I’ve returned from my late holidays, so that must mean it’s September already boy and girls! Here in this post I’ll break down my August for you.
Financially speaking, August was a very expensive month for me. I took a lot of holiday-related expenses this month, and I bought a gadget…
Everything combined, I managed to keep my savings rate positive, at a whopping 1.5%… That’s not really great, but considering the expenses I’m quite happy. It means I can live paycheck-to-paycheck while living extravagantly like this every month! Not too bad I guess…
Income and Expenses
My net income this month was 3,390 euros, of which 3,090 regular income and 300 a travel bonus. This travel bonus was earned a few months ago and only paid now because of an error on my side.
My regular net income is going to go up to about 3,250 I think. This has to do with the car-related additional income and lower taxes. From September on, I’m assuming about 3,250 in monthly net income.
Holiday-wise I spent 700 euros in August. Mind you, some costs were incurred in September so they will be reflected next month. Also, we’ve made some costs already in the previous months.
Then I bought an Apple Watch while in America.
Not frugal. Bad. Okay, enough with the Trump-style communication here.
I wanted to buy this gadget for a while now, and knowing that I would fly to the States I thought, maybe these things are cheaper over there. And they were. While still being an expensive gadget, I saved approximately 80-90 euros over the Dutch prices.
The third category that I spent more than usual in August was my subscriptions. Two yearly bills were due so I paid those, and also my Brazilian jiu-jitsu classes were paid twice (I pay per four weeks so some months have a double bill).
Everything combined my savings rate came to a 1.5% for the month, lowering the savings rate to 37.7% year-to-date. I have to get back at it to reach my 40%+ goal.
Investments and Net Worth
My investments had some losses, which were reflected in my net worth.
The stock market had a fantastic month in July, but I could give back a lot of those gains in August. My DeGiro portfolio increased because I added money to it, but return-wise it lost a couple hundred euros.
Nonetheless, I’m still very happy with my investments at DeGiro. So far, the economy has been great and my portfolio is in the green.
So far I’ve been moderately happy with Mintos. I invested 4,000 euros into Mintos, and have made close to 100 euros in interest. Not too bad! Although I don’t really like the way some loans are paid late on their platform, I hope that by switching to Invest & Access helps me diversify better.
If you want to invest in peer to peer lending via Mintos, please sign up using this link. It is completely free to you, and I might receive a small compensation to help me run this website. Win
Grupeer is the other peer to peer lending platform I invest in. About Grupeer I’ve already written an extensive article explaining why and how I invest in their peer to peer lending platform.
In Grupeer I also invested 4,000 euros, and made almost 200 euros in return in total, of which about 80 euros this month! Although I have to say, this is part actual interest paid out from the loans I’ve invested in, and part affiliate income from friend referrals. Unfortunately, Grupeer can’t separate affiliate income the way DeGiro and Mintos can.
If you also want to invest in Grupeer, please consider doing so via my affiliate link. I will receive a small bonus if you do, which helps me put out great content for you in return.
Cryptocurrencies such as bitcoin have the reputation of being very volatile. This month, I’ve lost quite some money in this portfolio.
The thing is, I’m actively working on divesting my cryptocurrencies. Sometimes I perform swing trades to increase my holdings, and once in a while – when prices are good – I sell some.
This enables me to pull out money and lower the risk of large swings in my net worth. Crypto has been fun, but in 2017 it also went out of hand a little bit – hence my current divesting strategy.
My total net worth, combining all assets and liabilities, went down by almost 2,200 euros this month. My investments moved south and the 1.5% savings rate couldn’t save that of course!
Unlike my investments, Fire The Boss reached an all-time high view count! With over 9,500 views this was my best blogging month ever. The number of unique visitors went down, but that’s okay. It only means that people are reading more articles per visit. In my opinion, that’s good news!
Google sent me much more traffic than the previous months, meaning that the upward move in that area is continuing. In August I got 1,742 visits from search engines, compared to 1,335 in July.
The best-read new article was the July 2019 Overview. The best-read article, in general, was an old one (the top-3 are old ones) indicating these articles are doing well on Google:
How did your August go?