Financial Safety Advice

As we have said repeatedly, financial management is based on savings and investment. The first of these steps is available to everyone – who has not saved any time in your life? – But not so with the second. The investment is the great unfinished business of the Spanish sometimes by simple laziness but in most ignorance.

Plays against the investment world is not the most friendly, starting with the abundance of technical terms and following the proliferation of financial products that most savers do not even understand. In the end, the choice is wide and can reach mentally block many small investors, who end up with its capital in unpaid accounts or doing what they tell you directly in your bank, remember that banks are not our friends.

The alternatives at this point are twofold: start their own means or go to professionals. Most financial gurus recommend the first option, but forget some of their disadvantage. Although everyone likes money, this does not imply that they are willing to devote the time required to learn what they need to invest or do detailed monitoring of their finances people, it is also true that there are investment schemes that do not require much care -. In the end, a matter of priorities and some people prefer not to ‘lose’ its time to invest. For them there are financial advisers or financial planners. Read the rest of this entry →

The goal of many people earlier this year is to have enough capital to go on holiday with their families, to the pitching of a car, to just have a cushion for unforeseen expenses, etc.. But it is a goal that few people actually succeed.

To achieve this we must follow three simple tips, as put into practice these tips will get keep the money you are going to know what I use and you can give a more satisfactory to you and your family.

1. Plan your spending: the main action have to do is know the amount of expenses you have on your income. To know list expenses and fixed income and do not forget to write the famous so-called ant expenses such as coffee, cigarettes and tips, because although small expenses, adding them in a month insurance is substantial.

2. Designates the amount of money you will save: once you know when you enter and spend you know which area you can reduce consumption. View this as a fixed expense and write it in your budget, saving is not the leftovers if you agree to set aside. For example, decreases the cost you spend on entertainment and avoids many expenses ant.

3. Secure your money: to keep your money safe it is best to use financial products offered by banks, as in a savings account, a capacity or promissory notes with interest payable at maturity.

Financial products such as “passive” are those that allow the holder to deposit money in institutions such as banks, banks and credit unions, having these should return the money under the conditions stipulated by the contract. Within these financial products such as “passive” There are three types, the most common: current accounts, also called demand deposits, savings accounts and term deposits. Each of these types of accounts has certain characteristics that make their specificity and are not detailed by law, as defined by the practice of everyday activity. Here, then, what are some of the characteristics of these types of accounts passive.

First, the deposits are defined by the ability of the incumbent has to make money income and the obligation of handing the bank at any time that the holder has. These types of accounts usually have some form of remuneration, but not always, but is less than that of other types. Current accounts are accounts also have what is called a “service box” asset and that helps the operator can use it to make and receive payments in an active form. For example, to make check deposits, household bills, pay checks, cash withdrawals, and others. These operations usually involve some kind of commission. Read the rest of this entry →

It is becoming increasingly clear that the main strategy of banks today is based on “theft” of customers from other branches.

The European banking model, each day is more like the American model where each person chooses a bank for the services is not “because it is what I used all my life.”

So every day we see how the bank deals are aimed primarily at new customers neglecting customers “old.” It is interesting to bank moving according to our needs in order to make the most of our money.

Financial products that can take more advantage of the Bank are currently changing payroll and mortgage abrogation. These are the most important financial institutions as they are a relatively lasting relationship with them and, taking the payroll or mortgage in a particular bank, it is easier for them to consider hiring other related products (like insurance). Read the rest of this entry →

Everyone knows that there are many types of financial products. In today’s market is a great diversity of conditions that make that we have an incredible range of possibilities when investing. In contrast to this, there are only three possible guarantees or tricks up its sleeve Frequently, guarantees are saved to grant the rights or money in a financial transaction.

Financial guarantees are considered to ensure compliance with the obligations entered into, and vary depending on what the asset or the exact conditions to be signed between the lender and the borrower.

It is very common for us to know his name but not really know what they are, so let’s try to explain each of the three financial guarantees:

* Endorsement: the figure of the guarantor may be a natural or legal person, raises the most common of all. If a situation of default by the first payer, and therefore does not take over the debt, the guarantor will have to take care of it, and so on with all guarantors who signed the original warranty (can be a or more).

* Mortgage: the financial institution with which we signed our financial asset may be made with personal property as collateral in case of occurrence of a default. Normally we talk about real estate, although sometimes it may be a case of movable or be seized under judicial examination.

* Or surety bond: it is the least used, but it is a security deposit so that prior to the signing of the contract, making a figure similar to that of a voluntary endorsement. Its use is widespread as a sign of confidence for the rental of various types of assets, as is insurance under which the tenant from the first time.

If we value these financial guarantees in modern times must take into account that have a positive side and negative for any financial agent needs to act in an operation and will require a guarantee. Although financial guarantees to cover the needs arising from staff towards safety on the market, why not always good for us all.

Financial guarantees have a positive side because it can protect against some types of financial stocks at some risk, but also a negative side, because if we fail to achieve an economic level sufficient to acquire certain warranties or guarantees required, we may see injured as financial agents in getting a claim that we need.

Normally, we can achieve an improvement in the conditions if we made a deal closed with respect to security with our borrower. In most cases, even when there is an improvement of those conditions will not be able to reach a minimum level of funding required to achieve prior to address the payment of these guarantees.

The securities, therefore, are necessary insurance, located within the free market, but sometimes they can hurt us directly to get some active and we do not have the necessary conditions to sign a financial guarantee.