Consumption Waiver: Saving properly

If interest rates rise again, it becomes really interesting: six lessons on disciplined money multiply.

Consumption Waiver: Saving properly
  • Page 1 — save correctly
  • Page 2 — fixed-income account or bonds?
  • Page 3 — savings clubs, as before
  • Read on a page 1st lesson: Worth saving at all?

    Earlier, in childhood days, saving was a fairytale affair: one handed his collected coins to employee of a bank and got a Knax booklet for it, or one from Sumsi or Marc and Penny. Above all, however, re were still two, three, sometimes even four percent interest rates.

    It was that time when a turtle named Günr knocked on posters saying, "I appreciate simple things in life. Eat, sleep, make money. " She campaigned for Treasury bills issued by federal Finance Agency – with no price risk, up to five percent interest.

    Such interest rates have been passé since financial crisis, and money on savings books often no longer increase banks. But this could soon change: Experts are already talking about a "Zinswende" – Only in USA, where central bank has gradually raised key interest rates, and probably also in Europe soon.

    Many federal citizens would be able to do so, but y cannot leave savings account – even if re is no more return. According to OECD estimate, in 2017, households in Germany placed almost every tenth of euro on high edge – share has remained almost constant in recent years despite fluctuating economic situation. According to Bundesbank, German financial assets comprise a total of six trillion euros, i.e. an average of about 70,000 euros per capita – and almost 40 percent hoard in cash or on Giro and savings accounts, as well as daily and monthly deposits. Only about 20 percent of financial assets are invested in shares, equity securities or investment funds.

    And aside from interest: saving is a sensible thing. While it requires a consumption waiver today, it allows for greater spending tomorrow – and it creates a cushion for future.

    2. Lesson: Where to go with money? This article comes from time No. 14/2018. Here you can read entire output.

    There are still people who want to put ir money in piggy-pigs. Advantage: Such a pig can be plundered at any time. This is more difficult with savings account, which, despite low interest rates, still have 40 percent of German citizens today, as evidenced by GfK investment barometer of 2017. The fact that it is still so widespread is astonishing for anor reason: you can usually only withdraw up to 2,000 euros per month. For larger amounts, you have to cancel savings, usually months in advance. If you look for benefits, you search in vain. The only thing savings is doing thanks to its cumbersome rules: it disciplines savers much better than piggy.

    If you want to save a little more flexibly, you can do that with a daily money account. Interest rates are generally higher than savings books, with direct banks often offering better conditions than branch banks. In addition, complete deposit is available daily – hence name. The daily Money account is refore a kind of parking lot and thus a good addition to current accounts, on which transit traffic is handled from income and expenses and refore saving is difficult.

    If you have opted for an account, you only have to fill it. Savings plans ensure that you regularly put money on page, about a certain amount every month. Many banks offer such savings plans free of charge; The minimum Sparraten are usually 25 or 50 euros per month.

    Date Of Update: 02 April 2018, 12:02

    Yorum yapabilmek için üye girişi yapmanız gerekmektedir.

    Üye değilseniz hemen üye olun veya giriş yapın.