February 2018 Update – Vacation and wedding

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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.

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January 2018 Update – Ph.D. and good savings

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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 🙂

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Book Review: Rich Dad Poor Dad

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Rich Dad Poor Dad Book Cover

The most recent finance book I’ve read is “Rich Dad Poor Dad” by Robert T. Kiyosaki. This is my short review of the book. This book is very different from the others, in several ways. Generally, the personal finance community does not rate this book very high. In this post, I’ll give you my point of view about this book and tell you what it’s all about.

 

 

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How I saved 10 CHF by changing my mobile plan

Posted on Categories Frugality, Spending, Tips2 Comments on How I saved 10 CHF by changing my mobile plan

After saving on my car insurance and reducing my rent, I decided to see if I could save money on my phone plan. Before I already had a very cheap mobile plan for my mobile phone. I was using M-Budget Maxi One with 2GB of data per month for 29 CHF per month. This is pretty cheap as Switzerland goes. However, I’m very rarely using mobile data on my phone. I’ve got WiFi at work, WiFi at home and WiFi at the gym. Some restaurants are also starting to have WiFi. But this is not a lot in Switzerland, compared to countries like China and the United States.

So I decided to switch to the M-Budget Mini One plan with 600 MB of data per month for 19 CHF per month. This will save me 10 CHF per month (120 CHF per year). It’s not a big saving but it’s a correct one and an easy one. I’ll have to be a bit careful about using my phone when going out, but it should be fine. Since there are no delays, I can also switch back to Maxi One if I cannot keep below the limit. But this should be fine. This month, I’ve use less than 60 MB on my phone.

So, if you pay a lot for your phone plan, be sure to check if there are no alternatives that could be more frugal and try to save some money! Even if your mobile plan is a small part of your budget, you should still pay only for what you need!

What about you ? How are you saving money ? Do you have a better option for mobile plan ?

Book Review: The Bogleheads Guide to Investing

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Bogleheads Guide to Investing CoverHere is another book review about an investing book. This is the second book I read in my way to personal finance enlightenment: The Bogleheads Guide to Investing, by Taylor Larimore, Mel Lindauer and Michael LeBoeuf.

This book is a complete guide about personal investing, how to save money and how to invest it. I think it’s a really good book, well-written and full of very good advice. The book is full of quotes from other financial figures and uses facts to support every argument.

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Goals for 2018

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For once, I’m gonna try to set clear goals for this year! I’ve set up a nice spreadsheet for my goals for this year (credits to retirebyforty for the spreadsheets idea):

My 2018 Goals

I’ve tried to not set goals that are too high but still strive for better than this year. This is my first attempt at setting yearly goals, so maybe I’ll add new goals during the year, but I’ll not remove any goal nor downsize any goal.

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Book Review: The little book of common sense investing

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The little book of common sense investing book cover

Since I started to pay closer attention to my finance, I’ve read a few books about investing and finance. I’m going to review them on this blog.

The first book I have read is “The little book of Common Sense investing”, by John C. Bogle. It is coming from the founder and former CEO of the Vanguard Mutual Fund Group. A lot of people in the bogleheads community are recommending this book, so I decided to give it a try.

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November 2017 Update

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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).

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First deposit at DEGIRO and first ETF investment

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After having opened my DEGIRO account recently, it was time to use my DEGIRO account. My first deposit reached my DEGIRO broker account! Let’s start with the good, there is no fee for transfer! I’ve transferred 1000 CHF and exactly 1000 CHF arrived in my account. I was afraid of a hidden fee or transfer fee.

With the bad now: The transfer took 8 days. I sent the transfer Friday 17th, the bank debited it from my account Monday 20th. It only arrived today, Tuesday 28th on my broker account. I’ve contacted DEGIRO several times in the meantime to ask about the whereabouts of my money. They did have an issue with their bank (CIC Bank, Basel). The bank was not transferring the money statements to them for about a week. So, normally, this should not be so slow. I’m inclined to give them the benefit of the doubt for this one. I’ll see what happens to my second transfer. I sent it yesterday and it should arrive tomorrow on my DEGIRO account. If this issue is something that happens regularly, this is really bad thing for DEGIRO, but we’ll see.

With some part of this money, I bought 13 shares of Vanguard Total World Stock ETF (VT) at 73.16 USD. This ETF is a passive fund that holds 7955 stocks in the entire world, weighted by capitalization. It contains around 50% of the stocks from US and the rest is from the entire world. The fund contains 2.6% of stocks from Switzerland. It has a very low Total Expense Ratio (TER) is 0.11%, which is very low and absolutely fine for me.

Since this ETF is in the list of free ETF offered by DEGIRO, I didn’t pay any fee to buy the shares. Nevertheless, I paid a small fee for the currency conversion. I paid 0.19CHF on an order of 936.80 CHF, which means a fee of 0.02%. This is pretty good since I was paying around 0.5% fee for funds on PostFinance 🙂

The buy was pretty easy do on DEGIRO, no issues here. At first, not very clear, but it turned out quite OK. I’ll post more information on the future on how to use DEGIRO. I received a mail notification for both the deposit and the trading transactions. Everything seems fine.

I’m not totally sure on my final portfolio, but VT will definitely be a part of it and probably a large part at that. I’ll keep you up to date as soon as I update my portfolio.