{"id":5502,"date":"2015-08-08T18:09:13","date_gmt":"2015-08-08T16:09:13","guid":{"rendered":"https:\/\/www.yamana.ch\/2015\/08\/08\/saving-preparing-finances-for-departure-part-1\/"},"modified":"2015-08-08T18:09:13","modified_gmt":"2015-08-08T16:09:13","slug":"saving-preparing-finances-for-departure-part-1","status":"publish","type":"post","link":"https:\/\/www.yamana.ch\/en\/2015\/08\/08\/saving-preparing-finances-for-departure-part-1\/","title":{"rendered":"Saving &#8211; Preparing Finances for Departure (Part 1)"},"content":{"rendered":"<p style=\"text-align: justify;\"><em><strong>A long sailing trip requires a certain amount of financial liquidity: for this reason, it&#8217;s necessary to plan and set up a savings plan.<\/strong><\/em><\/p>\n<p style=\"text-align: justify;\">Many people think that to undertake such a project, you need to be wealthy, but that&#8217;s not necessarily the case. It&#8217;s more important to know how to save, and there are many ways to do so, here are a few: <\/p>\n<ul style=\"text-align: justify;\">\n<li>opening a savings account<\/li>\n<li>life insurance (third pillar)<\/li>\n<li>purchasing stocks and funds<\/li>\n<li>changing lifestyle, avoiding unnecessary expenses<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>The savings account:<\/strong> is the first place people think of depositing their savings. Unfortunately, the interest these accounts yield nowadays is really negligible, we&#8217;re talking about 0.15% or less. However, it&#8217;s still worth setting a monthly amount (according to one&#8217;s possibilities) which will be automatically transferred from the checking account to the savings account.  <\/p>\n<p style=\"text-align: justify;\"><strong>Life insurance (third pillar):<\/strong> is another interesting and fairly safe savings method, allowing you to pay a set monthly amount agreed with the insurer for a certain period. There are variants with higher returns based on secure funds that still guarantee a minimum return in case something goes wrong. <\/p>\n<p style=\"text-align: justify;\"><strong>Stocks and funds:<\/strong> is certainly riskier compared to a savings account, but if purchases are made wisely, choosing, for example, stocks of solid companies that may pay dividends annually, these can yield several percentage points over the years. It&#8217;s definitely an option to consider for diversifying the various ways of saving. <\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Peer-to-peer_lending\" target=\"_blank\" rel=\"noopener\"><strong>Lending<\/strong><\/a>: is an investment system that is also emerging in Switzerland. Basically, there are companies that evaluate and issue loans for businesses and individuals, but at the same time, it&#8217;s the individuals and businesses that fund these loans, earning up to 10% of the amount invested in the loan (clearly depending on the risk taken). <\/p>\n<p style=\"text-align: justify;\"><strong>Lifestyle change:<\/strong> when we are on the boat, we will inevitably have to change our lifestyle (unless we have a nice bank account), control costs, and avoid unnecessary expenses. Why not start right away? It&#8217;s very interesting to see how it&#8217;s easier to save than to find ways to earn more! And this without too many sacrifices&#8230;   <\/p>\n <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- Yamana right column -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-2657041963581626\"\r\n     data-ad-slot=\"9874150793\"\r\n     data-ad-format=\"auto\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">Personally, I started setting up a list of monthly expenses and, for example, I realized that:<\/p>\n<ul style=\"text-align: justify;\">\n<li>I watch TV very little and can do without the Italian &#8220;trash&#8221; channels. I canceled the TV subscription, purchasing the satellite system with the RSI card (a one-time payment). <\/li>\n<li>I can get the internet from my office downstairs, so I canceled the home connection.<\/li>\n<li>the company &#8220;flat&#8221; mobile subscription allows me to use the phone privately as well, thus eliminating the private phone.<\/li>\n<li>I pay some membership fees to associations I haven&#8217;t participated in for years, eliminated those too.<\/li>\n<li>if I were to quit smoking, I would first gain in health, but I would also save a lot.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">In short, if I just take these detailed points, we see that the savings are substantial:<\/p>\n<ul style=\"text-align: justify;\">\n<li>TV and internet subscription: CHF 74.- x 12 = CHF 888.- \/ year<\/li>\n<li>mobile phone: CHF 99.- x 12 = CHF 1,188.- \/ year<\/li>\n<li>membership fees: CHF 300 \/ year<\/li>\n<li>cigarettes: CHF 8.- x 365 days = CHF 2,920.- (minimum!)<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>With just these 4 points, I can save CHF 5,300.- a year!<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Then there are those expenses resulting from impulsive purchases, often related to electronic &#8220;gadgets&#8221; that I love so much, but after a brief enthusiasm, they end up forgotten in some corner of the house collecting dust. Before buying something, I&#8217;ve made it a habit not to take it immediately and to reflect on whether there is a need, saving me money here too! <\/p>\n<p>See other articles on the topic &#8220;<a href=\"https:\/\/www.yamana.ch\/en\/tag\/finances\/\">finances<\/a>&#8220;.<\/p>\n<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- Yamana right column -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-2657041963581626\"\r\n     data-ad-slot=\"9874150793\"\r\n     data-ad-format=\"auto\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<span class=\"s1\">Last update: <span class=\"last-modified-timestamp\">Aug 8, 2015 @ 18:09<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A long sailing trip requires a certain amount of financial liquidity: for this reason, it&#8217;s necessary to plan and set up a savings plan. Many people think that to undertake such a project, you need to be wealthy, but that&#8217;s not necessarily the case. It&#8217;s more important to know how to save, and there are<\/p>\n","protected":false},"author":1,"featured_media":4977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[1259],"tags":[1322,1323,1291,1270,1321],"class_list":{"0":"post-5502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-waiting-for-departure","8":"tag-accounts","9":"tag-finances","10":"tag-planning","11":"tag-preparation","12":"tag-savings"},"_links":{"self":[{"href":"https:\/\/www.yamana.ch\/en\/wp-json\/wp\/v2\/posts\/5502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yamana.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yamana.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yamana.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yamana.ch\/en\/wp-json\/wp\/v2\/comments?post=5502"}],"version-history":[{"count":0,"href":"https:\/\/www.yamana.ch\/en\/wp-json\/wp\/v2\/posts\/5502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yamana.ch\/en\/wp-json\/wp\/v2\/media\/4977"}],"wp:attachment":[{"href":"https:\/\/www.yamana.ch\/en\/wp-json\/wp\/v2\/media?parent=5502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yamana.ch\/en\/wp-json\/wp\/v2\/categories?post=5502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yamana.ch\/en\/wp-json\/wp\/v2\/tags?post=5502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}