The month of October 2021 is likely to be one of the most taxing and rewarding months for cryptocurrency traders.
October 2021 is a month that will be tiring but rewarding. There are many things to look forward to in October, including the best travel credit card.
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October has come to an end. Another month has passed, and it’s time for another update. This month has been somewhat different from previous months. We must adjust to life with our child. And each day is unique.
We’re still having trouble sleeping and have very little spare time. So we’re in survival mode, and we’re just doing what we think is required.
Fortunately, the child develops normally. The only concern is that he still has significant stomach issues at night.
It’s been a nice month financially, with acceptable costs and a decent income. So, let’s take a closer look at what transpired.
October in the year 2021
October was a strange month for us since it was our first full month with our baby.
Our youngster is changing and developing at a rapid pace. We’ve seen the first grins, and he’s begun cooing, which is adorable. He began responding to our voice a bit more as well.
The evenings, however, have not been much better. We still don’t sleep for more than 2 hours at a time. And his nighttime stomach problems aren’t getting any better. Some mornings are particularly difficult. It’s been difficult to focus at work, and the interruptions haven’t helped. However, we anticipate improved sleep in the following six months or so.
We’ve begun thinking about COVID again since newborns’ immune systems are so weak. As a result, we had to decline several invites this month. We don’t feel comfortable spending long periods of time with the infant since many individuals we know aren’t vaccinated.
I’m not judging them for not being vaccinated since neither are we. If it were just the two of us, we wouldn’t give a damn. However, now that we are able to bring COVID home to the kid, we must proceed with caution. But it’s a bummer to have to miss another family gathering due to that pesky bug.
We become fatigued early in the night, around 8 p.m., as a result of our sleep problems. It also means that we don’t have a lot of time for ourselves (which isn’t surprising!). We’ve pared down our activities to the very bare minimum. For the time being, I consider the blog to be a bare minimum. But I’m considering returning to some of my old pastimes.
Overall, I’d say it was a pleasant yet exhausting month. It was a terrific month financially. We didn’t do anything, so our costs are modest, despite the fact that we are a bit short on several goods. This month, though, we were able to preserve 54 percent of our salary.
Let’s take a look at our costs for October 2021:
|Insurances||1255||Above average performance performance performance||Insurance for your health and your home|
|Transportation||38||Average||Gas and parking are included in the price.|
|Communications||70||Average||One server and the internet|
|Personal||1324||Above average||Several medical expenses, some prescriptions, some blog costs, and a few modest housing fees|
|Food||480||Above average||Restocking and some strange groceries|
|Housing||505||Average||Mortgage and heating|
|Taxes||3832||Average||Taxes levied by the county, the canton, and the federal government|
This month, we spent a total of 7504 CHF. We spent 3672 CHF before taxes, which is a fantastic outcome. Without taxes, we attempt to spend less than 4500 CHF each month.
We’ve achieved a comfortable level of spending. We won’t be able to spend that little every month, but we’ve established a respectable average. We couldn’t do much to improve things. All of our gratis insurances will be moved to Assura next year, which will increase their quality (and removing some of them).
We wish to reduce our tax burden, yet we reside in a high-tax canton (Fribourg), and our county is quite costly. I had no choice but to invest money into my second pillar. Unfortunately, this is not possible since I must first repay the $50,000 CHF I borrowed for my home. As a result, I’m out of choices for lowering our taxes.
This month, some of our costs were higher than usual. My wife and I have several medical expenditures, some of which will be covered by our insurance. We also had to order a fruit tree for our garden and repair our house’s electric blinds.
But, in general, we cannot be too critical of this amount of spending. I’d want to get our food budget down to the low 400s, but we’ve been cutting corners with our meals lately.
Goals for 2021
Take a look at our objectives for the end of October 2021:
As of October 2021, our objectives are as follows:
Our financial objectives are doing well. We should be able to accomplish all of our financial objectives with flying colors unless we have substantial unanticipated costs in the next two months.
The page views target for the blog has already failed in September. And the aims of updating and translating are succeeding admirably.
Personal objectives aren’t progressing very quickly. I’ve resumed my morning walks before work, although I’ve only completed a couple so far. I also haven’t done any of my workouts. I don’t have the stamina (an excuse, I know).
Overall, given the present scenario, I believe we are on track to meet our objectives.
Rather of focusing at our net wealth, we’ll look at our FI Ratio. The amount of our net worth is immaterial in and of itself since it is simply one aspect in our ability to retire early. Our FI Ratio, on the other hand, is more important since it is based on our FI Net Worth and Expenses.
Because this is the first time I’m sharing this graph, instead of the YTD graph, I’m going to provide the full-time chart:
As of October 2021, our FI Ratio was
This graph, in my opinion, requires some explanation. Our FI ratio has been steadily increasing till May 2020. However, it has been steadily declining since then.
Because we bought our property right before January 2021, there was a significant reduction. It indicates we moved money from cash to real estate (as part of our FI Net Worth) (not part of our FI net worth). Our net value was unchanged as a result of the move, but our FI net worth was dramatically lowered.
The rest of the drops are scheduled for the end of the month. These decreases are attributable to an increase in our expenditures. For this graph, I used our 12-month running expenditures. And, as a result of taxes, our 12-month costs have increased dramatically. It will stabilize a bit next year, and we hope that our savings will cover the further rise in spending.
As a result, our FI ratio is now at a low point, just over 10%. However, the month’s increase has been rather impressive. The stock market dropped a bit last month. They have, however, mostly rebounded this month. On top of that, we had strong savings, which accounted for more than half of our growth in net worth.
Our typical costs should not be increasing at this rate in the future, thus our growth should pick up in the following months.
How do you feel about our FI Ratio? Do you want to check our FI Ratio or our net worth? Or you don’t give a damn?
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This month on the blog, not much occurred. I’ve been able to maintain the same posting schedule. In addition, I am still able to translate articles. At the very least, I can write on my wife’s laptop in the living room while still being there to assist when needed.
I have no clue how the traffic is going. I’ve migrated to Google Analytics 4, so I don’t have any data from past months to compare. I believe it will continue to decline, but at this point, I am unconcerned.
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Aside than that, nothing noteworthy occurred. This month, I increased my translation work, and I want to complete translation next year so that I may translate new articles as they come in.
I completely forgot that this month was the blog’s fourth anniversary! In October, I generally publish a retrospective piece. However, this will have to wait until November this year.
November 2021 is the next month.
Overall, October 2021 was a nice month for us, although it was really exhausting. We’re looking forward to getting back to sleeping more and seeing more folks.
We don’t foresee much of a change next month. It should be a typical month financially, with lesser income than this month (due to the lack of a birth allocation), but typical costs (hopefully). I really hope that the COVID instances do not resurface (but not very optimistic).
So, how about you? What was your experience in October 2021?
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The author of thepoorswiss.com is The Poor Swiss. He recognized he was sliding into the lifestyle inflation trap in 2017. He made the decision to reduce his spending while increasing his income. This blog chronicles his journey and discoveries. In 2019, he plans to save more than half of his salary. He set a goal for himself to achieve financial independence. Here’s where you may send a message to Mr. The Poor Swiss.
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