Page 19 of 19

Re: DutchGirl's journal

Posted: Sat Jan 13, 2018 5:16 pm
by herp
Congrats on moving into the new house!

Too bad that the deal fell through, but hopefully you will have a new buyer very soon.

Here's to a prosperous 2018 with a high savings rate :geek:

Re: DutchGirl's journal

Posted: Tue Feb 13, 2018 4:51 pm
by DutchGirl
New buyer of the old house has ... arrived. And will be actually buying with currently 99%-like certainty. That last 1 percent is the bank loan falling through or the buyer, I don't know, dying or falling terribly ill before they actually fork over the cash.
So, let's focus on the 99% chance and say that it's looking pretty good.

These last few months, I've spent all of my income on average, due to the move. Net worth is standing still, more or less. I am itching to see some progress again, but this should start happening with the next paycheck coming in, as all the bills have arrived and have been paid, even the city taxes have now already been paid for the year 2018.

I've also bought an electric bike by the way, which, come to think of it now, I'll use for the first time tomorrow instead of the train. The bike cost 800 euros after tax benefits, an average train trip I'm hoping to replace by biking costs 3-4 euros for the return ticket. So I'll break even after 200-250 workdays... Plus the bike does have the added benefit of leaving whenever I want it to leave. (But the disadvantage that it isn't guaranteed to be warm nor dry, but oh well, we've got clothes for that).
I'm hoping that it was a good decision. We'll see.

The stress from moving is slowly disappearing. But now at work people are ill with the flu all the time, and I'm taking on some of their shifts (which earns me more money, but costs time ) . Plus my in-laws are suffering from health problems. They're now age 78 and 80, so it's not a big surprise. But that's another cause of sorrow and stress.

Income January: 3400, expenses 2590 (ouch).

Re: DutchGirl's journal

Posted: Thu Feb 15, 2018 5:52 am
by figmenter
I'm interest to hear the specifics on the tax benefits wrt electric bike. GF is looking for options to tackle a longer commute. Any insights you can offer we greatly appreciate.

Re: DutchGirl's journal

Posted: Thu Feb 15, 2018 4:20 pm
by DutchGirl
Figmenter, this is a typically Dutch thing. One's workplace can offer a "bikeplan" as extra benefit, and then it's allowed to be a tax-free benefit. So as an employee, you can choose a bike to your liking, and your boss can give it to you (pay the bike for you) instead of pre-tax salary.

Re: DutchGirl's journal

Posted: Sat Feb 24, 2018 4:47 am
by radamfi
Could I ask what bike you have bought? I bought a Batavus electric bike 5 years ago from a British bike shop that specialises in Dutch bikes. It was the cheapest Batavus one available and would have cost about 1600 euros new in a Dutch bike shop, but more for me as it was imported. The range was not as good as I had hoped so I bought a spare battery from a bike shop in Rotterdam. After about a year, the range of the original battery started to fall dramatically. The British bike shop wanted to sell me a new battery so I found a company in Utrecht that refurbishes batteries to slightly better than its old range for about half price, which has been good up to now, but the range from new battery I bought in Rotterdam is now very low. I now have to decide whether to refurbish that battery or get a new bike.

Have you considered what you will do when the battery range goes down?

Re: DutchGirl's journal

Posted: Mon Feb 26, 2018 2:46 am
by DutchGirl
The Dutch Consumentenbond (consumers union) had the "Batavus Stream" as best performing bike for 2017. So the brand you have is still doing some good stuff.

They recommended a Stella bike as "highest value to money ratio" - so that's what I bought.

And so far so good, but of course I only bought it a few weeks ago, and have been sick this last week, so have not been biking at all. I'm hardly an expert :-)

I did get a three-year guarantee on the battery; if it fails before the three years are up, I'll get a new one. If it fails after, I'll probably buy a new one, myself. Who knows how much improvement we'll see in batteries over the next three years, again.

Re: DutchGirl's journal

Posted: Sun Mar 04, 2018 6:57 am
by DutchGirl
Income February: 4300, expenses 2500. So that's a pretty nice savings rate of 42%, even though the expenses are still pretty high.

The income was high due to some work I did in 2017 that got paid only now; that's roughly 1300 of the total income. It won't happen every month...

The expenses in January and February are actually a bit inflated due to me now paying a mortgage, but not yet receiving the tax compensation for paying mortgage interest. So I expect a nice tax refund every year from now on due to this. I could ask for a monthly prepayment of this refund, but I also have other income and other expenses that make the estimation of the total tax refund hard, so to play it safe I'm not going to ask for this monthly prepayment, and instead will take the refund once per year.

Due to the stock market taking a small tumble, networth is actually slightly below January's, but yeah, that happens...