Latest Savings Rate (SR): December 2019
If you wish to reach FIRE at a certain date, you have to keep a close watch on your monthly Savings Rates (SR).
This page does exactly that. Here you can find a monthly overview of my SR per month and year. For completeness sake, I started in January 2018.
My MO for my Savings Rate
My SR-graph will get updated at the end of every month. These updates will be fairly short and follow the same pattern as much as possible:
- I use YNAB4 to generate a detailed overview of all my income and expenses for each month in a clean table.
- From this table, I make a collapsed and summarized screenshot that I then upload to this page.
- In the sidebar, the SR of that month will be shown. It also links back to this page.
Since a picture says more than a thousands words, you can find the details of each month starting with October 2018 right below the SR-graph.
In case of large outliers or one-time income or expenses, I will give a bit of context with the image.
My Savings Rates
Savings Rate History
All time average Savings Rate: 65.85%
2019 Average Savings Rate: 54,93%
The average SR shown above is based on the entire year. 2019 is the first year I have logged in full.
The third month of living together and things are settling down. Unfortunately I still had to swallow a big housing cost.
My income is was normal. Nothing new so I earned 2823 EUR.
My expenses were more stable besides some unforeseen expense related to housing, a 245 EUR unforeseen cost.
As you could have read in my most recent post about moving around and in into my rental apartment a lot of fun things happened. These fun things did come at a cost. It’s the second month this year where my savings rate is pretty horrid to look at, 32.78%.
My income is ok. Nothing new so I earned 2901.99 EUR.
On the expense side of things I kept it relatively decent but it’s still not close to 70%. As you can see in the overview, I lost 58 EUR on a traffic fine. Food cost a good 355.71 EUR and this is including the 50 EUR my girlfriend transferred for her part of the food (we agreed to 50/150). Under housing I have the rent but also still some extra’s for our home. This cost me 417.01 EUR.
Finally, I spend 293.37 EUR mainly on holidays. This is the hotel for our new years celebration in Turkey.
As you could have read in my most recent post about moving around and in into my rental appartment a lot of fun things happened. These fun things did come at a cost. It’s the second month this year where my savings rate is pretty horrid to look at, 32.78%.
As you can read in the post the majority is due to very high expenses at IKEA and the rental car. Including some smaller stuff for the apartment and the rent, the total housing costs come in at 1238.74 EUR. This is uncluding my gf share! Luckily my gf’s mom covered for most of the expenses of the car but even then Luxury expenses are 176.04 EUR.
Finally, a third big expense this month was groceries as I also bought some things for the family-in-law.
Too bad the income side of things didn’t improve, heck due to moving closer to the trainstation I lost my bike renumeration which was a solid 45 EUR per month. Because of that I earned 2812.91 EUR.
August was a decent month. Unfortunately I wasn’t able to make full use of it and stay above 75%, I got stuck at 72.11%. There were a few unforeseen expenses in the luxury category such as paying for half of the rental car for the time I will spend with my girlfriend’s parents. Other than that there wasn’t anything else besides tha I really need to cut back on the snacks I buy during the month. More than 100 EUR really is too much. That should get sliced in half and preferably be completely gone now that I’m going to live on my own.
At least my income was decent with an income of 2900 EUR.
What isn’t visible here is the transfer of the rental guarantee. It’s not an expense just a transfer from my debit account to a dedicated account afterall. Though it’s worth mentioning since it’s 3 months worth of rent or 395 EUR x 3 = 1785 EUR that is blocked for the next 1 year and 8 months.
July was a fun but above average expensive. This is of course in large part due to my Italy trip,. you aren’t going to hear me complain but the fact remains that I unfortunately wasn’t able to maintain a SR of at least 50% let alone 75%. The 48.28% SR is because of my income that was the normal 2852.62 EUR + some dividend I withdrew of 39.77 EUR but the higher expenses where 1475.30 EUR.
you will find a detailed overview of my expenses in Italy in a separate post later but in total I spend 757.06 EUR on this trip. Although 102.58 was for cloths that I bought upfront. I count them as the holiday expenses because I wouldn’t have got them if it were not for the tirp. At least I got 40% discount because of the sales. Hooray for sales!
Important to note on the expense side is that I already bought tickets for new years to celebrate one year together in Turkey. These cost me 337,98 EUR. Without those I would actually sit at 60.13%. But ok, that’s playing with numbers.
June was an interesting month. Just like April, I received double pay. This time it was my holiday pay which is 92% of my gross salary. As a result, my income was 4696.17 EUR. Together with that, I withdrew a bit of (dividend) cash from my tradings account. As I counted transfers to my trading accounts as expenses I now have them as income on the expenses side in YNAB. This results in my expenses being a bit lower at 785.29 EUR.
I spend a bit more on groceries (152.38 EUR) as I made dinner with dessert multiple times for my girlfriend while she was studying for her exams. Besides that, I also did a little extra because we were 6 months together (Presents: 147.70 EUR). That is why the luxury category is higher this month. Finally, I bought new running shoes because my old ones were really worn out and were even starting to cause blisters. I got myself a pair of Asics DynaFlyte 3 (160 EUR).
