Money for women: your money, your freedom.
Pension account, budget, salary, separation and saving: we explain money topics clearly and with sources, for women in Austria, Germany and Switzerland. Without jargon and without a sales pitch.
Updated on · happiness-consultants editorial team
Photo: Omar Lopez / Unsplash
Key facts at a glance
- In Austria, everyone born on or after 1 January 1955 who is insured has a pension account. You can check it online free of charge at any time with ID Austria or via FinanzOnline.
- Long periods of part-time work or childcare often lead to a much lower pension later. The earlier you know where you stand, the more you can do.
- An emergency fund of three to six months of spending is often recommended before you invest long term.
- For independent basics there is Finanznavi, the official financial education portal of the Austrian Ministry of Finance and the Austrian National Bank.
Sources: oesterreich.gv.at – checking your pension account · finanznavi.gv.at
Four steps to more freedom
Overview
Write down income, fixed costs and subscriptions. Pay off expensive consumer debt first.
Emergency fund
A cushion for the unexpected in a separate instant-access account.
Retirement
Check your pension account, understand the gap, sort out protection for you and your family.
Wealth
Save regularly and broadly diversified for the long term, calmly rather than hastily.
How much for what? The 50/30/20 rule.
Enter your monthly net income. The calculator shows a first split as a guide. Everything stays in your browser, nothing is stored.
Emergency fund goal at 3 to 6 months of spending: €5,280 to €10,560
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Independent information
Experts for money questions
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Good to know.
How do I check my pension account in Austria?
Anyone born on or after 1 January 1955 who was insured in Austria has a pension account. You can check it online free of charge at any time with ID Austria or via FinanzOnline, or request the balance by post from your pension insurance institution.
What is the 50/30/20 rule?
A simple rule of thumb for your household budget: around 50 percent of net income for fixed costs, 30 percent for leisure and wishes, 20 percent for saving and retirement. It is a starting point, not a must.
How big should an emergency fund be?
Three to six months of spending in an instant-access account is often recommended. What suits you depends on your job, family and fixed costs.
Is this investment advice?
No. We explain the basics and refer to official bodies. For personal decisions on investments, insurance or loans, talk to an independent, licensed adviser.
Note: this page provides general information and is not investment, tax or legal advice. Past performance is no guarantee of future results.