As in my 2021 summary this is all post tax, since a) that is largely out of my control and b) makes the spending number more comparable to what I can expect post FIRE. On the savings side I also do not account for market fluctuations, it’s simply the amount of CHF that has been put away and the market does what it does.
Compared to last year the trends go in the right direction, so overall I’m fairly happy with 2022. Our food expenses are still high and we could probably slash that to half by axing restaurants & converting from sushi to lentil soup… But for now this is an okay balance between the savings rate and keeping the spouse happy.
We are a family of three (5 year old kid in Dec 2022) living in a suburb of Zurich.
Im working full time and wife is studying.
We do not own a car anymore.
Rent: 27’400 CHF
Incidental cost: 500 CHF
Health insurance (incl. bills): 12’200 CHF
Other insurances (home and dental): 600 CHF
Groceries (incl. ordered food): 10’500 CHF
Transportation: 4’000 CHF
Eating and drinking out: 400 CHF
Private Kindergarden: 23’600 CHF
Mobile phone contracts and internet: 1’000 CHF
University fee: 1’800 CHF
Clothes/shoes: 400 CHF
Pharmacy: 400 CHF
Trips: 500 CHF
Surgery wife: 500 CHF
Savings plan for kid: 300 CHF
Other expenses/utilities: 4’000 CHF
2022 nearing its end, time for me to post my update.
1(to 1.5 ) person in Zurich, mid 30s
Total yearly expenses: ~63k
Savings rate post-tax: ~45% (pre-tax ~37%)
A few outliers this year:
Bit more travel; with an attempt of “proportional” cost-sharing (sort of an exercise for near future )
One larger gift for my girlfriend turned fiancee
At first somewhat dissatisfied with increased expenses compared to earlier.
But on the other hand all were worthy (and ZH being quite more expensive for plenty of things vs. BS).
So overall quite content.
Monthly averages
Remaining ~10% of costs <100CHF/month distributed among sports & leisure, donations, clothes, phone/internet subs etc.
my wife’s salary increasing, freeing up cash flow for us to save more proportionally
reducing expenses on phone plans, banking/credit cards, insurances etc etc …thx to this forum
stopping direct amortisation on our mortgage after hitting 66% and less savings needed in anticipation of lower interest rates for 2023 ( negotiated my mortgage last Jan before rates hike )
~4k groceries (benefiting from free food at work for lunch and roughly half of dinners, so that went quite a bit down compared to 2021 when I was still mostly WFH)
Family of 3, living in Zürich. Total spending without taxes: 158k, of which 31k were used for buying a car and some big apartment renovations - both things are not recurring very often.
That leaves us with 127k actual spendings - a bit too much for my taste but we do travel a lot and experience new things which is very important for us. We managed to save around 48k, including pillar 3a (pillar 2 not included).
Perhaps it will be valuable to split the rent and child care out of the “Rechnung” row.
That way you see separately the cost of shelter. It could be good for planning a move into a larger apartment, or deciding between rent and purchase.
Regarding the child care, this cost will likely go down when the child[ren] go to school.
Here is our yearly spending for 2022 (agregated from bank accounts and cc statements, so it’s not perfectly put in categories).
We are a family of four (5 & 2 year old kids in 2022) living in an owned Home somewhere in Solothurn.
all expenses without taxes: 65817.- CHF
some categories:
childcare (1 day per week for both kids): 10055.- CHF
health: 9857.- CHF
house: 14251.- CHF (no renovations this year)
Car, phones and home internet are paid for by our business and therefore not included in the above expenses.
That’s why IMO it doesn’t make sense to put taxes in expenses, it’s a cost of income (especially with a FIRE perspective).
If you earn 500k/y and spend 20k/y excluding taxes, and the year after earn 600k, with same lifestyle/expenses, if you include taxes it will be pretty misleading.
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) person in Zurich, mid 30s
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