Financial Safety Advice

After more than four years of crisis, many households will see them and want to keep your family finances afloat. Payment of the mortgage , bills, day care of children … there are many obligations. The domestic economy worries us.
The fear of facing a situation of financial hardship is something that affects many people, especially in times of crisis which we live.

That is why now more than ever we need to tie in to cut expenses and analyze the situation of our personal finances to budget our expenses. In the case of those lucky families who have sufficient financial capacity to cover their costs and generate savings every month, should immediately include in their monthly budget amount of money to build a savings fund for contingencies .

A health problem, a breakdown, pours a fine … the unexpected expenses that can occur are numerous. The first question to be one, is, could bear the extra expense without recourse to financing or other dip into savings for other purposes. To avoid losing control over our personal finances, we must accumulate a capital equivalent to at least basic expenses for 6 months.

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In many cases a person can show pessimistic about the wealth that can generate during their working lives. Stop there, and that optimism pessimism can become if you set goals that can give you some financial security. Still, nothing comes alone. That’s why in order to achieve financial peace of mind, you must meet certain requirements.

A steady source of income

This might come from your salary if you work as an employee, your business should be self-employed or their investments if you are an individual who is alert to market movements.

Financial reserves

Hike not merely in private consumption. We all know that the possibilities of financing banks in Argentina are tempted to pounce on any television with the Internet or the latest smartphone. Consider your retirement, that is, not spend it all in the short term but also leave some capital to enjoy it when labor agenda is nothing more than sun with his wife or her husband in the square.If you are a parent of a child who is on the verge of adolescence, should know that you will require education expenses should be planned.

Protection against the unexpected

In short, sufficient insurance to cover your life, your health, a slip in its ability to generate income, your family and your possessions. If you do not have insurance, even the best financial plan can evaporate in seconds.

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Online, you have to take basic precautions?

Do not tell anyone your password for access to their accounts, or store in your personal computer. Change also your password regularly.

Avoid passwords like your birth date, phone number, license plate … that can be easily obtained. At the time of creating them make sure you are using a combination of letters and numbers to increase the security of the same.

Do not respond to any email that asks for information of personal nature. No identity never send emails asking customers to confirm their usernames, passwords or card numbers.

Avoid connecting to Online Banking in places where Internet access is available to many people. Such as Internet cafes, and try to stay informed of the status of their accounts and the recent operations.

How can you ensure that your computer is safe?

Protect your computer by using any antivirus program and keep it updated

Open only those emails with the sender know. The hidden files can carry a virus.

Avoid installing software of dubious legitimacy. Read the rest of this entry →

Wise Tips for Surviving and not die trying. Meet them!

An emergency fund is one of the pillars of financial security. In your family, an emergency fund can also be a source of inner peace and tranquility. When presented with a contingency, either an accident or an illness or an unexpected expense, have the resources to quickly resolve the difficulty is a vital issue.

What happens when it fails to provide for an emergency? Then one is forced to incur debts that can result in years of financial commitments and accrued interest.

How can you implement an emergency fund? The answer is through smart saving.

An alternative is to open a savings account for automatic deposits micro fixed. Ideally, set aside some amount for the emergency fund.

What is the ideal amount of an emergency fund? That depends on your income, but we could estimate how well supported the equivalent of three months of expenses.

Commit themselves to an emergency savings fund is a very difficult step to take. At first it may be tempting to draw on these funds. The discipline of saving is a virtue that is acquired gradually and is part of a broader financial education.

The first step in developing a budget is to determine where we spend the money. Once we become aware of how consumption is distributed, it is easier to decide which soften or cut costs. Read the rest of this entry →

The proposal to have a law on Financial Security of a necessity in Ecuador. Despite the crisis of 1999, not yet have a modern and comprehensive framework for an orderly and traumatic handling of potential financial problems. The few cases of troubled financial institutions in recent years have been handled slowly, missing agile solutions to prevent a certain problem from spreading to other institutions. However, there are at least three aspects of the law in which care must be taken.

First, the size of the Liquidity Fund will remain small for quite some time, creating the need for external lines of credit or other protection mechanisms. The problem is that the new Constitution prohibits public debt than for investment projects, limiting the ability to borrow for a line of financial strength.

Second, the apparent mistrust of government to the private sector leads the public sector control markedly Liquidity Fund and is the only one who can convene meetings. Excessive under-representation of the private sector may involve a politicization of the agency and the banks do not believe in the system and continue to have their own cash reserves. Read the rest of this entry →