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  #21  
Old 05.06.2015, 09:34
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Re: How much one can save in general per month?

Though it's a bit difficult to say, I think it would turn out to be considerably more than 10k a year.

If your gross salary is 100k your taxable income will be considerably lower (net salary like 85-90k, taxable income 70-80k), but you seem to be looking for a ballpark guess that leaves potential for positive surprises, so let's assume 100k taxable income: 16k income tax in Zürich city (Gemeinde, Kanton, and Federal combined), plus wealth tax, which is roughly 0,5% of your net wealth. Try the tax calculator on this page.

Check out immoscout24.ch, for example, for the rent you should expect. Health insurance cost 200-300CHF a month (if you're young and healthy you'll want to chose the highest "Franchise" available") (pick an inexpensive insurer, your benefits are defined by law, thus the same whichever insurer you pick).

For everything else double what it costs in Germany, this should also leave some room for positive surprises.

In CH churches get their income by people paying church tax, roughly 10% of total tax amount. The basis for that is being registered as part of either the catholic or evangelical (Reformiert/Protestant) church. Subject to your (non-)belief you may want to double check your registration data are recorded correctly.
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  #22  
Old 05.06.2015, 09:39
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Re: How much one can save in general per month?

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I just need a rough estimate.
CHF 6072 / year (or whatever the 3a max is this year).

But that was living in Ticino, life is more expensive in ZH.

Tom
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  #23  
Old 05.06.2015, 09:52
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Re: How much one can save in general per month?

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Yes - if you want to live a 55k per annum lifestyle.
is that you Captain Obvious?
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  #24  
Old 05.06.2015, 10:38
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Re: How much one can save in general per month?

No one mentions mandatory savings for pension plan LPP. It's about 17% yearly with 8.5% max from employee. Money can be cashed-in if you leave Switzerland definitely to a non-EU country. Interest rate are 1.25-1.5%.
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  #25  
Old 05.06.2015, 10:50
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Re: How much one can save in general per month?

25-30k seems about right, I have about 3-2.5k left in the bank after all my expenses month-to-month.
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  #26  
Old 05.06.2015, 10:51
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Re: How much one can save in general per month?

Wow...people are grossly underestimating rent on this thread.

I was in a similar position. Rent is likely to be closer to 2000-2500 for a decent place (i expect he will want to be comfortable). less then 2000 is possible, if you dont mind living in an old place, with very few creature comforts, but even then for Zurich i expect you will still be around the 1500 mark. Software engineers often work from home, so i would expect the OP wants a comfortable home. Expect 2000-2500, but lets say 2250 as a nice compromise.

100K salary means you wil be taxed at source, so you dont need to worry about saving for tax, but you will need to account for the reduced take home pay each month. Of your 7700 gross salary (if it is split into 13 months) you will take home probably just under 6000fr (taking into account AHV, IV, EO, unemplyment insurance, pension (around 350fr/month if you have one), kantonal tax, and medical insurance also around 350/month).

Of that <6000fr, you will need to pay your TV contract, your mobile phone contract (these two combined will be around 300 for a decent package, if youre over 26), and rent (2250fr). This will leave you with approx <3450/month.

As others have mentioned, food will likely set you back 750 a month (i doubt you'll buy 1000fr worth, unless you pig out, frequently). This could be higher, since youre working from home. That leaves 2700.

You'll want to go out at least once a week (dinner/drinks etc). keeping in mind a cinema ticket is around 35Fr in Zurich, and dinner for 70Fr is reasonable, lets budget 700Fr for this. 2000.

From that 2000, you will need to pay the rest of your living expenses. Will you have a car? Fuel will set you back around 150fr a month (for normal amounts of driving). Budget 1000 for insurance/year too, unless youre old. An additional 100fr for an underground parking slot in your building.

You will get a lot if invoices (things like Billag, utilities, speeding fines, purchases etc), i budget around 300/month for these. 1700.