Phew, finally a really “normal” month. Besides some a bigger expense I made for discounted cinema tickets (102 EUR) everything else is the basic stuff like groceries a few times, a gift for my girlfriend, and some smaller snacks and alike during the weekend with my girlfriend. In total, I spend 653.55 EUR.
As far as my income goes, my only source was my employer who deposited 2853.74 EUR on my checking account.
Compared to the previous two months, April was more normal when it comes to expenses. I had a few unforeseen expenses which were medical related but with a similar root cause, a viral infection. One was to my right eye and then my gut. Though this is covered by the my profit participation that I received.
Thanks to this additional income through my employer, This month’s salary was a solid 5,616.98 UR.
As mentioned, on the expenses side, April was a more normal, though still high, month because some higher expenses for my doctor visits and a weekend trip to The Hague with my gf. I spend 977.12 EUR.
March is not completely over but I have no expenses planned for the last two days so without further ado I give you my SR of March!
This month’s income was only my day job income + a small extra for being on-call. It came in at 2797.58 EUR.
For my expenses, March was an expensive month due to the last expenses from my holiday in the Alps. I spend 1,057.64 EUR! As you can see in the image on the side, a big chunk comes from my yearly winter vacation (404.20 EUR). Another hefty sum comes from my registration for my blackbelt exam in a month and a half (126 EUR). Then, I have heavier fuel consumption because I drove a lot with the shared car to visit my GF and go places (114.97 EUR). Finally, my last “big” expense (that I will recuperate later) comes from my yearly dentist appointment where I had a starting cavity filled just in case (75 EUR).
These were my most noteworthy expenses and with my yearly winter holiday over, the next 9 months should be more in the 500 – 600 EUR range.
My February income was only my day job income + a small extra for being on-call. It came in at 2700.88 EUR.
For my expenses, February was a very expensive month. I spend 2464.24 EUR! This is the first time since I started this blog that I had such an “expensive” month. The majority comes from the paying of the invoice for my snowboard trip from 1 March till 10 March. It comes down to1095.01 EUR for the trip. This includes bus and hotel.
I had this planned about 5 to 6 months in advance so I knew it was coming, but having it visible like this, using the Savings Rate (SR) really shows that was barely able to save anything. What I didn’t plan as much, or rather didn’t realize would have such a big impact, was my new snowboard. At 764.45 EUR it took out a big chunk of SR as well. Of course, just like my first snowboard, I will use it for the next 10 years.
Other noteworthy expenses were a budget for the first infographic (103 EUR) of my bog and progress stats in 2018 (look forward to this 😉 ) and electronics (182.87 EUR) with the purchase of a new SSD (154.36 EUR) and the game CIV VI (28.51 EUR).
My income for January, 3,408.41 EUR, came from different sources this month. The majority is still from my salary but this salary actually has a few extras for this month.
roughly 865 EUR gross comes from a refund of my cafeteria plan. I choose additional return on my pension fund through my employer and this got paid out this month.
Additionally, in January I receive a tax-free 35 EUR “new year’s gift”.
Other income this month comes from my side hustle, the remaining interest of my closed Moneyou savings account, and I sold a pair of headphone for 150 EUR.
On the expenses side this month, 989.56 EUR, was more than normal but I expected this. A good chunk comes from celebrating new year’s with my GF, and getting some stuff I had planned to buy for a while but never got to. The online business part is for all the expenses related to hosting my site(s).
2018 Average Savings Rate: 76,766%
The average SR shown above is based on the entire year. While I only shared my detailed SR as of September 2018, you can still double check my average by taking the average of the monthly rates in the bar chart above.
As I mentioned in my looking ahead, my personal situation changed last month as I got a girlfriend. We went on various excursions which weren’t excessive but they do add up, especially due to the holiday period (Christmas and the New Year celebrations).
In terms of Income, December was a regular month. My income was only my salary: 2600.82 EUR.
When it comes to Expenses, December became a bit more expensive than first planned. The main large expenses were:
- 4 dates: 115,45 EUR
- Christmas sweater +1 regular: 45.89 EUR
- 1-year server: 160.54 EUR
Due to all the above-mentioned reasons, my total expenses ended up being 693.45 EUR.
In terms of Income, November was another special month. This time because of a side hustle that brought in € 450.00. Additionally, I got a bit extra salary resulting in a total income for November of €3073.65.
When it comes to Expenses, November wasn’t too special aside from a bit more “luxury” expenses and getting gas twice. The luxury expenses were: multiple smaller gifts for friends, and paying for a simple restaurant lunch. Overall I spend €454.88 this month.
In terms of Income, October was a special month thanks to the tax refund of € 312.94 I received.
When it comes to Expenses, I had a calm month. I did spend € 102 on cinema tickets (part of Luxury) I can purchase in bulk and with a discount through my employer.
My income for September, 2612.40 EUR, was mainly from my main job with some pocket money from helping my grandmother. The euro and a bit are from my credit card’s cashback.
The expenses this month, 369.77 EUR, were kept to a minimum with groceries taking up the most part.
The online business part is for all the expenses related to hosting my site(s).