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Saving tips Switzerland:

Saving properly in Switzerland 2024

In this post you will learn how to in Switzerland up to CHF Save 9'290 per year can!

The Cost of living in Switzerland are not exactly low, even though salaries are higher than in many surrounding countries. A typical danger, however, is the Consumer behaviour constantly increase with increasing salary, which in the end leads to the Fortune melts away.

Here you will find the best savings tips Switzerland 2024so that you can effectively save money and still No restrictions in the quality of life you did!

Table of contents

Spartipps Schweiz: Save money in Switzerland! Spend less Optimize costs Savings tips switzerland 2022 Compare insurances Natel abo kosten senken
savings tips switzerland save money in switzerland ebook guidebook savings techniques need less money switzerland

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Top 10: The best tips for saving money in everyday life

  1. Save petrol costs: Use apps such as TCS or other petrol station finders to find the cheapest petrol stations in your area. Filling up in neighbouring countries can also be worthwhile. The Petrol cost calculator helps you to estimate the cost of journeys. Share the travel costs with colleagues or neighbours by carpooling. This not only reduces costs, but also CO₂ emissions.

     

  2. Compare mobile phone contracts: Use comparison portals such as Moneyland or Comparis to find the cheapest mobile phone contract. There are often discounted offers that are specially designed for new customers.

     

  3. Family accounts for streaming services: Team up with friends or family and use joint family accounts for Netflix, Spotify and other streaming services to share the costs.

     

  4. Buy second hand: Browse for second-hand furniture, clothing and electronics on platforms such as Ricardo, Tutti or in second-hand shops. This is easy on your wallet and the environment.

     

  5. Small household helpers: Use energy-saving light bulbs, switch off appliances completely instead of leaving them in standby mode and use water-saving shower heads and taps to reduce utility costs. This tip can save you several hundred francs a year in the long term with a one-off effort.

     

  6. Use discount campaigns and vouchers: Look out for discount promotions and vouchers when shopping, for example in supermarkets or online shops. Use Cashback-programmes to get some of your money back.

     

  7. Public transport: Use public transport instead of the car. Especially in cities, public transport subscriptions are often cheaper than the combination of petrol, parking fees and car maintenance. Combine appointments so that you can cover as much as possible in one journey with a 24-hour travelcard.

     

  8. Rent negotiations: Regularly check the reference interest rate and request a rent reduction if it falls. Use the templates provided by the tenants' association to reduce your housing costs.

     

  9. DIY repairs: If you carry out minor repairs and renovations yourself, you can save money every month. There are numerous YouTube tutorials and instructions on the internet that can help you with this.

     

  10. Favourable travel times: Book your holiday outside the peak season. Flights and hotels are often much cheaper and less crowded outside the holiday periods.

Compare and rethink insurance policies

You can save around CHF 800 per yearyou should Compare and reconsider insurance policies. Ultimately, your insurance policies must always match your personal risk tolerance. If your parents tend to be anxious (no offence intended - perhaps they had similar experiences in the post-war period), that doesn't mean you have to be anxious too.

If you don't only see dangers, why do you have insurance against a loss that is more improbable to you than winning the lottery?

One of the best "Saving Tips Switzerland" is, reconsider unnecessary insurances and to terminate if necessary.

Insurances that you absolutely need are:

  • The Health insurance and accident insurance are mandatory.
  • A Accident insurance is usually covered by the employer. A private Liability insurance we strongly encourage you to do so. If you have a car, the Motor vehicle liability* also mandatory, but the comparison is worthwhile. All other insurances depend on your personal profile. Mrs. and Mr. Swiss are usually overinsured. Therefore, check what you really need and what you don't need. You should compare the insurances you need and, if necessary, change to a cheaper provider with the same or better services.

But you should also do the same with your monitor expensesFor example, to see if your medical costs are very high every year. In such a case, it could be worthwhile to reduce the deductible rate and ultimately save money.

To keep track of your spending, it's a good idea to have a Budget book app or a 6 accounts Model. These tips will help you keep your expenses under control, which can be an important issue for pensioners in particular.


Feel free to guess your answer in the comments: How much money does a pensioner in Switzerland need?

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Save money across Switzerland with mobile phones, Netflix and TV

ServiceMonthly price (CHF)Family account (shared)Savings per year (CHF)
NetflixCHF 20CHF 5 (shared)CHF 180
SpotifyCHF 15CHF 3 (shared)CHF 144
YouTube PremiumCHF 15CHF 1.50 (with VPN)CHF 162

This is where the opinions differ, because while some people spend hundreds of francs every month on mobile phones, Netflix and the Internet, others live a minimalist life. The total cost of your entertainment contracts per month is less than CHF 100? Then you're doing everything right and you can probably use this chapter to save money in everyday life. skip

You want to reduce your expenses and save some money Switzerland-wide? Here are a few approaches to how Swiss people can live frugally without having to sacrifice luxury:

  • MusicSpotify, Google Music and co. don't have to be purchased alone. Get together with friends or family and open a family account. YouTube Music will cost you and your 9 colleagues an unbeatable €1.50 per month!
  • NetflixShare the family account - even with people you're not related to by blood - and split the costs between you. You're too embarrassed to ask for a few francs in return? In return, you could also ask for a bottle of wine for the next Netflix and chill evening and save some money.
  • Cell phone contract: Your contract depends very much on your user profile. The fact is that most people pay far too much because more and more low-cost providers with good network quality are entering the market. Cash-flow has made a comparison and we don't want to deprive you of their money-saving tips.
  • Internet and TVYou have a TV box, but you only watch Netflix? You pay more than CHF 30 per month for your home internet? Urgently reconsider these subscriptions if you want to save money. When we looked at the easiest money-saving tips for Swiss people, this point came up very early on. Because you can either share your home internet with your neighbour, whose Wi-Fi radiates into your rooms anyway, or you can cancel it and use the data from your mobile phone contract to create a hotspot. Don't like either of these options? Comparis shows you the Comparison report, which provider suits you best.

Financial Insider 2024

Your key to success! Discover our top recommendations from real testimonials.

Tips for tax saving

Saving taxes can be quite easy in Switzerland! Especially in comparison with our neighboring countries, our government offers us some legal opportunities here, which we should also use. Left-oriented often think this is not okay, but it is even wanted by the federal government. After all, our good is the good of the community.

 3 Financial Tips Switzerland to Save Taxes in Switzerland:

  • Pillar 3aMake provisions for your pension and make voluntary contributions to pillar 3a. You can claim this on your next tax return and your taxes will be reduced accordingly. You can find out more about pillar 3a and the fees in our large Pillar 3a comparison. Depending on your income, you can save up to CHF 1,500 in tax per year with pillar 3a.
  • Medical expensesCertain costs that are not covered by your health insurance can be deducted from your taxes. See the next point for details.
  • Tax return: With a little effort or for around CHF 150 doable for you by others is the tax return. This effort is worthwhile and is with the tips from our Tax checklist very doable. You won't believe what you can deduct from your taxes!

save money in the home

Every month it repeats itself: Salary arrives, rent and insurance are debited. The fridge is filled and the account is empty again. If you only work with one account, you shouldn't be surprised!

Saving money in the household is very easy with the 3-account model. To avoid the problem described above, I recommend the following procedure:

  1. Set up 3 accounts. For example, you can order free of charge from Neon or Zak open an account. 
  2. All payments go into your payroll account. Make sure that... automatically 10% of which 10% each month after salary receipt to the savings account and 30% to an investment account go.
  3. Rent and Co. are paid directly from your salary account by standing order. This way you have no effort and miss no payments = no reminder fees.
  4. Consumption how new shoes, holidays and co go from the savings account off. If this is used up, it's empty for the month. This will bring you the joy of saving for well-deserved luxury.
  5. The Holy Grail is yours Investment account. You should divide this 30% into portions that are saved monthly and portions that are invested in shares or gold, for example. You can find out more about investments learn more here. The beauty of this is that the dividends from your investments come in regularly and provide you with a 2nd income! You could set yourself as a first goal, here every year CHF 2,000 to finance a vacation.
Saving tips Switzerland 2

cut rent

Hardly anything is as expensive in Switzerland as housing. Therefore, the topic of housing cannot be missing from our list of money-saving tips throughout Switzerland.

You live in an expensive area like Zurich, but moving is not an option for you? Here are 3 tips to help you save money on your rent:

  • Sublet vacant rooms on Airbnb! It's easier than you think and insurance protects you. If your guest accidentally causes damage, Airbnb covers you with a free insurance policy. You won't be able to lower your rent, but you can increase your income, which is a good tip for saving money.
  • Move into a cooperative flat: Building cooperatives offer top modern apartments at down-to-earth rents.
  • Saving tips for families in Switzerland: Have the children moved out? Switch to a smaller flat if you no longer need as much space.
  • Buying instead of renting"Only for the rich"? Wrong thought, ChCh describes here...as even the average earners can do.
  • Negotiate rent: In Switzerland, rent negotiations are more common than in some other countries. And at the latest when the reference interest rate drops, you can make your landlord aware of this. Use the Guidance from the Tenants' Association as a template.

Buy shares cheaply: Reduce investment costs

If you are reading this, you are already an investor or would like to become one. In short: I'm proud of you! 🙂 In order to prevent high fees from reducing your investment success, you should keep an eye on them.

  • Share purchasesPay attention to low fees for account management, as well as order fees. Here you can find our Shares and ETF Brokers Tip.
  • RetireEach percent of the fee represents many thousands of francs over a 30-year investment period. On our Provisions page you will find extensive information about your long-term protection.
  • Raw materialsYou want to invest in physical gold and buy a gold coin? The comparison between dealer shop, bank and online shop is worthwhile, because the differences are huge.

Account fees are also not to be neglected! Kassensturz and Moneyland have uncovered many hidden fees and conducted an investigation. Their Recommendation for the cheapest Swiss account coincides with ours.

savings tips switzerland save money in switzerland ebook guidebook savings techniques need less money switzerland

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Conclusion

Saving in Switzerland is not always easy, but it is possible with the right approach.

There are countless more tips on how to save money in Switzerland, but with these basics we believe you can save up to CHF 9'290 per year.

With the 3-account model and a household book app, you can certainly already make a lot of positive changes. We would be very interested to know how much you can save without having to sacrifice enjoyment!

Feel free to leave us a comment with your best tips for saving money in everyday life nationwide 🙂

Our financial tips 2024

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26 responses

  1. It's unbelievable how many ways there are to save money in everyday life. As for your tip about the free adverts on tutti and Ricardo: I'm not too keen on the high fees on Ricardo, especially when it comes to buying or selling second-hand items. A much better alternative is trovas, where you can sell without any fees at all. This saves additional money, which is exactly the aim of selling on such platforms.

  2. Interesting the principle of the 3 accounts but... What actually is consumption and what is subsistence? A ticket to Zurich counts as consumption? A pair of new shoes that I need because the old ones are too old? It would be almost impossible for me to lead a "normal" life if I only spent 10% of my salary on "consumption". Although I don't like spending money (eating out...) and try to avoid it if possible (prefer to eat at home.)

    What is livelihood? What is consumption? Let's write a list! 😀

    1. Hello Luca,

      For me personally, consumption is really only "unnecessary" fun expenditure. Take food, for example: basic foodstuffs are not a luxury for me and therefore do not count as consumption. However, a 7-course dinner at a Michelin-starred restaurant does.
      Just keep in mind that the numbers are purely as a rule of thumb and you should always look at your own situation 🙂

      1. Hello Eric
        Thank you for your answer. And once you have looked at your own situation, how can you set numbers (percentages)?

        1. For this I would like to have a Budget and also consider your own goals. Once you know where you currently stand and where you want to go, you can set yourself appropriate savings rates.
          Here's another one Article to that.

  3. Got two more tips 🙂

    Netflix, Spotify, YouTube Red, etc., for example, can be solved via a VPN in Turkey or Argentina. This makes the subscriptions even cheaper.

    Online shopping should be combined with cashback and get cash back for every purchase. For example with https://monerio.ch there are 1,200 partner shops such as MediaMarkt, SBB, Manor, ...

  4. Hello namesake Eric

    Found the post very interesting and also learned new gl!
    My question would be as an apprentice is this fun account worth it? I also already have my account with Zak and would be interested to know how you use Zak, i.e. what sub-accounts you have. If you can recommend some tips for saving with Zak or in general that would make me very happy. 🙂

    1. Hello Eric
      Thank you for your message!
      Before my studies I also did an apprenticeship and therefore know your situation well. I would say: Yes, definitely!
      When I earned my first money at 16, I basically went from 0 to 100. Before that, I had no pocket money, nothing. Then all of a sudden, there was a fixed salary! What happened? The first 2-3 months, I had spent everything after about 2-3 weeks 😀
      Then came the learning curve...
      You're certainly further along than I was back then, or you wouldn't be here 🙂

      It motivates me to have money in the fun account. Further, it disciplines you in spending. You'll find that it's easy to spend more and more money as your salary increases. However, once you learn a healthy way of handling money, it eventually becomes easier and easier.
      Personally, I'm not a frugalist, I like to spend money - even for fun. However, I don't neglect investments, but always put them to one side first. However, you are free to define how high your savings rate should be.

