Q: What are fixed costs and variable costs?

Fixed costs: regular, fixed expenses such as rent, health insurance, public transportation pass, mobile phone Variable costs: flexible expenses like food, leisure, shopping, streaming

Q: Where can you find a budget template?

You can download a free, simple template for a budget plan here .

Question 1

Why is budgeting important?

Accepted Answer

A budget helps you get a handle on your personal finances. It shows you what you’re spending your money on, uncovers hidden costs and ensures you have more left over at the end of the month – without having to sacrifice quality of life.

Question 2

When should you start budgeting?

Accepted Answer

Drawing up a budget is always worthwhile, especially during major transitions in life:

When you move away from home
When you start your studies
When you get your first paycheck

A budget also results in fewer arguments and a fair distribution of costs in a shared apartment or relationship.

Question 3

How do you draw up a budget?

Accepted Answer

1. Write down all your income.

2. Divide your expenses into three categories:

a. Fixed costs (e.g. rent, health insurance, mobile phone contract)

b. Variable costs (e.g. dining out, leisure, streaming)

c. Saving (at least 10% of your income, if possible)

3. First, build up an emergency fund, then set aside money for your pension (e.g. pillar 3). You can then invest any free funds.

Question 4

What are fixed costs and variable costs?

Accepted Answer

Fixed costs: regular, fixed expenses such as rent, health insurance, public transportation pass, mobile phone
Variable costs: flexible expenses like food, leisure, shopping, streaming

Question 5

How much should you save?

Accepted Answer

It is advisable that you set aside at least 10% of your income for savings and retirement.

Question 6

Tips for successful budgeting:

Accepted Answer

Set clear spending limits, e.g. CHF 100 for eating out
Create an emergency fund for unexpected expenses
Review your budget regularly – it only takes 5 minutes and saves hassle

Question 7

Where can you find a budget template?

Accepted Answer

You can download a free, simple template for a budget plan here.

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Budgeting made easy: keep your spending under control

FAQ

Download the personal budget plan now and organize your finances.

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