Each month, I’m following the same personal finance routine for my budget. You can see most of the results in my monthly finance reports. In this post, I’m going to describe the steps I’m doing every month.
I think it’s great to have a routine. This helps to get more efficient and like this you don’t forget to do everything.
Continue reading “My monthly personal finance routine – 11 things I do each month”
Less things happened in June 2018 than the crazy previous month!
Although it’s a good month for savings, it’s not as good as I planned. This month is the first month I received my new salary 🙂 But it was a very expensive month 🙁 We had to pay many insurance fees. And several other relatively big expenses. But it’s still not too bad 🙂
Continue reading “June 2018 – Insurance month!”
A lot of things happened in May 2018! The most important event of this month is of course that we got married! We had a nice and simple wedding with close family and friends.
And as you’ll see, I reached the 100K CHF milestone in my net worth!
Even considering the wedding expenses, this month has some good savings rate. This is mostly due to the extensive gifts we received. This month is the month with my largest income yet. We should have been able to turn it down. Let’s hope we can keep expenses to a low next month.
Continue reading “May 2018 – Wedding and 100K net worth milestone”
After a record-breaking March 2018, April 2018 is even better 🙂
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 🙂
Continue reading “April 2018 – Birthday and new savings record”
It’s now time to make the point about March 2018. Compared to the very poor February month, March 2018 is a great month 🙂
Continue reading “March 2018 Update – Excellent month”
Edit: I changed the way I’m accounting for my life insurance, this gives me a savings rate of 4.2% now.
February is now done, it’s time for another monthly update!
I haven’t posted on this blog since the last update, I was in vacation in China for more than half the month. I hope to post more in March.
Continue reading “February 2018 Update – Vacation and wedding”
Edit: I changed the way I’m 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 great start in January with year another very good month 🙂
Continue reading “January 2018 Update – Ph.D. and good savings”
Happy new year to you all!
Now that we started 2018, it is time for the last monthly update of 2017. After a rather poor November 2017, December 2017 is significantly better.
Continue reading “December 2017 Update + 2018 perspectives”
November is over, it is time for another monthly update.
November 2017 was not bad in terms of savings, but a bit lower than I was expecting. The savings rate for the month is 14.25%. It’s not perfect, but still better than last month. My objective is to go to 25%, but probably will need a raise to go there (I’m still gonna try without the raise).
Continue reading “November 2017 Update”
This is the first monthly update of my budget and finances on this blog. I’ll try to do this every month and normally earlier than this (I was in vacation).
October 2017 was not really good in terms of savings, but a bit better than I was expecting. The savings rate for the month is 8.15%. It’s not really good but I was expecting a loss, so it’s not so bad.
Even though I was in vacation in China, this is not what made my budget so bad. The only really expensive stuff was the plane tickets but they were paid earlier. I had to pay almost 600 CHF for dentist and 450 CHF for Billag. On that note, I really hope the “No Billag” initiative will pass next March, that would be a very nice improvement to my budget, especially since I don’t watch TV and don’t listen to the radio.
Update: Unfortunately, Swiss people seem to like taxes and rejected the initiative
I have started to review my portfolio with better investments. I still have around 60% of my assets in cash, 11% in international stocks, 10% in domestic stocks and 17% in bonds. I plan to decrease the cash this month, especially for my retirement savings third pillar.
November should not be very good since I have to purchase new plane tickets to China, but this will hopefully be the only big expense of the month and therefore the savings rate should be better. I plan to be very frugal this month. I also plan to reduce a few of my monthly expenses (more on that later). I will check again all the expenses on my budget and try to come up with solutions to reduce the overall spend that is still too high.
What about you ? How was your October ?