Despite good salaries in Germany, savings are very low due to high taxes and expenses. Here, rapid growth is replaced by excellent healthcare, job security and a stable life. This country offers economic security, not the opportunity to get rich quick.
A post by a young man working in Germany is now attracting a lot of attention. She shared the post saying, “This is the reality of life in Germany”. The young man says that instead of chasing the American dream, it is better to choose Germany if you want to be stable for a long time.
Meesam Abbas explains in his post; You may be a full-time employee, earn a good salary and pay taxes on time, but at the end of the month you may only be left with €150-200 (₹15,781-₹21,041). People who want to come to Germany or have recently come should know a few things.
For example, a person whose monthly gross salary is €3,000
After deducting taxes and insurance, you will have approximately €2,100 in hand.
Rent for a one-bedroom flat in a medium-sized city is €800-1,200.
€250-350 on food and groceries.
€150-250 for round trip (transport).
Utilities (electricity, heating, internet) cost €150-200.
Mobile phone bill €20-40.
In short, even if you live decently, it is difficult to save a large amount of money at the end of the month.
But, Germany also has some other characteristics; Taxes may be high here, but excellent healthcare, unemployment allowance and pension are guaranteed. Because of the strong laws here, there is no fear of losing one’s job. A peaceful life is possible, but it comes at a price. You may not get rich quickly here, but you also won’t go bankrupt due to treatment expenses.
Here you do not earn great wealth, but financial security. Instead of a luxury lifestyle, Germany promises slow but safe progress. Don’t expect rapid growth like the American dream here. Now the question is, is it right for you? If your goals are security, good education and work-life balance, the answer is ‘yes’. But if you want low taxes, fast growth and big savings, the answer is ‘no’.
Along with this, the young man has also given some suggestions for the newcomers. Ask for a good salary package even before coming here. The cost of living in cities like Munich will be much higher than in places like Leipzig. It is important to learn German language for a good job and higher salary. Use the benefits you get properly. This is the real face of Germany which is not visible in the videos on social media. The young man also reminded that Germany is always a great place for those who want a secure future.