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Great news: 2 percent interest at Trade Republic
Trade Republic is currently informing its customers that it pays 2 percent interest p.a. on credit balances. This is not only aimed at existing customers, but also at new customers. According to the statements of the neobroker, the interest payment is made monthly and logically refers only to the uninvested balance. Trade Republic writes that…
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The statutory pension insurance in Germany
The statutory pension insurance (“gesetzliche Rentenversicherung”, GRV), which is regulated in the Social Code (SGB VI), protects its insured persons in case of endangerment or reduction of earning capacity, in old age as well as in case of death their survivors. There are different pension types: old-age pension pension for reduced earning capacity pensions due…
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The 5 pillars of social security in Germany
Social security in Germany consists of statutory compulsory insurances for the majority of the population against losses that endanger the social livelihood of the insurance members and the insured community. The solidarity community is based on the principle of solidarity as opposed to voluntary individual insurance. As part of the Germany’s social policy, its goal…
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Statutory health insurance 2022: why should you compare them and choose the best fit?
Everyone should have statutory health insurance (“gesetzliche Krankenversicherung”, GKV) and is usually required to by law – at least in Germany. But what if you could save up to several hundred euro every year in just a few steps? Everyone who has statutory health insurance can change their health insurance company every twelve months. You…
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Becoming financially independent as an expat in Germany in an easy way in 2022
As an expat in Germany, you may have chosen to move here for the long-term. Maybe you have a partner who is from there and you want to build a life together somewhere else, or perhaps you simply love German culture and want to experience it in person. Whatever your reasons, uprooting yourself and moving…
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The 5 most effective money saving tips I have used!
In this post, I want to tell you the best 5 money saving tips that have helped me a lot and improved long-term my financial situation. Some of them are very concrete, others can be adapted to your own requirements. I grew up in a very parsimonious family: I can still remember we didn’t have…