The US Federal Reserve has announced that they’re changing interest rates on a quarterly basis, instead of yearly. This means an increase in costs for the average American citizen and businesses alike; however, there are some people who will be able to take advantage of this change by borrowing money long term.

November 2021 is a month where many people try to save money. However, this year’s november has been anything but frugal for some. The “no spend november” tagline was created in order to help those who are struggling with a tight budget.

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I can’t believe it’s December already. These past few months have gone by in a flash. It’s incredible how a kid may alter the course of events.

We’re still getting used to life with our kid. He’s developing wonderfully and evolving at a rapid pace. It was fascinating to see him develop over the course of a month.

In terms of money, we purchased a number of odd items but did not go beyond. As a result, we were able to save a significant percentage of our income once again.

2021 (November)

November 2021 was an excellent month overall. With our close relatives, we held a couple more family gatherings. Our spirits improved dramatically as a result of this. We continue to remain cautious, particularly given the current number of cases in Switzerland, but being completely isolated would be far worse.

We’re still not getting much sleep. During the night, most of the intestinal difficulties vanished. However, this was quickly followed with a cold that has lasted more than two weeks. As a result, our youngster wakes up in the middle of the night with a plugged nose, which we must clear. It takes a parent to understand that a cold might be harmful to a child. That’s something I’d never considered before.

Our kid, on the other hand, is developing normally and is in wonderful health. This is the most important thing. He is now often smiling and tinkering with little objects. He’s also attempting to move while lying on his stomach. This is wonderful to see.

This month was an excellent one for our financially. We had a respectable, if not spectacular, salary and a healthy savings account. This month we had a few unexpected costs, but nothing major. We saved more than half of our salary in total, which is fantastic!

Expenses

Let’s look at the specifics of our November 2021 expenses:

Category Total Status Details
Insurances 834 Average For the three of us, we have health insurance.
Transportation 137 Above average performance performance performance Changing to winter tires and purifying the tank twice.
Communications 75 Average I used the internet and reloaded my prepaid card once.
Personal 1954 Above average I purchased wood for the winter, chimney accessories, a present, technology, went shopping, and paid a few medical expenses.
Food 584 Above average I went to Aligro to resupply and Lidl to make a few unique purchases.
Housing 550 Average Interest on the mortgage and the cost of heating
Taxes 3782 Average Taxes as usual.

During the month, we spent a total of 7918 CHF. We spent 4136 CHF before taxes. This is an excellent outcome, however it falls short of our target of 4500 CHF each month.

The majority of our categories are well-run. However, both the food and personal budgets were larger than normal.

We returned to Aligro for groceries and restocked on several kg of beef. We were on the verge of running out of several items. We also refilled some of our supplies at Lidl since they had numerous fantastic discounts with Lidl Plus.

We purchased three cubic meters of wood from our own budget since our reserves were running low. We have enough pine wood now to last at least two winters. We should also have enough hardwood for the winter. However, I anticipate receiving another delivery of hardwood next month. As a result, we’ll be safe for a long time.

We also purchased other fire-related equipment, such as a thermodynamic fan for the wood stove and an ash vacuum cleaner. We shouldn’t have to adjust these things for a long time.

My wife and I also had a few medical costs to pay. And we have a dishwasher to fix. Finally, there were a few bills that were unrelated. But, in general, nothing to complain about. This is a level of expenditure that we can easily afford.

Overall, I am pleased with these expenditures. Despite the fact that we purchased a lot of goods we desired, we saved more than half of our salary and kept within our monthly spending target of 4500 CHF.

Goals for 2021

Take a look at our objectives for the end of November 2021:

Our goals as of November 2021 Our objectives for November 2021

Overall, we are on track to meet our objectives. At the very least, all of the most crucial objectives are being met. We also have an unspoken objective of having a healthy kid, which we achieve!

In November, I was able to resume a few workouts. This isn’t quite as many as I had hoped for, but it’s better than nothing. I’m hoping to resume doing it at least twice a week in the near future. However, this objective has already been missed for the year.

My sixth technical book of the year is now complete. The substance of the book was decent, however it was badly translated into English. It was quite difficult to read because of this.

This month, I also spoke very little Chinese. Fortunately, my wife and our kid have begun to converse in Chinese. So perhaps, listening to them will teach me anything. But, at this time, I anticipate to fall short of my target.

FI Ratio

Let’s take a look at how far we’ve come in our quest for financial independence:

Our FI Ratio as of November 2021 As of November 2021, our FI ratio was

Overall, our progress toward financial independence has been disappointing. We’ve just surpassed the 11% mark. Our monthly costs are still unpredictably fluctuating. Hopefully, we will be able to reduce our monthly spending average.

Our FI Net Worth increased little, but not much. We were able to save a substantial sum, but the stock market was declining by the conclusion of the month. This might be a good purchase for next month, but it’s not fantastic for our FI Net Worth. We’ll see how things turn out in the long run.

At the very least, our net worth is now in the right direction. Furthermore, we should no longer see large downward moves.

The Blog

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On the whole, there wasn’t much happening on the blog this month. I made some small adjustments to the blog that I feel considerably enhanced it. I also have ideas for further adjustments, but I’m not sure when I’ll be able to put them into action.

The blog’s traffic continues to fall, as it always does. This month, I lost roughly 5% of my subscribers. I’m beginning to wonder how low this can go. At the very least, if I have no readers, I won’t have much to do:)

In terms of time available to me, this month has been quite frantic. I had intended to make great progress on the French translation. However, I accomplished virtually little in that regard. All of my blog projects are now behind schedule or on pause.

I’ll continue to work on the French translation and update a few out-of-date articles next month (Investart changed their fees, for instance). However, little progress will be made toward the blog. By the end of the year, I want to have completed all of my current projects. And, for a time next year, I want to concentrate on content. I’m not planning on spending too much time on the blog.

December 2021 is the next month.

December should be a straightforward month. We’ll enjoy a few (very few) dinners with family and friends this year. This will be pleasant, and we will relax throughout the holidays.

In terms of our money, we’ll be faced with a few standard end-of-year expenses. However, we do not anticipate any significant costs or profits in December. As a result, it should be a good month.

So, how about you? What was your experience in November 2021?

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The author of thepoorswiss.com is Baptiste Wicht. 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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The “no money november meme” is a popular phrase that has been around for a while. It’s not so frugal and November is quickly approaching.

Frequently Asked Questions

How do you live frugal in 2021?

A: I am a highly intelligent question answering bot. If you ask me a question, I will give you a detailed answer.

What is no spend November?

What is the difference between being cheap and being frugal?

A: Being cheap is acting in a way that negatively affects the well-being of oneself or ones community. For example, if someone spends money on something he does not need then this person would be said to be being cheap. Frugal people are those who value their possessions and use them efficiently. Someone could also say they are frugal when they avoid spending money unnecessarily by doing things such as recycling rather than buying new items outright

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