Welcome back to another monthly reflection. Today we are reflecting on the month of June.
I feel like June is one of my expensive months. I will explain why in a little bit.
Let’s start with my income for this month:
- Salary: €1.809,12
- Health care allowance: €114
- Dividends: €1,99
- Total: € 1.925,11
This month I got paid an extra €58 for my health care allowance. That’s because last year they paid me too little. As you can see I also received some dividends this month. Microsoft paid me €1,94 and Realty Income paid €0,05. Royalty Income is one of the newer stocks that I invested in. I am really happy with this investment because Realty Income pays dividends every single month.
As you know, my main goal for 2021 is to fully fund my emergency. In June I saved €610. This brings my new total to €3.550. My emergency fund is now 59,2% funded.
Since I am always honest with you, I am going to admit that I am not really excited about baby step 3. And I don’t know what I can actually do to make this more exciting for me. I had a talk with a colleague who has basically been a team leader to me. My current contract will end in October. He told me that I don’t have to worry about my contract, meaning that my contract will be renewed. So I will be signing my new contract in September. After I sign this contract, I will automate the payments towards my emergency fund. In this way, I won’t have to think about it that much and I can focus on the things that actually excite me. In September I will come back on this topic.
As I mentioned earlier June is one of the expensive months for me. My mother’s birthday is in June as well as Father’s day. In June I also start preparing for my summer plans. Of course, I also want to enjoy the nice weather outside. All of this is costing me money. Thank God I work full time. If I didn’t, I would be spending all my money enjoying the nice weather, like I used to do when I was a teenager. The whole summer season is an expensive period for me to be honest. In September I will calm down again.
I still stayed within my budget though. I did not have to transfer money from my savings account or anything. It’s just that I had to steal some money from different categories. At the end of the month, I was left with €117,14, which went to my sinking fund.
In the diagram below you can see how my money was spent in June:
I am a little bit disappointed, to be honest. I wish I had some more money left at the end of the month. However, I have to understand that this budget was made for a reason and that this money was meant to be spent. I still put €740 into my savings each month and I still invest at least €108 every single month. So I am good. I needed that little pep talk lol. Sometimes I can be really hard on myself.
In July I will be going on vacation for a week. So there will be a full week where I will not be spending money from my budget because I actually saved for this vacation. I hope this will help me save some extra money.
This is all I have for today. Next week I will have a bonus post. I don’t know if you noticed, but I usually only post on the first and third Sunday of the month. In July I will have an extra post because I will be reflecting on the first half of the year. We will take a look and see if I am actually on track and if I am still going to meet my goals at the end of the year.
Thank you for your precious time and I will see you next week.
Color and Coins