Depreciating assets are assets that lose value over time. Some assets are losing value at a rapid pace, while others are losing it more gradually.
It is essential to take depreciation into account when you compute your net worth and consider financial decisions. Depreciating assets can hurt your net worth badly.
Depreciation is one reason why some people think they are much more wealthy than they really are. And it can cause damage when they realize it!
In this article, we are going to talk about depreciating assets and what to do about them.
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These days, a lot of shopping is done online. It is so practical to shop for something online. It can save you a lot of time. And it allows you to compare many different websites to get the best deals easily. Shopping online can also save you some money.
Of course, online shopping also has its dark side. Since it is convenient to shop online, some people are buying many more things than they should. It is so easy to press a button and get things delivered at home. I am sure it happened to many of you. At least, it happened to me!
If you are only buying things you need, online shopping can be a great thing. But you still need to know where to shop online. Even in our small Swiss country, there are hundreds of websites where to shop. And let’s not forget that sometimes online shopping is not cheaper than shopping in a normal shop!
In this post, I am going to list the best online shopping websites in Switzerland. This list should allow you to shop for the best prices!
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A credit card is a powerful personal finance tool. But it is only a good tool if used correctly. And unfortunately, many people are not using credit cards correctly.
The first important thing is to choose a card with no annual fee. You should focus on that first. Contrary to what credit card companies want you to believe, it is often better to get a credit card with no fee and smaller cashback than an expensive card with a lot of cashback. The important thing is to do your research and compare it with your actual credit card spending.
I am going to assume that you carry no credit card debt and always your balance in full. Otherwise, it is an entirely different issue!
Let’s explore the different credit card options that are available in Switzerland.
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CSX is a new digital bank account by Credit Suisse. They have just started this new offer in 2020. And this account is much cheaper than the standard Credit Suisse accounts. The CSX bank account can even be free if used correctly.
Interestingly, even large Swiss banks are jumping on the digital bank account wagon. This is a good trend if that allows people to pay lower fees for their bank accounts.
In this article, I will review the CSX bank account in-depth and compare CSX with other digital bank accounts.
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The second wave is now well established in Europe. Several countries are back in lockdown. And several states of Switzerland are now in lockdown as well. Some states are only in semi-lockdown, but new measures are taken daily. I would not be surprised if we went into a nation-wide lockdown very soon.
In this context, many people have less to do than usual. So, why not dedicate some of this extra time to improve your finances?
In this article, I want to talk about 7 things you can do in lockdown to improve your personal finances.
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Zak and Neon are two good Swiss Digital bank accounts. They are both entirely digital and accessible through mobile applications.
The great thing about these bank accounts is that they are significantly cheaper than conventional bank accounts. Their low prices are what make their success. And they have some attractive features.
But which one should you choose? Which of Zak vs Neon is better for you? Let’s find out!
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Everybody needs a bank account. Your company (or clients) will transfer your income into a bank account. And you will need to pay your bills from your bank account. Unless you live entirely off the grid and get paid in cash, you will need a bank account. But which Swiss Bank should you choose?
There are tons of different banks. After all, Switzerland is the country of banks. However, contrary to popular belief, Swiss banks are not great!
Most Swiss banks are costly and offer poor service. You can find much cheaper and better banks in other countries. Fortunately, this is starting to improve with some new banks that try to make things move in a better direction.
Let’s see which is the Best Swiss Bank in 2020! But first, let’s start with how we can choose a bank!
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Neon recently released a new and very exciting feature when they announced their partnership with TransferWise. With this partnership, international transfers with Neon will now be cheaper and faster!
Now, when you do a transfer to another country, in another currency, Neon will route the transfer through TransferWise. So, we can profit from the very good banking routing system that TransferWise uses.
With this partnership, Neon is now the cheapest (and fastest!) Swiss bank for international transfers from Switzerland! It is awe-inspiring for a bank that is only a few years old.
So, let’s see what this partnership means for Neon!
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Update: Fully updated as of August 2020! Plans have become even cheaper than before!
We can agree that everybody wants to pay as little as possible for their phone bills. Even though you may think your current phone plan is the cheapest available, there could be new deals since you started using your plan. It is always essential to keep up to date with the latest offers.
The Swiss Phone plan market is quite diverse these days. Fifteen years ago, it was almost only Swisscom, and everybody was content with it. Now, many other providers are using one of the three major networks.
In this post, I am going to compare the phone plans and prepaid cards for seven standard phone usages. For each of them, I will show the cheapest options available. Keep reading if you want to save money on your phone bill!
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There are many ways to budget for personal households. And there is no such thing as the best way to budget that will work for everybody.
Many people use many different ways to budget their life. As long as the way you choose works for you, it is enough. You just need to find the best way for yourself.
Continue reading “5 Main Ways to Budget to save more money”