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 the same as last time.

Before we get to the numbers, I have some thoughts for the future. Next year I will prepare this expenditure analysis and the savings rate derived from it on a monthly basis. Perhaps, I will recognize certain seasonal factors.

In addition, I have thought about explicitly reporting expenses for my studies. At the end of the year I will definitely analyze how much I have invested in my studies this year – books I have bought and courses I have attended. Then I will be curious to see if I can see a certain pay-off in these investments in the coming months. I am a student, and learning incurs costs or at least some intense time usage – but with the right vision, it is definitely a lot of fun.

Now to the numbers:

Spendings Percentage
Housing costs
Rent, mortgage downpayment, mortgage interest 72%
Ancillary costs and house insurances 27%
Maintenance costs, renovations, furniture and household appliances 1%
Total housing costs 100%
Private expenses
Health insurances 18%
Doctor’s fees, medication 15%
Body care, haircut 1%
Food 16%
Transport costs (car expenses, public transport) 17%
Clothing 0%
Television, radio, Internet, telephony 4%
Holiday and holiday insurance 2%
Restaurant and going out 9%
Sports and leisure 1%
Education and office supplies 6%
Other expenses 11%
Total private expenses 100%
Earnings Percentage
Salary 100%
Other income 0%

The structure to derive the savings rate:

% of GI % of NIATH
Gross income (GI) 100%
Social security 12%
Net income (NI) 88%
Health insurance 3%
Tax 30%
Net income after tax and health insurance (NIATH) 55% 100%
Rental (or Mortgage interest rate, monthly downpayment) 8% 15%
Net income after tax, health insurance and rental (NIATHR) 47% 85%
All other spendings 13% 23%
Savings (Savings rate) 34% 62%

Conclusion: Not much has really changed about the result at the end of July. Medical costs have become a little more expensive and are still too high – which means I hope to keep this position much lower next year. In addition, the transport costs are still too high, I hope to be able to optimize in this area somehow. I still do not spend anything on clothes. My wardrobe is full and I want to wear these clothes first until they are eaten by moths or dissolve otherwise somehow… You do not always have to run after the latest fad and old pieces become fashionable again sometime ;).

The big analysis with improvement potential for 2019 will come at the end of 2018 / beginning of 2019.