A common opinion in the personal finance blogosphere is that cars are evil! If you read many blogs, you will have seen that opinion, sometimes vehemently. Especially, buying a new car seems to be a terrible idea for most people. Today, I am going to argue that this is not as bad as people want to make you believe. I personally own a car and I bought it new. And I am going to buy the next one new as well! I have already said that I am mostly using my car to go around.
I am going to compare using my car compared to using public transportation. Given where I live, it would be impossible for me to go to work by bike. But comparing a car against biking or other alternatives can be an interesting comparison as well if you can use other means of transportation.
There are several important factors when comparing two means of transportation. Money is important if you want to be frugal, but time is also important as well. And convenience can be important to some people. Finally, we should not forget about the environment either. As to the weight of each of these factors, it would be highly subjective.
In this post, we are going to compare cars and public transportation for my own situation. You need to do the same comparison to decide based on your own situation!
Continue reading “Cars are not the evil of personal finance!”
You have probably already heard of lifestyle inflation? I have already talked a bit about that since I fell into this trap myself. It is a very important subject because many people are subject to it. And lifestyle inflation can ruin your financial life. It is important to learn how to avoid life style inflation!
Lifestyle inflation is happening when your spending is going up and up. Many people when they get a raise or some extra income, they simply go with spending it all. They do not only do it for one month, but they also do it the next month as well. And the following time they get a raise, they do exactly the same. Some of them can afford it, but some people go into debt in that vicious circle.
The main problem is that most people do not consider everything there is to consider when getting some extra income. For instance, they do not consider that they will have to pay more taxes when they get more income. And they do not consider the upkeep costs of some of the things they buy. Moreover, they also do not think of their retirement. The more you spend each month, the more difficult it is to retire.
In this post, we are going to see all about lifestyle inflation. I am also going to talk about a few rules you should consider if you want to avoid, or limit, lifestyle inflation.
Continue reading “How to Avoid Lifestyle Inflation?”
Frugality and expenses are difficult to compare between two different households. This is especially true if you compare different situations like family and children. And it is almost impossible to compare yourselves to people from another country. Therefore, it is important to compare with the average household comparable to your household.
If we compare our expenses with the FIRE community, we are not really frugal. In 2018, we spent about 5330 CHF per month. This is far higher than what most people trying to reach for FI are spending. I often read personal finance blogs where people claim to be living below 2000 CHF in Europe. We are being careful about our budget. And we are optimizing it to reduce it month after month. It is already much lower than before. And in 2019, one of our goals is to spend less than 5000 CHF per month. We will see if we can do it. However, we should also compare with the average household in our country.
I do not think we are spending too much. When I compare with most people I know, we are alright. But I wanted to compare with more data with the average Swiss household.
So, in this post, I am going to compare our current level of expenses with the average Swiss household. I have been able to find official data from the Swiss bureau of statistics. And I was able to compare in details how we fare against the average Swiss household. It is really interesting to do! If you can do the same for your own level of expenses and your reference average household, I would strongly encourage you in doing so!
Continue reading “The Poor Swiss versus the Average Swiss Household”
There is no denying that ski is a very expensive hobby. And this is especially true in Switzerland, one of the most expensive countries in the world. First of all, you will have to spend a lot in order to get your ski equipment. But then, you will have to pay at each ski stations to use their ski lifts. And this is not cheap as well.
However, there are a few things you can do to ski for less in Switzerland. The ski season is almost over. But these tips can be very useful for next year. This is especially true if you are a beginner or you are teaching to a beginner. For instance, we have been able to ski for free with Mrs. The Poor Swiss at the beginning.
In this post, we are going to see 9 techniques that will help you ski for less in Switzerland. If you know other tips, I would love to hear about them!
Continue reading “9 Frugal Tips to Ski For Less in Switzerland”
The Konmari method is a tidying method developed by Marie Kondo. She has been a consultant for tidying houses and offices for many years. She soon realized that she had a lot of clients and that she could consult in person for them all. So she decided to write her method in a book: The Life-Changing Magic of Tidying. I just finished reading this book on my Kindle and I wanted to share my thoughts about it.
Overall, the method is really simple. You discard all the things that do not bring joy to your life. Then, you set a place for each of your belonging. And after that, you should no need to tidy ever again. Of course, there are some subtleties. But overall, it is really simple.
Keep in mind that I never tested this technique. I just read the book and gathered my thoughts about it. If you already read this book or learned about this method, I would be glad to hear your comments.
Personally, I do not have a lot of issues with tidying. Most of the time, my apartment is very tidy. However, I have a problem with discarding and I should really improve that. In the last year, I have discarded a lot of things. And I want to continue in that path and reduce even more my belongings. I will never be a true minimalist. But tidiness is important for me.
In this post, I am going to go over the Konmari method and what this book can teach you.
Continue reading “The Life-Changing Magic of Tidying – The Konmari Method”
Today’s post is a money-saving post by Aiden White, a San Francisco Writer. She enjoys writing about debts and many other financial subjects. She is the author behind consolidatecreditcard.org. I am very happy to have her contribute a guest post to my blog!
People may have started this New Year with lots of hope and life goals to improve their financial life. They are making new plans to reduce their monthly expenses, consolidate multiple debts, create savings accounts and an emergency fund to handle their money well.
Controlling your money and life may require some new hacks for saving money more easily and achieve financial freedom in 2019. These money-saving hacks are related to your day-to-day life with the goal of helping you cut costs.
In order to improve your savings this year, you will definitely require a few money-saving hacks so that you may easily wipe out all of your financial problems!
So, try to implement these money-saving hacks and save more in 2019!
Continue reading “25 Money Saving Life Hacks for 2019”
For a while, I had wanted to buy a new home automation hub. However, the one I wanted, the Samsung Smartthings Hub V3 was a bit too expensive on Amazon. After a while, I figured out a way to get 50% of this item by ordering it from another Amazon website and dispatching back home with a mail transfer service.
With this technique, I have been able to save more than 175 CHF on a single Amazon purchase. I did not discover a new technique, this is already known by quite a few people. However, I do not think many people use it. But since it took me a while to figure it out and it saved me a lot of money, I figured it would be interesting to share it with my readers. It is the first time I am using a mail forwarding service in order to save money.
In this post, we are going to see how I saved more than 50% on a single purchase on Amazon by forwarding my parcel from the UK.
Continue reading “How to Save More Than 50% on One Amazon Purchase”
We have already covered a lot of matter on the subject of Financial Independence (FI). However, we need to go into more details about the FI Number. This is an essential Personal Finance Metric. Your FI number is the amount of net worth you need to reach before you are financially independent. It is very important to know this number exactly if you want to know where you stand in your journey towards Financial Freedom. It sounds very simple. But it is not as simple as it looks.
If you want an accurate view of your FI number, you need to estimate how your expenses will be once you are financially independent. And you also need to consider your future income. There is also a second simpler strategy where you simply consider your current expenses. We are going to see all of that, and more!
In this post, we are going to cover in details on how to calculate your Financial Independence (FI) number.
Continue reading “What is Your Financial Independence (FI) Number?”
This is a guest post by Jasper L. Stojanovski from Stojfinance.com. Jasper is a 19 years old man with a passion for investing that hopes to pursue a career in finance. I am very happy to have him contribute to this blog.
Are you moving out of your home and cannot decide whether to buy or rent?
Many people prefer owning a home. However, financially, this might not be an option for you now. In this post, I will explore the pros and cons of each, so you can decide what is best for you. But before I begin, you will need to answer a few questions:
- How long do you plan to live here?
- What is the price of housing in your area?
- Do you have any savings?
- Do you have a good credit rating?
- Can you afford to perform regular maintenance?
Once you will have the answers to this question, you will be ready to consider whether you should buy your home or rent your home.
Continue reading “Buy or Rent – Which is Right for You?”
Now that the year is over, I thought it would be interesting to see which of the posts I wrote in 2018 have been the most popular. Therefore, I collected the list of the Top Five posts from the blog in 2018.
For this Top Five list, I took the five most visited posts of the year, counting page views. I did not take any pages from my blog into account. In fact, the most popular page on the website is the home page, closely followed by the About The Poor Swiss page. I should note that this may not be the best metric to check popularity. Indeed, some posts are older than others and as such have more views than really recent ones. Moreover, even though some posts have a lot of views, they do not have a lot of comments. So this is not a perfect list. Regardless, I thought it would be interesting to see what come out!
Stay tuned for the five most read articles from The Poor Swiss blog in 2018!
Continue reading “2018 Top Five Posts from The Poor Swiss”