After a record-breaking March 2018, April 2018 is even better :) In fact, in terms of savings rate, it is the best month ever! I am really glad I achieved that good result.
Although I had some significant expenses this month, the savings were great. This is partly thanks to the gifts I received this month for my 30 years birthday! I also managed to keep my expenses quite low. And my net worth made a very nice jump. Overall, a great month :)
Continue reading “April 2018 – Birthday and new savings record”
I bought my Amazon Kindle more than 6 years ago. First I bought the original Kindle. A few years later, I bought the Kindle Paperwhite. I’ve been very happy with both. It is such a fantastic thing to travel with all my ebooks in my pocket and not have five, or more, heavy books in my luggage.
Over the years, I bought and read over 120 books on my Kindle. At the time, I was thinking it was very cheap. And indeed, I was saving money compared to print books. I realize now that this may not have been the case.
For frugal people, there is one big issue with Kindle books: You cannot buy used books. In the last two years, I almost have not bought any Kindle ebook. Instead, I bought many used books. There is a second-hand shop, near my current job. I probably bought over 40 books in this time. I bought them for less than 2 CHF each on average. And I only bought books in very good state. The problem is the room they take! My bookshelf is full and books are piling up! I am going to build a new one. But after some time, the new one will be full too. The other problem is traveling. If I need several books, it is a pain to carry them.
So I only bought Kindle ebooks for travelling. But there are still so many advantages to my Kindle. Therefore, I have been looking for ways to find cheap Kindle books. Here are 7 simple tricks to find really cheap ebooks for Kindle.
Continue reading “7 easy tips to find cheaper Kindle ebooks”
Everybody manages its budget in its own way. There is no one single way of doing it. But, everybody need a budget. This is very important. There are many reasons why it’s important.
In this post, I’m going to go over the reasons why you need a budget. I’m also going to talk about the way I’m managing my own. It’s only one of them, but if it works for me, it may work for you!
Continue reading “You need a budget and how I budget”
You may have noticed that I did some changes to the design of the blog. There is now more room for the content itself. And the content is the most important part there is, right ? I also created a Pinterest account and added nice images to all the posts! I’m going to share every post on Pinterest from now on. I didn’t know this sharing network before. But it seems it’s all the hyper right now.
I hope these new changes will improve the experience of my readers on this blog. If you have any more suggestion on improvements, please let me know :)
Continue reading “Redesign of the blog and Pinterest”
In this post we are going to see how to calculate the amount of your net worth. You net worth is how much your possessions are really worth, in money. Having a clear idea of your exact net worth is very important. It will help you to see how far you are from reaching your goals. If you keep track of it, you’ll also see how well you are doing.
The basic idea about the net worth is simple. Your net worth is the sum of your assets minus the sum of your liabilities. In mathematical terms:
Net Worth = Assets – Liabilities
Let’s see in details how these two parts can be calculated.
Continue reading “How to calculate your net worth”
The previous three posts of the series covered the three pillars of retirement in Switzerland:
In this final post of the series, I’m going to summarize over the entire system. I am also going to talk about how early retirement works in this system.
Continue reading “The three pillars of Retirement in Switzerland – 4. Summary”
I started this series with details about the first pillar. I then continued with information about the second pillar. This post will cover the last of the three pillars, the third pillar. This pillar is the only one that is not mandatory. Everybody is free to choose to invest into the third pillar or not. It is simpler than the second pillar. But there are much more choices than you can make. In this post, you’ll find all the details you need to invest into a third pillar. And also, what you can do to optimize your use of the third pillar.
Continue reading “The three pillars of Retirement in Switzerland – 3. The third pillar”
I just realized that this blog has been already been alive for more than six months already! Happy blogging anniversary The Poor Swiss!
The first post on this blog is from October 10. At that point, I hosted it directly on wordpress.com. It has only been self-hosted since March 2 with bluehost.
I started blogging here to motivate me to save more each month. In the beginning, my finances were in really bad shape. I had to reduce a lot my expenses and I was also lucky to increase my income. Since the beginning, my savings rate have increased. March 2018 was my best month with more than 46% savings rate! I am starting to get more confident about my finances. Of course, it is still not perfect, but it is better. I want to improve them progressively over time. I do not think there is a perfect budget. One can always improve his budget.
Continue reading “First six months of blogging – Lessons learned”
We have studied the first pillar and Switzerland three pillars system in the previous post in the series. Now, it’s time to see the second pillar. The first pillar cover the basic needs of everybody. The second pillar is here to cover a larger part of your salary than the first one. If you never worked, you’ll never pay anything for this and you’ll never receive anything from this. It is significantly more complicated than the first pillar. In this post, I’m going to try to give you as much important details as possible on the second pillar. I’m also going to try to help understand what you can do to improve it.
Continue reading “The three pillars of Retirement in Switzerland – 2. The second pillar”
Switzerland retirement system is based on a system with three pillars. Each pillar is paid in a different manner and will cover different needs. If you are working in Switzerland, it’s important to know these three pillars. This will help you plan your retirement.
In a series of posts, I’ll try to give you enough information on these three pillars. The goal is that you have a good understanding on how they work. And also what you can do with them to improve your retirement. In this first post of the series, I’ll introduce the system and talk about the first pillar.
Continue reading “The three pillars of Retirement in Switzerland – 1. The first pillar”