Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Chapter 2
Financial well-being

“Interest on debts grows without rain.”

– Yiddish Proverb

 

Eliminate high-interest debt

Pay off debts with high interest rates to reduce financial burden. 

Focus on credit cards and loans.

Allocate extra funds to pay down a credit card with high interest.

Use credit wisely

Manage credit responsibly

Avoid unnecessary debt.

Pay off your credit card balance in full each month.

 

Avoid lifestyle creep

Don’t increase spending with income

Maintain your lifestyle as earnings grow.

Keep your housing costs the same after a salary increase.

Understand needs vs. wants

Prioritize essential expenses.

Control spending on non-essentials.

Buy groceries before spending on entertainment.

Build an emergency fund

Save 3-6 months of living expenses for unexpected events.

This provides financial security.

Set aside 100€ monthly until you reach your emergency fund goal.

Feel free to share with your colleagues

Give feedback, ask questions or request new resources