Bruno · 2023-09-20T18:48:22.999910Z

How big is your personal need penny? I once heard that it should be 3-4 months salary. However, I'm currently still a student and don't really have any expenses and often wonder lately how much money I should leave in TR's overnight money and how much I'm already investing in Etf's.

1Yr

My nest egg amounts to two net annual salaries spread over several call money accounts in different currencies.

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Ella Marie Waschbär@DividendenWaschbaer

1Yr

@Barsten You're not normal either. That's out of competition for you anyway

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Kai@Dividenden-Sammler

1Yr

@Barsten looks similar for me - 1 gross annual salary divided between call money (about 55%) and short-term time deposits (about 45%). I think that is certainly not standard. For most I think as a good value 3-6 monthly salaries is suitable.

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Date von @Epi@DonkeyInvestor

1Yr

@Barsten and I thought 2 net annual salaries spread over several vacuum cleaners and sofas 🧐🤔

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Leonard@Osiriz

1Yr

@Barsten Sounds more like a possible escape plan and not a nest egg. 😁

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Robert@Zony

1Yr

@Barsten you put everyone in the shade again.....🤣🤣🤣🤣🚀 In proportion, my nest egg would be 2x 1€ for the shopping cart....🙈

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Merlin@Merlin_

1Yr

@Barsten this no longer has anything to do with a nest egg, but is simply money invested conservatively.

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Barsten@Barsten

1Yr

@Merlin_ nope, it's my nest egg that's exclusively for emergencies and doesn't flow into anything else (retirement planning, etc.), I also have money that's invested conservatively.

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Heidrun N.@HeiMicNie

1Yr

@Barsten I have 3 net salaries as a nest egg. This was not only recommended to me by my financial advisor.

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Barsten@Barsten

1Yr

@HeiMicNie I am happy for you.

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Femke@femkelbn

1Yr

10,000 € nest egg in the call money account, the rest is invested.

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Ben@RegularJohn

1Yr

@femkelbn Dito

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Moritz@leveragegrinding

1Yr

My backup is my parents tbh. After graduation, things will be different.

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Herdd Berus@Herdd

1Yr

Approx. 6000€ with 2000€ income.

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Mr.Burns@MontgomeryBurns

1Yr

Got the nest egg in Bitcoin 🫣

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Sparfuchs@Reinecke

1Yr

I don't need it, if it's ever tight I pump my wife.

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Gerd GPunkt@DrGerd123

1Yr

@KleinviehmachtMist here's the deal 👍🏻

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Uwe@SchlaubiSchlumpf

1Yr

I see it like this: 3-4 monthly salaries are nice, but it can depend a lot on what your own requirements are. Fictitious exampleIf I earn for example 4000, but have a 3 year old micro car, am a civil servant and have a small apartment and few expenses, I need to keep m.E. No 12k immediately available. It depends on your own willingness to take risks. So I would rather tie the nest egg to your own expenses.

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Ben@Bart_S

1Yr

@Marwe That's how I see it too. Funnily enough, your example fits almost 100% on me 😅😅 civil servant, in the upper service; 10 years old car; although I always take the bus to work anyway. 😅😅 and my nest egg is about 6000€. That must be enough...everything else would then be financed via a loan short.

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Thomas wiebogen@Tommyleehilfiger

1Yr

With me 0€ hahaha

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devnerd_daddy@devnerd_daddy

1Yr

What @Marwe says is imho absolutely correct. There is no absolutely correct number that you should have on hand. We live in Germany, there is ALG1, from therefore I am quasi 12 months safe, as long as I do not plan 100% from my salary. Then come such things as spontaneous expenses and there you have to see what can happen, so price-wise. Is it only a washing machine? Well, then a few hundred euros will do. Does a Porsche need to be repaired? Then you'd better save a few thousand euros. Is it a house? Then you have to calculate opportunity costs vs. interest costs. If you don't invest €10,000 because you might have to replace a heating system, this will cost you an average return of 8% per year, whereas a loan would probably cost you 4-5%. If you subtract the currently high yield of overnight money, you are left with costs of 4% per year. Then the question arises: Do you want to spend there? How high is the probability that something happens? So you see: general statements are difficult, because your needs, possible insurances etc. play into it.

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lan@fawn

1Yr

3-5 months of your income as liquid safety net is key (may take a while to grow to that amount)

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Uwe@SchlaubiSchlumpf

1Yr

@himothy shouldn’t it be more like 3-5 month of your expenses?

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Bruno@_ItzYourName

1Yr

But the model sounds very good, So Sparkassen account for fun, call money for reserves and the rest in Etf's or crypto

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Malte@Malte123

1Yr

My nest egg is about 1000€. But I don't have a car either. In case of need I can overdraw my credit card and my checking account (~9000€), if it is really bad I can sell some of my stocks. If I should ever really be in the shit then I would ask my father whether he lends me money, with larger sum gladly also with interest (he would not want however).

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Malte@Malte123

1Yr

@Malte123 Since in the near future an apartment purchase is pending I will expand the nest egg but to at least 2500 €-4000 €, you never know.