Of that, there will be sundry expenses, of around 700 per month. sometimes more, sometimes less.

You should, however, be able to comfortably save 1000/month. possible even 1200. so anywhere between 13000 and 20000Fr, depending on how much of your yearly bonus (if you get one) and your 13th salary (if you get one) you put in savings.
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  #27  
Old 05.06.2015, 11:15
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Re: How much one can save in general per month?

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Wow...people are grossly underestimating rent on this thread.

I was in a similar position. Rent is likely to be closer to 2000-2500 for a decent place (i expect he will want to be comfortable). less then 2000 is possible, if you dont mind living in an old place, with very few creature comforts, but even then for Zurich i expect you will still be around the 1500 mark. Software engineers often work from home, so i would expect the OP wants a comfortable home. Expect 2000-2500, but lets say 2250 as a nice compromise.

100K salary means you wil be taxed at source, so you dont need to worry about saving for tax, but you will need to account for the reduced take home pay each month. Of your 7700 gross salary (if it is split into 13 months) you will take home probably just under 6000fr (taking into account AHV, IV, EO, unemplyment insurance, pension (around 350fr/month if you have one), kantonal tax, and medical insurance also around 350/month).

Of that <6000fr, you will need to pay your TV contract, your mobile phone contract (these two combined will be around 300 for a decent package, if youre over 26), and rent (2250fr). This will leave you with approx <3450/month.

As others have mentioned, food will likely set you back 750 a month (i doubt you'll buy 1000fr worth, unless you pig out, frequently). This could be higher, since youre working from home. That leaves 2700.

You'll want to go out at least once a week (dinner/drinks etc). keeping in mind a cinema ticket is around 35Fr in Zurich, and dinner for 70Fr is reasonable, lets budget 700Fr for this. 2000.

From that 2000, you will need to pay the rest of your living expenses. Will you have a car? Fuel will set you back around 150fr a month (for normal amounts of driving). Budget 1000 for insurance/year too, unless youre old. An additional 100fr for an underground parking slot in your building.

You will get a lot if invoices (things like Billag, utilities, speeding fines, purchases etc), i budget around 300/month for these. 1700.

Of that, there will be sundry expenses, of around 700 per month. sometimes more, sometimes less.

You should, however, be able to comfortably save 1000/month. possible even 1200. so anywhere between 13000 and 20000Fr, depending on how much of your yearly bonus (if you get one) and your 13th salary (if you get one) you put in savings.
Useful points, except the phone and TV bit - 300 CHF is not sensible if you're trying to save. Get a phone contract for 70 CHF and buy a TV for 700 CHF or less, and he's 2000 CHF better off already.

Not sure why you assume working from home? In my experience this is relatively rare for a software engineer.

OP - you can check rents on www.homegate.ch
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  #28  
Old 05.06.2015, 11:19
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Re: How much one can save in general per month?

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Useful points, except the phone and TV bit - 300 CHF is not sensible if you're trying to save. Get a phone contract for 70 CHF and buy a TV for 700 CHF or less, and he's 2000 CHF better off already.

Not sure why you assume working from home? In my experience this is relatively rare for a software engineer.

OP - you can check rents on www.homegate.ch
He'll probably need an Internet connection though so he'll need to add that to the expenses.
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  #29  
Old 05.06.2015, 11:59
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Re: How much one can save in general per month?

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Wow...people are grossly underestimating rent on this thread.

I was in a similar position. Rent is likely to be closer to 2000-2500 for a decent place (i expect he will want to be comfortable). less then 2000 is possible
http://www.homegate.ch/mieten/immobi...=1900&tab=list
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  #30  
Old 05.06.2015, 12:02
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Re: How much one can save in general per month?

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Useful points, except the phone and TV bit - 300 CHF is not sensible if you're trying to save. Get a phone contract for 70 CHF and buy a TV for 700 CHF or less, and he's 2000 CHF better off already.

Not sure why you assume working from home? In my experience this is relatively rare for a software engineer.

