Savings rate

Updated 04.07.2020

A big part of Financial Freedom is mastering your spending habits!

I’ll most likely change “savings rate” to “expenses” in the near future, as I don’t have any salary income anymore.

My partner paid 50% of our rent in Denmark but I will pay 100% in the future. We still share other household expenses. 

2020

Month Net income Expenses Saved Savings rate in %
Jan-20 3 696€ 1 714€ 1 982€ 53.63%
Feb-20 1 551€ – 1 551€
Mar-20 3 507€ 1 662€ 1 846€ 52.62%
Apr-20 1 146€ – 1 146€
May-20 1 126€ – 1 126€
Jun-20 1 802€ – 1 802€
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Total 2020 7 203€ 9 001€ – 1 798€ – 24.96%

2019

Month Net income Expenses Saved Savings rate in %
Jan-19 4 889€ 1 496€ 3 393€ 69.40%
Feb-19 3 993€ 1 503€ 2 490€ 62.37%
Mar-19 5 520€ 2 685€ 2 835€ 51.36%
Apr-19 5 215€ 2 494€ 2 722€ 52.19%
May-19 4 829€ 1 859€ 2 970€ 61.50%
Jun-19 3 655€ 987€ 2 668€ 73.00%
Jul-19 1 679€ 1 230€ 449€ 26.74%
Aug-19 2 500€ 3 856€ -1 356€ -54.25%
Sep-19 1 671€ 2 786€ -1 115€ -66.76%
Oct-19 2 954€ 1 360€ 1 594€ 53.95%
Nov-19 3 700€ 1 060€ 2 640€ 71.35%
Dec-19 3 688€ 1 378€ 2 310€ 62.64%
Total 2019 44 294€ 22 695€ 21 599€ 48.76%

2018

Savings rate 2018

Month Net income Expenses Saved Savings rate in %
Jan-18 3 940€ 2 397€ 1 543€ 39.17%
Feb-18 4 763€ 1 423€ 3 340€ 70.12%
Mar-18 3 843€ 2 431€ 1 412€ 36.75%
Apr-18 6 842€ 2 127€ 4 715€ 68.91%
May-18 4 358€ 1 511€ 2 847€ 65.33%
Jun-18 4 064€ 2 308€ 1 756€ 43.20%
Jul-18 4 973€ 2 140€ 2 832€ 56.95%
Aug-18 4 529€ 1 477€ 3 052€ 67.39%
Sep-18 4 704€ 1 420€ 3 284€ 69.82%
Oct-18 4 113€ 1 387€ 2 726€ 66.27%
Nov-18 4 961€ 1 691€ 3 270€ 65.91%
Dec-18 4 628€ 3 598€ 1 030€ 22.26%
Total 2018 55 717€  23 910€ 31 807€ 57.09%

2017

Savings rate 2017

Month Net income Expenses Saved Savings rate in %
Jan-17 4 591€ 2 588€ 2 003€ 43.63%
Feb-17 4 062€ 2 384€ 1 678€ 41.32%
Mar-17 3 743€  1 504€ 2 240€ 59.83%
Apr-17 6 401€  1 996€ 4 405€ 68.81%
May-17 3 611€  2 285€ 1 326€ 36.71%
Jun-17 5 281€  2 771€ 2 510€ 47.53%
Jul-17 4 456€  2 079€ 2 377€ 53.35%
Aug-17 3 879€  1 711€ 2 168€ 55.90%
Sep-17 3 896€  1 831€ 2 065€ 53.01%
Oct-17 4 818€  1 611€ 3 207€ 66.56%
Nov-17 3 857€  2 298€ 1 559€ 40.42%
Dec-17 7 818€  2 517€ 5 301€ 67.8%
Total 2017 56 413€  25 575€ 30 838€ 54.66%

2016

Savings rate 2016

The drops in savings rate in May and Dec shows the impact of owning an expensive Audi. Good thing I god rid of that!

Month Net income Expenses Saved Savings rate in %
Jan-16 4 908€ 2 431€ 2 477€ 50.47%
Feb-16 3 681€ 2 167€ 1 514€ 41.13%
Mar-16 4 046€ 1 702€ 2 344€ 57.92%
Apr-16 5 522€ 1 550€ 3 972€ 71.93%
May-16 4 082€ 5 995€ -1 913€ -46.86%
Jun-16 4 283€ 1 773€ 2 511€ 58.62%
Jul-16 4 946€ 4 351€  596€ 12.04%
Aug-16 3 940€ 2 181€ 1 759€ 44.64%
Sep-16 4 362€ 2 032€ 2 329€ 53.41%
Oct-16 5 223€ 3 035€ 2 188€ 41.90%
Nov-16 3 876€ 2 355€ 1 521€ 39.23%
Dec-16 4 251€ 5 795€ -1 545€ -36.34%
Total 2016 53 121€ 35 368€ 17 753€ 33.42%