Wise Review 2021 (formerly TransferWise)

Save

Wise (formerly TransferWise) is a British financial technology company. They provide many financial services, but they are especially known for their very affordable currency exchange services.

You can use Wise to send money to other people in many different currencies, with excellent prices. You can also use your Wise card to pay abroad at a low cost. But you can also use it as a bank account and hold many currencies in your account.

But how good is it really? Should you use Wise? Let’s find out the advantages and disadvantages of Wise.

Continue reading “Wise Review 2021 (formerly TransferWise)”

Raiffeisen Bank Review 2021 – Pros & Cons

Save

Raiffeisen is the third largest bank in Switzerland. Many people are using it, and many customers are even shareholders of the banks.

This bank has some unique characteristics that could make it interesting. For instance, you can become a shareholder of the bank! So, should you use Raiffeisen as your bank?

This is what this article is all about. I will do a deep review of the Raiffeisen bank, its banking features, its fees, and its pros and cons. By the end of the article, you will know whether you should use Raiffeisen or not.

Continue reading “Raiffeisen Bank Review 2021 – Pros & Cons”

Neon Bank Review 2021: The Best Swiss Digital Bank

Save, Switzerland

Neon is a great digital Swiss digital bank! It offers an entirely free bank account. Having a free bank is very important if you want to save money for managing your money. Swiss banks are becoming more and more expensive. So it is great to see some free alternatives!

Neon is a digital bank. It has no offices. So, you can manage your money entirely from your phone. With your bank account, you will receive a Mastercard that you can use for your payments. And you can use the mobile application to pay your bills and transfer money to other bank accounts.

I have been using Neon for more than one year now. So, I want to share my experience in this review of Neon.

Continue reading “Neon Bank Review 2021: The Best Swiss Digital Bank”

Yuh Review 2021: A new mobile banking service

Save, Investing

PostFinance and Swissquote just started a new joint venture: The Yuh banking application. With Yuh, you can save money on your account, pay in Switzerland and abroad and invest in the stock market and cryptocurrencies.

Yuh is an entirely digital offer. They have no offices. You can manage all your money directly from your phone. So, you will pay your bills and invest your money on your smartphone.

So, should you use Yuh? What features does it have? And how much does Yuh cost? Let’s find out!

In this article, I will review Yuh in detail, its features, its fees, its advantages, and its disadvantages!

Continue reading “Yuh Review 2021: A new mobile banking service”

Yapeal Review 2021 – New Swiss Digital Bank

Save

Yapeal is a very recent digital bank that was introduced to the public in 2020. They are the first bank of Switzerland to have a Fintech banking license.

Yapeal is advertised as the next generation of banking with many features and straightforward onboarding. They have a free tier, but several of their features are not free.

In this review, we are going to see exactly what is Yapeal: its features, its price, its advantages and disadvantages, and much more!

Continue reading “Yapeal Review 2021 – New Swiss Digital Bank”

Frugality is personal – Spend based on your needs

Save

These last few years, we have not spent a lot of money. Both me and Mrs. The Poor Swiss have been quite frugal. We try to spend less to grow our wealth faster.

Every month we are sharing our level of expenses. But this is not to show that people should spend as we do. We do this to keep us accountable. There is no reason for everybody to spend the same. In fact, spending is a personal matter and will depend on many personal factors.

We would not be comfortable spending as much as some people. And many people would not be comfortable spending as little as we do! And this is fine!

In this article, I want to discuss different levels of spending and reasons why some people may spend less or more than others.

Continue reading “Frugality is personal – Spend based on your needs”

Best places to buy second-hand in Switzerland

Save

When you want to save money on something, buying it second-hand may be a great way to pay less! Over the years, I have bought many things second-hand, and I could save a lot of money by doing so.

But the question remains as to where to find second-hand items to buy. In this article, I will go over the best places to buy second-hand items in Switzerland. Some places are online, while other places are brick-and-mortar shops.

Continue reading “Best places to buy second-hand in Switzerland”

How to work out at home for free in 2021

Save

Until COVID-19 started in Europe in 2020, I was going to the gym regularly to work out. But when I started working from home, I completely gave up on working out. This is definitely not ideal for my health.

In 2021, I decided to start working out at home. And I found out that this was actually easier than I expected. You can start working out with very little equipment (even zero if you want). And you can actually save a lot of money by doing so.

In this article, I will go over a few ways to work out at home for free.

Continue reading “How to work out at home for free in 2021”

How Much We Spent in 2020 – Full Expense Report

Save

I keep track of all my expenses. And monthly, I publish my expenses on this blog. But once a year, I also a full analysis of my expenses for the past year. It helps me put things in perspective. And it also gives me an idea of where my expenses are going for an entire year.

For me, it is an essential part of the way I am managing my money. I do not really budget, but I track all our expenses. And seeing expenses summed for an entire year help us realize how much we spend in some categories.

So, let’s see the expenses of The Poor Swiss family for 2020.

Continue reading “How Much We Spent in 2020 – Full Expense Report”

Emergency Fund – Do you Really Need One in 2021?

Financial Independence, Save

If you are interested in personal finance, you probably have come across the concept of emergency funds. An emergency fund is simply some money available directly that you can use for emergencies. Most people will advise you to get such an account. And they will insist heavily on this subject.

It is an interesting subject since not everybody agrees on the importance of the emergency fund. Some people have an emergency fund that can cover one year of expenses. And some people think you do not need one.

An emergency fund is a good thing. But you should be aware of its cost. It also has disadvantages. And you may not need an emergency fund as big as some people tell you. Too many people put too much emphasis on their emergency funds.

In this article, we are going to see both sides of the story. We are going to see in detail what an emergency fund is and whether you should have one or not.

Continue reading “Emergency Fund – Do you Really Need One in 2021?”