How to save money earned at work in Germany

muncă în Germania

The salary you earn at work in Germany compared to the one you earn in Romania can be 4-5 times higher. This means that you will have to manage, on a monthly basis, a fairly large amount of money, which amounts to up to 2000 euros.

In order to be able to manage this money efficiently, it is important to have some notions of financial education. This information will help you figure out how to save money, how to split your expenses, and how much money you have left. More importantly, you will have a course of money and you will not live with the impression that you do not know what you did with the money.

Many people are overwhelmed by the amount of money they earn and the responsibility of managing it. Well, know that using just a few simple rules you will be able to divide your money in such a way as to satisfy you financially.

Urgent! Save money on work in Germany

You’ve heard this advice since you were a child: put money aside. Why? Well, that money will be able to pay for a medical emergency, the new furniture you’ll need, a vacation, or a busy trip. Putting money aside is just a gesture of concern for you.

Problems can arise at any step and almost all of them require money to solve. In order not to be taken by surprise, put money aside. Experts say that absolutely anyone, regardless of the money they earn, can put 10% of their salary in a savings account. This is a very small amount, but it will be of great use to you over time. It’s about the money you lose, you don’t know what you did with it. Choose to split your money monthly and set aside 10%.

There are countless ways to save money. For starters, you need to be aware of how much money you earn and what you spend on it. If you better understand where the money is going, you will better understand where you are wasting it and what you can do to keep it. If you can’t find the motivation to save, think that a Romanian owns around 3 cars all his life. It wouldn’t be a bad idea to start putting money aside for your next car, would it?

Set aside money for retirement

I know you may not be thinking about this yet, but how long do you have until retirement age? Do you have enough money to retire when you want? Will you have a state or private pension?

Well, it’s time to dump her and move on. Considering that the money you earn at work in Germany is quite a lot, you can consider starting to save for a private pension.

Studiile arată că doar 12% dintre români au pus niște bani deoparte pentru pensie. Un procent extrem de mic, având în vedere pensia mică din România.

What methods do you have to save money from work in Germany?

Make a budget. Take a notebook or notebook and write down how much money you earn and what you spend on it. Economists say that 50% of your salary should go to rent and food. 20% of the money you earn can be set aside, and 30% of it is for your personal needs.

Make an automatic money transfer process in a savings account. If you receive the money on the card, you can do an automatic process, so that the desired amount will be transferred to your savings account on a monthly basis. This way, you will keep your contribution constant and you will no longer have to worry about the transfer.

Keep track of your expenses. Write on a piece of paper absolutely all the money you spend. Whether you get a coffee, a croissant or a loaf of bread, go to the sheet. Avoid debt. Do your best not to borrow from friends or other people, because it will be very difficult for you to keep up with the money.

Make a savings plan and stick to it. This way, you will be able to better understand where your money is going and how you can manage it so that it reaches you for as long as possible.

Lucicosm Mediere has started work in Germany for the year 2022. If you want to earn more money so you can put money aside, call us and reserve your job. Departures take place as soon as possible and the winnings are guaranteed.


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