This report, I will start with something completely different. In July 2016, there will be the first Financial Independence Week Europe. With my wife, we decided to attend this great initiative of What Life Could Be. Getting to see Budapest and meeting other European FI bloggers is a something that we look forward to! Check out the site and maybe we meet you there!
Savings Rate April 2016
The savings rate for 2016 was actually a pretty nice one. This was expected as some work related extra payments were made to our accounts. We depend heavily on these extra payments to reach our ambitious saving rate we have. Other than that, it would be dull to report these numbers. We do pay ourselves first. With this, we fix the amount we save/invest per month. We spend what is left over.
Due to a change in out life plans, we now have a travel fund that needs cashflow. As a result, May/June will be way below average month for the savings rate. This is a deliberate and personal choice we make. We put at risk the 2016 goal.
Saving hard does not mean there is no fun. We had a kids free weekend in Gent with shopping and nice food. 2 times sushi and an experimental restaurant with oysters with milk foam. This is the kind of experiences I want!
The last Amber Index I published got a good question from a fellow blogger geldistijd. I think it is worth while to explain the amber index in more detail. The question was on how to compare progress with others. Analysing the value that I publish, you get to see how much I am on track towards my definition of financial independence.Looking at the graph below, you see we have done 1 quarter of the journey so far!
We are still slightly below the plan. As mentioned before, this is nothing we worry about now. The road is still long. A lot could happen between now and 2029. The most important to us is that we live now while preparing the future as well.
How was your April? Will we see you un Budapest?