OP - you can check rents on www.homegate.ch
If he wants any sort of decent channel selection, he will need a subscription. Assuming he wants English channels, that means one of the more expensive subscriptions.

A phone contract for 70chf is possible provided he has his own handset. otherwise, he'll need a handset + subscription. combined with the TV subscription (which, as Belgianmum points out below, will come with a internet connection, something he will certainly need) it will total around 300chf. he might manage with 250, but it wont be much different.


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He'll probably need an Internet connection though so he'll need to add that to the expenses.
Ultimately, OP, it comes down to how you wish to live in Switzerland. If you want to be comfortable, have a nice flat, with comfortable furniture, a decent TV, decent internet and tv channels, a relatively modern phone, and an existant social life etc etc etc, you will save a reasonable amount.

If you stay at home, don't go out, have a small TV and no frills (or fun) in life, and are happy eating baked beans (supermarket brand) 25 times a week, sat on a deck chair (the only piece of furniture) in your dark, old, tiny, cheap flat, you will probably save a lot more.

You can save what you want - just keep in mind your experience of Switzerland will depend on what you put in to it. The more you see and do, the more you'll enjoy it.
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  #31  
Old 05.06.2015, 12:55
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Re: How much one can save in general per month?

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Wow...people are grossly underestimating rent on this thread.

I was in a similar position. Rent is likely to be closer to 2000-2500 for a decent place (i expect he will want to be comfortable). less then 2000 is possible, if you dont mind living in an old place, with very few creature comforts, but even then for Zurich i expect you will still be around the 1500 mark. Software engineers often work from home, so i would expect the OP wants a comfortable home. Expect 2000-2500, but lets say 2250 as a nice compromise.

100K salary means you wil be taxed at source, so you dont need to worry about saving for tax, but you will need to account for the reduced take home pay each month. Of your 7700 gross salary (if it is split into 13 months) you will take home probably just under 6000fr (taking into account AHV, IV, EO, unemplyment insurance, pension (around 350fr/month if you have one), kantonal tax, and medical insurance also around 350/month).

Of that <6000fr, you will need to pay your TV contract, your mobile phone contract (these two combined will be around 300 for a decent package, if youre over 26), and rent (2250fr). This will leave you with approx <3450/month.

As others have mentioned, food will likely set you back 750 a month (i doubt you'll buy 1000fr worth, unless you pig out, frequently). This could be higher, since youre working from home. That leaves 2700.

You'll want to go out at least once a week (dinner/drinks etc). keeping in mind a cinema ticket is around 35Fr in Zurich, and dinner for 70Fr is reasonable, lets budget 700Fr for this. 2000.

From that 2000, you will need to pay the rest of your living expenses. Will you have a car? Fuel will set you back around 150fr a month (for normal amounts of driving). Budget 1000 for insurance/year too, unless youre old. An additional 100fr for an underground parking slot in your building.

You will get a lot if invoices (things like Billag, utilities, speeding fines, purchases etc), i budget around 300/month for these. 1700.

Of that, there will be sundry expenses, of around 700 per month. sometimes more, sometimes less.

You should, however, be able to comfortably save 1000/month. possible even 1200. so anywhere between 13000 and 20000Fr, depending on how much of your yearly bonus (if you get one) and your 13th salary (if you get one) you put in savings.
I don't know where you are getting the numbers for rent and cinema ticket from. As a single person, he/she can comfortably rent a 1 bedroom apartment at around 1800 CHF and the last time I have been to the cinema, the ticket cost 19 CHF.

Also 1K for groceries is definitely too high for a single person. A car is not necessary in Switzerland. Public transport is perfectly fine.

