Financial Safety Advice

70% of the population of Brazil, Russia, India and China have no bank account. But how many have cell phones (it is estimated that there are nearly one billion people in all emerging markets)? That’s why investors put eyes on mobile payments. Last week, Actis bought chipmaker MSCC egipicia to dig deep in the activity.

Arthur D. Little predicts that the mobile payments market will be worth 60,000 million for 2015. Anticipates that within five years, the number of people who serve the mobile banking will rise from 32 million today to 290 million. That means there will be more than a million new users per week.

Ambitious goal, no doubt, but mobile payments are a solid foundation.
First, as suggested above, this should allow banks to reach new consumers. The insertion of mobile phones is improving access in Mexico and emerging countries. Thus it is possible that nearly 40% of the population has telephones, but still without access to the bank.

Second, banks can expand very economically. As noted by the FT editor, Sharlene Goff, a few weeks ago, banks can reduce up to 50% of their costs if [for their operations] are based on devices, rather than branches. 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.

Personal finance is the way a person relates to their environment through the use of their money, everyone directly or indirectly manages money so everyone has a financial life that can take a balanced or unbalanced.

Usually a few people have a good handle on personal finances, some are living in debt or debt from financial hardship on a regular basis, some of the typical mistakes we make are:

* Misuse of credit cards. -One can benefit from the credit card by exploiting various discounts and promotions, but usually people go into consumerism and end up paying large sums of money due interest or fees to withdraw money the cashier.

* Do not save .- The savings are the basis of wealth, however, in Spain there are many people who have no more than a dollar saved and instead have to settle debts. Read the rest of this entry →