Monthly Review

January Review

Hello everyone,

Welcome back to my first monthly review of 2022. Today we will look back and see how I started the year.

Before I start I have to make a disclaimer. As you know I got a raise this year, but I will receive my new salary in March for the first time. They will then also pay me the difference between my new and old salary from January and February. So in my April review, you will see my new salary for the first time.

Now let’s start reviewing the month of January.

This is what my income looked like:

Salary+ Travel allowance: €1.821,74

Healthcare allowance: €64,00

Dividend: 5,45

Total: €1.891,19

I’m most excited about the dividends. This year will be the first time that I am going to receive dividends in every single month. Last year I started investing in January and I received my first dividends in April. My goal is to receive an average of €5 a month, so €60 a year. I am happy that in my first month I already received more than €5.

Let’s take a commercial break and see how much I got paid by each stock:

Now let’s take a look at my emergency fund. As you can see I already saved 67,5% in my emergency fund. This is 4 full months’ worth of future expenses. I can’t wait to hit that €7.000 mark. I think that my emergency fund will be fully funded by June. It would be really nice to be done in the first half of the year.

In the diagram below you can see what my spending looked like in January. I have to say that I spent quite some money. For example, I bought myself €47 JBL headphones as a present because I got promoted. Other than that I did pretty well. More than 50% went to my savings and investments.

I’m really satisfied with how I did in the month of January. I always want to start my year strong. For me, it sets the tone for the rest of the year.

I can’t wait for February, because I will receive my 2021 salary for the last time. After that, I will see bigger numbers coming into my bank account.

Some things will be changing financially this year for me. I will be losing my health care allowance because my income will be too high for that. But that’s ok. My healthcare cost decreased by €10  this year because my job is paying a part of it now, which I am so happy about.

That’s it for today! Thank you for your precious time and until next time!

Love,

Color and Coins

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