By adopting a frugal approach, making well-considered decisions and avoiding unnecessary expenses, it is possible to achieve significant savings each month. Corporate lawyer Rose shares her money-saving tips in Settlement.
She manages a monthly budget of €2,556 as a permanent employee, with a net salary of €2,356 after tax. Raised in a modest family, her parents taught her to save money and appreciate the value of every expense. Since becoming a full-time employee, Rose has taken a more frugal approach. She minimizes her expenses and avoids purchases that she considers “worthless”. Her biggest expense item is food, with an average of €350 per month. pay for a burger or an Asian restaurant! That’s why my food budget is a bit high.” she explains. Rose shops in discount supermarkets. She favors basic products, while indulging herself from time to time with meals at the restaurant. She also spends €83 per month on public transport, €2 on bank charges and €25 on insurance. Thanks to the help of her parents, Rose became an apartment owner without having to take out a loan. She pays routine bills of around €53 per month, but avoids turning on the heating to save on energy costs. Rose is aware of the savings she can achieve by reducing certain subscriptions. She managed to negotiate a reduction in her internet plan and uses her phone plan to share her connection. “My 140 giga package cost me €26 per month, but I negotiated it to €19 by playing the competition”, she specifies. She also limits her clothing expenses and estimates that she spends around €30 per year. in this domain.
She managed to save 2000 euros each month
In the end, Rose manages to save an average of €2,000 per month. This has enabled him to reconstitute savings of €29,000 since the purchase of his apartment. In the long term, Rose wants to sell her current apartment and buy a more spacious one. Her ultimate goal is to become financially independent by investing in real estate and generating passive income.