After last year, I once again want to share my detailed financial breakdown of 2024 (details in comments)

by N3XT191

14 comments

  1. After posting my 2023 expenses exactly 1 year ago, [Watson made an article about me](https://www.watson.ch/schweiz/wirtschaft/797391139-redditor-zeigt-seine-finanzen-so-viel-hat-er-in-diesem-jahr-ausgegeben)! (You can see my username mentioned in the Watson article)

    I have since deleted the post but you can find it [here](https://imgur.com/GrYvDj4).

    I have changed my visualisation a bit and explicitly show the shared expenses with my fiancée for more clarity.

    * I still work the same job as last time (IT consulting & application developer) and live in the same apartment we moved to in March last year.
    * We live in a 75 sqm apartment 30 minutes outside Zurich.
    * We split all shared expenses proportional to our income. The shared “Overflow / Surplus” exists because we contribute a fixed amount per month, so we have a buffer in the account to account for monthly variations in our spending.
    * The “Shared Account” category includes all expenses we pay through the shared account.
    * => All sub-categories under “shared account” are for 2 people! So the 19.8k in rent is the full amount. My contribution to that is around 65%
    * Income Tax is an estimate. Will only know the exact amounts next march. I’m confident I’m within ~10% of the final number. No, I don’t live in Zug.
    * My employer pays for a yearly first class public transport card for the whole of Switzerland. I don’t have to pay any income tax on this because I sometimes need it for work. This accounts for 99% of my transportation costs.
    * My employer pays me a monthly “food allowance” which I also don’t need to pay income taxes on.
    * The “presents” category is unusually large this year, as it includes an engagement ring.
    * Yes, I spend a lot of money on books.
    * “Other Hobbies” also includes any personal electronics and fun activities like concerts.
    * “Subscriptions” is mostly half of a subscription to “The Economist”. So no frivolous streaming subscriptions or anything…
    * I save around 35% of my total (pre-tax) compensation and around 40% of my post-tax income.

  2. What‘s the yellow stream that hoes to non taxable income that comes from your main job?

  6. 2k on books? You read a fucking lot😃

    Edit: What‘s your favourite book of 2024?

  7. Wait a moment you have money from your enployer to eat. Why is resaurants (work) in there too?

  8. Fascinated abt the income tax. i basically earn the same and pay 1/3 more

  9. holy fuck i whish i had that salary^^no seriously in what field do you work that you get such a high bonus? finance i assume?

  10. What do you guys eat that you can manage with ~550/month? I envy you for your discipline, given my expenses and income.

  11. You spend more on Restaurants than on holidays so I wonder, in what category would Restaurants on Holidays be?

  12. As a German this Gross to Net ratio is unbelievable to me.

  13. You can substract the donations from your taxable income.

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