• This is the savings report of November 2019.
  • Every month I write a savings report with the total amount saved.
  • The amount I consider “saved” is the one that flows out of my checking account.
  • Capital is allocated to the 5 different baskets mentioned on my Portfolio.

Since August that I have missing out on my updates. But better late, than ever!

I have been writing about how much I am saving each month and I intend to keep on doing it. It does help me to evaluate myself and it keeps me motivated. Hopefully, it will also help others to commit to their financial journey.

After a good July, I was able to keep a high savings rate. You can read my August savings report here if you missed it.

While saving has a very symbiotic relationship with our income, how we manage our money plays the biggest role.

“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.”

Edmund burke

I already discussed the importance of limiting our expenses in order to improve our savings rate and therefore, pave the way to financial independence.

You can read here about how I manage to save more than 40% of income by doing 3 key things.

The Numbers

Unfortunately, my savings rate has been going down for the past months. This is mainly due to my mortgage payments along with my rent. Until my apartment gets delivered, I have less money to actually save.

As for my income, I finally reached the 6-digit mark in net terms which shows how important building other income sources apart from your normal job. I will post more details about my income in future posts.

I do not have a fixed income like most people and I can easily have 10 to 15% fluctuations month-over-month.

Time to get all numbers in. Let’s see my 2019 saving results so far:

Savings Update November 2019

So as we can see, my savings are getting under the average line…

Unfortunately I will be failing my initial of 4000€ saved a month but it is clear I am should be able to make it next year. The mortgage payments and the usual enf of the year expenses, really had an impact.

My average saved amount in the first 11 months of 2019 is now standing at 3333,64€.

Having realistic goals is always better than just “dream goals”. Easier to achieve and to improve.


My mortgage payment really kicked me in the butt and I am now paying the full amount of 1618,82€ on top of my 1300€ rent.

Hopefully I only have a few months left of the double payment and can then allocate my rent money back to investments.

On top of these I had a weekend getaway in November to Portugal, bought my flights to Brazil for Christmas and a few other extra expenses I did not account for.

Slower than before but still my portfolio is growing (thank you Mr. Stock Market). I hope in the next months to get back on track. If you are curious about my asset allocation, please go here.

I am fully focused on improving my financial life and I take it as a step-by-step process.

“Financial independence comes from small goals compounded…”

From 2019, I started to seriously track all my financials. By seriously I mean I make it a monthly ritual. Yes, it does takes time to compile everything but I do like the visibility it gives me over my personal finance.

How much are you saving each month? Share your goal with me in the comments below.