April the month when I had to rebalance my bankaccounts and add more money to it from the salary. It was a busy month with alot of work being a taxidriver.

I will write all my income expenses reports to have it on record and for public view for everyone to see how I as a young millenial with even a small family which consist of a girlfriend of age 22 and a son of age 3 in the household can achieve financial independence way before my 45th birthday. 

I just want to prove to the world that a young father at the age of 26 with a low taxi salary can be financially independant within 20 years by investing about 1000 euro/1200 dollar a month. My aim is 45 to be free of my chains of working and spending all my time with my girlfriend and son by traveling over the world. There’s just so much to see and so little time.

By living a frugal lifestyle I’m able to cope with the 1000 euro a month that I’m gonna be making starting in January May 2015 as I do need to save some money for some future planned expenses.

So each month I will update the Income & Expenses for the previous month so this update will contain the month of April 2015.  I am tracking every euro of what comes in and what goes out, so what you see is exactly what I have earned and spent (rounded to the nearest dollar). As this blog is international ill just keep it in US dollar and use the currency calculator on google using the term “euro to usdollar”

 

Income From April 2015:
Salary Income	$1894
Other Income	$270
Tax Authority	$289
Total Income	$2453
Expenses From April 2015:
Mortgage + Utilities	$999
Auto	$72
Student Loans	$53
Insurances	$144
Gifts	$54
Everything Else	$132
Total Expenses	$1512

 

Income

This is now my fourth income/expenses report that I’m posting about.. it does seem a bit awkward by just sending it out to the world for public view, but I am for real and want to spread my word across the globe through the internet. The word that wealth can be made by those like me that have a low salary income and by living a frugal lifestyle, just by investing all the leftover money in high quality dividend growth stocks for early retirement.

The salary that I received this month was higher then normal being at 1894 euros.
I dont need a high income to be FI.. probably arround 1200-1500 dollar a month would be just fine for me. Everything above that will give us holidays to foreign countrys. By the time we are FI I will sell my appartment for probably arround 150.000 euro’s which will give us another dividend income boost. We will by the time we reach FI arround the year 2030-2035 be visiting alot of foreign country’s starting out in europe.

The month of April was bad as I had zero Quality Dividend Growth Stocks.

The Tax Authority consists of $289 as they are paying the rent of my mortgage. $222 was received from my partner to help with the bills she wants to help me getting us to Financial Independence earlier. She donates it to me monthly from now on speed up our process.

Still getting too much from the tax department/Tax Authority every month so that goes towards my savings account. That once they come to reclaim the money that they’ve send too much then I’ve got it set nicely aside. Without ofcourse paying any interest! for a year.

 

Expenses

Mortgage and utilities consist of :

$554 mortgage     $39 cable tv/internet     $142 electricity/gas      $128 VVE for homeowners association 78$ town taxes for usage of sewers and pipes. Phone bill was $52

Car

My car was used to drive to “Oud Valkeveen” its an amusement park for little kids below 10 years old
44$ was used to fill the tank a bit.

Studentloan
The student loan I have with the interest percentage 1.5% will be payed with this amount of $53 for a while until its payed off… no reason to higher the monthly payment because of the low interestrate.

 

Gifts

A bicycle for my son bought it for 54$
Behold!!

Insurances
Life insurance 2$
Household insurance 14$
Car insurance 36$ Last month
Funeral insurance 11$
Healthcare insurance 117$

The Everything else

Had to pay 28$ roadtaxes to the state so the car can drive.
Dentist costs 108$
Bankaccount related costs 2$
Computerpart costs of 113$
Oud Valkeveen entrance tickets 22$

 

 

Savings

This last month of April 2015 I have managed to save 38% of my income. Could have saved % more if I Wasnt a nucklehead and sticked to my goal of investing in high quality dividend growth stocks. But it was also because of dentist costs.

The savings goal I have for this year 2015 will be 60% a month of my total net income. Might not make as I started out bad this year. But I keep optimistic for the rest of the year as I have done a terrific job for myself to save a lot to start out my forest full with seeds.

Now on to Income/Expenses of May!

 

How was April for you?