Our net worth rose in April 3.73% in USD and 4.80% in EUR to $49,164 and 44,054€ respectively.
I saved some money into our Tagesgeld Konto (the German equivalent of a basic savings account) and to the brokerage, but it was not a great savings month. Instead, most of the gains came from the stock market. It was just a really good month for many of my stocks.
It would be nice if we could cross the $50k threshold by the end of May, but that's very dependent on the market since May and the next few months won't be inspiring on the savings front. In fact, I expect that our savings might go negative to pay for some upcoming things. Our estimated tax payment will hit next month, and this year we'll once again be going to a Steuerberater for our German taxes. The one upside is that I expect to not owe any taxes this year once the filing is done.
I'm also going to be paying for a bunch of dental work over the next few months. Some of that will be reimbursed by various insurances, but it will still cost a fair amount up front and in total and I don't know how quickly the reimbursement will take. We'll need to draw on saved up cash to pay for that. Our bank would be happy to lend us the money using what's called Dispogeld (if you overdraft your checking account/Girokonto, they lend you the money), but I'd prefer not to. The spread between what you get from the savings accounts in Germany vs. the interest you pay on Dispogeld is laughably wide. The Dispogeld costs 10.45% per annum, and it accumulates on day 1 and is payable at the end of the month, while the Tagesgeld gets 0.03% and pays out once at the end of the year. It's bizarrely lop-sided.
No comments:
Post a Comment