If you live in Germany you could get 1200 EUR each month for the next 3 years without doing anything. The basic income experiment is in its final phase.

Experimenting with basic income is not something new in the world. Finland did a similar experiment 2 years ago with 2000 candidates receiving 560 EUR each month. They came to the conclusion that unemployed people were indeed happier, but in the end, this had no impact on the unemployment rate. Keep in mind that 560 EUR per month is not nearly close to cover all the expenses one usually has living in Finland.

Germany is taking a bit of a different approach. They have opened this experiment to everybody, not just the unemployed. You do however need to have Germany as your primary place of residence to qualify. If you get selected, you will receive 1200 EUR each month. No strings attached.

Well, almost no strings attached. Your only obligation will be to fill a survey every 6 months which doesn’t sound bad at all. Is 1200 EUR enough in Germany? Depending on your lifestyle of course, but this amount is a bit over the poverty line so if you are unemployed this 1200 EUR should come in pretty handy and provide you with a “just-enough” lifestyle.

Don’t expect to live a fancy life, drive a new car, and live in a 5 room apartment with this amount. But you should be able to cover your rent, bills, food and occasional drink with friends in bar. This depends a lot on the place where you are living and the rent prices in that area.

As part of the study, 120 people will receive 1200 EUR which, or around 1400 USD for the visitor watching across the big lake. This group is called the basic income group. There will be additional 1380 people included in this experiment who will not get any money. This group is called a comparison group. This sums up to 1500 people included in the experiment. People inside the comparison group will however have a chance to move up to the basic income group during the experiment.

With only 120 people getting accepted to receive the basic income, what are your chances of getting this money?

Well, pretty darn slim. At the time of publishing this story, over a million people have already signed up. But still, you might wanna try. To apply simply visit the link, enter your email, confirm it, and fill a short form to apply. Applications will close at the beginning of November. During the middle of November, you’ll get an email if you have been accepted or not. In the next 2 months, a group of shortlisted 20,000 people will be created. After additional surveys, the final 1500 will be selected and the first payments should start in the spring of 2021.

Registration is free, so why not give it a try? Link: https://www.pilotprojekt-grundeinkommen.de

⇐ Click left or right for another interesting read ⇒

Germany child bonus – 300 EUR

Child bonus in 2020 Germany is helping all parents with additional money. 300 EUR isn't much but it doesn't hurt to help with many child expenses. As a new measure to mitigate the damages done by the pandemic, Germany introduced an additional one-time child bonus....

Anmelgund – Tips and Tricks

You arrived to Germany, found an apartment but now you need to register your address. This process is called Anmeldung and here's all you need to know about how to do an Anmeldung. After finding an apartment and signing a contract, your landlord must provide you with...

Buy a cheap bike in Berlin – under 70 EUR

.Can you really buy a cheap bike in Berlin that is actually pretty good? With the semi-automatic transmission and Shimano equipment? In Berlin, one of the most popular cities in Europe? Yes, you can. But you need to wait for the right deal. And here's a few tips on...

Moving to Berlin during Coronavirus outbreak!

Yes, moving during the pandemic time is not smart. That's why I must say right from the start that this was NOT a tourist trip to one of the biggest European cities, Berlin. I am from Croatia, and for the last couple of years, I've been living in its capital, city of...

Amazon returns gone HORRIBLY WRONG + SCAM sellers

Order a PC monitor on Amazon and cancel it a few days later. What could go wrong? Amazon returns gone horribly wrong while exposing some scam sellers is today's topic. These same sellers are still active despite I warned Amazon about them. I'm not saying Amazon...

What to do during COVID-19 isolation?

The Coronavirus (COVID-19) as here... and it doesn't look like the whole situation is gonna end any time soon. So why not make the best of the situation, and use this quarantine time to actually learn new stuff. Learn how to play the guitar, how to fix a car, become a...

9 tips for developer interviews

Preparing the scenario Before moving to Berlin and before I started to actively look for jobs, I started running mock interviews Some interviews were for jobs in Berlin, some were across other cities in Germany. After doing several dozens of them of those, here are 9...

Transfer vehicle insurance bonus inside EU

Moving abroad? Are you moving to a different country inside the European Union but you don't wanna lose your vehicle insurance bonus? Here's a few tips on how to transfer your vehicle insurance bonus. If you are moving to live from one EU country to another you don't...

Germany basic income experiment – 1200EUR for free

If you live in Germany you could get 1200 EUR each month for the next 3 years without doing anything. The basic income experiment is in its final phase. Experimenting with basic income is not something new in the world. Finland did a similar experiment 2 years ago...

Apartment in Berlin – How I found one before arriving in Berlin.

II found a beautiful fully furnished apartment in Berlin 1 week before arriving here. Inthe city-center to be exact. In March 2020, I moved to Berlin from Zagreb, Croatia. Why I've decided to move to Berlin after having my whole life set up and earning my first...