Tag Archives: Save

(Disclosure: Some of the links below may be affiliate links) We all like getting raises at work! It always feels great to know your work is recognized, and you will get paid more. But is a raise that important for your financial independence? And how much of a raise can you afford to spend? In this article, I answer these questions through several examples. At the end of the article, you will know exactly how much of a save you should save! Impacts of a raise Before we start, when I talk...

(Disclosure: Some of the links below may be affiliate links) After stopping its partnership with Cembra, Migros Bank introduced its new credit card: The Cumulus Visa credit card. Since the Cumulus Mastercard from Cembra was one of the best credit cards available, we need to look at this new Cumulus Visa credit card. By the end of this review, you will know whether you should use this new Cumulus Visa credit card by Migros Bank. The fall of the Cumulus Mastercard As you may know, Cembra was...

(Disclosure: Some of the links below may be affiliate links) I have talked a lot about budget and net worth on this blog. Now, it is time to talk about which budget application I am using to track my budget and net worth. I am using a simple tool for doing these two tasks. I also use the tool to generate the graphs in my monthly reports. While many people in the personal finance community use Personal Capital, Mint, or Quicken, I use a little-known tool called budgetwarrior. I wrote this...

(Disclosure: Some of the links below may be affiliate links) I have talked about car costs a few times already on this blog. However, I have never written about Mobility. Mobility is a Swiss car-sharing cooperative. Mobility has a large fleet of cars in Switzerland. Mobility users can then use these cars when they need them and do not need to own a car. Is Mobility actually cheaper than owning your car? Let’s find out! Mobility carsharing Mobility carsharing is a cooperative with more than...

Daycare is a large portion of the budget for many people in Switzerland. Indeed, daycare can become quite expensive quickly, especially if you have several children. So far, we have not put our son in daycare, but we think we may do it next year. So, I wanted to delve into the costs of daycare … Continue reading "The costs of daycare in Switzerland"

(Disclosure: Some of the links below may be affiliate links) In the personal finance community, many people use the concept of Time Value of Money (TVM) to think about money. This concept helps you think about the value of money if it were invested. I think it is an interesting concept worth talking about. However, we should be careful about using this concept because it leads some people to think too much about their expenses and understanding. So, let’s see what the time value of money is...

(Disclosure: Some of the links below may be affiliate links) We recently became the parents of a cute son. Before he was born and in the first few months of his life, we had to purchase and prepare many things. We tried to avoid spending too much while still buying everything we needed for him. Overall, we did a good job at keeping these expenses reasonable. And we also learned some things later on. Overall, there are many things you can do to spend less for your newborn while not changing...

(Disclosure: Some of the links below may be affiliate links) Wise (formerly TransferWise) is a British financial technology company. They provide many financial services, but they are especially known for their very affordable currency exchange services. You can use Wise to send money to other people in many different currencies, with excellent prices. You can also use your Wise card to pay abroad at a low cost. But you can also use it as a bank account and hold many currencies in your...

(Disclosure: Some of the links below may be affiliate links) Raiffeisen is the third largest bank in Switzerland. Many people are using it, and many customers are even shareholders of the banks. This bank has some unique characteristics that could make it interesting. For instance, you can become a shareholder of the bank! So, should you use Raiffeisen as your bank? This is what this article is all about. I will do a deep review of the Raiffeisen bank, its banking features, its fees, and...

(Disclosure: Some of the links below may be affiliate links) PostFinance and Swissquote just started a new joint venture: The Yuh banking application. With Yuh, you can save money on your account, pay in Switzerland and abroad and invest in the stock market and cryptocurrencies. Yuh is an entirely digital offer. They have no offices. You can manage all your money directly from your phone. So, you will pay your bills and invest your money on your smartphone. So, should you use Yuh? What...