The minimum level of financial reserve is considered savings allowing to cover the cost of living for 6 months.
The minimum level of savings that we consider necessary for our sense of security is an average of 69,000. PLN.
It has been assumed that everyone should have at least three wages set aside for a black hour, that is, for sudden and unforeseen expenses. However, the minimum level of financial reserve is considered savings allowing to cover the cost of living for 6 months if the source of income is lost.
Regardless of the level of earnings of Polish consumers, respondents claim that the minimum sense of security gives only large savings. Three-quarters of respondents indicated that 100,000 PLN could provide them with a fairly good night’s sleep. However, every fifth Pole thinks that his minimum security is 150,000. zł. The average is as much as 69,000 PLN.
Latest research shows that, the sense of financial security depends largely on the amount of salary. For people with a salary of 1750 PLN a monthly financial cushion is 48 thousand PLN. For those earning 5,000 PLN the amoint is 105,000 PLN.
Most often, we save on a personal account and on a term deposit in a bank. A bit further on keeping money at home or on a savings account. Monthly, Polish consumers tend to postpone small amounts – up to 100 PLN (32%). From 101 to 250 PLN – 38% of respondents. Only 1% save over a thousand PLN.
More and more households in Poland can boast of having savings. Only 10 years ago, the lack of money “in the sock” was declared by over 3/4 of them. Today, nearly half of Polish homes already have savings. However, recently, you can see that the growth of savings is declining. It is happening due to cheap loans and a much lower attractiveness of saving in banks than a few years ago.