2019 Q2 Budget

And a quick wrap-up of our 2019 Q2 Budget.

0Income

Income:

Our income was 5,9 kEUR. and was 0,2 kEUR higher than in 2018 Q2. My salary after latest increase stood at 4,2 kEUR which was 0,5 kEUR higher then 3,7 kEUR year before. However my wife income has slightly decreased from 1,7 kEUR to 1,5 kEUR due to maternity leave. 2019 Q2 Dividend income was also slightly lower.

Expenses:

Expenses were way higher then year before 6,9 kEUR. or +2 kEUR higher then year before. This increase mainly came from holiday expenses +1,35 kEUR, then there was also more expenses on transport in total 0,9 kEUR or +0,5 kEUR compared to year before and Home repair 0,4 kEUR or +0,2 kEUR due to payments for kitchen repair. Other expenses like Mortgage payment (0,6 kEUR), Utilities (0,5 kEUR), Food (1,6 kEUR), other expenses (1,2 kEUR) remained almost unchanged.

Our fixed expenses of Mortgage, Utilities, Food and Transport was 3,7 kEUR or 63% of our income. Rational level would be 50%. Well living in a large apartment, driving new car and eating whatever we like has its price 😦

Our flexible expenses on Holliday, Clothes, Home repair and other was 3,2 kEUR or 54% also way to high and should be around 30%. Yes there was holliday expenses that fallen into single quarter and annual digit will be different, also annual bonus increase the annual income on top, but still the expenses are way to high… of income is too low 😉

Saving:

Now as you can see the end result was negative landing to -1,0 kEUR more expenses than income or -17% from 5,9 kEUR. However our this years total result still remains positive 0,8 kEUR, but half year saving rate has dropped to only 5% and is way before Goal #1 to save 20% of income. Cash reserve has increased to 3,5 kEUR, but is doomed to decrease during next quarter, but about that is for next post.

On the other hand we have completed one of our goals for Y2019 and visited new country – Greece or Crete to be precise 🙂

Goal #7 Visit new country. Completed (Greece – Crete)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Powered by WordPress.com.

Up ↑

Engineer my Freedom

Financial freedom from Dividend Growth Investing

Išmok investuoti lėtai ir protingai

Our journey to financial independence

Polliesdividend

Dutch Dividend Engineer

European Dividend Growth Investor

Compounding into freedom - A European perspective

Dividend Compounder

Accumulating Wealth, Slowly But Surely

Broke Investor

My Journey to Financial Independence

www.honestfire.lt/

ATVIRIAUSIAS BLOGAS APIE FINANSINĘ LAISVĘ

One Million Journey

Shaping the Future through Saving & Investing

Total Balance

Ignite your FIRE

Young Dividend

Our journey to financial independence

Generalist Lab

Our journey to financial independence

Passive Canadian Income

Our Journey To Financial Freedom

My Dividend Dynasty

Achieving Financial Independence - Saving, Investing, and Building a Dividend Empire

Dividends Diversify

Our journey to financial independence

The Dividend Guy Blog

Our journey to financial independence

Traveling Lithuania

Traveling Lithuania

Financially free in 10 years

Saving, investing and working towards financial freedom

George's Dividend Meter

Just another WordPress.com site

Dividend Portfolio

A Portfolio For The Small Investor

Engineer my Freedom

Financial freedom from Dividend Growth Investing

Išmok investuoti lėtai ir protingai

Our journey to financial independence

Polliesdividend

Dutch Dividend Engineer

European Dividend Growth Investor

Compounding into freedom - A European perspective

Dividend Compounder

Accumulating Wealth, Slowly But Surely

Broke Investor

My Journey to Financial Independence

www.honestfire.lt/

ATVIRIAUSIAS BLOGAS APIE FINANSINĘ LAISVĘ

One Million Journey

Shaping the Future through Saving & Investing

Total Balance

Ignite your FIRE

Young Dividend

Our journey to financial independence

%d bloggers like this: