Saving – why do it?
There are many good reasons to put some money aside each month. For one thing, here in Switzerland we have to pay our annual taxes and our monthly health insurance contributions from the salary we receive. This is different to the situation in other countries, where taxes and health insurance contributions are deducted directly from your salary. Unfortunately, salaries in Switzerland do not correspond to the monthly budget that is actually available. Another thing to consider is that unexpected expenses often arise. These can include high medical bills or unexpected repair costs for the washing machine. On these occasions, it is advisable to have something put aside. And perhaps there is something special you want to save money for.