Economics students’ investment tips – news Lifestyle – Tips, advice and insight

– I earn 8,000 – 9,000 a month, spend 1,000 of them and save the rest, says Hanne Lunde (19). She has looked a bit at apartments, but decided to live at home because it is so expensive. Housing motivation from older sister – It’s better to be able to save up if it’s something I really want, get the joy of saving and eventually buy something, says Hanne Lunde. Photo: Caroline Utti / news – I live at home while I study and save as much as I can now to maybe be able to buy a home one day, she says. The 19-year-old started saving early, at the urging of parents who are keen on saving. She has saved all of her graduation money and put the money in a high-interest account so she can’t withdraw the money if she wants to buy something impulsively. It’s not always that easy, but the motivation comes from my older sister. – She is only 21 years old, but has just bought an apartment. She has worked since she was 14 and saved a lot. I can’t do the same, but I see that it is possible to buy later. Then I manage not to waste so much, she explains. Economy students’ saving tips Place the money in mutual funds Have fixed withdrawals to the fund the day after salary Place the money in funds that are safe, preferably a global index fund You can see all the tips in the video at the top. Equity funds fluctuate in value from day to day, but over time it has historically paid off to have money in funds. Illustration of a graph, drawn according to the DNB Global Index. The graph shows the development from January 2020 to July 2024. On the left of the picture there is a circle with an enlarged extract of the graph – from approx. January 2022. ๐Ÿ— Do you save in mutual funds? ๐Ÿคท๐ŸฝI don’t know how ๐Ÿ“ˆNo, but dad has put money in a fund for me ๐Ÿš€Yes ๐Ÿ“‰No, but I’ll do it when I can afford it ๐Ÿ’ธI spend all my money on other things Show result “80/20 rule” – I have also chosen to stay at home while I study. The money I save is in a fund and in a children’s account, says Heidi Brumoen Sand. Photo: Caroline Utti / news – I’m not very good at budgeting, but a friend taught me the 80/20 rule: You save 80 percent of everything you earn and spend only 20 percent. I’ve had that rule ever since I started working as a 15-year-old, says Heidi Brumoen Sand (19). Saving 80 percent is probably only possible where you live at home. If you have moved out, you can reverse the fraction and see if you can save 20 percent of what you earn. – Both parents and grandparents have saved for me since I was small, so I have a fairly good equity, but not enough to buy a home, she adds. Hi!๐Ÿ™‹๐Ÿพโ€โ™€๏ธI write financial matters for young people. If you have tips for things I should do, it would be great if you send me an e-mail! If you want to read more financial things, you can find the other things here. Hello! Welcome to dialogue at news. Since you are logged in to other news services, you do not have to log in again here, but we need your consent to our terms of use for online dialogue Published 24/09/2024, at 16.03



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