Journal From A Dane

Where are you and where are you going?
herp
Posts: 146
Joined: Sat Apr 08, 2017 1:11 pm

Re: Journal From A Dane

Post by herp » Sat Jul 13, 2019 6:21 am

June:

Earned income 1628
Sale of items 38
Insurance 30
Entertainment 7
Reward 8

Total income 1711

Rent 774
Union + unemployment insurance 90
Groceries 198
Phone 7
Transporation 57
Healthcare 119
Entertainment 20
Banking fees 37
Software 6
Electronics 198

Total expenses 1506

Savings 205

Savings rate 12%

Savings were pretty low due to having a low income in June and having somewhat higher expenses than usual (although as always actual savings are higher as I do not count those that go directly into my retirement account through my "arbejdsmarkedspension").

I bought a pricey pair of headphones (Bose QC25) with active noise-cancellation because I was getting so frustrated at work being unable to concentrate and the headphones provided there were pretty crap. This obviously shouldn't be necessary, but it saved some of my sanity, lowered frustration somewhat, improved my productivity, and I can hopefully use them for years.

Health has been improving from the beginning of July as many coworkers are going away on holidays and I'm now working in a different physical environment (although at the same job). I definitely prefer working in a quiet environment without constant interruptions.

My income for July will be much better, so I'm not worried about a month with low savings. Net worth is steadily increasing as well and crossed another milestone at the beginning of July, so I'm fairly pleased with that.

herp
Posts: 146
Joined: Sat Apr 08, 2017 1:11 pm

Re: Journal From A Dane

Post by herp » Sat Aug 24, 2019 7:40 am

July:

Earned income 3910
Sale of items 52
Insurance 93
Entertainment 13

Total income 4068

Rent 762
Union + unemployment insurance 89
Groceries 230
Phone 7
Transporation 56
Healthcare 51
Entertainment 36
Software 7

Total expenses 1238

Savings 2830

Savings rate 69%

July was a great month in terms of savings. Expenses were on the low side and income was above average. August will probably see a bit lower than average income.

I've been a bit slow in getting the report out for July as I've lacked motivation to continue tracking my income and expenses in a reasonably detailed way. I just don't know if I gain much from it anymore (although the savings rate was actually higher than expected for July, so at least there is some insight gained this time). I'll probably keep tracking for the rest of 2019 and then decide if I want to continue.

herp
Posts: 146
Joined: Sat Apr 08, 2017 1:11 pm

Re: Journal From A Dane

Post by herp » Sun Sep 08, 2019 8:48 am

August:

Earned income 3966
Sale of items 66
Entertainment 11

Total income 4043

Rent 759
Utilities 104
Union + unemployment insurance 88
Groceries 198
Phone 7
Transporation 55
Entertainment 27
Software 7
Misc 18
Furniture 59

Total expenses 1322

Savings 2721

Savings rate 67%

Another excellent month with higher income than expected.

The furniture is a designer couch that I bought back in July from an estate of a deceased person. The sellers were the deceased's children and I don't think they had any real idea what it was worth. These couches sell for 3k USD as new. Obviously a used couch won't fetch that much, but it's easily worth several times what I paid for it. Kind of makes you think about going into flipping.

That said, I bought the couch for my own place as I'm familiar with it and enjoy using it quite a lot.

Also looking for a new job. When I started applying I very quickly got a reply about a position that sounds interesting, so hopefully I can pursue that. As I get more experience and because unemployment is low, I really notice how the job market has heated up compared to, say, a handful of years ago.

Forskaren
Posts: 147
Joined: Sat Nov 07, 2015 4:04 pm

Re: Journal From A Dane

Post by Forskaren » Mon Sep 09, 2019 1:01 pm

Nice progress.

There is options to detailed tracking. I am taking a break from detailed tracking this year, but may restart next year. Even without detailed tracking you can get an estimate of the savings rate by comparing earned income to money going into investment accounts.

herp
Posts: 146
Joined: Sat Apr 08, 2017 1:11 pm

Re: Journal From A Dane

Post by herp » Tue Sep 10, 2019 9:28 am

Just taking the deposits to savings/investments as a fraction of income might not be a bad way to go. Perhaps I'll trim down to doing that starting next year. It obviously won't be fully accurate, but it should provide a reasonable approximation.

herp
Posts: 146
Joined: Sat Apr 08, 2017 1:11 pm

Re: Journal From A Dane

Post by herp » Sun Nov 03, 2019 4:26 am

September:

Earned income 1828
Gift card 45
Entertainment 456
Refunds 64

Total income 2393

Rent 766
Union + unemployment insurance 89
Groceries 230
Utilities 18
Phone 7
Transporation 57
Healthcare 51
Entertainment 19
Banking fees 4
Software 7
Electronics 7
Other 4

Total expenses 1259

Savings 1134

Savings rate 47%

Finally got around to tallying up September. Income was below average, but so were expenses. Overall a pretty standard savings rate for me.

I interviewed at a potential new employer last month and they were extremely interested, but I saw many red flags during the interview process so I decided to pass it up (almost non-existent developer team, no project management etc.). Still actively looking for something new though.

herp
Posts: 146
Joined: Sat Apr 08, 2017 1:11 pm

Re: Journal From A Dane

Post by herp » Tue Dec 10, 2019 12:56 pm

October:

Earned income 3338
Insurance 30

Total income 3368

Rent 761
Union + unemployment insurance 88
Clothes 122
Groceries 250
Phone 7
Transporation 56
Healthcare 51
Entertainment 12
Software 7
Other 14

Total expenses 1364

Savings 2004

Savings rate 59%

Pretty good savings rate for October that I'm happy with. However, I'm starting to get further and further behind on the reporting. I think I'll do detailed reporting for November and December and then not track very detailed for 2020.

Kind of getting ahead of myself as this is related to November, but I started new work a couple of weeks ago. So far it's been a bit rocky as I still struggle with some mental health issues, but it seems like a pretty relaxed place to be. No expectations of working long hours and very flexible work hours (although that's something that I don't value quite as highly as many probably would). Down the line, there's also lots of opportunity for working from home. My role is less technical than in previous jobs where I've been very code centric, so we will see how it works out.

Also in relation to November, I got into matched betting and milking casino offers. It's been fairly profitable but I also took on a high risk offer (without realizing it was high risk) and lost DKK 1000 (about USD ~150). I made up for it by churning other offers, though. Seems like it isn't as lucrative as in the UK where there are tons of bookmakers that you can take advantage of. It appears as if after the sign-up bonuses are gone, there isn't that much volume left up for grabs. My reporting for November will reflect this new activity as I will need to keep some float at various bookmakers to match bets.

just
Posts: 18
Joined: Fri Feb 16, 2018 12:16 pm

Re: Journal From A Dane

Post by just » Tue Dec 10, 2019 2:45 pm

Congratulations on the new job.

I did matched betting, too, and came to the same conclusion, that once you're out of sign up offers, there's not much more to be had except occasional free bets, but they are usually not very big (<100 DKK).

How are you doing milking casino offers? I didn't think you could guarantee a profit, because you have to play the money "through" so many times. I think I recall seeing something like 30 times on the roulette.

herp
Posts: 146
Joined: Sat Apr 08, 2017 1:11 pm

Re: Journal From A Dane

Post by herp » Tue Dec 10, 2019 2:53 pm

Thanks!

In terms of casinos, milking is probably stretching it. I just take the occasional freespins. There's a few casinos like Betway that only require you to wager 10x though, but I tend to pass up even those offers.

High wagering requirements is exactly how I got burned. I made a calculation that assumed a smooth distribution of outcomes and completely failed to take variance into account :oops:

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