I've started to track my NetWorth back in July 2020 after discovering Mr.RIP blog, and the whole FIRE movement. For some reason I've stopped not too long after (let's see how long this blog will last...), to eventually restart it this month, along with my passive investing plan.
I thought that keeping track of my finance through a blog would push me to be more consistent, and perhaps make it more playful?
This is my first public monthly update since I have started to track my net worth.
It's been a really interesting month for me. An impatient one. Waiting for the 1st of June to come, due to the plan to start this public diary and re-update the spreadsheet with all the accumulated numbers from the previous months.
And oh boy, glad I did, as I had the pleasant surprise to discover that I have 30k more than what I thought :D
There are few things which I want to mention before going through the numbers:
- I share the home expenses with my girlfriend, therefore all the numbers listed for home are counted for my half.
- I regularly contribute to my 3a Pillar with a single yearly payment, as I never had budgeting issues. I am now evaluating if it should be include in my expense calculation or not? I see them as money that don't leave the net-worth, but instead moving from the bank account to the 3a Pillar one. Indeed, the same logic goes for the amount moved to the broker account.
- I've recently switched from tax at the source to the normal tax after upgrading to a Permit C. As I was used to not have the still-have-to-be-taxed money in my pockets, I will keep tracking the net salary (after tax).
- At the end of each month, I will try to keep in the bank account enough money for an emergency fund + estimation of the tax for the whole year.
Income CHF 7'660.56 (CHF +326.88 vs Apr)
What can I say? a normal month. I never have surprises as I have no additional income other than my job, and no bonuses. Though, sometimes I do get an extra tiny payment for the on-call shifts, as for this month.
Expenses CHF 2’467.19 (CHF -1’448.42 vs Apr)
Back to a normal month! The previous 2 months were crazy for my budget. They have been higher than usual due to the fact that I have moved in with my gf, and we had to buy few things + the complete "package" of expenses to move house.
- Housing: Rent, grocery, internet, electricity and all the standard package CHF 1'338.07
- Health: Health insurance CHF 357.05 (I also have a complementary one for my dental hygiene routine)
- Personal: Bars and restaurants have reopened in Switzerland! which can only mean that meals and drinks with friends and/or colleagues are back in the budget list (CHF 152.65). The rest was some personal uncategorised purchases which bring the total to CHF 312.86
- Holiday: We went to Basel for a long weekend, our first little holiday of 2021 so far! It's actually a wonderful city, which I had the pleasure to visit few times in the past, but not to enjoy and discover as I did this time. We are not hotel type, but this time we have realised how essential it was to be in one with a bar/restaurant for clients (as we were still in a semi-lockdown, if we can call it like that). Along with transportation and activities, it costed CHF 458.70
Stocks Investing CHF 204’220.38
The stocks haven't move too much. According to my spreadsheet I'm -47 CHF... But I think I've lost a number or two, as I had a bump in the investing portfolio after transferring and converting some money from my bank account:
- The max amount allowed in 2021 for the 3 Pillar (CHF 6'883) into my Viac account. I've already have a 3 years of contributions on a Global 100 portfolio, so I've created a new portfolio with the Sustainable 100 strategy.
- CHF 26'000 to IBKR after more than 6 months of inactivity, and bought 275 VT. Perhaps I should have spread it across the next coming months to dollar-cost-average.
Saving Rate 67.79% (+21.19% vs Apr)
With a pretty flat month and the housing side calmed down, I'm happy to see an amazing saving rate, the second highest of the year so far (70.35% in February).
Net Worth CHF 265’257.84 (CHF +7’008.13 vs Apr)
My net worth increase by 2.71% since last month, meaning I am at 32.18% of my FIRE journey.
We can analyse other numbers (to boost my self esteem), and see that my NW increased by CHF 54’277.19 since the beginning of 2021, and that means an increment by 25.73% of my whole NW!!
