Frugal Living in Switzerland Interview 3 – Thomas Sparkojote

Categories Frugality, Switzerland9 Comments on Frugal Living in Switzerland Interview 3 – Thomas Sparkojote

Recently, I have started a series where I interview people living frugally. People have really well received these articles. So I am going to try to keep them going!

Today, I am interview another frugal person living in Switzerland, Thomas “Sparkojote”. He is a young, 23 years old, blogger, living in Zurich, one of the most expensive cities in the world. And he is actually saving more than 80% of his income! This makes him the most frugal of the persons I have interviewed so far! It is incredible how little he is spending.

So here are the answers of Thomas to my frugal interview questions!

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All you need to know about The Third Pillar to retire in Switzerland

Categories Retirement, Financial Independence, Investing, Switzerland22 Comments on All you need to know about The Third Pillar to retire in Switzerland

In our Three Pillars of Retirement of Switzerland series, we already talked about the first and second pillar. We now have to cover the most important of the three pillars: The Third Pillar.

The third pillar is the only one that is not mandatory. Everybody is free to choose to invest in the third pillar or not. It is simpler than the second pillar. But there are many more choices than you can make. You can optimize a lot of things for your third pillar.

I believe it is essential to optimize the investment of the third pillar as much as possible. Once you reach retirement, your second pillar should still be larger than your third pillar. But there is not a lot of things you can do with your second pillar.

In this post, you will find all the details you need to invest in a third pillar. And also, what you can do to optimize your use of this last pillar.

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All you need to know about The Second Pillar to retire in Switzerland

Categories Retirement, Financial Independence, Investing, Switzerland20 Comments on All you need to know about The Second Pillar to retire in Switzerland

We have studied the first pillar in the previous post in the series. Now, it is time to see the second pillar. The second pillar is an occupational pension for people working in Switzerland.

The first pillar covers the basic needs of everybody. If you did not read the previous part, I would encourage you to do it before you read this article. The second pillar is here to cover a larger part of your salary than the first one. It is an occupational pension. If you never worked, you will never pay anything for this, and you will never receive anything from this. It is significantly more complicated than the first pillar.

In this post, I am going to give you all the important details as possible on the second pillar. I am also going to help you understand what you can do to improve it.

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All you need to know about The First Pillar to retire in Switzerland

Categories Retirement, Financial Independence, Investing, Switzerland17 Comments on All you need to know about The First Pillar to retire in Switzerland

The retirement system of Switzerland is a system with three pillars. Each pillar is paid differently and will cover different needs. The first pillar is the state pension.

If you are working in Switzerland, it is essential to know these three pillars. Even if you do not plan to retire in Switzerland, it is essential to understand how they work. It will help you plan your retirement.

In this post, I am going to talk in detail about the first pillar. This post should contain everything you need to know about the first pillar to be able to retire in Switzerland. I am also going to provide an overview of the three pillars system.

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All you need to know about Car Insurance in Switzerland

Categories Frugality, Switzerland8 Comments on All you need to know about Car Insurance in Switzerland

In Switzerland, you have to have some insurance for your car. But, the system is quite complicated, with many options. And the insurance dealers will not make car insurance easy for you.

There are several different levels of insurance for your car. And only one level is mandatory. And there are even some options that are useless. But insurance dealers will always try to make you take as many options as possible.

In this post, I am going to cover the details of the car insurance system in Switzerland. We are going to see the different levels of insurance and which one you should use. By the end of this article, you will know exactly what you need to pay for your car insurance.

And hopefully, you will be able to reduce your car insurance bills!

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Frugal Living in Switzerland Interview 1 – Janet

Categories Frugality, Switzerland20 Comments on Frugal Living in Switzerland Interview 1 – Janet

Today, I want to introduce the first interview in my new series: Frugal Living in Switzerland! In this series, I am going to interview that manage to live frugally in Switzerland.

Switzerland is one of the most expensive countries in the world. Many people think we cannot live frugally in such a country. I want to prove them wrong.

And today, to prove that we can live frugally in Switzerland, I interview Janet, a good blogger friend. She saves more than 60% of her income, as a student!

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How to retire early in Switzerland?

Categories Financial Independence, Switzerland10 Comments on How to retire early in Switzerland?

Many people want to retire early! The Financial Independence and Retire Early (FIRE) movement is taking in a lot of momentum. But, few people want to retire early in Switzerland. So, is it even possible to retire early in Switzerland?

I believe it is possible to retire early in Switzerland. But for that, you need to know the differences between Switzerland and other countries. Since most FIRE people are in the United States, we need to know what changes here. It is necessary to see if it is possible and how to adapt to it.

Even though it is possible, I think it is more difficult to retire early in Switzerland than it is in the United States. But some people, including me, could not retire in another country than Switzerland. I would rather continue working my whole life than have to move.

In this post, I am trying to see whether it is possible to retire early in Switzerland. And also, how can we retire early in Switzerland?

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N26 in Switzerland – Save on Foreign Currency Fees

Categories Budget, Switzerland27 Comments on N26 in Switzerland – Save on Foreign Currency Fees

Everybody will agree with me that paying 1.5% of fees, or even more,  on each transaction abroad really sucks! That is not something you want to think about when you are on vacation or shopping online in other countries. Thanks to N26, this should never be necessary anymore!

N26 is a digital bank offering transfers in other currencies for free! Not only that. But the entire bank account is free! And they are a bank! European regulations will protect the money you have on N26. You can even withdraw money for free several times a month! That sounds great!

In this post, I am going to cover everything you need to know about N26. And since I have already talked about Revolut on this blog, I will compare both services, which are similar but not equivalent!

Stay tuned to find out how to save money on foreign exchange fees!

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Is Switzerland really So Expensive?

Categories Frugality, Switzerland12 Comments on Is Switzerland really So Expensive?

People often cite Switzerland as the most expensive country in the world. Several of its cities, Zurich and Geneva, are also often named in the list of most expensive cities in the world.

Now, is it as expensive as people believe it is? Is everything more expensive or are just some items significantly more costly than others? And finally, are some things cheaper in Switzerland than in other countries?

In this post, I am going to answer these questions. We are going to discuss the price of several things in Switzerland. It should give us enough material to answer the question of whether Switzerland is really so expensive!

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What is the Best Swiss Bank in 2020?

Categories Investing, Switzerland14 Comments on What is the Best Swiss Bank in 2020?

Everybody needs a bank account. If you have an income, you will need it to be deposited into a bank account. And you will need to pay your bills from your bank account. Unless you live completely 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 (and chocolate). However, contrary to popular belief, Swiss banks are not really great!

In fact, most Swiss banks are really expensive 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.

Let’s see which of these banks is the Best Swiss Bank in 2019! But first, let’s start with how we can choose a bank!

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