Adopt a saving system

Can you put a certain amount aside each month? But you shouldn't simply rest on your liquidity cushion. Due to the current interest situation, new strategies are needed in order to save in a sustainable manner. With long-term savings and investment solutions such as an investment fund account or UBS Vitainvest Investment Funds, you will increase your chances of getting more out of your savings.

Andreas Staub, FehrAdvice & Partners

"You can increase your chances of success by actively making changes to your behavior. Because saving on a limited budget is so difficult, it doesn't make sense to remain fixed on a specific amount. Instead, you should simply try and set money aside on a regular basis. This gives you a constant sense of achievement and leads to positive results in the long term, even with small amounts."

Daniel Bregenzer, UBS

"Your Personal Financial Assistant in UBS e-banking analyzes your expenses and illustrates them clearly. This enables you to draw up a budget. Thanks to the Mobile Banking app for your smartphone, you always know exactly how much money you're spending, and what you're spending it on. This is the key to recognizing your savings potential and deciding how much you can save and put towards your retirement each month."

These products will help you to invest your savings properly.

Andreas Staub, FehrAdvice & Partners

"We generally find it difficult to pay money into a savings or retirement savings account because that means sacrificing immediate consumption in order to be able to afford something else later on.

We prefer being able to make purchases whenever we like. This feeling is reinforced by the fact that we are constantly trying to keep up with our neighbors and comparing who has the best car, for example. Paying money into a savings account should become a habit, and even be automated if possible, so that we don't have to keep making the decision to save money. Making it harder to access your savings can also help – it's the same principle as keeping a box of chocolates out of sight and out of reach."

Daniel Bregenzer, UBS

"Setting up a monthly standing order for your savings or retirement savings account is a way of killing two birds with one stone. Automating the savings process with a set amount means that after a while, you won't even think about it any more. It's also possible to make each of your accounts 'invisible' in UBS e-banking. Then you won't be tempted to dip into your savings after all, and that will help you to save in the long term."

These products will help you to invest your savings properly.

Andreas Staub, FehrAdvice & Partners

"Liquid assets may give you a sense of immediate security. But sooner or later they can also cause dissatisfaction if you realize you haven't exploited the full potential of your assets. The option to invest money in a retirement savings account seems to put a lot of people off, for example. Why? Because you have to manage without your money for a long time, and won't be able to reap the rewards until the time comes to withdraw your pension.

With retirement savings in particular, it's important to constantly keep in mind the immediate reward or instant gratification: your are saving taxes in the short term. You can deduct the annual payments on your next tax return."

Daniel Bregenzer, UBS

"In the current 'low interest' rate environment in particular, having a big liquidity cushion does actually cost you money. When you analyze your financial situation, use the following rule of thumb to determine how much liquidity you need:

• Your fixed costs for the next three months

• Any investments you plan to make over the next five years

• Solid reserves for any unexpected events

This will leave you with sufficient collateral. Any remaining liquidity should be invested so that you can benefit from higher potential returns in the long term. My colleagues will be happy to help you to optimize your savings."

These products will help you to invest your savings properly.