The interest rate hike by the ECB last week is rightly described as historic.
After all, interest rates are rising for the first time in eleven years.
Anyone hoping for a renaissance of the savings account will be disappointed at first.
In view of the high inflation, interest income will remain negative for the time being.
So other strategies are needed to make the price increases more bearable.
The good news is: it works.
It does not always have to be the replacement for an effective but very expensive heat pump.
There is just as much savings potential in switching to LED light as in sifting through insurance contracts that have been concluded but are now superfluous.
The saying that "little cattle also mess up" presumably dates back to the 19th century and is still valid in the 21st century. The FAZ shows the possibilities in a new series.
Part will also deal with how to save money when trading stocks, because the young neo-brokers in particular have really stirred up the market.
Anyone who cannot save money here because they are not invested in the stock market should fundamentally reconsider this decision.
The ECB still has a lot of interest rate moves to make a savings account attractive again.
In any case, shares are over time and a Dax level of well over 13,000 points is a good level for entry.