My Personal Finance

One month has passed since I’ve started this site and here are the results of April: Good news, my Net Income is once more positive, bad news my expenses is still over my Job income (!), but expenses is at the right direction – down. Anyway the total result is +177 €.

Tax refund – Ar April I have received a tax refund for my mortgage loan interest 308 €, this is the only thing that got my Net Income positive.

Website income – This was a quit good month as it is only the second one. Earnings were ~4€, or almost 20 times more then previous month. Hope that this income will continue to rise as my website gets more and more visitors. Ar March 400 (Δ+60%) people visited my website out of which 120 (Δ+140%) was from search engines which as more then twice.

Expenses. This is the other story. Although my everyday expenses has dropped by 6% is still remain above my earnings level. My budged is set for 1 th. € including credit payments. Now its 1,3 th. €. I have spent a lot on fuel ~300 € which is 1/3 of my expenses due to 250 km. that I travel each weekend. There was birthday of my girlfriend so even more. But I hope for lower expenses this month.

My Net Worth has increased by+457 € from -11,5 th. € to -10 th. €,  but still remain largely negative. At this rate I would reach positive Net Wroth not earlier then Y2014 Anyway things are going into right direction.

Retirement funds was updated according to 1Q results which was +18€  not much, but still a growth. Also I have received 6€ of dividend in my share saving program. Rest 72€  was monthly investments, in total my retirement funds increased by 96€ to 1,4 th. €, slowly but surely it is increasing.

Cash reserve increased up to 0,7 th.€ which is almost the 1,1 th.€ (63%) that I need for first half year payment for my girlfriends study I expect it to squeeze my self at May and reach that at next month! This is a critical time because she has examination at June and I want to propose this my plan before that. I’m a bit inpatient, but what can you do

Another thing that I have to do at May is to finish my apartment construction works which will increase it worth to 60 th. € and so that my GF could move in. Its a mess right now and I would understand if she refused to do at present situation

Liabilities is decreasing by ordinary repayment schedule - 59€/mo. While first consumer credit ending at 2013 Jan. and second at 2012 Sep. it not so far to go to reach my goal to repay all consumer credits, leaving me with only Mortgage loan.

To bad that none of my earlyer gols was reached, but I have few new short term just for May:

1. Gather 1,1 th. € cash and propose to pay for studies.
2. Finish apartment constructions.
3. Budget my spending’s below 1 th.€/mo.