I’d argue 3a is not an expense, it’s your money from left pocket to right pocket - still your own money, just now invested.
Monthly fix cost budget for a couple living in Geneva area:
|Rent and heating||1524.00|
|Extra heating and water||8.67|
|Swiss - Taxe Serafe - Radio et Television||27.90|
|My system is not as detail as the other for the remaining.|
My average saving rate is stable around 64% without kid but I expect it to drop dramatically as we are expecting a chlid beginning of Q2.
Daycare will cost a fortune but I expect joy.
A bit of conservative projection for a family of 2.
Wow, I am sincerely impressed.
Nice, well done!
Btw how do you save 115%?
What’s your formula for the savings rate?
(Btw2 you can append the year in front of month for the last x axis, should be easier to glance)
Still not at ease with the charts but I will try to improve it with the years.
The 1 bedroom flat is a LDTR in Geneva so I got low rent for 5 years. I got lucky to get it during Covid time and lockdown as we got no connection in agencies this country. Everyone was leaving Geneva in 2020.
The agency refurbished it completely will insolation so they got discounted tax rate on this rent for few years as well. Win.win as I do not spend much on electricity bill (A+ equipment was installed).
The rental association ASLOCA help to negociate and keep it low.
I am accounting only our revenue stream so the bump was unexpected donation after our wedding. Same with tax reclaim. How do you do it ?
Late 30ies, cohabiting, no children, living in Zurich, renting (rent split 50-50).
2022 expenses: 38497 CHF. -0.37% compared to last year. Doesn’t include taxes.
Just did the numbers. Double income couple in Zurich city with kid. Total spending CHF 161k, breakdown roughly:
- Rent & utilities 47k
- Daycare 32k
- Travel & trips 26k
- Furniture 8k
- Groceries 14k
- Healthcare 12k
- Transport 6k
- Restaurants & bars 6k
- Purchases for daily life (clothes, electronics, baby stuff, etc) 6k
- Sports subscriptions 2k
- Gifts and various other spending 2k
After-tax savings rate 30%.
Baseline spending after daycare and furniture ~120k, which includes an expensive but spacious and comfortable city apartment, and 35k of entirely discretional spending (for our own sanity). Therefore don’t put any effort in optimizing costs like groceries, seems hardly significant.
How big is your family ?
Number of children could give me a expected budget increase
Probably too many details but here I come:
Double income couple with a toddler living in Zurich’s silver coast. No car.
Total spending 168k
Savings rate 30% after taxes
A lot of one-time purchases in clothes, furniture (just moved to new flat) and electronics.
Groceries increased quite a lot. Probably due to inflation + new grill + relatives visiting for a few weeks.
Counting the days until kindergarten starts
|Main category||Sub category||2021||2022|
|Food||Groceries (cleaning and toiletries)||9,057||14,126|
|Food||Restaurants, coffee and snacks||5,988||7,038|
|Housing||Rent 4.5 rooms||36,305||41,457|
|Housing||Furniture, decoration, non groceries||7,252||6,319|
|Insurance||Personal liability insurance||150||0|
|Insurance||Other objects insurance||110||105|
|Taxes||Serafe / Billag||280||335|
|Taxes||Tax consultant fees||249||0|
|Medical||Medical bills + physio, massages, glasses, etc||2,323||2,263|
|Travel||Transport, accommodation, food||12,960||7,012|
|Telecommunications||Mobile phone subscriptions||610||410|
|Telecommunications||Subscriptions (Netflix, news, etc)||1,248||988|
|Personal expenses||Clothes and shoes adults||3,953||8,003|
|Personal expenses||Cosmetics / Beauty care||1,330||731|
|Personal expenses||Family support||320||172|
|Work expenses||Work Expenses||0||206|
|Children||Daycare 4 days a week||27,360||25,320|
|Children||Clothes and shoes||3,000||1,280|
|Banking, investments and savings||Financial subscriptions||184||231|
|Banking, investments and savings||Banking fees||201||145|
|Banking, investments and savings||Broker fees||120||120|
|Banking, investments and savings||Banking fees currency||109||107|
Apart from daycare, ‘normal’ costs (groceries etc.) went up only by 3-4k per year. However, we’re spending considerably more on comfort: bigger flat (5k/y), cleaning lady (2k/y) and eating out (3k/y).
Should a second kid come around, we’d need a car. Including parking I guess that’s at least an extra 10k/y. Add another kid in daycare and we’re probably looking at (tenporarily) 200k spending per year…
Aka lifestyle inflation.
Our household, my wife and I without kids. Working in Vaud canton and living in Fribourg :
|Variables||CHF 61 249,68|
|Food||CHF 12 022,77|
|Non-Food||CHF 2 638,20|
|Dons/Cadeaux||CHF 3 683,51|
|Sport||CHF 4 209,54|
|Abonnements||CHF 1 020,00|
|Téléphone/Internet||CHF 1 320,59|
|Maison||CHF 3 182,82|
|Vacances||CHF 9 058,02|
|Activités entre amis||CHF 3 440,82|
|Vêtements||CHF 1 425,46|
|Autres/Divers||CHF 3 008,86|
|Restaurant||CHF 4 602,16|
|Véhicules||CHF 4 200,35|
|Fixes||CHF 53 309|
|Loyer||CHF 19 680|
|Lamal + complémentaires||CHF 6 720|
|Assurances véhicules||CHF 2 312|
|Impôts + taxes||CHF 24 597|
|Total||CHF 114 558,68|
Thanks a lot @Mr.RTF for the GGsheet
As in any area with a very high cost of living, having kids indeed is a lifestyle choice