Financial Statement – December

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.

Cash 9,650 +1,300
Net Cash flow Real Estate Business 3,100 +600
Pensions 91,460 +1,570
Security deposit for current house 2,500 0
Rental Property #1 115,000 0
Rental Property #2 120,000 0
Debt (Bank) -12,705 +3,185
Total networth 329,005 +6,655

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 🙂

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