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, Frugality11 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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