Budgetkonto

What Is a Budgetkonto?

A Budgetkonto is a special Danish bank account designed to help you manage your fixed monthly expenses—things like rent, utilities, insurance, and subscriptions. You deposit a set amount each month, ensuring those bills are always covered and separate from your day-to-day spending.

How Does a Budgetkonto Work?

1. Calculate Fixed Expenses

Start by figuring out what you spend annually on rent, electricity, water, internet, and other recurring costs. Divide that number by 12 to get your monthly amount.

2. Monthly Deposits

Transfer this monthly amount into your Budgetkonto. It sits there ready for upcoming bills, so you don’t need to scramble when payments are due.

3. Bill Payments

Payments for those fixed expenses are made directly from your Budgetkonto—either manually or via automatic services like Betalingsservice.

4. Review and Adjust

Keep an eye on your account. If your bills change or your income shifts, adjust your monthly deposit to stay on track.

Example:

If your fixed monthly expenses add up to 8,500 DKK, you deposit that into your Budgetkonto each month. When your rent, utilities, and subscriptions are due, they’re paid straight from that account—leaving your main account untouched for personal spending.

How to Open a Budgetkonto in Denmark

To open a Budgetkonto, you’ll need a CPR number and a Danish bank account. Most major Danish banks offer budget accounts and allow you to apply online after registering in Denmark.

For example, if you choose Danske Bank, you can apply directly via their website. Click “Apply for account” to start. After filling out the form, the bank may ask you to verify your ID, sometimes through a quick video call.

Tip: When applying, tell the bank you’d like a Budgetkonto in addition to a regular account. This makes it easier to manage your rent and other fixed expenses from the start.