In 2020, inflation in Switzerland was negative, at -0.7%. It means that, on average, consumer prices have decreased in the year 2020. So, life has become cheaper in Switzerland.
But is life in Switzerland really cheaper? And if so, is it cheaper for everybody? Today, I want to delve into inflation numbers for Switzerland and what they exactly mean. As we will see, inflation is not a perfect indicator of the cost of living in Switzerland.
So, this article will talk in detail about inflation in Switzerland.
Continue reading “Is inflation in Switzerland really that low?”
What the Swiss National Bank (SNB) does is not very clear for many people in Switzerland. So, I thought it would be interesting to research this subject and write about my findings.
The Swiss National Bank is quite famous, even abroad, but what does it really do? It is because of it that we do not have any interest rate in our bank accounts?
Let’s see in detail what this central bank is doing. We will also see that the Swiss National Bank has several unique characteristics.
Continue reading “The role of the Swiss National Bank (SNB)”
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”
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 want to 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.
Continue reading “Tax Deductions in Switzerland for 2021”
In Switzerland, you can make a voluntary contribution to your second pillar. These contributions come with some tax advantages since you can deduct that from your income. Therefore, you have a return equal to your marginal tax rate. And this return is almost instant.
However, the money is then blocked into the second pillar. And the returns on that blocked money have been very low in recent years. Finally, you can only withdraw the money from your second pillar if you retire, buy a house, or start a company.
Many people ask whether they should contribute money to their second pillar or continue investing in stocks.
Continue reading “Should You Contribute to Your Second Pillar in 2021?”
There are many third pillar providers in Switzerland. Some of them are good, but most of them are too expensive. You do not want to waste your retirement bank on fees. Therefore, you need to choose the best third pillar provider.
In 2018, VIAC started on the market of third pillars. VIAC is the first mobile third pillar. And they are really interesting! VIAC has very low fees and lets you invest up to 97% exposure in stocks. It is significantly better than what I have found before in other third-pillar providers.
In this post, I am going to do an in-depth review of VIAC! Among other things, we will look at the investing strategies and the fees of this service.
Continue reading “VIAC Review 2021 – Excellent third pillar in Switzerland”
Your marginal tax rate is an important metric. But it is also a complex and misunderstood concept. Many beliefs about the marginal tax rates are wrong.
So, in this article, I want to clear out as much as possible regarding the subject. By the end, you will know how to estimate your marginal tax rate and what it means.
Continue reading “Your Marginal Tax Rate and all you need to know about it”
Until the end of 2020, VIAC was pretty much unchallenged as the best third pillar in Switzerland. And then came Finpension 3a, another great third pillar offer.
I have already made reviews of these two great services. But we also need to compare VIAC vs Finpension 3a in detail to see which is the best third pillar in Switzerland?
In this article, I am going to compare VIAC vs Finpension 3a in detail. We will see their investing strategies, fees, and everything you need to know to choose!
Continue reading “VIAC vs Finpension 3a – Which is the best third pillar for 2021?”
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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I just finished reading Free by 40 in Switzerland, a book about financial independence, in Switzerland, by fellow blogger Mr. Mustachian Post, alias Marc Pittet. Mr. MP was kind enough to send me a version that I could review before the release date. So I can have this review ready now that the book is available!
Free by 40 in Switzerland will go over how to retire by the age of 40 in Switzerland. It covers how to reduce your expenses, increase your income, and invest your savings. And all this is directly tied to Switzerland.
It should not matter much, but I have to say that I have read the French version. But the English version should be similar, and both are available for sale now (the German version will arrive later).
Continue reading “Free by 40 in Switzerland – Book Review”