Depreciating assets will hurt your wealth

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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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The Best Websites For Online Shopping In Switzerland

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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 article, I list the best online shopping websites in Switzerland. This list should allow you to shop for the best prices!

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What is The Best Credit card in Switzerland for 2021?

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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. 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.

But there are many options, making it difficult to find the best credit card in Switzerland. So, this article will explore the different credit card options that are available in Switzerland.

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CSX Review 2021 – Digital Bank account by Credit Suisse


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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7 Things To do in Lockdown To Improve Your Finances

Financial Independence, Save

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 vs Neon: Best Swiss digital bank account in 2021?


Zak and Neon are two good Swiss Digital bank accounts. This is because 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 them successful. And they have some interesting extra features.

But which one should you choose? Which of Zak vs Neon is better for you? Let’s find out!

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What is the Best Swiss Bank in 2021?

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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 Swiss 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 trying 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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Cheap International Transfers with Neon


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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The Best Phone Plans in Switzerland in 2021

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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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