Emergency Fund – Do you Really Need One?

Categories Budget, Financial Independence, Frugality, Investing4 Comments on Emergency Fund – Do you Really Need One?

If you are interested in 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. Most people will advise you to get an emergency fund. 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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MBudget Mini and Maxi Promotion – Twice More Monthly Data

Categories Budget, Frugality8 Comments on MBudget Mini and Maxi Promotion – Twice More Monthly Data

I have had Migros MBudget mobile plan for about a year now. And I have 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 is 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 :)

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June 2018 – Insurance month!

Categories Frugality, Monthly14 Comments on June 2018 – Insurance month!

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

Although it is a good month for savings, it is 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 is still not too bad :)

Read on if you want to know what happened to use in June 2018!

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How to Sell Things Online in Switzerland?

Categories Frugality, Side Hustle, Switzerland6 Comments on How to Sell Things Online in Switzerland?

When you have a lot of things at home, there are probably many of these things that are not necessary. A good way to get rid of some of these things is to sell them. You will save space and earn some money! There are many ways to sell things. But in today’s age, selling online is often the way to go.

For instance, recently, I did some ordering in my technology closet (yes, I am the kind of guy that has 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. I also decided I was being crazy and started to dismount two of my servers to sell the pieces.

I am mostly using online websites to sell things. To be honest, I am far from being a minimalist. This is easily seen by my technology that is still too full after this first purge. But I am trying to reduce a bit the amount of burden I own. And if I can get some money in the process, it is a nice bonus!

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

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Revolut Credit Card – Eliminate Foreign Exchange Fees!

Categories Frugality, Travel25 Comments on Revolut Credit Card – Eliminate Foreign Exchange Fees!

One big problem with most credit cards is that they charge large 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 cards 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 transactions fees. Moreover, where banks are generally giving bad exchange rates between currencies, Revolut is generally giving you the best rates available. If you purchase things in other currencies, or even 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 on the card.

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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TCS Travel Mastercard Gold Credit Card with 1% cashback!

Categories Frugality, Switzerland4 Comments on TCS Travel Mastercard Gold Credit Card with 14 cashback!

I already compared the credit cards in Switzerland. At this point, I came to the conclusion that the best credit card is the Cumulus Mastercard. I compared several credit cards to come to that conclusion. However, even though I have found a good credit card for my situation, it is a bad idea to not consider new options.

However, there is a card I have not considered in my first comparison. The Touring Club Suisse (TCS) is offering two new 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 at least it is a free credit card. What is more interesting is the TCS Travel MasterCard Gold. This card will cost you 100 CHF per year, although it is free in its first year. But they will give you 1% cashback. In this post, I am going to look at this card in details.

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How To Build a DIY Bookshelf for 65$

Categories Frugality4 Comments on How To Build a DIY Bookshelf for 65$

I always liked to build things myself. I had always wanted to buy a Do-It-Yourself (DIY) furniture myself. At first, I wanted to do it principally for fun. But I also wanted to save money on buying new furniture. Since we needed a new bookshelf for our living room, we decided to build a bookshelf ourselves.

We did it with Mrs. The Poor Swiss. None of us is an expert and it is our first DIY furniture. I am reasonably handy in general. And I built a few things with wood when I was a kid. But that was a long time ago. For this project, I watched a lot of DIY videos on Youtube and it taught me a lot. But that is all the experience I have. If you have advice for us, do not hesitate to let us know! In the end, we still managed to build something quite nice for our experience!

In this post, I am going to go over all the steps necessary to build this project. And since it is a finance blog, I am also going to go over the costs of building the wood bookshelf by ourselves.

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The basics of investing – Why and How to invest?

Categories Financial Independence, Frugality, InvestingLeave a comment on The basics of investing – Why and How to invest?

Investing is something that not enough people do. This is something that I actually started to do too late myself. For some people, it can be intimidating to start investing. Therefore, I decided to write a series of posts on Investing. This series of post is meant to be an Investing Guide For Beginners.

This is the first post I am going to write about Investing. I am 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 a broad sense.

In this guide for beginners, 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 motivate some people to start investing. If you want this series to be available as an ebook, let me know and I will see what I can do.

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

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What is The Best Credit card in Switzerland ?

Categories Frugality, Switzerland18 Comments on What is The Best Credit card in Switzerland ?

Everybody will agree that credit cards are very useful. A credit card is a powerful tool to improve your personal finances. However, if you do not choose an adequate credit card, it may actually make your finances worse.

The first important thing is to choose a credit card with no annual fee. You should focus on that first. Contrary to what credit cards want you to believe, it is often better to get a credit card with no fee and smaller cash back rather than an expensive credit card with a lot of cashback. The important thing is to do your research and compare with your actual credit card spending.

Let’s explore the different credit card options that are available in Switzerland.

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We Got Married! Our Wedding in Switzerland

Categories Frugality, Switzerland15 Comments on We Got Married! Our Wedding in Switzerland

We got married! Last Friday (18.05.2018) Mr and Mrs the Poor Swiss got married! It was a really nice and simple official ceremony in our state. We invited our closest friends and family members to the ceremony. And then we did a simple party at our apartment. Find out about our wedding in Switzerland.

This post is mostly an occasion for me to share the good news ;) And some photos! I will also share information about how weddings in Switzerland. It is nothing really special. But it could help some readers if they do not know how it works here.

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