Finance on social media have been traveling on social media for several years. At the same time it was never so easy to spend money on the internet – including the person you don’t have. Graz experts give advice on which frequent financial errors should certainly be avoided.
Who is thinking about retirement in his mid -20s? More and more young people and especially young women, such as Marlis Niederl and Teresa Munich from the Graz Educational and Advice Center Know Money Life. Anyone who has questions about money can come to the office in Sackstrasse. “Many start their work, earn money for the first time and want to know how they deal with it best.” You also have an open ear for financial problems – whether it is the retired person whose credit rates explode, or the single mother who cannot manage the rent. Money Life advises regardless of banks and Co.
The facts are known to more and more young women: typical “women’s professions” are often underpaid, the ceiling time stairs many mothers and a gap of more than 40 percent then deposits into the retirement. “They no longer take this unequal treatment like previous generations,” the experts say.
Budget book: simple, but effective
However, certain rules must be kept in mind. “Our most important financial tip is to know how much comes in and how much you spend.” Everyone who has written everything in a budget book and settled in a budget book has their fixed costs, variable costs and recognizes patterns. “This is an eye-opening experience for many.”
The subject of debts is mainly present for young people. A smartphone, new sneakers, a holiday – you can now buy everything on pump. “It has never been so easy to go into debts,” says Niederl. “One click is sufficient.” Credit rates are then underestimated.
Not everyone has their own account
Another tip on which the lower and münch focus on: “Always have their own account that only has access. In middle age there are still many women who don’t have it. They must then take their costs into account and cannot separate.
Unequal finances also mean unequal power relationships in a relationship, warn the experts. “This can lead to dissatisfaction and even violence.” You should never guarantee anyone and not sign anything that you do not understand.
Anyone who has saved an emergency sum with which you would endure for three to six months can dare to invest or save on major costs. “Whether it is about wishes or the pension – that is very individual,” says Münch and lower.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
