Junior Advisor Individual Customers Branch Stans

Author: Aline Niederberger, Junior Advisor Individual Customers Branch Stans

The principle is actually quite simple: You have income and you have expenses. The goal is to earn more than you spend so that a surplus remains in the end. You can greatly influence this surplus with budget planning. Budget planning gives you an overview and shows you exactly where you are spending "unnecessarily" and where you can save even more.

Whether you make a short- or long-term plan depends on your wish or goal. The short-term plan is intended for smaller goals, such as a car or a trip – a wish you can fulfill within a year. The long-term budget then concerns those goals that are due in five or even ten years, for example a home or consciously saving for retirement.

What you ultimately save your money for is up to you. These wishes and ideas can be different. It is important that even after fulfillment you still have enough reserves so that you are prepared for unforeseen events. This way you can better manage larger expenses, such as taxes, and secure yourself in the long term.

The bank plays a crucial role in budget planning because account products can help you save more consciously. In your e-banking you will also find a financial assistant that regularly evaluates and categorizes all account transactions.

The information for your budget planning can be found either in your tax return or on your bank statements. If you need support with your budget planning, you can contact us anytime and we will be happy to help.