Financial Freedom Progress Report (FFPR) – April 2019

April was another solid month but nothing special, really. Nice Easter with family and friends and beautiful weather! We even went to the beach to chill and enjoy the sun. The financials were solid as well. Let’s take a closer look!

Targets for April

For April I set the same goals as for March. I made some changes in my capital allocation, but I will talk about that later. The targets for April were:

  1. Hit a savings rate of 28%
  2. Increase net worth with 1.50%
  3. Invest €250 in our kids’ investment portfolio
  4. Invest €250 in our personal investment portfolio
  5. Deposit €450 in our mortgage savings account
  6. Deposit €1,000 in our savings account

Let’s find out how I scored on these targets.

Savings rate and net worth

Financial Chipmunk - FFPR April 2019 - Net Worth and savings rate

A savings rate of 29% is better than I expected. I made some prepayments for an upcoming holiday, so I was expecting my savings rate to be lower. With a savings rate of 29% I have beaten my target of 28%.
My net worth increased to around €145,000. An increase of 15.06% compared to previous month. This huge increase is the result of an appraisal on my current home. It turned out to be much higher than I expected. I increased the value of my home to around 90% of the appraisal value.

Because of this, I already exceeded my target of €140,000 for 2019. My new target for December 31st, 2019 is a net worth of €155,000. Ambitious but feasible.

Our personal investment portfolio

Financial Chipmunk - FFPR April 2019 - Personal Portfolio

The stock market performed very well in April. My YTD return has improved to 16.28%. Not bad for 4 months! I’ve not added to my personal investment portfolio this month, but added to my mortgage savings account instead.
I’ve still not invested the money I deposited in this portfolio in March. The cash balance is almost €300. No dividends in April.

The investment portfolio of our kids

Financial Chipmunk - FFPR April 2019 - Kids portfolio

The portfolio of my kids did also do very well in April. From a 3.28% YTD return in March to a 6.26% YTD return in April.
I deposited €200 in the portfolio and bought a few shares of the Vanguard S&P 500 UCITS ETF. The kids received two dividend payments from Vanguard S&P 500 (€5) and Vanguard FTSE EM (€0.3).

Summary of capital allocation

Financial Chipmunk - FFPR April 2019 - Capital allocation

Overall, I added €1,770 to my savings and investment accounts and left the remainder on my checkings account.

Progress of 2019 goals

Below you can see the progress I made on my 2019 goals so far:

Financial Chipmunk - FFPR April 2019 - Goals 2019

I’ve made very good progress on many of my goals. I need to put in the extra work to reach 100 blogs by the end of December 2019. I’m far behind to reach the €7,500 that I wanted to add to my personal investment account. The reason for this is that I want to speed up the process of reaching €15,000 that I want to add to my mortgage savings account. Probably exceeding that by about €2,500. So €17,500 in total.

Key targets for April

  1. Hit a savings rate of 30%
  2. Increase net worth with 1.50%
  3. Invest €250 in our kids’ investment portfolio
  4. Invest €0 in our personal investment portfolio
  5. Deposit €1000 in our mortgage savings account
  6. Deposit €500 in our savings account
To my readers: How was your April? Anything special?
Related articles:

Financial Freedom Progress Report (FFPR) – March 2019

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