7 money tips for your end-of-year sprint

2022 was dynamic, starting with the war in Ukraine and the collapse of the markets. Inflation is an ice cold in our neck, colder elsewhere in the world than here. The spring fever was abruptly quenched by the crash of Terra (Luna), at least as far as crypto fans are concerned. The rise in the policy rate in the middle of the summer actually heralded the decline, which was clearly felt by everyone who had outstanding mortgages.

In Switzerland, we can look forward to stability and low inflation and unemployment compared to other countries – according to SECO, unemployment in June 2022 was the lowest in 20 years. In the second half of the year, Credit Suisse then kept us in suspense and in the crypto market, with the so-called “Lehmann” moment, the FTX collapse in November, the temperature dropped further below freezing in the crypto winter.

Here’s a quick checklist for your year-end sprint and a look ahead at what your money can look forward to in 2023 – including the probate review.

I don’t know about you, but I’m not a fan of New Year’s resolutions at all. If I want to change something, I don’t need a date and artificial pressure, but try to deal with it right away. Or just let it be. Life is complicated enough as it is, so I don’t think a lot of pragmatism is wrong.

Still, the turn of the year offers the last chance to arrange some important money matters. And January is a great time to detox, whether it’s the traditional alcohol/meat/carb cleanse or a money cleanse. But please don’t put too much pressure on yourself. If you focus on the following tips and implement only half of them, that’s half the battle. 😉

Like every year, I reviewed several publications from the major banks regarding trends in 2023. Here’s the quick bleach:

I wish you a Merry Christmas and a wonderful start to 2023. A huge thank you from the bottom of my heart to everyone who read, commented and shared MoneyTalks this year – have a great day and see you in January. 🎄

Source: Blick