Tuesday, October 22, 2024
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Personal finances in times of crisis

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Most of the things got more expensive, what to do?

  • Create an overview of your expenses – See what expenses have increased significantly and if there are cheaper alternatives to it. Time to rethink some of your subscriptions. 
  • Limit your heat consumption – Reduce hot water consumption (from 15 minutes to 5 minutes, you save 5000 DKK yearly); For every degree you lower the heat inside your house you save money. 
  • Don’t buy a house now, wait until the interest rates go down again. 
  • Renegotiate your salary – The boss will have a difficult time replacing you, with the very low unemployment rate we have, so the cards are in your hands. 
Narcis George Matache
Narcis George Matachehttp://www.narcis.dk
Executive Editor and Founder of "Last Week in Denmark".

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