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Rmann@Epi
5J
Thanks for sharing!
Is the diagram complete? Somehow almost half of the budget goes nowhere.
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Smudo@Smudeo
5J
@Epi yes is complete, income is over the year divided by 12. expenses are total from 2024 divided by 12. the rest is credit which now goes into savings plans monthly. Was otherwise invested in individual purchases and/or overnight money - irregularly sometimes monthly sometimes larger amount by month.
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Rmann@Epi
5J
@Smudeo Shouldn't you also list these purchases? At the end of the day, income = expenses in accounting terms, whereby share purchases are expenses. As it is now, the diagram will always need to be explained. 🤷
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Smudo@Smudeo
5J
@Epi For me, it was crucial to see what I could save in 2024.
Actually, 100 minus 100 should be correct. Now the result from regular income minus expenses goes into the 3 ETFs mentioned above.
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Rmann@Epi
5J
@Smudeo Okay, you can do that. But then I don't quite understand the item "Funds/ETFs: €800". Is that part of savings or not?
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Smudo@Smudeo
1J
@Epi Yes, it's been around for a while. The aim was to determine income - expenses in 2024 in order to 1. set a savings rate and 2. see how much money I need - goal exit professional life
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Rmann@Epi
1J
@Smudeo And when will the time be? 😉
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Smudo@Smudeo
13H
@Epi that is now calculated as what I need to live on per year.
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