Those who take high salaries are lucky enough to make it to the end of the month in all serenity. That is, easily covering not only all compulsory expenses, but also those for free time and also any completely unexpected expenses. Consequently, by not spending all the salary, month after month the money credited to the bank or post office account accumulates. Consequently, the amount of balance on the account will tend to be significant in the long run.
So let’s see what happens when the liquidity on your bank or post office current account rises until it reaches and exceeds the threshold of 5,000 euros. Also because accumulating and saving money on a bank or post office current account is a choice to be carefully considered. Considering the fact that there is an invisible enemy that makes our money devalue.
Why save by putting money in your checking account and what happens when you exceed 5,000 euros
In detail, a family that has an average annual balance of more than 5,000 euros in their bank or post office current account currently does not escape what is essentially a property tax. In this case, on savings in our country.
In fact, when the average annual stock of € 5,000 is exceeded, the stamp duty is paid on the current account which is currently equal to € 34.20 per year. This is why saving money by putting money into the current account triggers this tax in the long run. If, on the other hand, the average annual balance is below the threshold of 5,000 euros, the stamp duty on bank or postal current accounts, and also on savings books, is not due.
Pay attention to the evaluation of the money left in storage
In addition, putting money into your bank or post office account to save is certainly safer. Compared to putting money under the mattress or under the tile. However, the non-interest bearing money on the current account is always attacked by the devaluation relating to theinflation. Because, with the increase in prices, to make the idea, 1,000 euros today in five years will be the same money, but in reality they will have a lower purchasing power.
Therefore, to try to escape devaluation, the money, rather than left non-interest bearing in the bank or postal current account, should be invested in order to obtain an annual net return at least equal to that of inflation. Only in this way, in fact, will it be possible to maintain the same purchasing power for one’s money over time.
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