Monthly Finance Update #6

Octobers’s update is ready with a savings rate of 46%. 

As always showing these financial numbers and progress with full transparency has the goal to give you inspiration and reference to compare and who knows maybe learn something new.   

Keeping myself accountable is an added bonus and helps me follow the path to financial freedom. 

Income after tax:                           16.109 dkk             2155 €

Invested Amount:                          2.500 dkk               335 € 

Tiny House Savings:                      2.500 dkk               335 €

Cash Savings:                                   2.478 dkk               332 €          

Savings rate:                                               46,4  %

Total invested in Indexes:             40.626 dkk         5440 €

Portfolio change since last month:        +0,55%

 The goal for 2019:   Invest 30.000 dkk           4015 €

                    Progress:               27.500kr          3680 €    as of this month

                                                      Which equals 92% of the way 

What has happened this month?

New in-depth pages about Tiny Houses and Financial Freedom on the blog. Feel free to check them out. 

Plus a new post: ‘5 Step Guide to Start Your Debt Free Journey’.

Work

Work has been up and down this month as there’s been a Danish autumn holiday break. All three jobs have been in use this month. 

I love the work variation! From kitesurfing to skateboarding, teambuilding to being a lifeguard. 

I also had a wicked Surf trip (as work!) with the students to west Jutland rocking the cable park and learning how to surf in the waves.

In the future, this could definitely be an enjoyable job to have. 

Introduction to surfing

Students owning the kicker

My goal is working towards a full-time job at the folk high school as a boardsport teacher. 

Luckily before the season ended (which is now) there was a full-day mountain bike trip for the sports teachers, where I was invited! Great networking day that built up some relationships. 

The track of the day!

Which means the end of the season for watersports.

Next project Tiny House Build starting this month! Updates with pictures will be posted here.

Check it out. 

Investments

As usual index investments were purchased automatically with the amount of 2.500 dkk ( 335€ ) reaching a total of 40.626 dkk ( 5424€ ). 

Slow and steady wins the race. 

The savings rate is a little lower this month as there has been a few larger chiropractor expenses as I may have broken my back. (Hopefully not! Fingers crossed, please) 

Nyhavn, Copenhagen. Enjoying the new apartment immensely

Tiny House Update

November is here! Plans are coming along and we are looking into ordering materials and finding a trailer to build on. 

An interesting afternoon we had was connecting and looking into the newest technology and materials at the Building Green Festival. 

Definitely picked up some good tips from different companies. 

We have decided to have a budget goal for building the Tiny House at 150.000 dkk (20.070 €).

We are still saving for the total amount of 500.000 dkk ( 66.800 € ) for the tiny house, a plot of land and transportation, therefore savings increased again by 2.500 dkk (335 €); the same amount by Mrs. Willow.

Tiny House savings account is now ready so we can track our budgeted 150.000 dkk (20.070 €). This will be updated in this graph every month. 

Tiny House savings account soon going to start dropping again. 

We are looking forward to building with a community that has offered to solicit expertise, tools, contacts and an area to build at a very reasonable monthly charge.

As a couple, not having any building experience this appeals very much to us and this is therefore what the plans are working towards at the moment. 

We will still be building by ourselves but with fellow builders within our reach. 

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’.

Where we also will update on the build and invite you guys out to help and learn if interested!

The build is going to be a challenge and these experiences will also be shared, together with the financial aspects.

Feel free to take a look. 

Focus next month

Planning, ordering materials, buying the trailer. Moving to build site.
So exciting and pretty crazy. 

Let’s begin this crazy project!

See how it is coming along :

Tiny House Build November 2019

Financial update over and out #6