• This is the savings report of December 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.

Savings December 2019

This is the last report of 2019! We are already in January and it is always a great time to look to out accomplishments for the past year.

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.

You can read my November 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 a previous post I wrote 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 available to save.

As for my income, 2019 was my record year. I finally broke the 6 digits barrier and I am now ready to conquer my next goal.

For the record, 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 as we can see, I managed to save more than in November but still below my average.

Unfortunately I failed my initial goal to save 40K€ in 2019, but not by much. In total I saved 39320€ and my average saved amount per month was 3276,67€.

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


One of the main reasons on why I did fail my goal, was that I did not account the impact of my mortgage payments in late 2019. This really knocked down my savings rate but I almost made it.

For 2020, I will still feel the pain of the double payment in the first months. However, I do expect to move within the first 6 months.

In December I was not able to add as much as I would like to my investment accounts. If you are curious about my portfolio, please go here.

I also run a weekly newsletter on which I share some investment ideas and discuss purchases for my Stock Portfolio. Subscribe 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…”

In 2020, I will continue to track all my financials. I make it a monthly ritual. It is true it takes time, 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.