What saves and how to conduct a personal budget in Germany

Germany is known as the country with the most thrifty citizens. Of course, general expenses can be applied to each state. These are utilities, food, clothing, transportation and entertainment. But how exactly the Germans distribute their incomes to these items, and how they manage to save on them is quite interesting. Let’s turn to the peculiarities of maintaining a personal budget in Germany.

Interesting ways to save from the daily life of the Germans

Interesting ways to save from the daily life of the Germans

The basics of saving vaccinated people in Germany since childhood. Virtually every German kid has a personal piggy bank, where he puts his savings. Adults keep checks and keep a log of income and expenses .

The approximate distribution of expenses of the average German family is as follows:

  • Rental housing and KU – 35%.
  • Food – 30%.
  • Credit payments – 12%.
  • Gasoline and other items of expenditure on cars – 10%.
  • Insurance – 5%.
  • The other is 8%.

Very little money is spent on clothes. The country is extremely careful to treat their things. Jeans, jackets and other items of clothing are worn for several years and at the end are not thrown away, but given to those in need. There are special sites where you can exchange things or buy something for a small price. There is nothing shameful if a German uses used furniture from a sale or takes something for free from relatives. It is also considered normal to drive a well-groomed, but old car.

Savings manifested in everyday things. For example, housewives use the washing machine at night, because at that time the electricity tariff is lower. Only energy-saving light bulbs are screwed into the chandeliers. If the appliance is not used, it is turned off from the outlet. When buying equipment choose energy-saving samples, even if they are more expensive than standard ones.

Heat enters the house only during cold weather. The rooms are usually cool. The heating is turned off when it is warm outside and you can do without additional sources.


For watering plants in the yard or in the garden using pre-collected rainwater . If someone uses a pump and a hose, he is considered wasteful. Some housewives can wash dishes in the water in the sink. Detergent is considered non-toxic, so it does not need to be thoroughly rinsed. In the process of cleaning the teeth, the tap is always closed.

Germans do not often visit. And if the proposal sounds to go for a cup of coffee or tea, then you need to understand it literally. Cookies, cakes, sandwiches and other snacks are not included. At home, celebrate only important events and holidays. Dates, gatherings with friends and acquaintances often take place in a cafe, and everyone pays a check for himself .

To save money, drinks are not bought by pieces, but immediately by boxes. Used containers are handed over to specialized machines or reception points. This simultaneously protects the environment and allows you to return a few cents of the value of the goods back.

Students use travel cards at a discount and go to the university’s free gymnasiums. Also, their ID allows you to save on movie tickets and spend less on various services (for example, Internet connection or car rental). More information about discounts can be found on a special site.

In order not to spend money on the services of individual craftsmen , a German can independently wash the car, mow the lawn, repair the tap if it has the necessary skills. Since the help of specialists is very expensive, you can go for advice to Repair Cafe – a cafe-workshop, where they will tell you how to fix your favorite thing. But you will have to restore it yourself. Also, residents of Germany are watching stocks and various special offers of retail chains. If the benefit exceeds the cost of travel, then they go even to the other end of the city.

German approach to the accumulation of finance


In addition to the economy, which covers all areas of life of German citizens, they also pay great attention to savings and investments. Adults set aside approximately 10% of their monthly income for the maintenance and training of children, as well as for pension insurance. We have described above that it is not customary to spend money on services if you can do the work yourself. But the Germans pay financial consultants willingly and quite a lot. They help in questions of optimization of the family budget, safety and increase of savings.

Money is saved for three basic needs:


  1. Large and very necessary purchase (for example, a car).
  2. The ability to travel and live in your pleasure in old age.
  3. Own real estate and repairs.

According to the results of opinion polls, every second German postpones a fixed amount every month. They prefer to keep money on the classic passbook. And even low interest rates on deposits do not frighten them. This is a feature of the mentality – to choose investments with the lowest level of risk . First of all, assess the reliability of the contribution and the ability to change the terms of the contract, and only then – the yield. Pedantic approach to savings is quite justified. According to Deutsche Bundesbank, by the middle of 2018, savings of individuals in the country reached 5.98 trillion euros.

Money is stored not only in passbooks


Securities are also used for investments. Another way to ensure financial well-being in the future is life insurance. Some citizens purchase shares.

In general, the life of a German from the outside looks something like this: he works very hard and saves in order to have plenty of rest and travel in his old age. Of course, the rules described are averaged over the country. Education and mentality make themselves known, but do not exclude an individual approach to the formation of a personal budget.

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