How much money should you put aside per household each month?
If you keep an eye on your personal savings rate, you have a decisive advantage.
How much money should you put aside per household each month?
The savings goals and opportunities here are individually different for each person.
If you look at the
overall
savings rate
, it can be said in retrospect for the past year that
people in Germany
saved like the world champions
in Corona year 2020 *
- largely because trips were canceled and shops and restaurants only offer services to a limited extent over long distances were allowed to.
Savings rate 2020: record high of 16.2 percent
The
savings rate
soared to a record high of
16.2 percent in
2020
.
That means: for every 100 euros of disposable income, households put an average of 16 euros on the high edge.
How to calculate your personal savings rate:
The savings rate can, for example, also be calculated for every private household.
It puts the
savings in relation to the disposable income, i.e. the net amount that
remains
after deducting taxes and
social security contributions.
The
savings rate of private households
(consisting of one or more people) is calculated using this formula:
Amount saved monthly / total available monthly income x 100 = savings rate in percent
In other words, if you have a
net income of 1,500 euros
and
save 150 euros of
that, the
savings rate is ten percent
.
Also Read:
You Can Save A Lot Of Money With The 50-30-20 Rule - This Is How The Simple Formula Works
How much money should you put aside for the household every month?
Should you
reconsider
your
savings rate
and adjust it if necessary? Basically, the personal savings rate must be determined individually. After all, everyone has different costs, wishes and financial opportunities. However, experts also recommend, for example,
saving
a "
nest egg
" of three net monthly salaries in order to create an appropriate buffer, i.e. to set aside an appropriate amount for contingencies - so that you can still pay your bills in emergencies, suddenly pending repair costs or other unexpected costs can. In order to achieve this goal, everyone can also rethink their personal savings rate accordingly.
The practical thing about it: If you
simply keep an
eye on
the
savings rate
, you will quickly get an overview of how much money you are currently "entitled" to - and which possible additional costs would still be covered.
If you now keep a record of your finances, you can easily forget anything about money.
(ahu) * Merkur.de is an offer from IPPEN.MEDIA.
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With these seven tips you can save a lot of money in everyday life
These seven tips will save you a lot of money in everyday life