Why and How to become paperless in 2019?

Categories Financial Independence, Frugality2 Comments on Why and How to become paperless in 2019?

I think a lot of people will agree that having lots of paper documents at home is a hassle. Who would not want to get rid of all this for a better solution? In 2017, I decided to become paperless with my administrative documents. It was a long work. But now I am finally done. All my documents are available as electronic documents now. I have been able to throw away five big document binders.

I have used my phone as a scanner and uploaded all my documents to the cloud. Now my documents are accessible from anywhere. And they are safely stored in the cloud. Find out how I became paperless for free in this post.

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April 2018 – Birthday and new savings record

Categories Monthly, Frugality, Investing11 Comments on April 2018 – Birthday and new savings record

After a record-breaking March 2018, April 2018 is even better :) In fact, in terms of savings rate, it is the best month ever! I am really glad I achieved that good result.

Although I had some significant expenses this month, the savings were great. This is partly thanks to the gifts I received this month for my 30 years birthday! I also managed to keep my expenses quite low. And my net worth made a very nice jump. Overall, a great month!

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March 2018 Update – Excellent month

Categories Monthly, Frugality8 Comments on March 2018 Update – Excellent month

It is now time to make the point about March 2018. Compared to the very poor February month, March 2018 is a great month :)

Not a lot of things happened this month. But that is not bad. I like quiet months. And I was able to save a large part of my income this month. This is great after a bad month.

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No Billag: Swiss People Like Taxes

Categories Frugality, Switzerland6 Comments on No Billag: Swiss People Like Taxes

Yesterday, the Swiss people were voting on several objects. The No-Billag initiative was one of them, as I mentioned earlier. This initiative wanted to remove the Billag tax. This tax supports the Swiss TV and Radio services. This tax is currently around 450 CHF. But the government will reduce the tax next year to 365 CHF. Unfortunately, the Swiss citizens strongly refused the initiative :(

I have to say that I am quite disappointed in my fellow citizens today. It seems like people like to pay inconsiderate taxes. Thus, we will still have to pay this tax. The only upside is that the tax will be less expensive next year. But that is still a tax I am paying for nothing I am using.

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January 2018 Update – Ph.D. and good savings

Categories Monthly, Budget, Frugality1 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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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

Insurances are very important to optimize your budget. There can be very expensive. And there could be some large differences in prices between one provider to others. And most often than not they are providing exactly the same coverage.

It is very important to regularly check if there are better deals on your insurance. Even though it could be the cheapest at some point, it may not be the case a few years later. You just need to make sure your contract allows you to change contract from time to time.

Recently, 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.

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