Category Archives: General

You probably know these situations. Your day was stressful or you have trouble with your partner? And now you feel like you have to treat yourself. In these moments, our good intentions to save more or spend money more wisely take a back seat. In the short term, the desire for comfort is stronger and afterwards we are annoyed that we spent too much again. 

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Most of us have already heard of Schufa. A Schufa report is necessary, for example, to be able to rent a new apartment. Schufa is a credit bureau. Credit bureaus collect data about you and your payment history. When and where you open an account, when you request a loan, invoice or installment purchase and also if you fail to pay. The best-known credit bureau is Schufa. But there are also other providers such as Experian or Crif Bürgel. These credit bureaus receive data about your financial behavior from banks, online merchants and large billers. For example, a bank is required to report to the credit bureau when you open an account. Online retailers, energy providers, and telecommunications companies, on the other hand, only report to credit bureaus when you don’t pay on time. What is creditworthiness? The credit bureaus collect and evaluate all these information. All inquiries and data…

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Who does not know it? The cell phone breaks down. You need a new one. Buying a cell phone in installments together with a contract is standard today and is the first option offered by telecommunications providers. If you want to pay for your cell phone right away, you have to specifically select this option. Installment payments sound tempting.

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Many debt counselors, when asked what the first step out of debt is, answer with: Start and get an overview. Quite often, the first task for debtors seeking help is therefore to keep a budget book. With a budget book, you get a feel for where the money goes each month. Often you will be surprised at how much you actually spend. A common budgeting mistake is to budget money exclusively for food and let spending on recreation, clothing, drugstore items and purchases get lost in the food budget. This leads to money being very tight at the end of the month because, let’s be honest, there is always something extra every month. Professional dental cleaning, your microwave broke, the kids need new materials for school, some quarterly fee or tuition fees are due. Every month there is some special expense that is not in the budget. And be it…

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You are not always allowed to earn extra income without it affecting your main income. The conditions under which you are allowed to have a supplementary income depend on the type of your main income, on your place of residence and sometimes on other factors. Here we give you a general overview of what you should pay attention to when living in Germany. In any case, find out in advance what you should pay attention to in your specific case. As an employee If you are employed, it may be that your employment contract contains regulations on additional income. As soon as you start working in a job that is subject to social security contributions in addition to your main job, you must inform your employer about this second job. The second job should not affect your main employment. If you are in wage tax class 1, the second job…

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