Financial Safety Advice

A quick survey of my contacts on Facebook and Twitter I have confirmed that very few healthy financial habit of saving. And the reason is almost always the same: * “I can not afford” or “I can never save” *.

Last year, at a workshop for financial journalists, an official of the Superintendency of Banking and Insurance (SBS) asked the same question to the audience. The result: less than 20% had a savings account, despite being familiar with these issues.

Indeed, for some, start saving is like starting the diet. It is very difficult or leave it to the days or weeks of starting.

In Peru, formal workers are forced savings known as CTS, which also is “pierced”, as it has a percentage of free availability, and is paid by the employer. Another is the contribution to the pension fund, which itself represents part of our monthly income. In both cases, these bills have one goal: to meet the needs if you become unemployed or retire.

In a blog on personal finance, we find good recommendations for achieving savings. “The most practical and safe is to have an automatic savings plan, so that, before it reaches your hands, go straight to your goal,” he explains. Read the rest of this entry →

To advance and have a bright career prospects, depending on your level of education. Whether in the field of medicine, engineering, information technology, aviation, you need good experts and this requires spending a certain amount of money. In the present circumstances, education is a side issue and that is where the lower classes face many difficulties. However, the problems related to finance can be solved with the help of student funding. We have already learned to finance our own accounts. Through this loan program, will be able to fight against all expenses pertaining to education without worry.

These programs are flexible and offer the best financing package with the best terms and conditioner students. In addition, the program also accommodates students with bad credit history, so that they too can take charge of their educational expenses. With the amount derived can be used for different purposes like paying admission fees, accommodation, food, expenditure on books and computers, along with some personal needs.

Funding for students can be found in several sources, but through the federal government where you derive the funds. The federal loan schemes offered in the Stafford and Perkins loans. The interest rate charged is comparatively low. These funding schemes are available only to students belonging to economically weaker section. Read the rest of this entry →

With the close of 2009, the first findings to make sure will relate to one year preceded by a financial crisis of extraordinary dimensions, which originated in the United States and affected the entire world. Until then, the middle of 2008 – the world were meeting their business functions without major problems, but from a financial bubble, everything changed.

So well worth keeping in mind the following tips into the possible scenarios for the near future. Today, global trade transactions attempt to retake the path of sustained growth, although the major economies of the Americas, Europe and Asia are totally irregular and in search of sustained control.

That is why in the last days of the year and in early 2010 will be highly recommended to stay excited about your money. For example, the impending crisis in the region of Dubai, the richest in the planet-could destabilize many regions of the planet, thus leading economists recommend to stay alert, keeps the money and capital, and as the international context shows signs standards, analyze the possibility of seeking investment options.

The caution amid financial uncertainty and expectation is a good ally.

Taking into account the conditions of the mortgage loans that are offered today, and the value of one-bedroom apartment in Buenos Aires, a person would have to borrow from a bank for 15 years, paying monthly U.S. $ 1,000 access to home ownership. Even if it could save u $ s1.800 pay off the debt in just 30 months. What for you? Mario Gomez, the real estate market expert and in charge of the course “The real estate and personal finance” Global Investor campus, provides the answer.

This week, the newspaper La Nacion published an article titled: “You have to earn $ 11,000 to pay a mortgage.” The calculation arises to estimate the income share ratio down the banks (30%), for someone who goes into debt for 70% of a department of u $ s 78,000 (60 m2 at the average prices that publishes Real Estate Report) . In short, those who take a credit of $ s54.000 have to pay for 15 years some U.S. $ 1,000 to pay off the loan, interest, insurance and taxes, using the French system of depreciation.

However, this family group earns revenue by about $ s3.000, if over 30 months save 60% of their income (u $ s 1,800 per month), agree to the $ s 54,000. It is true that would be adjusted for two and a half years and live with 40% of household income, but soon could put together as in 15 years of lending commitments. Read the rest of this entry →

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 →