Financial Statement – February

February was a very bad month in terms of savings because my husband took unpaid parental leave and we have decided to go on holidays before he started a new job. However, personally it was very rewarding 🙂

Still, our net worth has increase by 2.5k when compared to January due to the increase in my pension amount and plus a bit of cash we managed to save. We have a lot of cash not invested because we will soon need it to pay Property #2 (and we will still need to ask for a loan because we will not have enough available). We will officially buy it once it is built, which should be in the following 2 months, hopefully! I am so looking forward to start cashing in!

Cash 45,700
Peer to Peer 854
Pensions 73,480
Security deposit for current house 4,000
Rental Property #1 100,000
Rental Property #2 133,000
Debt (Rental Property #2) -94,000
Total networth 263,034

Savings rate = 21%. My husband took parental leave the whole month so we were living on one income. Next month hopefully this value will skyrocket to at least 50%!

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Financial Statement – January

I have just realized that my last post was written on September 2017, almost 5 months ago!!! Lack of time I could say? But let’s face it, we never really have lack of time, just time management issues or different priorities. I have been a bit busy with managing working full-time + having a baby + my first real estate investment. And, although I feel having a blog is useful as it makes me fell accountable for how I manage my money, I couldn’t find the time/motivation to sit in front of a computer. I missed it though!

Since it is of no use crying over spilt milk, I will just go on and update you on what happened in my life in the past 5 months (many exciting real estate news!) but first I want to update you on my financial net worth at the end of January 2018.

Cash 44,900
Peer to Peer 700
Pensions 71,920
Security deposit for current house 4,000
Rental Property #1 100,000
Rental Property #2 133,000
Debt (Rental Property #2) -94,000
Total net worth 260,520

This is, of course, mine and my husband’s. Our combined savings rate this month was 37% (mostly due to husband’s salary lower than usual as he took parental leave since mid-January).

Check out the next post to see how I am managing my first real estate property and how I am currently on my way to buy the second one!

Financial Statement – September 2016

I will update you with my financial statements, which include mine and my husband’s, every month. I haven’t started investing yet, so we only have cash and pension funds investments.

Euros
Mine 59 065 Result of saving 10/20% during 6 years and around 50% in the last 1.5 years
M 54 000 Similar saving rates
M Pension 27 000 This we can only get when we officially retire, i.e., around 65/67 years
My Pension 20 570 This can actually be withdrawn if I stay less than 5 years in my current workplace
Total 160 635
Cash 113 065 This is the money we have on your current accounts

This month we are moving into a bigger apartment, therefore we will have more expenses than usual, such as the guarantee for the house, the big car we are renting to do the move, and some new furniture. I am expecting at least 7k to be spent on that (the guarantee alone is 5.2k) but I will update my financial statements and include both earnings and expenses at the end of next month.