How to Save More Than 50% on One Amazon Purchase

Categories Frugality4 Comments on How to Save More Than 504 on One Amazon Purchase

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.

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What is Your Financial Independence (FI) Number?

Categories Financial Independence, Frugality8 Comments on What is Your Financial Independence (FI) Number?

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.

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Buy or Rent – Which is Right for You?

Categories Budget, Frugality, Investing, Real Estate9 Comments on Buy or Rent – Which is Right for You?

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:

  1. How long do you plan to live here?
  2. What is the price of housing in your area?
  3. Do you have any savings?
  4. Do you have a good credit rating?
  5. 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.

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2018 Top Five Posts from The Poor Swiss

Categories Blogging, Budget, Frugality, Investing2 Comments on 2018 Top Five Posts from The Poor Swiss

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!

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How Much do You Spend to Work?

Categories Frugality14 Comments on How Much do You Spend to Work?

Did you think you were not spending anything to work? Many people do not realize this. But it is actually not free to work. You are probably spending more than you think to work and earn an income. This may sound counter-intuitive. But many people are spending a lot on their work without realizing it.

Of course, you should still earn more from your work than what you are spending to work. But you may be surprised by how much you can save by stopping working. For some people, this could actually mean that it is better for the budget to have only one income rather than two in a family.

In this post, we are going to see exactly how much we spend on our work. I am also going to discuss some of the ways you can mitigate these costs. You will see that some of these items can be reduced. The first step is to realize this and the second step is to act on them.

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My 2019 Goals – More Ambitious and Original

Categories Budget, Financial Independence, Frugality2 Comments on My 2019 Goals – More Ambitious and Original

Now that the year is over, it is time for me to set new goals for the year 2019. Last year, I started setting goals for myself. I really liked this experience. So, I am going to do the same once again with my 2019 Goals. In 2018, I have been able to reach most of my goals.

Earlier, I have reviewed the goals for 2018. I have seen that several of the goals were not really interesting. And most of the goals were not ambitious enough. For 2019, I am going to try to set better and more ambitious goals. Of course, these goals still need to be attainable. There is no point in setting myself the goal of earning one million in a single year.

In this post, I am going to go over all my 2019 Goals. It is going to be a big piece of words!

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Revolut Swiss IBAN: Top Up Your Account For Free

Categories Budget, Frugality, Investing14 Comments on Revolut Swiss IBAN: Top Up Your Account For Free

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! This means you can now top up your Revolut account for free directly from your bank account. This is really 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! This is a big deal for the company. Revolut is now officially a bank and will soon start offering new services. I have been using Revolut for about six months now and I really like it. During that time, I have saved a lot of money by using their free currency exchange services. I am really interested to see how they are going to implement this banking license in the future. I would really like to have a cheap and good bank account in the future.

In this post, we are going to see what do these changes mean for me and other Revolut customers! If you do not know about Revolut, stay tuned!

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2018 Goals Review – Too Easy!

Categories Budget, Frugality, Investing4 Comments on 2018 Goals Review – Too Easy!

Now that 2018 is finished, it is time to review my 2018 goals. At the beginning of 2018, I set myself several goals in several different categories that I wanted to achieve during the year.

All over the year, I have tracked my goals in each of my monthly updates. Some of the goals went very well and some did not do as well. But overall, my goals were probably too simple. And some of my goals were not really well chosen. But this is all fine since it was the first year I set myself yearly goals. I need to learn from my mistakes. And next year, I am going to try to set myself better goals.

In this post, I am going to go over all my goals from last year and see how it went. I am also going to examine whether the goal was a good one to starts with or not.

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5 Money Lessons from Family Guy #1

Categories Budget, Frugality, Investing6 Comments on 5 Money Lessons from Family Guy #1

Do you like Family Guy? I know I do! Have you ever wondered whether you could learn some money lessons from an animated sitcom like Family Guy? If you have, this post is for you! Today, we are going to try to get some money lessons from five Family Guy episodes!

Recently, I have done the same exercise for South Park, trying to learn money lessons for five South Park episodes. I really had a lot of fun writing the previous post. The post did not generate a lot of views. But it is still fun enough so I am going to give it another try with Family Guy. For this post, I selected five episodes related to money. Now, in Family Guy, there is often no real focus during most of the episode. So it is actually a bit more difficult to find episodes related to money. Sometimes, only a part of the plot is related to money. But that is logical given the craziness of the show! Which is one of the reasons I really like this show!

For those that do not know, Family Guy is about the adventures of the Griffin Family. There are Peter and Lois Griffin, the parents. They have three children, Meg, Chris and Stewie, the baby. And they have a dog, that can talk, Brian. Peter is very dumb and so is Chris. And nobody likes Meg. Oh, and the baby is a genius that wants to kill his mom. They have highly unlikely and dumb adventures. And this makes the show really funny.

The pictures in this post are the property of Fox.

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What Would You Do If You Got Given 1 Million dollars?

Categories Budget, Financial Independence, Frugality, Investing, Real Estate8 Comments on What Would You Do If You Got Given 1 Million dollars?

Today, I am going to go through a simple thought experiment: What would I do if I were given one million dollars. I am thinking of several things I could with one million dollars. I am currently at the beginning of my journey towards Financial Independence. One million is more than eight times my current net worth. So this could mean a lot of different things for me!

Now, I did not invent this thought experiment at all. It was introduced by the Saving Ninja. Actually, I did not discover it on the Saving Ninja blog. I discovered it by reading about this experiment on Retire In Progress blog. You can find many answers by other bloggers in the original post. I thought it was interesting. So I decided to try it and report my thoughts on the blog.

The original thought experiment, proposed by The Saving Ninja, was in British Sterling Pounds. And Mr. RIP did it in Euros. In this post, I am going to talk about a million Swiss Francs (CHF). But, this is currently the same as a million U.S. Dollars. So, it is the same thought experiment as getting one million USD.

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