Credit Cards are an important part of your personal finances. They are tools that you need to use to your advantage.
The problem is that it is easy to misuse credit cards. You need to have a good credit card strategy to take full advantage of credit cards.
Continue reading “The Best 2020 Credit Card Strategy: No Fees and Maximum Returns”
Living in Switzerland is expensive. There is no point denying that. However, it is not as expensive as many people think. There are many ways to save money each month on your budget in Switzerland.
People pay too much each month for most of their bills in Switzerland. For many people, it is because they do not know they can pay less. Many people simply assume that they need to pay this amount and never try to optimize their budget.
Some households are also content with saving a tiny portion of their salary and do not try to save more. Finally, some people are simply falling into the trap of lifestyle inflation (very easy in Switzerland!). As long as their salary increases, they do not care too much about how their expenses increases!
But I think that people should always try to spend less when they can. When you can get the same quality for half the price, I do not see why you should pay more!
So in this article, we are going to look at 12 ways you can save money each month. The idea is to focus on recurring to have savings for the long term.
Continue reading “12 Easy Ways to Save Money Each Month in Switzerland”
In the Personal Finance community, many people are advising everybody to automate as much as their personal finances as they can. I am not one of them. I do not automate anything in my personal finances. I do not like automation for my personal finances.
I think it is a big mistake. Automating your personal finances is a lazy excuse for not being rigorous enough to manage them yourself. The worst is the “set it and forget it” advice for automating your personal finances!
Continue reading “Automating Your Personal Finances is a Mistake”
It is time for a full expenses report for the entire year 2019. I am already doing an expense report every month. But having a yearly view helps put things in perspective.
I think it is essential to do this. It shows that some expenses that you feel are small can quickly pile up. 400 CHF per month may not seem much, but this 4800 CHF per year! And this sounds like a lot of money!
Another advantage of doing that is to clean up all your expenses. In my budget tool, once I aggregate all our expenses together, I often see some small mistakes in my accounting. Once fixed, it makes the entire year nicer.
So, let’s see how much the Poor Swiss Family spent in 2019!
Continue reading “How Much We Spent in 2019 – Detailed Expenses Report”
I bought my Amazon Kindle more than six years ago. First, I purchased the original Kindle. A few years later, I bought the Kindle Paperwhite. I have been delighted with both. It is such a fantastic thing to travel with all my ebooks in my pocket and not have five or more heavy Books in my luggage.
Over the years, I bought and read well over 120 Books on my Kindle. At the time, I thought it was very cheap. And indeed, I was saving money compared to print Books. I realize now that this may not have been the case.
Continue reading “11 Simple Tips to Find Cheap Kindle Ebooks in 2020”
I think Swiss investors will agree that the biggest problem with Revolut was that they did not have a Swiss IBAN. Some good news just arrived for us!
Revolut now includes a Swiss IBAN when you want to top it up! It means you can now top up your Revolut account for free directly from your bank account. It is great since that was missing from the start on the Revolut account.
And probably even bigger news for Revolut: they got a European Specialised Bank License! It is a big deal for the company. Revolut is now officially a bank and will soon start offering new services. But for us, it will not change much soon.
I have been using Revolut for about six months now, and I like it. During that time, I have saved a lot of money by using their free currency exchange services. I am interested to see how they are going to implement this banking license in the future. I would like to have a cheap and good bank account in the future. In the meantime, Neon is an excellent bank account.
In this post, we are going to see what do these changes mean for other Revolut customers and me! If you do not know about Revolut, stay tuned!
Continue reading “Revolut in Switzerland Top Up For Free with Revolut Swiss IBAN”
For a lot of people, having a strict routine will help remember essential things. It is the case for me. I like routines. Each month, I am following the same personal finance routine for my budget. You can see most of the results in my monthly finance reports. In this post, I am going to describe the steps I am doing every month.
I think it is great to have a routine. It helps you get more efficient, and like this, you do not forget to do everything. And once you start doing it routinely, it becomes automatic, and you will save time.
Of course, you do not need to follow the same steps as me. You should probably not have the same steps. Every people can have different things to do based on the way they are investing or based on their situation.
But I would encourage you to define your at least a monthly routine clearly. You can use mine as a base template if you want. And why not even a weekly routine?
So, here are the 13 steps of my monthly personal finance routine.
Continue reading “The 13 Steps of My Monthly Personal Finance Routine”
If you are interested in personal finance, you probably have come across the term Emergency Fund. An Emergency Fund is simply some money, available directly, that you can use in case of emergency. Most people will advise you to get such an account. And they will insist heavily on this subject.
It is an interesting subject since not everybody agrees on it. Some people have an emergency fund that can cover one year of expenses. And some people think you do not need one.
Personally, I do not think an emergency fund is a bad thing. But you should be aware of its cost. It also has disadvantages. And you may not need a fund as big as some people tell you. I think that too much people put too much emphasis on the emergency fund.
In this post, we are going to see both sides of the story. We are going to see in details what an emergency fund is.
Continue reading “Emergency Fund – Do you Really Need One in 2020?”
It is time for another installment in the money lessons from animated sitcoms! It has been too long since I did one of these!
So today, we are going to find out about five more money lessons from Family Guy. Out of the three posts I did so far in the series, the one about Family Guy was the best received. So I figured I better start with this one for a second part!
If you do not know this show, it is an American animated sitcom from Seth Mac Farlane. The series follows the adventures of the Griffin Family. Contrary to some other series, it does not have a focus on one character or even one story. There are generally several stories in each episode. And often, the main one is not the funniest.
In the Griffin family, there is Peter and Lois Griffin, the parents. They have three children, Meg, Chris and Stewie, the baby. And they have a dog, Brian.
For more context, nobody likes Meg, the baby is a Genius, and the dog can talk! And both Peter and Chris are pretty dumb! Oh, and the baby wants to kill his mom. It is a hilarious show!
In this post, we are going to talk about five episodes from the show with some focus on money. The idea of the series is to see if we can learn some things about money from animated TV sitcoms.
The pictures in this post are the property of Fox.
Continue reading “5 More Money Lessons from Family Guy #2”
Everybody will agree with me that paying 1.5% of fees, or even more, on each transaction abroad really sucks! That is not something you want to think about when you are on vacation or shopping online in other countries. Thanks to N26, this should never be necessary anymore!
N26 is a digital bank offering transfers in other currencies for free! Not only that. But the entire bank account is free! And they are a bank! European regulations will protect the money you have on N26. You can even withdraw money for free several times a month! That sounds great!
In this post, I am going to cover everything you need to know about N26. And since I have already talked about Revolut on this blog, I will compare both services, which are similar but not equivalent!
Stay tuned to find out how to save money on foreign exchange fees!
Continue reading “N26 in Switzerland – Save on Foreign Currency Fees”