Rent, ancillary costs, the membership fee for the sports club – you just about have the regularly recurring items under control. But then it happens: the washing machine breaks down, the car has to go to the workshop and the mobile phone tries to swim in the lake.
Unplanned expenses can wreak havoc on your entire finances. You should set aside a nest egg for these cases. It supplements the cash supply that you should always have in the house for smaller expenses.
However, the term “nest egg” can be quite misleading, as the recommended amount is significantly higher than you might think.
But how much money should you save for unplanned expenses? The consumer advice center advises putting aside two to three months’ salary as a nest egg. However, one should take into account that life situations are of course very different. Singles living modestly can get by with less, families tend to need more emergency reserves.
However, it’s not a good idea to keep adding to your cash supply. If burglars only have enough time, even the most sophisticated hiding places are no longer secure.
The checking account is also not an ideal place for the nest egg, a call money account is better suited. You can’t expect lavish interest rates, but you can at least get your nest egg quickly at any time.
Here you can compare all offers for call money accounts:
But how can an emergency fund be saved without major restrictions? After all, two to three months’ salary is no small matter:
