I did promise MP a while ago to publish my financial data on my first year of total record, and here I have it:
although there are 4 days left until 31.12, this should be the big picture This is a result of my current “get everything you need, then everything you want and save the rest” lifestyle. I am a single Zurich resident, living in a shared flat (“WG”). I am happy to achieve a 30% savings rate! but of course, more is always better… and I think this is a conservative guess:
- I listed social security as expenses, although they earn me some social welfare claim.
- most of my “other income” is refunds for expenses i did for third parties, but i did not resolve this properly. substracting this from both income and expenses boosts my savings rate!
- some people say I should not list taxes and social security as expenses, but rather remove them and use my netto income as reference. this would also increase the savings rate percentage. however, i have my own opinion about this
For 2017 I clearly want to reduce some spendings. the big picture is dominated by my swich from being a PhD to (hopefully) working in industry, with 2-3 month of gap time. So the biggest single expenses are quite fixed:
- rent: assumed constant
- insurances: slight increase because of general healt insurance rate increase
- food: should be rather constant. although, every frank spent at the mensa is worth at least 2 francs on hot meals outside of mensa. so once i am exmatriculated, these costs will rise unless my furture employer has a highly subsidized restaurant
- mobility & Transportation: unless my future employer provides a GA, i will get another one most probably. almost constant.
- Taxes and socual security is going to scale with my future salary and the non-salary in my gap months. hardly any control here, about constant expectation. maybe slight increase.
What I expect to decrease during 2017:
- hobbies: 80% of my 2016 spendings were on long lasting equipment. there should be much less next year
- computers: not gonna buy another one
- presents: holy sh*t, i was not aware i spent that much. well, it’s marrying age in my social surroundings… needs a cut!
- bicycle: mine broke beyond repair, and i expect the current one to survive a coupke of years!
wow, this is a substantial increase in spendigs from the time as a student 2007-2012, when I had a yearly budget of EUR 9600, about CHF 11500! well, back then were no taxes, social welfare, insurances, vacation, only rent and mensa
please feel free to comment! Add your balance sheets!