      My accounts:
      Expenditure (rent, food, ...)
      Fun (New bike, holidays ... )
      "F*ck You Money" Savings (Emergency Cash Buffer: Enough for me to live without income for about 6 months. But is already full and therefore remains unchanged)
      Investment account (Goes on to different accounts where I then buy ETFs, stocks and say Cryptos).

      This is just my classification. Doesn't have to be done this way, nor is it meant to be a recommendation. 🙂

      Greetings!

  5. Good contribution! If the neon account is the pay account, where do you have the fun account? Lg

    1. Hello, Christoph,
      thank you for your positive feedback!

      An account or a bank must of course always fit your personal needs. I can recommend neon and if you still need an account, just take a look at the savings pots Zak Bank Cler Field Report 2020. This allows you to open even more "sub-accounts" free of charge.

      Many greetings!

      1. Hello Eric

        I'll have a look at this 🙂 Thanks for your feedback. Do you deduct the 10% for the fun account after all deductions (health insurance, insurances, subscriptions etc.) or directly from the incoming salary? Interesting strategy - I always catch myself spending far too much on small things, which then accumulates.... LG Christoph

        1. very gladly 🙂

          With the 3 account strategy, all necessary deductions are made directly from the salary account. Then it's actually "pay yourself first". This means investing in yourself. It therefore makes sense to top up your investment account directly (preferably automatically by standing order). The more the better, but don't forget to have fun, which is why you should also fill this account and then spend it. Ideally, however, the fun account should come last so that long-term provision or other financial goals are not forgotten.

          You can draw up a budget for yourself and see what's feasible. From my own experience, I can tell you that you can put a lot more aside than you think... 🙂 I enjoy spending even more this way, as I do it more consciously and don't just consume senselessly.

          Many greetings!

          1. Hi Eric
            All right, thanks! I just opened an account with Selma yesterday and am slowly starting to invest. Starting with CHF 2'000.- with a planned investment of 500.- per month.
            How are you doing with the other savings accounts? As an example to our situation: 1 household account for meals etc., 1 savings account for holidays and other, 1 savings account for taxes, 1x 3a each (½ of which invests in securities via ZKB). All this with the ZKB. Would you leave it as it is in terms of saving, or could the holiday/tax savings account also be invested? However, the amounts there are always +- 0 at the end of the year.
            Yours sincerely

          2. Your mail would have interested me too 😉 No seriously. We inherited something (low 6 figures) and I'd like to invest it in such a way that I get something out of it every year (e.g. to top up our family holiday money). I think at least 2% should be in there right?
            All the "investors" (including Selma, for example) where I've looked for information recommend leaving the interest in because of the compound interest effect.
            Where/how can I invest my money so that I can "automatically" withdraw some of the profit each year (preferably without excessive additional fees)?
            I would be very grateful for your support. I would also be happy to provide more information in person. Thank you very much.

  6. Hello.

    To which account does the pillar 3a account belong?

    Thanks for the contribution 🙂

    1. Hi Mario
      in Switzerland, retirement provision is based on the 3-pillar principle:
      1st pillar AHV: State pension scheme
      2nd pillar occupational pension plan
      3rd pillar private pension plan (voluntary: 3a and 3b)

      Since Pillar 3a is voluntary, you can choose where (with which provider) you want to arrange your pension provision. Viac or Frankly are examples, but there are numerous other providers.

      I hope I understood your question correctly and could help you!

    1. Yes, absolutely! You can still customize it to your personal needs. With me, for example, the savings rate looks higher. The important thing is that you consciously put money aside every month to invest it for retirement and other goals. Best regards!

  7. Increase the deductible if medical costs are high? Isn't it the other way round - and isn't the rule a bit too simple?

    1. Hey Leonardo, of course you're right - a mistake had crept in here 🙂 Thanks for pointing it out! And yes - the rule is of course far too simple. You'd have to write several books to cover all the suggestions in depth. The article is intended to make you think and if you then realise that your insurance policies need to be optimised, you can address the topic specifically from this point 🙂 LG Eric

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