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Invest in the nest egg: You should always have this amount of money available

2022-08-04T13:00:58.939Z


Invest in the nest egg: You should always have this amount of money available Created: 2022-08-04 2:49 p.m By: Alina Schroeder An emergency fund should be saved as a financial reserve. The consumer center has a recommendation. (Iconic image) © K. Schmitt/Imago Many things are currently becoming more expensive. In order not to get into financial problems, the consumer advice center therefore re


Invest in the nest egg: You should always have this amount of money available

Created: 2022-08-04 2:49 p.m

By: Alina Schroeder

An emergency fund should be saved as a financial reserve.

The consumer center has a recommendation.

(Iconic image) © K. Schmitt/Imago

Many things are currently becoming more expensive.

In order not to get into financial problems, the consumer advice center therefore recommends creating a cash reserve.

Kassel – Because of the Ukraine war, the economic situation in Germany is extremely tense.

Many things are becoming more expensive, including food, electricity and gas.

This often poses an enormous challenge for private households. In order not to get into financial difficulties, it is therefore advisable to invest in an emergency fund.

Because: Unplanned expenses can always occur, be it a car repair or a proper back rent payment.

The consumer advice center recommends saving and setting aside a certain amount.

Invest in the nest egg: This is how much money you should save

However, the term "nest egg" is somewhat misleading in this context.

After all, the recommendation of the consumer center is a much higher amount of money.

Specifically, this means two to three months' salary.

Of course, different life situations have to be considered: After all, a single household consumes less on average than a family of four.

The latter need correspondingly higher emergency reserves.

But where should you stash the money?

According to the consumer center, a piggy bank or a current account are rather bad ideas.

A call money account is more suitable.

After all, this is made to save money that is currently not needed.

In addition, there is an overnight interest rate.

Nest egg for unplanned expenses: How best to save money

But what is the best way to save this large amount?

After all, two to three months' salary is a lot of money.

This can be done, for example, in the following ways:

  • Saving little by little

    : A certain fixed amount can flow from the checking account to the call money account every month.

    Depending on the expenses per month, five percent of the net income can be targeted according to the consumer advice center.

  • Tax refunds:

     If you are happy to receive a tax refund after completing your tax return, part of the money can flow directly into the call money account and be used as a financial reserve.

  • Christmas and holiday pay:

    Christmas or holiday pay is a nice bonus for employees.

    If you benefit from this, this can also be considered as a reserve for the cash reserve.

    According to the consumer center, a third of the amount is an ideal guideline.

Basically, it is important to be prepared in good time for foreseeable price increases, for example increases in energy costs.

If you then have saved a good amount as an emergency reserve, you should not run into financial problems so quickly.

In summer you can also save a lot of energy - if you avoid a few mistakes.

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Source: merkur

All life articles on 2022-08-04

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