Just so that I motivate myself to reduce expenses: 49.8k for me ex taxes and ex AHV (AVS here in Suisse Romande) in 2018. I’m living with GF and cat, but that’s just my share.
Biggest culprits: 4.3k spent on useless electronic shit (including an iPad Pro), 4.3k spent on traveling and 17.5k annual rent. Also some medical expenses.
I’ll report back regarding 2019. Hope the figure is at least 10k lower. I’m on track for now but traveling to North America this summer. I guess I’m still young…
Wow,most of you guys are spending significantly less than us
In 2018, we spent 64K CHF, this is including taxes (57K without taxes). This is for 2 persons and includes our wedding. My projection is 60K for 2018, but I do not think we can go much lower.
I have published the details on my blog if this interests anyone.
Well, don’t be hard on yourself. I’m quite impressed by your numbers. If you divide that by two it makes 32k/person. I’m at almost 50k. That cannot be justified even if I live in Lausanne city center.
Btw I’m Ed, recently started commenting on your blog as well.
In 2018, I spent (single, no kids) CHF 40’756 including about 12k of taxes, which makes CHF 28k of spending for the whole year if you neglect income and wealth tax. I published a breakdown (in French) on my blog, should you wish to have more details.
I plan for sligthly lower expenses for 2019, let’s see if I can achieve this goal
Hey Ed welcome to the forum!
If you wish to get a constructive feedback on your budget, feel free to create a new topic under this section of the forum and publish your numbers. I am sure that people will find room for optimization
Let me chip in here!
Single with no kids living in Zurich City in his healy 30’s.
Spendings:
48’000, thereof
10’000 AHV/ALV/IV/ Taxes
10’000 Housing (shared flat room…)
6’000 Health insurance (I effectively paid double as I paid my 2019 bill in 2018 for a 2% discount)
4’800 supermarket/food/restaurants
4’000 Hobbies of all sorts
3’000 Vacations
2’500 Mobility (SBB, flights, motorbike, bicycle)
You cannot really divide by two because several things to do not get multiplied by two when you live together. I still live in the same apartment with my wife than I was living in alone.
Our goal is to stay below 60K in 201, but we had some expenses I did not forecast, so I do not know if this will be possible.
I seem to have ended the year with about CHF 60k spent (Edit: That’s without tax). Quite stable over the last few years, but this year with less vacation and more other expenses.
@Cortana: How do you get nearly 91% of your salary net paid out? Are you under 25?
For 2020, 1 person, I have a total of 43k of spending without taxes. Reading all your previous anwsers on this post I am quite pleased with that number as I feel it is not to bad for having started this year. Let’s see if I can further optimize next year.
Left out taxes, living expenses where calculated but should be about right. Planned to go to Iceland in the early summer, but that fell into the water.
More than 10% of my living expenses in 2020 where coffee (equipment) related.
next year I change my job (from academia to big pharma), so a big jump in salary. pillar 2 will go to ~29k, and invest (IB+3a) to 86k. I hope they start allowing to pay-in pillar 3a gaps from 2021. That will save me a bunch in taxes for atleast 2021 (I have 8 years gap to fill). I don’t want to fill gaps in pillar 2.
Married (my wife doesn’t work), 2 kids living in Schaffhausen. Groceries always in Germany, commute to work by bike and car only for weekends and shopping. Normally we spend around 10K CHF per year on travels and around 1K in restaurants but this year due to Covid we saved this money.
Total Net Income in 2020: ~142.7K CHF
Net salary (taxed at sourced) : 115K CHF
Rent of our apartment in a EU country (fully paid – no mortgage): ~7K CHF after taxes
P2 contributions during 2020: ~20.7K CHF (including Exp Tax on TDA 6%, maybe it is too high). My company double the amount I contribute so I pay ~600 CHF and my company pays ~1,200 CHF, in total ~1,800 CHF/month
Saved: ~76.8K CHF
Spent: ~65.9K CHF
Yearly
Housing (Accommodation, internet, electricity and insurance)
22,500.00
Insurances (Healthcare, car and personal liability)
10,200.00
Groceries
6,300.00
Transport (gasoline)
500.00
Restaurants
500.00
Travel
2,200.00
Kids (Mainly Tagesmutter)
4,700.00
Clothes/Gifts/Mobile/Furniture
7,200.00
With Friends
1,800.00
Doctor/Dentist/Farmacy
1,600.00
Other Expenses (Serafe, German lessons, Gym, swimming pool, car checks and others)
So rent is around 670 chf per month. Food and life is more like 300 for this year, so that is around 800 less, another 900 is not spent on sport, fitness and school, health care expenses are around 100 less, internet, tv and netflix also has 100 less(internet 30chf/3, digitec connect(15chf), netflix 22chf/5.
Guys, some of you are in “poor” territory. I think the amount to be considered poor in Switzerland is 25000 chf. If you spend less than that, you can be considered poor.
I used to watch a page at the ETHZ to roughly show how it works:
It is still wrong for some stuff (health insurance must be updated and “clothes” might be updated…how many times you update your whole clothes in x years?)
@Cortana your number are similar. You have more than 10k for education.
When you declare tax and someone from tax call you for know how you can save so much you are on the good way
Sorry not spend any time to look expenses during year probably 30-40k and income of 80k
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