How to save more money?
If you want to get wealthy, you will need to spend less than you earn. Saving more can be done by optimizing your budget, cutting down your recurring bills, or doing some things yourself!
Do you want to save money on your bank fees?
Neon is a great Swiss digital bank that offers an entirely free bank account. This is a great way to save money, as Swiss banks are becoming more and more expensive.
With a free bank account from Neon, you can easily save money on your banking fees. You will not find a better deal anywhere else!
Sign up for a free bank account with Neon today!
Continue reading “Neon Bank Review 2022: The Best Swiss Digital Bank”
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 2022: A new mobile banking service”
We all want to pay lower taxes! When you fill your tax declaration in Switzerland, it is important to take advantage of all possible tax deductions. Tax deductions allow you to reduce your taxable income. Since your taxable income will directly drive the amount of taxes you are going to pay, it is essential to reduce it when possible.
So, in this article, I go into detail about all the possible tax deductions that exist in Switzerland. Hopefully, you will be able to find tax deductions that you did not use before and will be able to reduce your taxes.
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 2022 – New Swiss Digital Bank”
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”
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”
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 not ideal for my health.
In 2021, I decided to start working out at home. And I found out that this was easier than I expected. You can start working out with very little equipment (even zero if you want). And you can save a lot of money by doing so.
In this article, I go over a few ways to work out at home for free.
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”
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 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 2022?”
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.
Continue reading “Depreciating assets will hurt your wealth”
