Notgroschen & co.: how much money do I need to live?

Notgroschen & co.: how much money do I need to live?
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SaveHow much money do I need to live? Car, holiday, house and children – life goes into money. But how much do I really need to live for a good one?

How much should I save and how much should be ready to handle in case of need? 6.9 million people in Germany are considered to be overdebted – they regularly spend more than they take. That is only partly because they live above their relations; more frequently, there are unforeseen events such as job loss, illness or also segregation or death of the partner that will let them be blamed.

We will show them how they come to how high they should be hard-growing and how they can save it easier from the hand. Because what one defines as good living can be associated with higher costs than living that another dreams and vice versa. Moreover, the amount they require per month depends heavily on their personal situation.

So here only helps: to think what they want to live from, which areas are more important to them than others – and to pass through. That works by Excel table on the laptop just as well as with special apps or also the good old note and pencil. How exactly they lead a household book, they read here.

Maybe they put a good habit and equipment, but can easily dispense with their own car. Generally recommend expert rules for the ratio of individual posts to net wage:living: their rent should not be more than a third of their net income in the cut including additional costs. If they want to buy a home, the causal rule applies that their maximum monthly rate for construction financing should not be higher than 35 percent of their monthly net household income.

They account for up to 15 percent of the purchase amount. Their rent should not be more than a third of their net income in the cut including additional costs. If they want to buy a home, the causal rule applies that their maximum monthly rate for construction financing should not be higher than 35 percent of their monthly net household income.

They account for up to 15 percent of the purchase amount. Food: about 15 percent of their household income should be planned for this – food such as alcohol or tobacco already included. About 15 percent of their household income should be planned for this – consuming such as alcohol or tobacco already included.

Insurance: absolutely necessary is a liability insurance. Also a household insurance is advisable. Also a household insurance is advisable.

Transport: a car should not cost it more than a maximum of six net household income. Insurance, interest and maintenance should not be more than 15 percent of the household income. A car should not cost it more than a maximum of six net household income.

Insurance, interest and maintenance should not be more than 15 percent of the household income. Health/Hygiene: plan for drugs, hygiene articles and co. about four percent of their household income. They are planning for medicaments, hygiene articles and co. about four percent of their household income.

Recreation/exit: about ten percent of household income is realistic here. About ten per cent of household income is realistic here. Clothing: here about five percent of their household income may be used.

Important: if possible, they will never spend their entire monthly budget, but they will take part in it. The absolute minimum of money that a person needs to live is called existential minimum. So the existential minimum, which is based on Hartz-IV performance, is for single persons at 424 euro per month, plus cost for accommodation and heating.

The causal minimum of existence, on the other hand, gives the prospect of which tax-free income must remain. In 2020, a single person is entitled to a sum of 9.408 euro, i.e. Since juli 2019 it has been for single debtors at 1.178.59 euro net per month.

The so-called socio-cultural minimum of existentiality should also ensure participation in social, cultural and political life. The great majority, however, does not only want to survive, but also have a piece of comfort. So you can go for example restaurant visits, go spontaneously a coffee with friends drinking or go on holiday.

Then they have so much money that they hardly think about their spending. Then only the extravagance follows – a condition in which they spend their money for dinge, which are unnecessary and meaningless in the eyes of most people. From when more money does not make more satisfiedan investigation of the economic daniel kahneman and angus deaton, by the way, there is an exact sum up to which she makes more money ever happier: 60,000 euros per year.

All in addition, therefore, does not give them any further boost for satisfaction, but rather makes them more unhappy. For example, they have already accumulated a certain amount of power, they need to save comparatively less than someone who is still at the beginning. Also the age plays a role – because the less time they stay to achieve a saving goal, the greater the guesses must be.

And of course: their saving goal itself decides how much they should leave every month. Short-term objectives such as, for example, a larger holiday require other amounts than long-term objectives such as not having to make a difference in the rest. So this makes it easy to save step for step in their everyday – up to a routine has become.

Three net monthly containers should put them on the high edge to be thrown from unforeseen not completely out of the track. They have children or possess an immobility, should they increase the reserves better – because unplanned spending is then much more common. The money they best place on a giro or day money account so that it is always ready to handle.

Only when he says, they can think about making money. Are they on their account in the dispo or need to pay a consumer credit, they should first take care of it. According to the consumer center, for example, they should not give up important investments, only to build up reserves.

So they don’t end up in the wrong way and give them a quiet amount of money to train or do something good to their health. And: is their not-growing and they have enough money in the behindhand for possible destinations such as holiday or own capital for a home purchase, should they not save further – but create their money. Classic plant forms such as savings books or daily money, however, do not yield any more due to the low interest.

Therefore they will not come around shares if they want to make more of their money. If they now think “no case at all, that I can get my money in the casino” – then they are only partly correct. Because so they put everything on a card, the risk of a loss is high.

But there are opportunities to spread the risk – for example by investing in a product that combines numerous shares in itself. These are special stock funds in which a computer algorithm maps a stock index as for example the dax. The value of the etf thus always develops exactly as the index which the fund simulates.

Because etfs in contrast to classic funds without manager get out, they cost less. So they can enter a higher yield in the rule, also called rendite. Many banks offer savings plans from 25 euro in the month.

Everything they need is a depot – and it can go. Important: they should only invest the money they don’t need at all.