January 2018 Update – Ph.D. and good savings

Categories Budget, Frugality, Monthly1 Comment on January 2018 Update – Ph.D. and good savings

Edit: I changed the way I am accounting for my life insurance, this gives me a savings rate of 33.7% now.

It is time for another monthly update! After a good December 2017, the new year is up to a great start in January 2018 with yet another very good month :) I am really starting to get a hold of my finances.

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Save Money by Changing Mobile Plan

Categories Frugality4 Comments on Save Money by Changing Mobile Plan

In order to reduce my monthly expenses, I am trying to optimize each of my recurring expenses. After saving on my car insurance and reducing my rent, I decided to see if I could save money on my mobile plan. And it turned out I could save a lot as well!

Before I started searching, I already had a very cheap mobile plan for my mobile phone. I was using M-Budget Maxi One with 2GB of data per month for 29 CHF per month. This is pretty cheap as Switzerland goes. However, I am very rarely using mobile data on my phone. I have WiFi at work, WiFi at home and WiFi at the gym.

Moreover, I do not use my phone a lot. To be honest, I do not really like smartphones. Even though they are sometimes practical, they are mostly a burden and are destroying social life for a lot of people.

Moreover, some public places such as restaurants are starting to offer free WiFi for their guests. However, there is not that many public WiFi access in Switzerland. Especially when you compare with countries such as China and the United States where you can find free WiFi almost anywhere.

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Goals for 2018 – Reaching for FI

Categories Budget, Frugality, Investing1 Comment on Goals for 2018 – Reaching for FI

For the first year in my life, I am gonna try to set clear goals for this year! I have set up a nice spreadsheet for my goals for this year (credits to retirebyforty for the spreadsheets idea):

My 2018 Goals

I have tried to not set goals that are too high but still strive for better than this year. Since it is the first year I am setting goals like this, I do not want to be over-optimistic. This is my first attempt at setting yearly goals, so maybe I will add new goals during the year, but I will not remove any goal nor downsize any goal.

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Save Money on Rent by Asking for a Reduction!

Categories Budget, Frugality7 Comments on Save Money on Rent by Asking for a Reduction!

Sometimes, saving some money simply means asking for a reduction! I have asked for a reduction in my rent. And with this, I am going to save more than 50 CHF every month!

I just got confirmation from my building manager that they accepted the reduction of rent that I asked for. I am quite satisfied with the answer. However, they have been incredibly slow in answering me. They answered more than two months after my request… In Switzerland, most building managers are getting worse and worse.

With this reduction, my base rent goes from 1175 CHF to 1122 CHF. This will only start at the next term of my lease, on April 1st. But this means that next year, I will save 53 CHF * 9 = 477 CHF. And I will save even more the following year since all months will be lower :)

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How to save money by changing car insurance

Categories Budget, Frugality1 Comment on How to save money by changing car insurance

I decided to check all my recurring expenses and see if I could save something on at least some of them. Turns out I can! I was able to change my car insurance to save over 350 CHF per year on it.

It is very important to regularly check if there are better deals on your insurance. Even though an insurance could be the cheapest at some point, it may not be the case a few years later.

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