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How should I use my savings

How should I use my savings

What Dr. Dr. Money says

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FAQ

A mixture of spending, saving and investing is best. People who still live with their parents often have more financial leeway to put money aside.
Due to inflation, money saved in an account loses value if interest rates are lower than the rate of inflation. It is therefore worth considering other forms of investment.
A home loan and savings contract is a secure, medium-term form of saving. It is particularly attractive for young people, e.g. to finance a deposit later on.
Funds are a popular option. They invest in shares or bonds and offer different maturities and potential returns depending on your risk appetite.
We recommend 3 to 4 months’ salary as a reserve for unexpected expenses or emergencies.
How should I use my savings

What Dr. Dr. Money says

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