Financial Safety Advice

Iranzo, who has delivered a conference on pension systems, toured the causes and consequences of the crisis to global and national level and considered that the current pension system is unsustainable, “since” is being spent more than what is entered, “so that” we must be thoroughly reformed to prevent the collapse of the system and prevent further contributing pensioners. “

In his view, “there has been an inadequate response, increasing public spending projects like the Plan E or aid car to buy something because people have not understood that the world has changed and it is necessary structural reform, not a ‘mini reform’ work. “

“It seems that we will end this situation, it is still trying to extinguish the fire with gasoline,” he lamented.

Therefore called for a reform of the pension system “for economic and social needs” and “common sense” and has opted to extend the retirement age to 70 years, since “today’s workers retire ‘from facto ‘at 62 years considering early retirement. “

Considered that with this it is necessary to modify other aspects, such as modifying the conditions of the pension system, which, in their view, happens, “not to touch the 15 years required for access to a pension but rather to establish a proportional rate.” Read the rest of this entry →

Christmas is a time to share so that the development of different menus that make up the congregations family and or friends can be performed using white markings, without losing its magic and celebration, saving amounts significant.

Compare prices

The projections point to an average expenditure of EUR 170 family gifts for children and 155 euros in gifts for the family. According to a report by the OCU can be price differences that sometimes can be up to 55% savings in one article.

Credit Card VS Debit Card

Remember that after December, comes the “costs of January,” we recommend that you spend only what they can pay for what the recommendation is to leave credit card at home to avoid spending more than they can afford. Avoid debt and remember that the coming year will still be uncertain in terms of economic recovery. Read the rest of this entry →

In the general organizational framework must always differentiate between the shot and structural risk control, including handling of structural liquidity of short and long term, independent of market risk.

To do this, you must have at least a collegial body responsible for defining the tactical objectives, to review periodically how market changes will affect those goals and take the decisions necessary to bring the situation of the entity pre-determined objectives both for the investment portfolio to the trading portfolio, but independently.

Usually all those tactical decisions on the entities in charge of asset and liability committee, which meets the strategic definitions adopted by the senior management level where it also approved policies and procedures regarding the measurement and risk control structural.

Thus, according to such tactics authorized the treasury unit responsible for making all operational decisions necessary to meet them, according to market trends and requirements and the responses of the different business units Read the rest of this entry →

By definition, a credit crunch is a period of time in which credit is harder to access than usual – so a lot of people in debt may wonder if there is any point looking for a debt consolidation loan in today’s economic climate.

You may be surprised to know that credit is still available. Although a lot of news pieces have told us that credit is less available, many of these references actually compare today’s conditions with conditions in early 2007 – when credit availability was much higher than it ‘traditionally’ has been.

Secured debt consolidation loans

Some people may find they have a better chance of getting a loan if they can use some of the equity (i.e. property’s value minus total debts owed on property) in their property as a ‘guarantee’ that they will repay the loan.

One key benefit of secured debt consolidation loans is that they often come with lower interest rates than typical unsecured debt consolidation loans. Lenders are taking less of a risk with their money when you secure the loan against something of high value, such as your property.

What if debt consolidation isn’t the answer?

Debt consolidation isn’t always the answer. Some people may find that they are unable to find a debt consolidation loan, others may not be able to find one at what they see as a ‘reasonable price’ and some people may discuss their situation with a debt adviser and find that debt consolidation just isn’t suitable for them.

Depending on your circumstances, an alternative debt solution, such as a debt management plan or an IVA (Individual Voluntary Arrangement), may be a more appropriate way for you to tackle your debts.

In general, there is no sure way of figuring out which debt solution is right for you without speaking to a professional debt adviser first.

According to the international context, each country within its economy develops according to its own evolution and sustained or not by external indices. Thus it is a great advantage to know what happens in the world and in our own country. From there, begin to assess the main recommendations for the next year.

As a first step, we avoid falling into debt of great value. If it is small, with care and caution, we can sustain. But if the debt amounts to large sums, we can lose control if the crisis back to gain greater value. Without debt, money and investment could lead to greater freedom.

It will be essential, too, keeping accounts on a monthly basis and to detect if a period is spending more than it earns. If this happens, we could be in trouble. The solution? Itemize monthly-weekly if possible, personal accounts and family to check that whenever revenues exceed the expenditures.

Finally, it is very important to stay informed of what is happening around you, in the country and the world. Stay informed and understand that the economy and finances are not only expert tasks, will help you better manage our own accounts.