Putting money on the high edge is not easy, especially in times of inflation. A study by the Bundesbank shows how high the average wealth per household has recently been.
When prices rise, it is unavoidable to pay a few euros more for your regular costs. If you also want to treat yourself to something, you have even less left for the savings book. If you can make it possible, you should still put some money aside on a regular basis.
Whether it's a broken washing machine, a high bill from the municipal utilities or underpriced holiday planning - just in case, it's always advisable to have a nest egg available.
What is the average amount of assets? Study by the Bundesbank
Due to the increased costs, it is not easy to save enough money. © photothek/Imago
Although there was plenty of time for online shopping, the pandemic period taught many people to save money. No trips to the cinema, restaurant or shopping center and also the holiday fell flat. This forced most of them to reduce their consumer behavior. Some were also dependent on state financial aid. Overall, Germans have recently been able to record significantly higher figures in their accounts. This is the result of a representative study by the Bundesbank, which refers to the period of 2021.
Private wealth grew significantly
According to Tagesschau.de, the assets of German households grew to an average of around 316,000 euros net, according to the study. In other words, about a third more than in the last study four years earlier. And even after the restrictions were lifted, some people seemed to have been able to maintain their newly learned savings skills. "However, one in four households had financial losses as a result of the Corona pandemic," the Tagesschau report also says.
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Set aside at least three months' salary as a nest egg
According to experts, at least three months' salary as a nest egg should be set aside if possible, and in a separate account. So that you can react to all eventualities if necessary. Be it because the washing machine suddenly gives up the ghost, the refrigerator goes on strike or the car needs to be repaired. And these are just a few examples.