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Off-Topic / The money-game
« on: 05-04-2016, 21:04:16 »
I know it´s not very popular, but I´d like to talk about....money.
Now that I graduated from university, found myself a steady, well-paying job with good future career opportunities I´ve come to the point where I save more than I spend. Unfortunately the old "save it, put it in the bank account, enjoy high interest rates"-scheme doesn´t work anymore. Even fixed-term deposits only give meagre interest rates that barely beat inflation.
Alternative investment schemes are highly popular these days: real property, gold, natural resources, "ethical investments", crowd financing and what-not: all try to entice people with high interest rates and supposedly low risks.
Now my question is: how do you guys, from different countries, all walks of live and from varying age groups, handle your finances: your inccome, your expenses, any investments?
I´m currently running a giro account which covers my monthly expenses and contains one months worth of net income. Another savings account, which pays just enough interest to cover the current, very low inflation rate, contains my "iron reserve" of three months worth of net income incase some larger expenses arrive.
Now since these basic necessities are organised I´m struggling with how to turn the rest of my (future) savings into something more profitable which would enable me to create a nice bonus for my later years. So therefore I´m looking forward to hear about your money strategies and how you plan your finances (or how and why you don´t) and would like to talk about your experiences, plans and ideas, whatever they are.
Now that I graduated from university, found myself a steady, well-paying job with good future career opportunities I´ve come to the point where I save more than I spend. Unfortunately the old "save it, put it in the bank account, enjoy high interest rates"-scheme doesn´t work anymore. Even fixed-term deposits only give meagre interest rates that barely beat inflation.
Alternative investment schemes are highly popular these days: real property, gold, natural resources, "ethical investments", crowd financing and what-not: all try to entice people with high interest rates and supposedly low risks.
Now my question is: how do you guys, from different countries, all walks of live and from varying age groups, handle your finances: your inccome, your expenses, any investments?
I´m currently running a giro account which covers my monthly expenses and contains one months worth of net income. Another savings account, which pays just enough interest to cover the current, very low inflation rate, contains my "iron reserve" of three months worth of net income incase some larger expenses arrive.
Now since these basic necessities are organised I´m struggling with how to turn the rest of my (future) savings into something more profitable which would enable me to create a nice bonus for my later years. So therefore I´m looking forward to hear about your money strategies and how you plan your finances (or how and why you don´t) and would like to talk about your experiences, plans and ideas, whatever they are.