Frugal Living in Switzerland Interview 3 – Thomas Sparkojote

Categories Frugality, Switzerland18 Comments on Frugal Living in Switzerland Interview 3 – Thomas Sparkojote

Recently, I have started a series where I interview people living frugally. People have really well received these articles. So I am going to try to keep them going!

Today, I am interview another frugal person living in Switzerland, Thomas “Sparkojote”. He is a young, 23 years old, blogger, living in Zurich, one of the most expensive cities in the world. And he is actually saving more than 80% of his income! This makes him the most frugal of the persons I have interviewed so far! It is incredible how little he is spending.

So here are the answers of Thomas to my frugal interview questions!

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Why and How to Go Paperless in 2020?

Categories Financial Independence, Frugality16 Comments on Why and How to Go Paperless in 2020?

I think a lot of people will agree that having lots of paper documents at home is a hassle. Who would not want to get rid of all this for a better solution?

Recently, I decided to become paperless with my administrative documents. It was a long work. But now, I am finally done. All my documents are available as electronic documents now. I have been able to throw away five big document binders!

I have used my phone as a scanner and uploaded all my documents to the cloud. Now my documents are accessible from anywhere. And they are safely stored in the cloud.

Find out how I became paperless for free in this post. And how you can do it too!

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Transferwise vs Revolut: Which Is Best For You?

Categories Investing, Frugality75 Comments on Transferwise vs Revolut: Which Is Best For You?

TransferWise and Revolut offer services that are quite similar. They are both offering cheap money transfers in many different currencies. How can you decide between both services?

I have both cards. But, I am mostly using my Revolut card. So, many of my readers asked me why I was mainly using my Revolut card, where I could have only used my TransferWise card. Today, I am going to answer the question: Which is better between TransferWise and Revolut?

Both companies will help you save money on foreign currency exchanges. However, they are still different in their fees and their offers. They both have some pros and cons. And that is precisely what we are going to go over in this post.

When I started using Revolut, there was no way to top it up for free from my bank account since they did not have a Swiss bank account. Therefore, I was using a TransferWise card as an intermediary between my bank account and my Revolut account. Now, Revolut has a Swiss IBAN, and I do not have to use my TransferWise card anymore. Let’s see why I am using Revolut more than TransferWise.

For this comparison, I am only going to go over the personal accounts, not the business accounts. Both TransferWise and Revolut offer accounts for businesses. But this is out of scope for this article. So, let’s compare TransferWise vs Revolut.

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Revolut in Switzerland Top Up For Free with Revolut Swiss IBAN

Categories Investing, Budget, Frugality54 Comments on Revolut in Switzerland Top Up For Free with Revolut Swiss IBAN

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!

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Frugal Living in Switzerland Interview 2 – Mr. Road To Fire

Categories Frugality15 Comments on Frugal Living in Switzerland Interview 2 – Mr. Road To Fire

Last month, I started my new interview series: Frugal Living in Switzerland. The first interview with Janet was very well received by my readers. In this series, I am interviewing people that manage to live frugally in Switzerland, one of the most expensive countries in the world.

Today, I am going to interview another frugal person living in Switzerland, Mr. Road To Fire. He is a young manager, saving more than 55% of his income! It is another great example of how you can live very frugally in Switzerland.

Without further ado, here are the answers of Mr. Road To Fire to my questions!
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Never pay any currency exchange fee again with the Revolut Credit Card!

Categories Frugality, Travel34 Comments on Never pay any currency exchange fee again with the Revolut Credit Card!

One big problem with most credit cards is that they charge hefty fees for transactions in foreign currencies. If your base currency is Swiss Francs and you are paying something in dollars, you will have to pay a percentage of the transaction as a fee. It is not uncommon for credit card companies to charge more than 2% fees on such transactions. That is where the Revolut travel card comes into play!

As we are going to see, Revolut can help you save a lot of money on foreign transaction fees. Moreover, where banks are generally giving bad exchange rates between currencies, Revolut is usually giving you the best exchange rates available. If you purchase things in other currencies, or even from other countries, such a travel card is essential to saving you money!

I already tried to find the best credit card in Switzerland. When I compare all my options, I found out that foreign exchange fees were costing me more than the annual fee of the credit card. So, a travel card such as the Revolut credit card will save you a lot of money!

In my first review of my options for Switzerland, I already took a look at Revolut. At that time, I did not delve too deep into it. It is now time to fill this void in my credit card strategy. I finally decided to order a Revolut credit card! And I found out a process to top up a Revolut card for free in Switzerland!

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All you need to know about Car Insurance in Switzerland

Categories Frugality, Switzerland8 Comments on All you need to know about Car Insurance in Switzerland

In Switzerland, you have to have some insurance for your car. But, the system is quite complicated, with many options. And the insurance dealers will not make car insurance easy for you.

There are several different levels of insurance for your car. And only one level is mandatory. And there are even some options that are useless. But insurance dealers will always try to make you take as many options as possible.

In this post, I am going to cover the details of the car insurance system in Switzerland. We are going to see the different levels of insurance and which one you should use. By the end of this article, you will know exactly what you need to pay for your car insurance.

And hopefully, you will be able to reduce your car insurance bills!

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9 Great Tips to Save Money when you Travel Abroad

Categories Frugality, Travel12 Comments on 9 Great Tips to Save Money when you Travel Abroad

It is great to travel abroad. You get to discover a new country and culture. However, it can get expensive. So, if you plan on traveling abroad, you need to think of ways to save money. There are tips to save money when you travel abroad. You need to take advantage of them.

I want to talk about all the ways we have used to save money when we travel. And many of these tips can help you save a lot of money. And you will not need hours to apply them.

I am going to focus on things you can do when you travel abroad. But you can also use most of these tips when you travel to your own country.

Without further ado, let’s see 9 Tips to save money when you travel abroad!

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Fight Food Waste with Too Good To Go

Categories Frugality8 Comments on Fight Food Waste with Too Good To Go

Did you know that one-third of the world food production goes to waste? It is just insane! Do you wish there was a way to fight this? Well, there is: It is Too Good To Go.

Too Good To Go is a service that lets connects business and people to fight food waste. Instead of throwing their unsold products at the end of the day, businesses can sell them to people. They offer a mobile application to do that.

I think this is an awesome concept. It can prevent a lot of food from being wasted. I hope this thing starts getting more popular and continue expanding!

We used this service three times. Find out about our experience!

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Frugal Living in Switzerland Interview 1 – Janet

Categories Frugality, Switzerland20 Comments on Frugal Living in Switzerland Interview 1 – Janet

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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