Build up herbone: How to secure yourself against unexpected costs!

Build up herbone: How to secure yourself against unexpected costs!

unexpected financial burdens can hit you at any time - be it a defective refrigerator or a car that suddenly no longer starts. According to a report by Kosmo , it is crucial to save an emergency hewn in order to be financially secure in such situations. Financial experts recommend forming a reserve of three to six monthly salaries so that you can easily cover unexpected expenses without having to attack your retirement provision.

The need for a financial cushion is highlighted by a current survey by Schufa, which shows that 19 percent of consumers in Germany have no financial reserves. It is a challenge to form reserves, especially for people with low incomes, in times of increasing living costs. As a solution, the Sparkassen- advisor to park in a call money account, as this offers quick availability with minimal risk.

tips for saving an emergency egg

In order to build a financial reserve, it is advised to create a budget and identify unnecessary expenses. A simple trick is to save a small, defined amount every month to develop the habit and continuously increase the reserve. It is particularly important to plan in the long term and to manage the reserves separately from daily expenses in order to avoid accidental expenditure trap.

The emergency egg is more than just a financial security measure; It offers quick support when sudden expenses are incurred. Therefore, it is crucial not only to be prepared for everyday life, but also for unpredictable events in life. If you already have reserves, you should also consider investing excess money in shape of returns in order to counteract the high level of inflation.