To the OP, I think you can save 2000 CHF or even more on that if you live sensibly.
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  #32  
Old 05.06.2015, 13:30
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Re: How much one can save in general per month?

as said, it depends on your lifestyle, and also whether you bother to minimise costs. you can do the "stupid foreigner open wallet and hope for the best" strategy which will cost. or be more careful. e.g. you can go with Swisscom and pay >100chf for a mobile phone subscription, or go for a cheaper deals which still give unlimited calls/internet for 30chfs a month. pay 5000chfs a month for a swanky serviced flat in the centre of town, or pay 2000chfs for still a very good flat 10 mins walk away.

i know people who earn a fraction of that salary and manage to save 1k per month...
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  #33  
Old 05.06.2015, 14:20
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Re: How much one can save in general per month?

If you want info on cost of living, there's loads of info here. Here are some threads that I think cover the topic nicely, including links and examples of actual expenses. The first one is a bit old, but quite comprehensive and worth a look. The second is more recent:

Cost of living - help needed to get it right

Cost of living in Switzerland-with examples

There are more than 100 threads that talk about cost of living and of course, how much you might be able to save. Some might be relevant to you and others not, but do have a read through the more recent ones. There's a LOT of good advice in there, you just have to do a little of the leg (er, reading) work yourself:

http://www.englishforum.ch/search2.php?q=cost+of+living

Hopefully you can compare your own current costs and lifestyle using some of this info, and determine whether the move is for you.
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  #34  
Old 05.06.2015, 14:44
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Re: How much one can save in general per month?

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A car is not necessary in Switzerland.
Provided you live and work in a city with good public transport.

Many people here don't.

Tom
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  #35  
Old 05.06.2015, 16:06
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Re: How much one can save in general per month?

At 100k and single, I was easily able to save 20k+ p.a. without even trying, and I didn't live particularly frugal - decent-sized modern apartment, car (paid off though, not leased), dining/going out 2-3 times a week, at least two great vacation trips (and not in the Engadin) plus one or two city trips a year

Sorry, anyone who claims that as a single, you cannot live VERY VERY comfortably on this salary desperately needs some sense knocked into them. A quick reminder: a 100qm modern apartment for just one person and three trips to the Maldives each year don't constitute basic human rights, but both are an absolute luxury. A job as an SE doesn't allow for a superluxurious lifestyle anywhere in this world, Switzerland being no exception.

A cinema ticket most certainly doesn't cost 35.- anywhere in Switzerland and even if I had only bought the best of the best, I wouldn't have spent 1'000.- a month on groceries just for myself.

A car in Zurich is unnecessary too, though it would easily be possible to have one at that salary, even if leased.

And at 130k, it's the easiest thing in the world to save 25-35k/year with no effort to speak of.
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  #36  
Old 05.06.2015, 16:59
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Re: How much one can save in general per month?

Paying 300 CHF for phone and internet is crazy. I pay 60 CHF for gigabit internet from Fiber7 and 20 CHF for a prepaid package from Adli Mobile. If you want to throw money away to Swisscom or Cablecom then you can't complain about not being able to save. Saving is all about cutting down your foxed costs.
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  #37  
Old 05.06.2015, 19:34
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Re: How much one can save in general per month?

If your employer needs to reach you after-hours, he should just pay you a phone contract. Mine does.
They also pay for DSL - I just pay for the landline. I'm on-call sometimes, so it's not really a luxury.

If my employer didn't want to pay for the mobile phone contract, I'd probably also switch to a prepaid contract.
Don't know about the DSL. I admit I'm very used to it.

Rents in Zurich are crazy, but outside it's a bit better (depending on various factors: tax-rate, S-Bahn connection, distance to Zurich etc.pp.)

One can save a lot. The question is: how much do you want to save (by sacrificing parts of your lifestyle, leaving your comfort zone).
Also, what do you want to do with the money?
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  #38  
Old 05.06.2015, 21:20
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Re: How much one can save in general per month?

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Consider me living an average lifestyle, single house room apartment and everything on average.
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A phone contract for 70chf is possible provided he has his own handset. otherwise, he'll need a handset + subscription.
[...]
Most people with high-priced subscriptions overpay.
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