Financial Safety Advice

It has been difficult for most Mexicans accommodate our thoughts, feelings, evaluations and intentions on this weekend and early this year by the conditions prevailing in our country in various fields.

Seems insufficient to review the past year and make plans for the new year, only issues of personal life, family and work, because although there is always much to be thankful for what is experienced and good wishes for the future, there will also considered substantively in our balance sheets and purposes, those relating to municipal public environment, current state and federal.

Finished a year marked by unprecedented security crisis, coupled with a clear social breakdown which changed the way we live, especially in some states, such as Tamaulipas.

The increase in poverty in 2009, added to the existing, was hit in the year ended by rising gasoline prices, gas and other products and services, as well as taxes approved by Congress, the VAT to 16 % and ISR 30%, so it is estimated that poverty got worse in 2010, which could be reflected in a further increase in the next measurement.

The loss of competitiveness and the huge increase in indebtedness of a number of state government recently ended its management, as is the case of Tamaulipas with an increase of nearly 580%, the plunder with impunity in many municipalities as Tampico is the case, associated with the last two servile and connivance of the local congresses, as well as increasing the country’s public debt, while not short-term impact on our finances healthy macroeconomics, if a warning light in the national stage.

The “Ninis” Generation of nearly 7 million youth who are neither studying nor working, emerged into the public eye as a social phenomenon, igniting a new flash point in Mexico, as in the context of a society that suffers from insecurity, poverty, educational deficits, poor education and lack of better jobs, young people have been exposed to the frustration of a forced leisure as he found no job Read the rest of this entry →

Do you have financial problems? The safest thing is to not wear a budget that reflects your winnings, but never too late to achieve your financial goals. Start with these 6 steps to lead a stress free financial life.

1. Avoid the disaster immediately – Do not be afraid to ask for extensions or a payment plan on your debts as they are usually granted.

2. Check your credit card payments – If you are only making minimum payments on your credit cards, you’re just more into debt as interest increases, and it is becoming harder to get rid of pay off your credit card, focus on finalize a credit card at a time.

3. Give priority to your accounts – Check your accounts and see where you have to pay first, then make a payment plan based on your payday. If you are already behind on some payments, call the company to see how much can be the minimum payment to get current. Tell him you want to regularize your situation, it is important to mention how much you really can afford. Read the rest of this entry →

The secret about using credit cards is in the planning of income.

People use the cards without considering whether they can pay their debts on time and ignoring the interests in arrears of debts. This problem can be solved with education on the practical handling of personal finances, which should not be aimed at winning more money but better management.

The planning allows us to prioritize spending and postpone wishful thinking that usually spend the money. When prioritizing expenditures should be considered necessary on good opportunities, at least not believe have a super power that a credit card at a time that will provide potential benefits.

Studies by experts believe that the less educated older people have made unnecessary expenses, and noted that one of the most persistent vices of personal finance is to spend money you do not have at the moment.

People dissipate advance savings fund, the bonus, salary increase or profit sharing, hoping to pay off their debt just have that money.

This situation is repeated over and over again and you have to do something about it if you want a real change in our personal finances. Read the rest of this entry →

The debts are stressful, remove power, can lower morale and erode people, just get rid of debts psychology has its reward is the peace of mind, knowing that you can live with your own income without having an outstanding obligation is unfortunately a feeling that many do not is time.

Many people do not plan to pay debts, usually the people what they do is spend a lifetime accumulating and creating a new debt to complete a previous one, to do this many people forget the amount of any costs or coming at a time of year (such as taxes and diseases) which must be filled, when spending is strong, the best thing to do is plan your payment for example if each November taxes paid 1,100 euros then the ideal is not to seek Euro 1100 when nearly every year in November but plan to save 100 euros per month from January until paid the amount, the same planning should be used for various expenses mainly heavy expenses that require larger sums of money hard to come shortly .

They tell me that before was not normal debt, people save to buy what he wanted and so bought and appreciated what it had cost, however today people buy things without value and ends in debt, even bankruptcy says families in fashion, to ultimately think everyone should live only with their own income, there are options such as reunification of debts.

The following is a compilation of several quotes and phrases that have collected on topics such as savings, money, debts and wealth and other financial matters.

- “A part of everything you earn is yours and it has to be, and if not able to save money is that it can sow the seeds of greatness.” Dale Carnegie

- “Money is not the most important thing in life but it affects everything is.” Robert Kiyosaki

- “Money grows on the tree of patience.” Japanese Proverb

- “At the time when your expenses exceed your income, your desire to hold you cause your downfall. Therefore never spend what you do not. ” Gregory Calhoun

- “The secret to financial success is to spend what’s left after you have saved and not save what is left after spending.” Unknown

- “Money saved is as good as money earned.” Danish Proverb

- “This is my definition of crazy: crazy to work for pennies in one or different things you hate for fifty years and die poor. This is my definition of intelligent work hard for a shorter period of time. Retire with multiple sources of income. ” Robert G. Allen Read the rest of this entry →