Last year, since August 2013, I started to track all my expenses cent by cent. I didn’t have a good knowledge of how much I spent and for what. Today, my feeling for my money is much better and I think that’s just of tracking my spending and think about how much I budget for the next month. The figures might be interesting, especially as I hope to decrease it for the upcoming 12 months.
|Total expenses:||€ 23.028,10|
|-thereof fixed costs:||€ 12.814,05|
|-thereof regular expenses:||€ 4.303,64|
|-thereof non-regular expenses:||€ 5.910,41|
You can see, my fixed costs collect more than half of all my expenses (55 %) – I see a little improvement there, but I don’t think, that I can push these expenses below 50 %.
Regular expenses are mostly food at my office and restaurants (roughly 1.000 Euro for food at office and € 1.600 for restaurants). Normally, I should save A LOT of money in these two categories. But: going out for lunch in my office is a kind of “socializing and networking event”. I could easily bring my own food into office but I’m not sure if I want this actually. But I will try to reduce these expenses by -20 % so I could save 200 Euros per year. The other thing and “bigger problem” are the restaurant expenses. 95 % of these expenses are girlfriend-related as I don’t go to restaurants on my own. If I cut these activities with my girlfriend I have to look for another leisure-time activity (and probably that would also cost money like cinema or musicals – and I prefer a nice steak more than visiting a theatre.). I do not see very much room for improvement there… The third big category is the “Fun” section with expenses of € 960 over the last twelve months. That’s money I spent for activities like watching football, going to the cinema (I was twice ;-) ), partying, buying magazines, go swimming, etc. – I see a 10 % improvement here as I recognized, that I bought a lot of lottery tickets (that’s an office-thing… sometimes we buy lottery tickets for the change we get at lunch); last year I spent 86 Euros in damn lottery tickets! That’s crazy and I wasn’t aware of so much money we (or I) throw away literally.
My non-regular expenses are pretty high, due to my holidays and a decent amount I transferred to PokerStars (so that money isn’t a real expenditure). For the holiday and travelling part I’m in the same situation as I’m in the restaurant part; I’m not able to travel with my girlfriend in a very cheap way (like couch surfing or staying anywhere we could find via Airbnb) – she want some basics and it’s tough to neglect her wishes regarding neatness, food, pool and stuff like that – I must lie if I’d say I don’t like her 5* hotels… ;)
But I paid approx. € 200 for car related stuff and these expenses are gone now! I have to introduce a new category like “mobility” or something like that, but I’m sure that this would be an absolutely minor position in my spreadsheet. Another big part is charity and presents, but I don’t want to save money there.
I’m excited how much I could really save the next 12 months and I budget 22.500 Euro for these time period.