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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 will see, we have reached the 100K CHF milestone in our net worth! This is the first time :) We can now hope that we will stay at this level for some time!
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.
In May 2018, my savings rate was 49.32%. It is quite a good result. However, considering that is also the month with my largest income yet, it is not so good. Indeed, I received part of my 13th salary and a lot of wedding gifts.
The biggest expense this month was the purchase of our honeymoon. For our honeymoon, we both wanted to have as little to do as possible. Therefore, we decided to choose an all-inclusive hotel. We found many great deals but ended deciding for Egypt. More specifically, we are going to Hurghada. We were really impressed by the extremely cheap prices of the hotels in Egypt. Unfortunately, the flights are really expensive. I guess that is the only way for their government to make money on tourists.
In the end, we spent 1373.80 CHF on the package. For 6 days, that is around 114 CHF per person and per day. This is not cheap by any standard. But, for an all-inclusive 5-star hotel we felt it was worth it. In countries where the flights were cheaper, the hotels were more expensive. We are not going to get married every year, so I believe it is good to indulge ourselves :)
There were other big expenses this month. We spent around 700 CHF between the wedding fees and the residency permit fees. This is really starting to pile up. I know there are still some documents to fill. I hope they would not be as expensive as that. And, I also had to replace the shock absorbers on my car for 450 CHF.
We also did a lot of groceries and cooking this month. And we had to buy some foods and drinks for our wedding party at our house. We also did some pork dumplings! And Wednesday was my last day at work. So we did a little leave party for my colleagues. We had to buy a few more drinks. And we cooked cookies, cake, dumplings, and some scallion pancakes. All this added to our Food budget this month. But this should not be often the case. And it is quite enjoyable! And Wednesday was my last day at work. So we did a
We also started our own vegetable garden. This is something really enjoyable. However, it does not go very well. Several plants already died. Probably because of the lack of sun or too much water. And we have a lot of ants. We will see how that goes. But this will definitely be a net loss.
Here is the breakdown of all my expenses for May 2018:
- Insurances: 255 CHF: Average
- Transportation: 650.20 CHF: Well above average. I had to replace the shock absorbers on my car.
- Communications: 107.08 CHF: Average
- Personal: 2943.35 CHF: Well above average. We paid for our honeymoon. A lot of fees for Visa and Wedding
- Food: 779.20 CHF: Well above average. We paid for two parties, a few going out and a few large cooking at home.
- Apartment: 1247 CHF: Average
- Taxes: 771.15 CHF: Average
I will have to pay my car insurance next month. However, these are normal expenses that are expected.
This month I was able to invest 5000 CHF in my broker account. Which is great :) My third pillar is already maxed out from last month. As for investing, my goals are going great :) I already put more in 5 months than I would have thought possible. I have put the 5000 in my Switzerland ETFs this month. For the next two months, I will invest again everything in my total world ETF.
On the investment side, I finally was able to sell my PostFinance 25 and PostFinance 45 funds. I bought shares of PostFinance 75 with the results. I was waiting for them to earn again before I sold. Now, this reduces my bond allocation further. This is good since I realized I have too much bonds.
Unfortunately, for the second month in 2018, I was not able to stay under 4500 CHF expenses. Next year, I should probably set an average expense as a goal. But, considering that we paid for our honeymoon, it is not so bad. As for the dividends, I only received a very small dividend this month from my Swiss Dividend ETF.
As for the blog, I have posted quite a few articles on the blog this month. I still enjoy writing and I have a few more articles in my pipeline. This is the most important thing about the blog. I will probably try to write only two articles per week next month, not three. With the new work and my wife at home, I will not have enough time for three. I think.
For the audience of the blog, it is not great. The audience has already been going down this month. I was thinking that I was doing something really wrong. On a very nice note, my post about my biggest investing mistakes has been featured on Rockstar Finance (and now Rockstar Finance is dead). This completely exploded all my page views:
In one day, I had more page views than in the entire month :) Thanks a lot J. Money. This shows that at least I am not doing everything wrong! I will continue my writing as such. To all first time readers from Rockstar Finance, I hope you enjoy the content!
As for Pinterest, it is now been one month since I started using Pinterest. It is not going great. I have had 18 visits from Pinterest in one month… That is really terrible. Considering the time invested, it is a really bad investment. I will continue pinning some things like I am doing now. But I will definitely not invest more time now. It seems a big waste. I am pretty disappointed. At least, the pictures on each post are great. I am open to advice from anybody on how to improve my audience or to what I’m doing wrong with my Pinterest ;) For now, I don’t want to pay for an expensive course. I will see later for this option.
Let’s see how my net worth is going. I reached 101’494.18 CHF. This is the first time my net worth passed over 100K :) I am really happy about this. Here is the evolution since I started tracking it:
I really like the increase in the last two months :) I am on a good way now. A lot of people are saying the first 100K is the hardest. Let’s hope they are right :) I am on way to 200K now!
On the first of June, I am starting my new job. This will see an increase in salary and a few advantages on the money side. I will probably make a few posts about this shortly.
So far, I have got two big things to pay next month. Half of my car insurance is coming. I also need to pay my home insurance. Together, it is already almost 900 CHF. And if the very slow people at the insurance finally decide to consider our case, we will have to pay for my wife’s insurance. We will see how it goes. It should still be pretty good with my new salary. But there may be something unplanned coming to us. I really hope we can stay under 4500 CHF.
What about you? How were your finances in May 2018?