2020 Q1 Budget

And the last regular quarterly post after 2020 Q1 Dividend incoma and 2020 Q1 Sports its time to review our budget. It was interesting to see how much we spend and received 🙂 Corona virus is spreading across the globe and we are staying at home for 3rd week now.

20200405_195609

Income:

Our income – 8,7 kEUR on a higher side as my increased income was for full month. Dividend income of 140 EUR remained minor 1,6%.

Expenses:

Expenses were more or less under control – 6,9 kEUR. More expenses was for food due to stockpiling for quarantine, home repair as all materials was purchased for toilet and bathroom repair that I’m going to do myself. Lets see how we done with 50/30/20 rule:

  • Fixed expenses4,6 kEUR or 53% of Income. Mortgage (0,7 kEUR), Utilities (0,7 kEUR), Food (2,2 kEUR), Health (0,3 kEUR) and Transport (0,8 kEUR). Bit over the mark but ok.
  • Flexible expenses – 2,3 kEUR or 26% or Income. Holiday (0,3 kEUR), Clothes (0,1 kEUR), Home repair (1,1 kEUR) and Other (0,7 kEUR). Flexible expenses was bellow the mark even with home repair works and advance payment for Holliday which most likely will be skipped this year.

Saving:

Now the end result. Income was 1,8 kEUR above our cost which was 20,5% saving rate. In line with goal to save 20% of our income!

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