Monthly Finance Update #16 - Thriving Willow

August Update, 2020.

77% savings rate
2 kittens have moved in!
New location – beautiful.

Income after tax: 15.339 dkk 2069 €

Invested amount: 7.600 dkk 1020 €

Savings account amount: 4.295 dkk 577€

Savings rate: 77 %

Total invested in Indexes: 93.624 dkk 12582 €

Portfolio change since last month: –0,03%

What has happened this month?

New job, new city and new network! The tiny house was moved on the 1st of August and it’s been a hectic month getting sorted out.

Another big change is achieving another dream of ours. Getting two cats! And yes that means we’re 2 adults and 2 cats living in the 20m2 tiny house.
It’s great!

That, of course, adds a few extra bills pr. month but for the value, they give every single day for us the next many years this is something we would like to prioritize. That’s what FIRE is all about right?

Focusing on and prioritizing what gives yourself value.

Steady month with hardly any change in portfolio value. 4295 dkk 577€ I’ve chosen to be located to a savings account as having such a big change in where we’re living, job situation and the high chance of there being come unforeseen costs I haven’t thought of.

As for the savings rate I see it to be ok to count this in as it’s a temporary buffer which otherwise is going towards investments!

Investments

Almost a record this month, 77% savings rate for August! Now we’re talking.

Reducing monthly bills by living in a tiny house looks quite intriguing based on the first month of living in the new location. Yahuu!

Portfolio value almost the same. And I’m starting to get very interested in getting rid of the few individual stocks now as they are pulling the portfolio value in both directions a little more than I feel comfortable with.
Will keep an eye on them.

I’ll let you in on a little something:
I’m looking forward to doing a clean up in the near future simplifying my investments. Doing a proper cleanup and move around of my net worth. Which may equal some funky graphs but always good to do a cleanup!
Because at the moment quite a large amount is waiting for the possibility of purchasing a piece of land to place the Tiny House and that isn’t optimal having too much just waiting around.

Tiny House Update

The goal from last month getting the gutters up – Completed! Wow, a small house can collect a lot of water. The first day we collected over 100 litres. Amazing.
1000L water tank on the way so we permanently can have water in the taps again. 12V water pump is to be added soon ready for getting the system up and running.

Updates on the build from start to finish will be shared on the Facebook page.

Danish readers can join the group ‘Det Lille Potentiale, Tiny House’.

I hope your savings rate was rocking this month!

Financial update #16 over and out