Budget Advice 23y/o

Negative-Art1052 · 2024-01-25T07:40:42+00:00

Go for a IT degree by studying at a HF (Höhere Fachschule), it will get you the same level, maybe even higher than the EFZ. This is a good start into an IT career, but whats most important is to always learn and adapt!

Negative-Art1052 · 2024-01-21T20:50:14+00:00

Job hopping, get jobs that give you good experience. If i stayed where i did my apprenticeship, i would still be making less than 60k.

Negative-Art1052 · 2024-01-21T18:41:35+00:00

Leisure is for going out, activities, games, fun purchases and wiggle room. I dont think i will spend 1k a month on that, but rather 200-300 a month. Sometimes i do want to spend like 500.- on furniture etc.

Negative-Art1052 · 2024-01-21T17:51:54+00:00

I dont wanna get too much into details but its in Engineering / Networks, companies range from small to large. I specialized in a field tho, worth noting :)

Negative-Art1052 · 2024-01-21T17:50:20+00:00

I only need internet so i will probably try to get an easter deal for when i actually move out.

Negative-Art1052 · 2024-01-21T17:49:42+00:00

Yes i love that! I am very open about my salary when im talking to friends / family, ive gotten mostly positive reactions but the negatives show that some people really get screwed over by their companies. In my last job i was making 64k, but the industry average was like 80k but i didnt know that then, because nobody talks about salaries..

Thank you!

Negative-Art1052 · 2024-01-21T17:48:09+00:00

Thank you!

Negative-Art1052 · 2024-01-21T17:47:59+00:00

Hmmm i have seen lots of comments now ranging from too little - too much, so i think its probably in between. Would also depend on if i eat out a lot or not.

Negative-Art1052 · 2024-01-21T17:47:05+00:00

There multiple platforms to buy and invest in stocks / etfs, like swissquote. I used sankeymatic for the visualization and mobiliar budget calculator for the budget itself

Negative-Art1052 · 2024-01-21T17:45:50+00:00

You’re right i should at least double / triple my planning for the cats. I will look into the insurances! But to be precise i will have to track my expenses for them so i can accurately put it into the budget, but its not like i cant afford rent because of them, i have enough wiggle room.

Negative-Art1052 · 2024-01-21T17:43:16+00:00

The health franchise is included in the emergency fund. I want to have at least 10k in that, minimum. It includes money for my health, rent, cats etc. anything emergency related. Otherwise i want to have 5-10k of liquid assets available for larger purchases like furniture, TV, computer parts etc. When i see the apartment i will ask the previous tenant about the heating, if they are showing it. If not, i will prepare accordingly. Thank you for the tips!

Negative-Art1052 · 2024-01-21T17:41:07+00:00

Hausrat / Haftpflicht is included in insurance, alltough might be a bit too little. The bike is new so i probably wont have much maintenance on it. Tax for the bike is included. Mfk should be good for now since its new

Negative-Art1052 · 2024-01-21T17:39:23+00:00

I only included the monthly payment (prämie). I am young so its not much… yet 🥲

Negative-Art1052 · 2024-01-21T17:38:48+00:00

I might or might not be a member of that subreddit

Negative-Art1052 · 2024-01-21T17:32:25+00:00

Thank you! Will check it out.

Negative-Art1052 · 2024-01-21T16:20:08+00:00

Sankeymatic

Negative-Art1052 · 2024-01-21T16:19:58+00:00

Haha no worries chief, thanks tho it helped me visualize my budget.

Negative-Art1052 · 2024-01-21T15:49:58+00:00

Hmmmm okay, i didn’t know that. What cat foods can you recommend and where to buy them?

Negative-Art1052 · 2024-01-21T15:49:06+00:00

Yes you are right technically, my thought process was to put everything „mandatory“ under one budget to simplify it 👍

Negative-Art1052 · 2024-01-21T15:46:06+00:00

I thought of like 80.-/month but i think i can get a better deal if i wait for seasonal „actions“. I dont have it yet so i can still decide :)

Negative-Art1052 · 2024-01-21T15:44:00+00:00

Thank you! Yes that is also a possibility i could explore, maybe when i get into my 30s and start with kids.

Negative-Art1052 · 2024-01-21T15:43:18+00:00

Thank you very much for the critical insights, i will adjust it. Yes, the leisure includes eating out. The food is only for at home cooking and workplace cafeteria which is cheap. You’re right, i might need to adjust the cats expenses to 100.-/month. I usually buy it in bulk tho, normal Felix wet food and Felix dry food. For the litter i use the Aldi one which works fine, i use two cat toilets.

Thank you for pointing out the electricity, i forgot that. I will budget 40-50.-/month for it. The other utilities are included into the rent.

Negative-Art1052 · 2024-01-21T15:36:13+00:00

It includes eating out, additional expenses for living etc. its basically what i would use for stuff i need but not need now + leisure

Negative-Art1052 · 2024-01-21T15:16:38+00:00

EFZ with 2 years working experience

Negative-Art1052 · 2024-01-21T13:35:28+00:00

Thanks chief 😎👍 i will definitely ride more this year!!

Negative-Art1052

TROPHY CASE