Accounting
This page handels topics such as Accounting, Budgeting and Savings rate. Focus is on Savings rate, even though a result of proper Accounting and Budgeting, as this is one important factor in achieving the objectives.
An overview of the current state of the Savings rate in 2019:
Savings rate January 2019
In 2019, Oscar and I will try to keep the expenses up to date on a monthly basis. The statement will show monthly fluctuations as certain payments are only due once a year or quarterly. The goal is, as always, to put 50% of the NIATH amount on average [...]
Spending analysis and savings rate in 2018 – a review
For 2018, Oscar and I were able to save 56% of the annual net income after taxes and health insurance – this adds up for a total of 31% of the gross income. First, we look at the numbers for 2018 - then we analyze the data and look [...]
Compound Interest
The 8th world wonder and the habit of saving make us soon "rich in time". Oscar and I show how saving and compounding have a positive effect on each other and increase the chill factor - may be the 9th world wonder? The 8th world wonder - this is [...]
Spending Analysis – Q1 to Q3
After 3 quarters in 2018 (means the monthly average from January to and including September) I look at my expenses again – my gut feelings say not much has changed in daily life, there were no bigger (necessary or not) expenses. Therefore, I assume that the expenses are about [...]