Emergency Fund – Do you really need one ?

Posted on Categories Budget, FIRE, Frugality, Investment, Tips4 Comments on Emergency Fund – Do you really need one ?

If you are interested about personal finance, you should 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.

It’s 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 don’t need one. Personally, I don’t think an emergency fund is a bad thing. But you should be aware of its cost. 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 things to do to keep your food budget small

Posted on Categories Budget, Frugality, Spending, SwitzerlandLeave a comment on 5 things to do to keep your food budget small

Our food budget is something that we are managing to keep quite low. Last year, it was still too high. So I changed some of my habits and now we manage to keep our food budget around 400 CHF in average. For two people. This may seem high, but for Switzerland, I think it’s quite reasonable.

To reach this low food budget, we are doing several things. Mainly, the idea is to compare several shops and only shop where you can get the best bargain. If you all the way, you should compare for each product. But who got the time ? The idea is more to select one cheap shop as the main shop and then buy some cheaper things in other shops but less often.

In this post, I’m going to list 5 things we do, and that you could do too, to keep our food budget low.

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MBudget Mini and Maxi Promotion – Double the monthly data

Posted on Categories Budget, Frugality, Spending8 Comments on MBudget Mini and Maxi Promotion – Double the monthly data

I’ve just seen that Migros started a very nice offer on their MBudget Mini and MBudget Maxi mobile plan. You can now get twice more mobile data each month for free. I think it’s a great offer. So I wanted to share this offer with you! I hope many of you can profit from this awesome offer!

From July 1st to August 31st, you get twice more data for one year. For the same price! This is also working for current customers! My monthly data allowance just got doubled from 600Mo to 1.2Go :)

Here are the details of the two plans from Migros:

  • MBudget Mini is 19 CHF / month. You normally get 600Mo per month. Now you can get 1200Mo per month
  • MBudget Maxi is 29 CHF / month. You normally get 2Go per month. Now you’ll get 4Go per month.

Here is the link to the promotion: MBudget Mobile Double Data promotion

If you are an existing customer, there is no downside to it. You can get double the data for one year. If you want to change mobile plan, this is the perfect plan :)

I’ve been a customer of Migros mobile plans for more than 1 year now. Recently, I changed from the Maxi to the Mini plan to save 10 CHF per month. I haven’t had any issue with them so far. The plan is great and I’ve been able to keep below 600Mo. However, I have to be very careful. But with more data, I will be able to use my phone a bit more. Especially since I don’t have WIFI at work anymore. So far, I really their offer. And the network is really good since they are using Swisscom network which is the best in my region. For now, I don’t have any reason to find a better plan. And it’s even more the case with this offer.

What mobile plan do you prefer ?

June 2018 – Insurance month!

Posted on Categories Frugality, Monthly, Spending14 Comments on June 2018 – Insurance month!

Less things happened in June 2018 than the crazy previous month!

Although it’s a good month for savings, it’s not as good as I planned. This month is the first month I received my new salary :) But it was a very expensive month :( We had to pay many insurance fees. And several other relatively big expenses. But it’s still not too bad :)

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How to sell things online in Switzerland ?

Posted on Categories Frugality, Minimalism, Side Hustle, Switzerland, Tips3 Comments on How to sell things online in Switzerland ?

Recently, I did some ordering in my technology closet (yes, I have a technology closet…). And I realized that I had way too many things stored at home. I also realized that I had way too many servers. So I decided to sell online a few things and to dismount two of my servers to sell the pieces. I’m mostly using online websites to sell things. I’m far from a minimalist. But I’m trying to reduce a bit the amount of burden I own. And if I can get some money in the process, it is bonus ;)

In this post, I’m going to talk about what am I selling online in Switzerland. And how am I selling them!

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Revolut Credit Card – No more foreign exchange fees!

Posted on Categories Frugality, Spending, Tips12 Comments on Revolut Credit Card – No more foreign exchange fees!

Yes, yet another post about credit card :) This one is going to be about the Revolut credit card.

Three weeks ago, I tried to find the best credit card in Switzerland. And last week, I studied another credit card, the TCS Travel Mastercard Gold, with 1% cash back. At this point, I found out that foreign exchange fees were costing me more than the annual fee on the card.

In my first review of my options for Switzerland, I already took a look at Revolut. They offer prepaid credit cards with free foreign exchange transactions! I didn’t want to consider it because there were a few problems. In this post, I’m going to come back to these problems. 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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TCS Travel Mastercard Gold credit card – 1% cashback!

Posted on Categories Frugality, Spending, Switzerland, Tips4 Comments on TCS Travel Mastercard Gold credit card – 14 cashback!

A few weeks ago, I compared the credit cards in Switzerland. I came to the conclusion that for me, the best credit card would be to use Cumulus Mastercard. Since then, I ordered the card, but I haven’t received it yet. I’m also waiting on Revolut to finally get a Swiss IBAN so that I can top it up for free.

However, there is a card I haven’t considered in my first comparison. The Touring Club Suisse (TCS) is offering two credit cards for its members. The first one is the TCS Member MasterCard. This is not really interesting since it does not have any cashback, but it’s free. What is more interesting is the TCS Travel MasterCard Gold. This  card will cost you 100 CHF per year, although it’s free on its first year. But they will give you 1% cashback. In this post, I’m going to look at this card in details.

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Our first DIY project: A 65$ wood book shelf

Posted on Categories DIY, Frugality4 Comments on Our first DIY project: A 65$ wood book shelf

For a while now, I wanted to buy a Do-It-Yourself (DIY) furniture myself. I wanted to do it principally for fun. And also, I wanted to save money on buying new furniture. Since we needed a new bookshelf for our living room, we decided to build a book shelf ourselves.

We did it with my wife. None of us is an expert and it’s our first DIY furniture. I’m reasonably handy. I watched a lot of DIY videos on Youtube and it taught me a lot. But that’s all the experience I have. If you have advice for us, don’t hesitate to let us know :) In the end, we still managed to build something quite nice for our experience :)

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The basics of investing

Posted on Categories Broker, FIRE, Frugality, InvestmentLeave a comment on The basics of investing
This post is part 1 of 5 in the series Investing – All about investing.

 

This is the first post I’m going to write about Investing. I’m going to try to cover as much as possible on the different forms of investing. In this first post of the series, we are going to see what is investing in the broad sense.

I don’t yet know how many posts will be in this series. I will try to cover the basics, the stocks, the funds, Exchange Traded Funds (ETFs) and so on :) Hopefully, it will be interesting for some of you and it will motivation some people to motivate.

I’m no financial advisor. I’m not nearly an expert investor. This post is just what I know about investing from my experience and from research. 

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What is the best credit card in Switzerland ?

Posted on Categories Frugality, Spending, Switzerland, Tips9 Comments on What is the best credit card in Switzerland ?

This month I had to use my credit card a lot. We paid for our honeymoon in full in advance. I also had to advance money to my company for a trip that they will reimburse later. Also, we purchased many things online. Finally, we pay all our groceries with credit card. To make sure I could pay for our wedding lunch, I even had to increase my limit to 5000 CHF.

Once I realized how much I was using this credit card, I started to wonder if my card was the best available for me. Also, I read a lot of stories of people getting a lot of flights and hotels for free using credit cards. I wanted to know if this was possible for me too. Let’s explore the different options that are available in Switzerland.

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