Welcome to this new blog 🙂
This year has been quite disastrous for my savings. This is due to many big expenses such as plane tickets and unexpected health care. But this made me realize that I’m not saving enough at all. Although I have a good a salary and live quite well, I’ve a tendency to spend too much. Last year, my savings rate was around 18%. This is not really bad, but still lower than I would have liked. But this year, my savings rate is down to around 7%. This is way too low and made me realize that my expenses are way too high. Moreover, the last two months have been negative months although not by a long shot. This month is also likely to end up being negative.
Since this point, I started reading many personal finance blogs and websites. I’ve learned a lot of things about investments and spending. In the coming months, I plan to put theses lessons to work. My main change now will be to reduce my spending. I’ll then continue to learn about investments and I’ll try to put my money to work.
For some context, I’m a 29 years old computer scientist. I just finished my Ph.D in Computer Science and I’m still working in my school. I live in the rural area of the Fribourg state, in Switzerland.
I’ll mostly be writing this blog to motivate myself. I’ll try to share some monthly reports and some information I’ve found.
And don’t forget I’m not very good with my money, so don’t follow everything I do, but you may try to learn from my mistakes.