© Adobe Stock
Nice: How much money should you save as a student
Students should also think about their financial reserves.
Students are often short of cash. But what you should not forget, but you should save an emergency hewn.
Financial reserves are important in order not to be centered in an emergency. If you lose or quit a job as an employee and do not start a new job, you are secured with an emergency hewn for a certain time.
But high living costs do not make it easy to save an emergency hewn. After deduction of rent, expenditure on food and tuition fees at the end of the month in particular, not much left for students.
Also read:
With the help of BAföG, mini jobs or support of the parents, you may get over the end, but when an unexpected larger purchase is due, you are first stuck. Therefore, as a student or student, you should also have financial reserves that you can fall back on in an emergency.
How much money should students have on the high edge?
How high your emergency egg should be as a student depends entirely on your individual life situation.If you get BAföG or are supported by your parents and work on the side, your reserves shouldAbout two monthly salariesbe. So you are on the safe side, you should lose your studio job. At the same time, you have time to find something new.
Of course, it is also crucial here whether you can just get around the BAföG and the part -time job and can hardly cover your costs or whether you can pay so much to pay your rent well.
Also read:
Anyone who still lives with their parents and does not have a part -time job usually needs a lower emergency egg, since there is no rent here.
In order to set the amount of the emergency egg, you should write down your income and expenses in advance. Then you should consider what exactly existential, i.e. necessary expenses are. Afterwards you can decide how much money you need to make ends meet for two to three months. That would be your personal emergency egg.
In order to keep an overview of your own expenses, a budget book is worthwhile, such asThis from Amazon*.
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.
*
