Monthly Finance Update #17

September Update, 2020. 

• 69% savings rate.
• New build project! = A movable entrance for the Tiny House
• Teaching the basics of building as a subject!

Income after tax:        20.646 dkk               2.775 €

Invested amount:       7.600 dkk         1.021 € 

Savings amount in account:        6.600 dkk          885€  


Savings rate:                  69 %

Total invested in Indexes:     98.588 dkk         13.230 €

Portfolio change since last month:  -1,38%

What has happened this month?

Work hours are increasing which is great as we only moved here just over 2 months ago! And happy to be able to teach the basics of building simple wooden constructions, using equipment and understanding the physics behind a build-project at my new workplace in a brand new subject. Unexpected! A lovely perk of having built your own Tiny House.

Also new this month is that I decided to invest in an online course exploring a possible side-hustle in the area of managing Facebook-advertising for local companies.

Interesting so far and seems like a skill that many/companies don’t have the energy to research in-depth, but can give great results if mastered!

Investments

69% savings rate for September.

As you can see not all has been invested straight away. I would have invested more than the 7.600dkk (1021€) this month but I’m currently researching the possibility of investing in a more complete and simple index rather than the 3 global at the moment plus getting into an index with a sustainability focus. So it didn’t feel right investing it all when a near change is coming. 

A slight dip in the portfolio value. No biggies. 


Tiny House Update

• A new part of the build has begun. An entrance for muddy boots and a few coats, so this can be done just outside the front door instead of in the Tiny House. I can already feel there is a bit more time to enjoy the process now compared to this winter building the TH, which is great. 
• Catflap has put in and works like a charm!
• 1000L rainwater tank is connected and collecting. Exciting. 
  
  
  
  Updates on the build from start to finish will be shared on the Facebook page.

Danish readers can join the group ‘Det Lille Potentiale, Tiny House’. 

I hope your savings rate was steady and high this month!

Financial update #17 over and out