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Joined 3 years ago
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Cake day: June 13th, 2023

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  • Cash. Currency exchange. Used to be a tourist trap, intransparent and bad rates, commission on top; take only mint banknotes. Now often we see: No commission, rates with low spread (same as the best bank rates available to consumers). Takes bank notes and coins at no surcharge, no discussion.

    This is for countries where cash is still king and practically required. It’s competition at work; there are multiple local shops and they advertise their rates publicly. With internet in everyone’s pocket, there’s little room for cheating. Just enough spread for this to be a profitable business without robbing the customer.

    Compare to ATM operators, which are usually a oligopoly charging growing fees to foreigners. Because they can.



















  • _edge@discuss.tchncs.detoAsklemmy@lemmy.mlaaa
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    6 months ago

    I could live on 50% my salary now – after building my retirement funds. I’m probably a lot older than you are. I’m not married. In Germany if this matters.

    Progressive taxation and health insurance costs help a lot. You’ll earn half the brutto, but the interesting question is the netto. You can run your numbers here: https://www.brutto-netto-rechner.info/teilzeit.php (in German)

    1400 net can be a perfectly liveable depending on location / housing cost, but you need to think about retirement savings!