Frankfurt The high energy costs and high prices for food are causing financial difficulties for more and more consumers in Germany. As the amounts on the bills increase, the account balance gradually decreases. If the hoped-for salary increase does not materialize at the same time, things can get tight.
Consumer advocates are already observing that people from the middle class are also increasingly having payment problems and are seeking advice on high energy bills and down payments. And the Federal Working Group for Debt Counseling (BAG-SB) recently warned of a “rapid increase in private bankruptcies” – even though inflation is slowly falling again.
Having an overview of your own income and expenses is therefore particularly important now. Even those who are still a long way from over-indebtedness can benefit from an analysis of their private finances. The Handelsblatt explains how to get an overview of your income and expenses, where there is often potential for savings and how to get your budget under control in the long term.
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