2023 Author: Gabrielle Mercer | [email protected]. Last modified: 2023-05-21 12:25
The apprenticeship is still in full swing, or you are just getting started with your job: Who has money left over at this stage to think about their future provision? Even for the reserve of a nest egg there is often hardly anything going on. Sure, the retirement years are still a long way off for young people. But still it is not advisable to put off the topic of old-age insurance for too long. The earlier you start, the more you can get out of your savings. Even if only a small budget can be saved for the time being.
The most important tip from finance manager Larissa Kravitz: “Don't get into debt! Because nothing complicates the accumulation of assets more than earning expensive overdraft interest on the salary account or a loan for a 128-inch TV or a car. It is better to save a nest egg on the daily money account from which repairs that suddenly arise or the deposit for the new apartment can be paid."
Invest with foresight. The younger you are, the further you can plan for the future and consider the riskier investments, says the expert. Some banks or brokers already have savings plans for ETFs for as little as 30 euros. That is a sum that can be raised even as a young person. A savings of three to six monthly salaries or fixed costs is ideal as a nest egg. If you have your first job, it is advisable to set aside part of the holiday and Christmas bonus in the early years. The emergency money, however, is not an assessment, but intended as an aid in difficult times. Another tip: get your pension as a gift. Instead of a boring present, your family could surprise you with a small gold bar or gold coin for your birthday or Christmas.