After a very cheap month of May, June 2019 comes back with a very expensive month. This is often the case in June since this is the middle of the year and this is when I pay some of the bills. But this month is worse than usual.
From a financial point of view, this is the worst month in the last 16 months. I would not have thought we could come back to this level. But this is proof that I do not plan my spending very well. I knew it would be bad since several bills were planned. But I underestimated some of them.
On the other hand, we had a nice holiday in the Swiss mountains. And another nice family weekend in Jura. So, from a personal point of view, it was a good month.
Continue reading “June 2019 – Holidays, Taxes and Insurances!”
May 2019 was not a very special month. Which is good as long as I am concerned. But after the previous months that were a bit too expensive to my taste, May was finally a cheaper month!
We managed to save more than 50% of our income during the month. This is really great! We managed to keep our expenses below 4000 CHF which is awesome for us. Generally, our expenses are much higher than that!
On the other hand, the stock market went down this month. Our net worth still increased a bit, but as much as such a good month would normally increase it.
In this post, I am going to share all the details about May 2019. The goal of our monthly incomes is to be as transparent as possible. I feel like we owe that to our readers. Moreover, it also makes us more accountable for our personal finances.
Continue reading “May 2019 – Finally a cheaper month!”
April 2019 has been a very similar month to March 2019. We went skiing again. Mrs. The Poor Swiss is really getting better and better at skiing. She is now able to get down each blue slope without issue. We were lucky to ski with a Ski Instructor from my family and he helped her a lot during these two days. It was a nice change of pace.
We spent a bit more than I would have wanted this month. However, since it is a month where we do not have to pay taxes, we still ended up with a savings rate of more than 55%! This is really great! And hopefully next month, we will be able to spend less money. However, next month, we will have to pay taxes again.
I am going to go over the details of the month of April 2091 in this post. The goal of our monthly updates is to share all our progress with all our readers. I believe that personal finance blogs should be as transparent as possible.
Continue reading “April 2019 – More French and More Ski”
March 2019 was a good month. We went skiing for two days with Mrs. The Poor Swiss. Her ski lessons are going good. Other than that, we did not have any big event. From a financial point of view, it was a very good month as well. I received my bonus. This makes a large increase in our net worth. This is the first time I receive a bonus. I was more used to the thirteenth salary that is more the usage in Switzerland.
Because of the bonus, we were able to save a lot of money this month. Unfortunately, we spent more than I would have wanted. Our goal is to spend less than 5000 CHF a month. We spent a bit too much on food this month. Mrs. The Poor Swiss also started a French course, which adds to the budget. But that is something that is not to be regretted!
This post will tell you everything that happened to us and the blog in March 2019.
Continue reading “March 2019 – Bonus and French Courses”
I spent half of February 2019 in China. Me and Mrs. The Poor Swiss were visiting my in-laws for the Chinese new year. Most of the trip was very frugal since we stayed at my father-in-law house. And we mostly ate at home. However, I am following Chinese culture and paying a dowry to my father-in-law, this makes a big hole in the budget of the month.
Mrs. The Poor Swiss also started skiing this month. Since she had no equipment at all, we had to buy the clothes for skiing. And we had to rent the ski equipment itself for the season. This makes another hole in the budget.
Even though we had lower savings than what we are aiming for, this month was quite good for our net worth. With the stock market returns, our savings and the sale of my ESPP shares, our net worth made a nice jump this month!
In this post, you can find everything that happened to us in February 2019.
Continue reading “February 2019 – China, dowry and ski”
It is already the end of the first month of 2019. I am still doing the mistake of writing everything with 2018 so far. I need to get used to the new year. So far, the year started well for us and our finances.
In January 2019, we managed to save a nice percentage of our income! This is great to start the year with more than 50% of savings in the first month! Moreover, the stock market finally started recovering from the terrible last months of 2018. With this, our net worth got a very jump ahead!
As you read this post, I will already be in China where I will be celebrating Chinese new years with family in law. Thanks for the magic of scheduling posts, you will still be able to read my posts! I shall be able to read comments normally.
In this post, we are going to see what happened to us and our finances during the month of January 2019.
Continue reading “January 2019 – Off to a good start!”
I cannot believe it is already the end of the year! This month went by so fast. And this year also crazy fast. It is already the end of December 2018. So, it is time for another monthly update!
This month was pretty calm. We did not do many things and not really substantial happened with our finances. Since this is the end of the year, some recurring bills are arriving now. There are also the recurring costs of gifts for our family and friends. But we have not been very spendy on that part for this year. We have been able to save 49% of our income this month. We are trying to limit gift giving and prefer doing things with friends and family.
And while nothing crazy happened for us, the stock market continued its fast decline. We are getting very close to bear market territory now. With this, we were not able to grow our net worth this month. We will have to watch the market closely next month to see how it goes.
Stay tuned to learn everything that happened to us and our finances in December 2018!
Continue reading “December 2018 – It went by so fast!”
Once again, it is time for a new monthly update from us! This month has passed incredibly fast. I do not know what happened. But I fell that the month was twice faster than other previous months!
There were not many big events this month. But a lot of small events. We went several times to restaurants. We spent a weekend in Brussels, Belgium. And we also had many events with our friends and family. And we went to two concerts. All these small events and some shopping by Mrs. The Poor Swiss made this month more expensive than usual. We managed to save about 45% of our income this month. Although it is not really bad, it is not as much as last month and not as much as I was expecting.
The stock market continued to be very volatile this month. After last month big loss, the market started going up for the first week of the month. But then, it started going down once again to reach a new low for the month.
In this post, I am going to describe all that happened for us, and especially for our finances, for November 2018.
Continue reading “November 2018 – Brussels and too much shopping!”
October 2018 was a really nice and quiet month. It was not very eventful but we had several family events. And overall, we had a lot of fun and we did not spend a lot of money. Isn’t that the definition of a great month?
Compared to the expensive month of September 2018, we are much better off financially this month. We still had a few expenses that I would have liked to remove. But we are getting closer to a good budget month after month. In the future, there are some expenses that need to be reduced and some expenses that need to be eliminated. We managed to save more than half of our income this month!
While the month was very quiet for us, the stock market was far from being quiet. We arrived into correction territory for most of the major indexes. And our investment portfolio is down a lot this month. Since our portfolio is not yet huge, our net worth is still up since what we invested is more than what we spent. But this will not last. In the next correction, we will probably be down a lot more.
Continue reading “October 2018 – Quiet Month and Stock Market Correction”
After poor financial results in August 2018, it is time to review September 2018. Even though we had some big expenses this month, the results are better. We were able to save more money this month. It is still not perfect, but it is very slowly getting there.
Not a lot of things happened in September 2018. I spent about ten days in the United States for my company. This was not expensive since everything was paid by my company. I did some shopping though. However, we bought plane tickets to China for the next Chinese new year. And we had to pay the repair for the car accident of Mrs. The Poor Swiss. This made a very large dent into our budget.
Continue reading “September 2018 – Car repair and plane tickets”