The cost of living is rising, inflation is driving up consumer prices and many workers fear a recession. In this phase of inflation, saving plays an important role. FOCUS Online says how you can apply the 50-30-20 rule.

The 50-30-20 rule is a simple and clever way to allocate the monthly budget so that an amount is set aside at the end of the month.

Suitable for the topic: Clever savings tactics – thanks to the 50-30-20 rule: This is how you build up a fortune without really giving up

You can use a piece of paper, an Excel spreadsheet, an app or your online banking to apply the 50-30-20 rule in your everyday life. As the online bank N26 writes in a statement, savers should first know all their income.

The next step is to divide the income.

Under fixed costs, list rent, electricity, telephone, cell phone, transport, insurance, membership fees or grocery shopping.

With income of 3,000 euros, that is 1,500 euros.

But… If the sum is more than 50 percent of the available monthly income, you should reduce the fixed costs.

Under Desires and free time, list expenses related to entertainment, hobbies, culture, and socialization purposes. Here are birthday presents for friends, a visit to a restaurant with the family, a visit to the zoo with the children or if you want to save up for a vacation every month. You should not have more than 30 percent of your net income available for this category.

With income of 3,000 euros, that is 900 euros.

In order to stay within the limit, you should know how much money is available to you. You can use special apps to keep track of your free time expenses or keep a simple list. The important thing is that you know and document your expenses.

If this sum exceeds the 30 percent limit:

The remaining 20 percent that should remain will flow into savings and investment products. With 3,000 euros net, you can put 600 euros aside.

The FOCUS Online Guide shows you how to invest your money profitably and avoid expensive traps.

FOCUS Online advises: create a standing order. The money automatically goes into your savings or investment method.

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Supermarket prices are skyrocketing, but furniture, clothing, shoes and other consumer goods are also becoming more expensive. As a retail expert, I know the tricks of the trade and tell you how you can save money for you and your family every month when shopping. Would you like to talk to me about your savings tips and tricks? Did you notice anything while shopping? Then send an e-mail to with your name and phone number