Pick’n’mix
50
Money matters
Stefanie Ebsen
Sam Abdi
Magaly Piscarel
CREATIVE DIRECTION FREELANCER & MASTER’S STUDENT
CO-FOUNDER & CEO, SALONKEE
ACCOUNTANT AND DATA PROTECTION OFFICER, FIDUCIAIRE SOCOFISC
FOUNDER & CEO, HAPPYLOCAL.LU
MARKETING & COMMUNICATIONS OFFICER, INFRACHAIN
A good half when living with parents, now with own flat around 10%-20%.
None, if I save it’s for short-term plans, like holidays.
10-15% goes into my savings account each month.
Mortgage and rental.
At the moment, I can’t save anything. My studies are pretty expensive.
Mainly my portfolio, since I’m at the beginning of my career.
Housing.
Definitely monthly rent, now that I have my own flat. Previously, it was loan repayment.
Rent.
I bought an apartment two years ago.
Yes, hopefully in my early 30s, but Luxembourg’s high property prices do not make it easy.
Not yet, but I’d like a community place for digital nomads with a permaculture garden.
As I’m still a student, I leave this for the future.
No.
Be aware of what really matters to you; it’s easier to not spend money on stuff contributing nothing to your happiness.
No secret, just don’t spend or waste it on things you don’t need, and invest it for the long term.
Single most expensive item you’ve ever bought?
Do you have a private pension or life insurance?
I dream of my own place, but not sure buying is an option because I want to stay flexible.
Up to 50%. But I rather prefer investing it than saving it in a bank account.
My laptop and phone. I’m still investing in the basics.
Apartment.
Private pension insurance, but no life insurance yet!
Really think about whether you need something before buying. Often people buy what they don’t need.
My own car.
No.
You can have a quality life without fashion trends, or have fun camping instead of 5-star hotels.
A car, and I think cars are overpriced compared to average incomes.
I bought a house a year ago that needs complete renovation, which hasn’t started because of the pandemic. I hope to move in next year.
I had to buy a life insurance policy when I bought the house. I also have a private pension to earn compound interest. I put aside 10% of my salary into savings, 5% into an investment plan. For travel or expensive things, always compare prices. I bought a drone when I lived in Thailand to document my journey in Asia.
Mike Zenari, Maison Moderne archives, Fiduciaire Socofisc, Romain Gamba, Shutterstock, Clari Massimiliano/Shutterstock.com
Tom Michels
Photos
Kimberly Muse
Secret tip for saving money?
Planning to own home, and when?
What’s your biggest monthly expenditure?
What percentage income do you save per month?
MAY 2021
Five young professionals talk about savings, expenditures and future planning.