Welcome back to Girls Guide to Germany! In today’s episode, we’re joined by Aziza, an expat, senior financial consultant, and expert on all things money-related in Germany. If you’re just starting out in Germany or want to feel more secure financially, this episode is packed with insights. We’re breaking down everything you need to know about setting yourself up financially in Germany, from pensions and insurance to investment options. So whether you’re wondering if the public pension system is enough, what kind of health insurance you need, or just how much you can expect to save on a German salary, Aziza has answers!
Here is your Girls Guide to this episode:
00:00 Welcome to a new episode with a special guest!
00:46 Who is Aziza? Meet the Expat, Senior Financial Consultant, and more
02:10 Quick reminder of what this podcast is about and an intro to BBA Community
02:30 Key steps to setting yourself up financially in Germany within the first five years
05:55 Is Germany’s public pension system enough for retirement?
08:10 Should you get a private pension plan in Germany, and how do you choose the right one?
10:05 Other important financial considerations: Investment plans in Germany
11:52 Essential insurance types you should have in Germany
13:50 Common financial mistakes expats make in Germany
15:45 Private vs. public health insurance in Germany: What’s best for you?
17:13 What is a typical salary in Germany, and can you actually save money?
26:13 Closing thoughts and a big thank you to Aziza for her financial insights
Thanks for tuning in to this episode of Girls Guide to Germany! We hope Aziza’s insights helped make financial planning in Germany a bit clearer. From navigating pension plans and insurance to avoiding common expat financial mistakes, there’s so much to learn—and Aziza gave us a great foundation. Remember, setting yourself up financially in Germany takes some planning, but it’s totally doable.
If you found this episode helpful, please share it with other expats who might benefit, and don’t forget to join us next time for more advice on making the most of life in Germany. See you in the next episode!
Connect with Aziza for more Financial Advice:
Email: aziza.nuritdinova@horbach.de
Instagram: https://www.instagram.com/aziza.nuritdinova/ or https://www.instagram.com/expat_ease/
Connect with Us:
Join the BBA Community: https://www.instagram.com/bbacommunity_/
Follow Hannah for tips on life in Germany: https://www.instagram.com/hannahteslin/
Discover tips for living in Hamburg: https://www.instagram.com/hannahshamburg/
Listen to the Girls Guide to Germany Podcast on the Go with:
Spotify: https://open.spotify.com/show/2E3gzxPgAUEk3PGdweVFJs?si=SitJx_lbTBi4q7x0c1tDUQ
2 Comments
Thanks for doing this podcast. As a new beginner in the German labor market, I found the discussion super informative and insightful.
Berufsunfähigkeitsversicherung is usually not worth the (high) premiums as the insurers tend to find ways to avoid payouts to the insured. Better save the money.
In my experience (and I spent extended periods of time in the private and in the public system) the quality of healthcare depends mainly on the doctor and not on the insurer.
Doctors prefer privately insured patients because they make way more money on them. If you are young and unmarried without children, private insurance is cheaper. (Public insurance covers your family without surcharge, the private insurers do not) When you get older and even more when you retire, the private insurance becomes very expensive….