Spectator on facebook

Spectator on facebook

THE QUARTER IN BUSINESS

One third of Slovaks blow entire income on household expenses

One-third of Slovaks spend all their monthly income on household expenses, according to a study called Deposits 2007 that was carried out by the GfK Slovakia agency last November. A further 20% also spend everything, but are paying off loans at the same time. In total, only around one half of households are able to save money for a rainy day.

(Source: SITA)

One-third of Slovaks spend all their monthly income on household expenses, according to a study called Deposits 2007 that was carried out by the GfK Slovakia agency last November. A further 20% also spend everything, but are paying off loans at the same time. In total, only around one half of households are able to save money for a rainy day.

The survey also showed that of the households that were saving money, one-third were saving between Sk1,000-3,000 (30-90 euros) per month, while one-sixth were saving Sk3,000-5,000 and a mere 3% were putting over Sk10,000 aside.

Slovaks typically save money in ordinary current and savings bank accounts, but a significant number prefer to keep their cash at home. Among other means of saving, Slovaks listed fixed-deposit bank accounts, building-society accounts and capital and investment life savings. One-tenth save money via life insurance. Investments in shares and mixed-share funds, bonds and securities are among the least popular ways of saving.

Households mainly save for serious unexpected events, while many people said that they were saving up for a flat or house reconstruction, education or house-hold equipment. Holidays were in seventh place on the list, while funerals were ninth and weddings twelfth.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4