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Marcus@Pokeruschi

1Yr

I hold 10% investment reserve and am otherwise always all in

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Das Portfoliopferd@Portfoliopferd

1Yr

-5000€

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Johannes@Jb9

1Yr

Everyone here takes salary as the base figure. But I find the expense side much more relevant. I have X amount of expenses every month that I don't want to reduce significantly, and I have about three times that amount in my overnight account. I don't need the extra cash I earn on top of that, because I can pause saving/investing in case of an emergency. I save separately for new car purchases and similar larger purchases. With my own property, I would also build up a bit more of a buffer to be able to pay for necessary repairs in the short term without thinking too much about it.

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Hannah@HannahMD

1Yr

10.000€ (covers my expenses without investments for 4-5 months), I am a doctor and therefore have an extremely high job security. In case of disability I am insured. :)

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Hannes@Hannes_SK

1Yr

Do you have an active income? Do you have a driver's license or vehicle coming up? Do you have short-term needs? If you don't have children or children and only have to take responsibility for yourself, you certainly don't need these 3-4 salaries as a reserve.

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Bruno@_ItzYourName

1Yr

@Hannes_SK I already have a driver's license and am not planning to buy a car in the near future. I have a varying monthly income. And am going on a ski vacation early next year. Otherwise I don't really have any other expenses, except for food on the road

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Aktienfox@Aktienfox

1Yr

It depends, do you have expenses in the near future? And if not, you can invest a large part.

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Aktienfox@Aktienfox

1Yr

@Aktienfoxx As a result, you only need a small nest egg. As a student, I always had €1,000 in my daily allowance.

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Bruno@_ItzYourName

1Yr

@Aktienfoxx ok, have a vacation planned next year, but that can be calculated with a

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Magician@income_magician_28

1Yr

I would build up at least a 3 account model. In your case, daily savings, (save for what, do you have a driver's license account?) ETF savings, fun account, (cinema, fun, ...) If then comes an income, then 3 monthly salaries as a nest egg, and a household account.

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Bruno@_ItzYourName

1Yr

@income_magician_28 Driver's license is already ready 👍🏻

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Magician@income_magician_28

1Yr

@_ItzYourName 👍. Then write when you have decided how to divide your money.

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Bruno@_ItzYourName

1Yr

Will be decided in the next few days, unfortunately have to do something for school today. Will then today or tomorrow also discussed again with the parents

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CashDividendGamer@CashDividendGamer

1Yr

TR does not have a per diem account.

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DerMartin@DerMartin

1Yr

@CashDividendGamer What is the TR clearing account for you? -Available at any time / no notice period -Secure -Simple and clear For me, all the attributes of a call money account

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CashDividendGamer@CashDividendGamer

1Yr

@DerMartin I really wouldn't equate it with a call money account. I am aware that many use it as a substitute for such, but I personally would not advise the broad mass. Many will then very quickly spontaneously invest the nest egg, for example, in any occurring FOMO, which is especially easy with Neo Brokers. To think everyone has enough self-discipline against such actions is unfortunately illusory. But that is not what the nest egg is for. The nest egg is normally better on a real daily money account than on a clearing account. But there are certainly individuals who manage well with a clearing account for the nest egg.

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CashDividendGamer@CashDividendGamer

1Yr

@DerMartin Never mind. My comment has apparently been deleted. What dare I also correct a false statement 😂! Edit: Back again, I take it all back.

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Bruno@_ItzYourName

1Yr

@CashDividendGamer what comment?

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CashDividendGamer@CashDividendGamer

1Yr

@_ItzYourName The first comment of mine with all answers Was yesterday temporarily gone and only via notifications for me to view and edit. Now it's back 😅🤷🏻‍♂️.

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Bruno@_ItzYourName

1Yr

Yes I mean the cash deposit on which there is 4% interest. Is in my opinion almost like a call money account, since I have access to the money at any time

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DerMartin@DerMartin

1Yr

4 net salaries on call money and 8 net salaries as overdraft and call loan

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Frank@BlueVelvet

1Yr

2 net salaries in the call account and a quarter net salary in cash.

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DerDanner@Therapeut

1Yr

It depends on what costs you might incur. Mine is not even at a monthly salary. But I don't need anything either and the most expensive thing I would have to replace would be my 400€ cell phone😂.

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View all 2 further answers

giraffinvesting@giraffidae

1Yr

2 years "Fuck you - Money" that covers fixed costs and fun expenses.

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specter4u@specter4u

1Yr

I6x the expenses of a month I take as a nest egg. I don't believe in stubborn monthly salaries, because this number expresses little in my eyes. In addition, my nest egg would otherwise be too high, which I do not need.

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Stig C.@Sharehoff

1Yr

3 net monthly salaries divided between checking and savings account

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Erfurter18@Erfurter18

1Yr

Four net salaries in call money, one in checking account

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Roland 🐾@rolandwenzel4l

1Yr

I do it like this: my nest egg is 3 months' salary in 2 call money accounts. The rest is invested. When we go on vacation, I take about 1 month's salary out of the daily allowance for the vacation and then continuously add to the 3 months' salary. (And until that is done, less is invested in shares / ETF).

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