Is now the right time to Invest? Should you this month more save? Where do I actually stand in the Retirement with my pillar 3a?
Wow, these questions are costly to answer on a regular basis!
The nice thing? You can get the Effort save! In this post you'll learn how to get your Finance automate can.
Once with this Instruction set up, start standing orders and sit back. You'll not only save a lot of time and nerves, but even financial more successful be. Why?
Find out in the article!
To automate your finances, you should create a good starting point. A Budget book helps you significantly to get an understanding of your finances.
If you know how much you have available each month, use a Financial system for you. This could look like this, for example:
Once your nest egg is filled, there is nothing more to do here.
Except: Do not touch it. It should always be available for emergencies.
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With the Savings accounts these are targeted sub-accounts (you can find them at some online banks conveniently set up and automate free of charge).
These subaccounts are for short-term, planned expenses. The money in the Subaccounts should not be invested and therefore remains in the accounts. For example, the summer vacation could be such an account.
The Retirement I recommend that you automate this. That way you never have to check whether you have reached your Pillar 3a contribution this year or not.
Simply share the current Maximum contribution by 12 and then set up a savings plan on your Pillar 3a account.
Example 2026: £7,258 / 12 = CHF 604 per month
This probably sounds strange to you. But because a large part of the population spends far too much, an account for consumption can help a lot.
Especially with rising Salary lifestyle expenses often increase as well. The car, the handbag or the vacations become more expensive.
A consumption account helps to prevent consumption from getting out of hand. Determine how much money you want to spend on consumption each month and transfer the amount to your account. Standing order to an account designated for this purpose.
The new designer sneakers have emptied the account? Okay, then the next "unnecessary" expense will come next month.
Doesn't sound like much fun? But you will enjoy your growing investment portfolio.
Science clearly confirms that no one succeeds in the long term to always find the right Timing to have when investing. Therefore a regular Savings plan the smartest way to build your wealth.
Set yourself a financial goal, set up a strategy for exactly that (for example, at a robo advisor) and then transfer money there every month by standing order.
In this way, exactly this target is automatically saved for every month.
Note: Since investments yield returns over the long term, the above chart shows an arrow going back, i.e. up, into your paycheck account.
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If you have your Finance automate If you want to do this, a little more effort is necessary at the beginning. But plan for a rainy day and you'll get there quickly.
Afterwards your investments run automatic your pension plan is in place and you always have your reserves under control.
Feels good, doesn't it? Then what are you waiting for?
If you want to build up your finances systematically and strategically, you will find the FinanzFahrplan (in german) love. There you will learn how to approach your investments and your pension provision in a tax-optimised and strategic way!
If you have any questions, feel free to ask them in the comments.
Hi, Eric,
I would like to know how you invest automatically - do you use a robo-advisor, a broker or a combination of both? You don't have to go into detail or strategy. I currently use Neon Invest myself, as I already have everything with Neon anyway. What bothers me, however, is the effort involved in rebalancing - especially if a large sum has already been invested. In addition, some ETFs can no longer be saved in automatically, either because the price is already too high or fractional shares are not possible. This raises the question for me of whether a robo-advisor with low costs might make sense here.
Best regards
Marc
Hi Marc,
I invest according to ZOGA (goal-orientated investing) and have allocated different investment pots to my individual investment goals. Within these, I have implemented automatic rebalancing.
Depending on the provider, however, it may still be necessary to intervene manually. Unfortunately, the Neon solution does not currently offer this.
For a convenient investment and a proper ETF strategy, I definitely recommend using a provider that offers a wide range of ETFs to choose from in order to implement a clean investment strategy, as well as the necessary tools to set up the whole thing in a clean and automated way. I can show you this step by step in the AutoPilot or in the FinanzFahrplan show.
Thank you for your answer. Do you use one or more brokers or robo-advisors?
With pleasure!
Depending on the situation, it may even make sense to use different providers for each ZOGA pot (sometimes even brokers & robos in parallel).