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By making a conscious effort to manage your finances, you can make more informed decisions, save more effectively and plan for the future with peace of mind. This banking checklist shows what really matters – and how digital tools can help.
A clearly structured banking relationship, digital tools and regular assessments of your financial priorities give you a better overview and more planning certainty in day-to-day life.
If you know where your money is going, you can manage it more wisely. But this is often difficult in everyday life: fixed costs, purchases and unexpected expenses can quickly create a confusing overall picture.
A clear overview helps you to identify recurring expenses, analyze your spending breakdown and spot potential fluctuations – without having to monitor every single payment in detail. With UBS Mobile Banking and UBS key4 insights, you can keep track of your spending at all times.
If you understand the bigger financial picture, you can make more informed financial decisions – for instance about major purchases or savings goals – while strengthening your own financial security at the same time.
The following steps provide guidance on how to organize your finances step by step. Even small changes are often enough to make things clearer.
1. Centralize your income
Have your salary and other regular income paid directly into your main UBS account. This way, you can always see exactly how much money you actually have available each month.
Standing orders (e.g. for rent, insurance or savings goals) can be debited directly from this account – which simplifies planning and gives you more control.
Tip: Inform your employer and any other parties who pay you money that your UBS account is your primary account. This way, you can avoid having to make unnecessary account transfers and keep track of everything in one place.
2. Keep an eye on expenditure
It’s a good idea to review your account activity regularly – ideally once a week, or at least once a month. This allows you to quickly identify any unusual or unauthorized transactions while keeping track of pending refunds or temporary debits that may affect your account balance.
Many people are surprised when they use the UBS Insights feature in the UBS Mobile Banking App to view their expenses by category for the first time: your spending on food and drink, leisure or transportation reflects your financial habits – and often reveals unexpected patterns.
Tip: set up a weekly reminder to keep track of your spending.
3. Check recurring payments
Subscriptions, insurance, memberships: recurring payments often add up to a substantial amount each month.
In the UBS Mobile App, you’ll find an overview of your payments organized by status (Pending, In Progress, and Completed ). This includes standing orders and eBill invoices. Check to see if you’re still using all your subscriptions (such as gym memberships or streaming services). Cancel any subscriptions you no longer need directly with the provider. Even small changes can make a noticeable difference over the course of a year.
4. Take advantage of savings opportunities – without compromising on convenience
Financial optimization does not necessarily mean making sacrifices. Gaining a better understanding of your expenses often helps you to set clearer spending priorities: What is really important? Where is there room for flexibility? Which payments can be scheduled more effectively? A simple overview – for example, in the form of a budget plan – helps ensure that decisions are based not just on gut feeling, but on specific figures. You can also increase your financial freedom by taking advantage of savings opportunities.
Tip: set up a savings goal in the UBS Mobile Banking App (e.g. for a vacation or an emergency fund). Transfer a fixed amount to your UBS savings account every month conveniently via standing order.
5. Manage invoices digitally
Digital solutions make it easier to manage invoices in everyday life. If you activate eBill in UBS Mobile Banking, you can receive, check and pay bills directly online. This reduces the administrative burden and makes payment transactions more transparent.
Example: your mobile phone bill arrives as an e-bill that you can check and approve in just one click.
6. Activate notifications
The UBS Mobile Banking App lets you set up push notifications for specific account movements. This way, you’ll be notified whenever a large amount is deposited or withdrawn – without having to actively switch to E-Banking or Mobile Banking. This provides a sense of security and allows you to react quickly if something unexpected happens.
7. Gain a better understanding of financial habits
In the long run, it’s not just about tracking individual expenses, but about understanding what you actually spend money on in everyday life. Lots of small amounts – e.g. for impulse purchases or subscriptions - add up to more than you might expect.
A clear overview of your expenses makes these trends visible and helps you to identify patterns and manage them more effectively. This makes it easier to set priorities and work toward specific financial goals. Even small changes in your everyday life can make a big difference in the long run.
Many people in Switzerland use several banks at the same time. In principle, this is possible, but it can make things unnecessary complex. It is much more difficult to keep an overview if your income, expenses, savings accounts, mortgages and retirement planning are spread across multiple institutions. The overall picture often remains fragmented, and opportunities for better financial planning are easily missed.
Having one main banking relationship that brings your key financial activities together in one place makes day-to-day financial management much easier. Income, expenses, savings, investments and mortgages can be considered as a whole. This way, you can keep track of all your financial transactions at all times, make more informed financial decisions in your daily life, and lay the groundwork for comprehensive financial planning that can be optimized over the long term.
Financial planning isn’t a matter of technical expertise or complicated planning. It begins with a clear focus on what really matters: Where does my money go? Which payments are made on a regular basis? And what could be optimized?
Digital solutions help increase transparency. Informed customers generally make sounder decisions. Keeping a clear overview makes you better prepared – for small decisions in everyday life and major choices about savings, pension planning and financial planning.
Arrange an appointment for a non-binding consultation or if you have any questions, just give us a call.
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