Financial Safety Advice

Plan is to build a clear and organized to achieve an objective.

Planning our finances is the process of identifying targets for the management of asset and liability flows of money in the medium and long term, and implementing appropriate steps to achieve them, with proper professional advice.

Simplifying, we start to assess where we are today (economically speaking, assets, liabilities, revenues and expenses), where we are going, and what is most important, where it is heading and how we will.

In Personal Financial Planning, everything revolves around the person and their wants and needs, not including business plans.

It is a process that develops over time, with appropriate modifications as conditions change and the environment.

In this process, identify the goals and are designed according to a set amount and a time to reach (much money do I need and how long you get).

Gives professional advice and objective external view of the development plan, provides expertise and market knowledge, giving preference always the client’s interest above their own. Professional input is very important, considering that the money brings with it many emotions, which may adversely affect the achievement of objectives. Read the rest of this entry →

A financial ratio is a tool used by financial analysts to know the status of a company’s accounts. This is a way of knowing what the real financial situation we face. They also have a great advantage ratios, and it is not difficult to use for a normal person without financial knowledge.

Before you start to see some ratios applicable to our financial situation, we see an example. Suppose a person has real estate valued at two million dollars. Anyone would envy a lot, but before exchanging assets and financial situations may be better to know more about the financial structure of the balance.

Maybe these two million in real estate are encumbered by a million in mortgages. Not necessarily bad, but this would require us to rent and manage to take the flow of debt payments. But a person who holds one million one hundred thousand in real estate and a debt of one hundred thousand will be in a better financial situation since, although their net worth is similar, is not required to do so aggressive management of their heritage. This knowledge is obtained from the ratios.

But ratios are not only covers how much is our net worth, but also help us understand our costs or we are paying the debt. That is, it is not simply knowing a person’s debts, but the capacity to assume them. Read the rest of this entry →

A quick survey of my contacts on Facebook and Twitter I have confirmed that very few healthy financial habit of saving. And the reason is almost always the same: * “I can not afford” or “I can never save” *.

Last year, at a workshop for financial journalists, an official of the Superintendency of Banking and Insurance (SBS) asked the same question to the audience. The result: less than 20% had a savings account, despite being familiar with these issues.

Indeed, for some, start saving is like starting the diet. It is very difficult or leave it to the days or weeks of starting.

In Peru, formal workers are forced savings known as CTS, which also is “pierced”, as it has a percentage of free availability, and is paid by the employer. Another is the contribution to the pension fund, which itself represents part of our monthly income. In both cases, these bills have one goal: to meet the needs if you become unemployed or retire.

In a blog on personal finance, we find good recommendations for achieving savings. “The most practical and safe is to have an automatic savings plan, so that, before it reaches your hands, go straight to your goal,” he explains. Read the rest of this entry →

Think of a budget as a useful tool to a written financial plan that helps you set goals and measure progress.

With prices of commodities increasing day by day is adequate for its own strategic plan on maximizing your financial resources and to ensure that every penny earned is well spent.

Make your move on coordinating your finances and list of expenses that may affect the way you use your income and autonomy for its economic stability as a working individual.

His source of income, lifestyle, work habits and the current home location, cost of living, and loans to pay determines the level of budgetary needs. Starting to take charge of your finances is a certain way to be successful in a field of self-fulfillment and success.

The following advice and recommendations that will provide details on how it can help you manage your finances and assume a new outlook to become responsible for your expenses: Read the rest of this entry →

In practice it is always positive but we go up the pay according to income tax, not always an increase in our wages automatically mean that we have more money and therefore purchasing power.

The reason we have mentioned above that depending on our salary, Finance we apply a particular section of income tax or another as we see below:

- From 5,050 euros to 17,360 euros – 24%
- From 17,360 euros to 32,360 euros – 28%
- From 32,360 euros to 52,360 euros – 37%
- From 52,360 euros to 120,000 euros – 43%
- From 120,000 euros to 175,000 euros – 44%
- From EUR 175.0000 applies to 45%

So as we see if our salary goes from one section to another, such a rise might not be fiscally interesting because in some cases earn more but also would pay more and vice versa.

If we were in this situation, we could talk with the company for that salary increase is reflected in our payroll as diet because they are not taxed up to a certain amount or even the company, we can pay raise given as a special bonus.