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.
maintenance fee: 198.50€
Mortgage interest: 225.00€
Food and others budget: 500.00€
Student loan: 225.00€
Credit card: 200.00€
Spending loan: 100.00€
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.