Frugal Living in Switzerland Interview 1 – Janet

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Today, I want to introduce the first interview in my new series: Frugal Living in Switzerland! In this series, I am going to interview that manage to live frugally in Switzerland.

Switzerland is one of the most expensive countries in the world. Many people think we cannot live frugally in such a country. I want to prove them wrong.

And today, to prove that we can live frugally in Switzerland, I interview Janet, a good blogger friend. She saves more than 60% of her income, as a student!

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Digital Minimalism – Book Review

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I recently finished Digital Minimalism, by Cal Newport. I have been pleasantly surprised by this book. It is an excellent book!

This book is about breaking our dependence on digital technologies and services and regaining our attention. People are spending more and more time on their phones. Most people cannot keep a conversation without having to check their phones. This book will help you solve this!

I do not think I have a problem with social media or my phone. I have no personal social media profiles. And I use my phone as little as I can. In fact, except for some banking applications, my phone is almost empty.

Even though I am probably a digital minimalist for some things, I still learned some fascinating lessons in this book!

So, let’s see what this book is about and what I thought about it.

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Emergency Fund – Do you Really Need One in 2019?

Categories Budget, Financial Independence, Frugality, Investing14 Comments on Emergency Fund – Do you Really Need One in 2019?

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.

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5 More Money Lessons from Family Guy #2

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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.

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How to Tackle and Pay Off Various Forms of Debt

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Today’s post is a guest post by Andrew Rombach, a Content Associate at LendEDU – a website that helps consumers, small business owners, real estate owners, and more with their finances. I am happy to have him as a guest poster today. 

Switzerland has a lot in common financially with other countries, especially when it comes to consumer debt. Swiss residents deal with three “popular” debts that many consumers face across the globe. What kind of debt? — as if you even needed to ask!

Mortgages, credit cards, and car loans are often on everyone’s minds, but Swiss consumers may find they’re dealing with higher debt levels in those categories compared to other countries. In fact, households in Switzerland were recently found to have the highest consumer debt levels in the world. To put it in perspective, Swiss households have a higher debt to GDP levels than the U.S. did at the height of its housing bubble.

At any rate, dealing with debt is a natural part of being a consumer. It doesn’t hurt to know a few tips and tricks for paying down your credit cards or mortgage. If anything, making decent headway can reduce stress and open up room in your budget. Here are a few ways to pay off credit cards, mortgages, and/or car loans.

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All you need to know about Health Insurance in Switzerland

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The health insurance system in Switzerland is complicated. And since it is mandatory to have health insurance, it is imperative to understand it correctly.

These last few years, health insurance has become very expensive. But many people are paying much more than they ought to. You need to know that there are a few things we can do to pay less!

In this post, I am going to cover the details of the health insurance system in Switzerland. I am going to cover mostly the base health insurance in great details. You must choose wisely, and there are many options. I am also going to cover supplemental health insurance, but it is too varied to be covered in details.

So, let’s get into Health Insurance!

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Is Switzerland really So Expensive?

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People often cite Switzerland as the most expensive country in the world. Several of its cities, Zurich and Geneva, are also often named in the list of most expensive cities in the world.

Now, is it as expensive as people believe it is? Is everything more expensive or are just some items significantly more costly than others? And finally, are some things cheaper in Switzerland than in other countries?

In this post, I am going to answer these questions. We are going to discuss the price of several things in Switzerland. It should give us enough material to answer the question of whether Switzerland is really so expensive!

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9 Simple Tips to Find Cheap Kindle Ebooks in 2019

Categories Frugality, Budget15 Comments on 9 Simple Tips to Find Cheap Kindle Ebooks in 2019

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.

For frugal people, there is one big issue with Kindle books: You cannot buy used books. In the last two years, I almost have not purchased any Kindle ebook. Instead, I bought many used books. There is a second-hand shop near my current job. I probably bought over 40 books during this time. I bought them for less than 2 CHF each on average. And I only bought books in an excellent state.

The problem is the room second-hand books take! My bookshelf is full, and books are piling up! I am going to build a new one. But after some time, the new one will be full too. The other problem is traveling. If I need several books, it is a pain to carry them.

So I only bought Kindle ebooks for traveling. But there are still so many advantages to my Kindle. Therefore, I have been looking for ways to find cheap Kindle books. Here are nine simple tricks to find cheap ebooks for Kindle.

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26 Great Money-Saving Tips from The Best Finance Bloggers

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I am sure you like money-saving tips. At least, I sure do! I really like great and original tips about saving money. So today I am going to give you many of them!

And who best to give money-saving tips than the best Personal Finance Bloggers there are? So, instead of giving you my tips, I am going to give you the best money-saving tips from the best bloggers!

Without further ado, let’s see how to save money with the best money-saving tips from the best Money Bloggers!

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How to Overcome Lifestyle Creep For Financial Freedom

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(This post was first published on ThinkSaveRetire. Thanks a lot to Steve for the opportunity of guest posting.)

My personal goal is to become Financially Free as soon as possible. As a software engineer in Switzerland, I am earning about 130’000 USD per year. As such, I am viewed as a high-income earner.

People think that earning a high-income makes it easier to become Financially Free. And on some counts, it does. But most high-income earners are not financially free and a lot of them are not even wealthy.

People believe most high-income earners are wealthy. Indeed they generally show signs of wealth such as a very good car, a large house, and very good suits. But, a lot of these people do not have any savings and accumulate large amounts of debt. They are not wealthy at all!

The main reason for that is Lifestyle Creep! In this post, we are going to see exactly what it is. I am also going through my own experience with it. And more importantly, how high-income earners can overcome lifestyle creep for Financial Freedom!

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