Savings rate = 49%
Total net worth increase = + 6,655 EUR
December was not an amazing month as our savings rate went down mostly due to gifts and money spent going out with friends and family. We could have though about ways of being more frugal but we were a bit lazy this Christmas to do it!
We still manage to pay off our debt and to increase our cash reserves, so overall not bad. However, it is low season for our short-term real estate business and therefore it only yield 600 Eur.
|Net Cash flow Real Estate Business||3,100||+600|
|Security deposit for current house||2,500||0|
|Rental Property #1||115,000||0|
|Rental Property #2||120,000||0|
This is lower than my expectation but hopefully next month, with a salary increase and a small bonus, the goal of growing my networth by 8k every month will be real again 🙂