expenses in this category. We spend 127.13 EUR in total.
The rest of my expenses were limited which of course explains the higher Savings Rate for March. Heck for kids stuff we got our cash back resulting in a positive amount for that category :)!
A quick summary:
- Banking – 59.16 EUR:
- Health insurance: 64.46 EUR
- DVV Family insurance: 7.48 EUR
- Cashback: +12.78 EUR
- Yearly Beobank Visa fee: 5 EUR
- Kids – +30 EUR:
- Cashback from Chicco for the Next2Me Air.
All the expenses
- Home management and ownership
- Food and supplies
- Online businesses
- City & government
- Banking & insurance
Thanks to limited spending I ‘only’ spend €1,705.52. this leaves me with €1977.79 which gives me a Savings Rate of €1,977.79/€3,683.31 = 53.70%.
That’s really amazing if I say so myself. Especially with a baby on the way and the extra expenses that come with it. I don’t expect big expenses as a result of the pregnancy either as, all expenses two months before, and 3 months after the delivery are covered by my employer’s health insurance. This will really save me a ton in extras that aren’t covered by my national health insurance.
18. My monthly Savings Rate report: March 2021