What is the Best Swiss Bank in 2020?

Categories Investing, Switzerland

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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The Best Phone Plans in Switzerland in 2020

Categories Frugality, Switzerland

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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The Complete Guide to Mortgages in Switzerland

Categories Real Estate, Switzerland

In Switzerland, mortgages are not as simple as they should be! So, in this complete guide, I will share all there is to know about mortgages in Switzerland and how they work.

For instance, did you know that most people keep their mortgages forever in Switzerland? And did you know you could use your retirement money to buy a house?

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True Wealth Review 2020 – Cheapest Robo-Advisor

Categories Investing, Switzerland

Robo-Advisors are a good way to invest when you do not want to invest directly through a broker. They will manage your money for a fee. While more expensive than DIY investing, Robo-Advisors are significantly cheaper than an advisor from a bank.

True Wealth is a leading Robo-Advisor in Switzerland. They are the firstĀ  Robo-Advisor, started already seven years. And they are also the cheapest available in Switzerland.

I have reviewed other Robo-Advisors in the past. Now is the time to review True Wealth. I will take a look in detail at their investment models, their fees, and their security.

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Should you buy or rent a house in Switzerland?

Categories Real Estate, Switzerland

We are currently in theĀ process of buying a house. Since I shared this fact on the blog, I have been asked several times whether people should buy or rent in Switzerland.

So, I wanted to share my thoughts on the buy or rent subject. I am going to go over the different considerations about buying and renting houses in Switzerland.

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Frugal Living in Switzerland Interview 5: The DoubleDutch Family

Categories Frugality, Switzerland

It is time for another installment in our Frugal Living in Switzerland series of interviews!

And today, I was able to interview a non-blogger family for this series. And compared to the other interviewees, we now have a couple of expats that answered together.

Mr. and Mrs. DoubleDutch are able to save a large portion of their income in Switzerland and live with a very reasonable amount of money!

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Zak Review 2020: Free Bank Account from Bank Cler

Categories Switzerland, Investing

Zak is a free digital Swiss bank account from Bank Cler. It is the first fully digital bank account from Switzerland. It was launched in 2018.

Since it is a digital bank account, you can use Zak from anywhere with your smartphone.

The main feature of Zak is that it is free! For all your operations in Switzerland, you will not pay anything. Being free makes Zak very attractive.

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VIAC Vested Benefits Review: Another great retirement account

Categories Retirement, Switzerland

VIAC is an excellent company that provides the best third pillar in Switzerland. And they just entered the Vested Benefits market. It means that they can also serve the second pillar for some people. It is excellent news!

VIAC Vested Benefits account offers a large allocation to stocks at a low price. On paper, it looks great. Let’s review this account in detail now.

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Neon vs Revolut: Which is best for you?

Categories Financial Independence, Frugality, Switzerland

Neon and Revolut are both digital banks. However, they are very different banks. Until recently, they both were very complimentary. But then, something changed!

In January 2020, Neon announced that they removed the fees for payment abroad with their cards. It means that they are now a direct concurrent of Revolut, which everybody is using to save on currency exchange fees.

And in June 2020, Revolut reduced the amount of free currency exchanges you can do!

This new information makes it interesting to compare the two. Do you need Revolut now if you have a Neon account?

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How to side hustle legally in Switzerland?

Categories Side Hustle, Switzerland

Having a side hustle is a great thing to increase your income. But you need to be careful about doing it legally. If your side hustle is getting serious, you need to make sure you are respecting the law.

If you are just selling a few things you do not need anymore, you probably will not have any problem. But if you have a side hustle that generating a more serious amount of money, you need to do it right.

Here, a serious amount of money is 2300 CHF per year. From that point, you will need to start thinking seriously about it. 2300 CHF per year is the amount from which you will need to pay social contributions.

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