Income and Expenses for June 2016

I have been following my income and expenses for couple years now. It started for as a way to see how I actually was spending my money and for the first few months I was spending a lot more than I was making. I did some corrections to my spending to make sure I did not spend more than I make.

I hope that by following actively my spending, it will keep me for spending too much. Also I want to spend my money on the right things and pay off my debts.

Other thing is that I want to show that even if I do not earn the most. I still can save and invest and hopefully reach financial independence.

Income

Paycheck: 2,922.00€

Expenses

Housing

maintenance fee: 198.50€
Mortgage interest: 225.00€

Living

Food and others budget: 500.00€
Clothes: 167.00€
Gym: 66.00€
Fuel: 60.00€
Daycare: 40.95€
Internet: 19.90€

Debt payments

Mortgage: 750.00€
Student loan: 225.00€
Credit card: 200.00€
Spending loan: 100.00€

Total: 2,452.85€

In June I made more than I spend wich is good. My Income was higher because of overtime, but with finnish taxation system, I also paid a lot if taxes on that overtime.

Expenses where also higher than I would like them to be, though, most of my expenses comes from debt payments. In Finland we have the sales this time a year and spend some money in those. This was the first time in the last 2 years that I have bought something for myself, mainly underwear, socks and clean clothes to wear at work.

One expenses that went up was the maintenance fee that we have to pay monthly. I pay half of it and my wife pays the other. That sum is the amount I have to pay it every month. It’s quite a lot and every year it seems to go up. Next time we buy a home we need to look in that so we find place where it’s not so big. Our building has some features that cost a lot to maintain, that I could live without.

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