2018 Q1 Budget

As April hit it is time for our quarterly Budget report ๐Ÿ™‚ I tough that I can make the budget part a little bit more simple and concentrate on most important stuff. I guess for most of you it is not interesting how we spent something on buying new socks or stuff like that. I guest the most important thing in budgeting is Income, Expenses and most of all their sum – Savings. So I bring you concentrated graph on these stuff.



Lets run quickly trough the figures. This quarter we hit a record with 7 kEUR of income! Main trigger for such increase was 1,7 kEUR bonus. Thank you my employer for that ๐Ÿ™‚ My wage income was same old 3,7 kEUR and my wife 1,6 kEUR. Dividend income as mentioned in previous post was at minor 21 EUR or 0,3% of our Total income.


With high income also came high expenses. They were not at record high but still 5,7 kEUR and was way above 4,5 kEUR mark that we need to keep our expenses at if to reach 15% saving rate from 22,5 kEUR annual income that we received during Y2017. Lets break down to numbers:

  • As always most of that cost was food – 1,2 kEUR, I could say same level as quarters previously.
  • Then we have fix cost of mortgage loan – 0,6 kEUR and Utilities – 0,6 kEUR. Stable and similar to year before.
  • Next we had higher transportation cost of 0,7 kEUR due to car repair cost of 0,4 kEUR and some more gas cost as from February i’m driving my wife to work due to reasons Ill write little bit later ๐Ÿ˜‰
  • And further we have 0,9 kEUR spent on home repair/improvement. 550 EUR was spend on new TV and 250 EUR on new wardrobe. TV and new wardrobe were bough from 1/2 of my bonus as other 1/2 went to investment. Its nice to balance things and have little bit of that and little bit of this ๐Ÿ™‚
  • And last there was 1,3 kEUR other expenses with major part of them 0,5 kEUR medical expenses.

So car repair, new TV + wardrobe and medical expenses were the main reason why we crossed the 4,5 kEUR mark. Last year expenses were above this mark during all 4 quarters. Lets see how this year will go. I have a feeling that keeping expenses below 4,5 kEUR will be a little bit hard ๐Ÿ™‚


And at last we have saving results. This quarter it was at 1.302 kEUR. Slightly lower then year before but still a good result. Saving rate was standing at very nice +19% even taking into account that additional spending from my bonus ๐Ÿ™‚ Last year we started even better +30% and then went on spending money on kitchen repairs. This year it will be similar as works in kitchen are far from completed, but lets keep positive. Investments are pouring into our portfolio so all should be well ๐Ÿ˜‰

So how was your firs 3 months of Y2018?

6 thoughts on “2018 Q1 Budget

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  1. great overview!
    personal Q has started 105% on budget in rev( you dont follow you plan vs actual rev/costs?) and slightly above 15% in costs, out of which 10% were linked to extra vacation tickets bought for upcoming trip + some extra medical costs. Savings ratio was above 30%, which is ok, but do have couple of mo nths were savings ratio has to be above 50% in budget ( will be hard to reach due some significant decrease in dividends, but we will see ;))
    yearly target to have major costs on trips and vacations quite on going ( During q1 3 trips booked already, 4th to be done after return from April’s vacations. Always have a ticket for your next trip ๐Ÿ™‚


    1. Hi Jaronimo. Nice saving rate. 50% that wow ๐Ÿ™‚ And good vacations to you. Travel is very important. We try to visit new country each year.


  2. I like to figure out my savings rate and will do that in a few days. I got to tell you that I LOVE the way you present your budget. The graph was excellent. I still have to figure out how to insert a graph in my blog. It’s good to see that you have a positive savings rate in that your income exceed your expenses. Keep it up!


    1. Thanks DP. Yes, saving rate is very important. You can invest even with negative saving rate but life will catch up with you in the end and most likely you will have to sale your investment to cover credit card limits.

      Ye I likes this single graph myself. one graph for dividends, one for budgets ๐Ÿ™‚ Simplisity. I supose only few people read my previous more detailed graphs. In the end its not important if you spend money on food, car or anything else. Expences is expences ๐Ÿ™‚


    1. Yes it is, but wife can work and earn money as well
      ๐Ÿ™‚ Children is not that huge cost as all think. If people cant prioretize their spending and neeeeds to buy whatever their children demand then this is not the problem of their children ๐Ÿ˜‰


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