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My monthly Savings Rate report: October 2019

Last Updated on January 13, 2020 by Mr. FightToFIRE

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

With this series I want to highlight my monthly effort to reach the highest possible Savings Rate. I provide a detailed account on how the month was both in terms of income and expenses that explains my reached Savings Rate. I will restart the series every year so I have two more left after this for 2019.
Please let me know if you like this format or if you’d do it differently.


On the income side of things, it’s a very basic month. I only have my regular income from my day job. Ah, and I also found 5 euro on the street! That makes it a bit more atypical.

The euros received this month are 2819.92 + 77.07, and with the 5 euro found, I received a total of 2,901.99 EUR. What this figure hides is the slight shift in my salary.
I don’t have my 1st class train subscription anymore. I also lost the bike remuneration that I got from biking to and from the train station when I was still living at my parents. The “loss” of the 1st class sorta makes up for it. If you would look back at my income for this year (which I’ll be doing at the end of the year!) you likely won’t see a major change.

This level of income will unfortunately end in December. The last two months of this year will be the end of my 2800 – 2900 EUR net income, at least from my employer. As of January 2020 about 320 EUR will go to my salary car.


My expenses were higher than expected yet again. In part due to extra purchases related to our home (417.01 EUR). Also food (355.76 EUR) and luxury (293.37 EUR) took a piece.


The extra utilities are those things that you don’t realize you are missing till you need them: a garbage bin for the green waste, a can opener, scissors, and potato masher. Of course, the monthly rent of 322.50 EUR takes a decent chunk. The result is 417.01 EUR.

Food and groceries

This isn’t that bad because I’ve stopped purchasing snacks after work at the expensive in-station-grocery store. Of course, groceries for two is more expensive than for just me, so that came in at 233.84 EUR. The still high small snacks are actually because I still had my wallet containing more than 60 EUR which in reality isn’t the case so straightened that by substracting 40 EUR. I know I spend the cash on that kind of snacks but I don’t remember what exactly. The final total for food and groceries thus ends at 355.76 EUR.


In the luxury department, the biggest expense was the hotel for our new year’s trip to Turkey. This was an idea of my girlfriend. Spending the new year and watching the firework in Istanbul. It also serves as our first anniversary celebration. The 232.07 EUR is my part of the hotel.
The other expenses such as entertainment are two cinema nights. The subscription fee contains three subscriptions: BasicFit (shared with gf), Patreon (which I cancelled), and Spotify. this month I also had a consumer magazine that I forgot to cancel after the free two-month trial. I ended up spending 10.29 EUR on it. The actual expenses were higher but I also substracted the cashback I get from my Visa credit card. All of that combined, plus the presents, gives me a total luxury expense of 293.37 EUR.

Savings Rate October 2019
My Income and Expenses for October 2019.

Unfortunately, I’ still not able to get back to my 70% let alone 75% savings rate. It’s a bit better than last months but definitly not as good as I wanted it to be. My hope is that I can at least get above 60% on average (where it is now ~59%).

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
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