Time for our first savings update, we had been trying to be more efficient for a few months now but it was to complicated too calculate for many reasons. As a result, its only in September that we are able to properly do it. One important rider, we weren’t super frugal, we still ate our and rented car for trips.
We both have different payout dates, so I am trying to align our incomes in the same pay period and share the final percentages.
As both are incomes are different and Mrs A is part-time at the moment, and thus when we do an actual calculation, we get to the below:
The month was an exception and I think our savings rate will average between 30-33% for an year.
So hang on for the next savings update. Next time I’d also share successes and mistakes of that month.
In other news, Germany’s Household Saving rate is 10.8% in 2019, which is a big ass number!
How much are you able to save now? What is your monthly goal?