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In advance in the video: Narmrochen for pensioners: You should have saved that much
Save Clever with the 50-30-20 rule without having to forego everything! This is how you optimally share your income - for more financial freedom.
Saving money combines most with a big challenge and waiver. It doesn't have to be so complicated to put something aside every month. A simple, yet effective method is the 50-30-20 rule.
You can find out exactly what this is about here.
50-30-20 rule: How does the savings method work?
In the 50-30-20 rule, the net income is divided into three parts: a large chunk that makes 50 percent of the income, for things you need. A part that makes up 30 percent for things you want. And a part that makes up 20 percent for saving and investing.
How high the income is does not matter. Whether low earners, top earners or more independent: the 50-30-20 rule is about determining a budget that is adapted to the income.
As with all savings methods, you have to discipline yourself a little yourself in the 50-30-20 rule. However, the advantage of the method is that you do not have to practice giving up. It is more about a sensible division for your own income and routine. If you conscientiously stick to it, you can put enough aside without having to do without the beautiful things in life.
50-30-20 rule: 50 percent for basic expenses
Most of the income is spent on 50-30-20 rule for the fixed costs. That means: 50 percent of the net income should be spent on the things you need to live. These are the basic expenditure that occurs every month.
Fixed costs are, for example:
- Rent
- Strom
- Water
- Heating costs
- Internettarif
- Cell phone tariff
- Insurance
- Tank costs for the car
- Groceries
- etc.
In the case of posts that are slightly variable, such as food costs, an average value is determined.
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50-30-20 rule: reduce fixed costs to 50 percent
With steadily increasing rental prices, it is not uncommon for the rent to be 50 percent of the net income alone. Then having enough money to save is extremely difficult.
The solution: you have to do it to reduce rent and and other basic expenses in such a way that they only make up 50 percent of the income. Because maintaining saving is extremely difficult if you have to limit yourself too much.
The first, which falls away with too high fixed costs, is not the 30 percent for fun expenses, but the 20 percent that you actually wanted to save.
So enough money for the beautiful things in lifeandFor saving, the basic expenditure must not exceed 50 percent.
If necessary, you have to be ready to make victims. This can mean a less chic car or the move to a smaller apartment. It hurts in the short term, but in the long term you give yourself financial freedom.
Incidentally, the guideline for rent is that the rental costs should make up a maximum of 30 percent of the net income.
Learn more:
Tip: Lead the household book about fixed costs
If you don't know your basic expenses, you cannot lower it. In the first step you should have a budget book. It records all expenses (amounts and purposes).
At the end of the month you can then fall a cash fall and determine exactly how high your fixed costs are and whether there are savings potential.
Tipp:There are numerous budget book and financial apps such as Finanzguru. This allows you to enter your editions at any time and always keep an eye on.
If you don't trust apps, you can also simplyDownload our PDF template here. The page is printed out for each week, filled out and then filed in a folder.
50-30-20 rule: 30 percent for flexible expenses
According to the 50-30-20 rule, 30 percent are spent on the beautiful things in life. These are things that you don't necessarily need to live, but still want to have or want to do. However, these expenses are flexible and you could also suspend them at short notice without having to lose too much quality of life.
This includes:
- Clothing
- Hobbies
- Vacation
- Restaurant or bar visits
- Entertainment
- Electronic
- etc.
Tipp:Part of the 30 percent should be put aside for larger expenses. For example, if you want to buy a new piece of furniture or expensive electronics, you can use this savings amount. This ensures that the 20 percent that you need for reserves remain unaffected by such consumption editions.
50-30-20 rule: 20 percent for assets
The last part is the 20 percent that you should save and invest. The emphasis is on the word"and". It is important that you form both reserves, for example for unforeseen expenses and invested, for example in private retirement provision.
You never know when suddenly a car repair, unemployment or uninsured damage occurs. But you never know what the future brings so that you shouldn't rely on one source in your retirement provision. If a path of old -age provision breaks away, you would otherwise be centered. On the other hand, if you use several sources of income, you also distribute the risk.
Saving assets or paying off debts?
If you are planning a larger investment in the future, for example a real estate purchase, you should also use it 20 percent. So you can put money aside for a deposit and repay a loan later.
Caution:If you still have open loans, you should first use the 20 percent to repay them. First comes the reduction in debt and then the asset structure.
Reading tip:
Savings plan, pension scheme, stock investments-dare to dare and actively deal with your finances. Read up and get advice. So you get the best out of what you have. Your financial freedom is in your hand.
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