Financial Safety Advice

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.

Christmas is a time to share so that the development of different menus that make up the congregations family and or friends can be performed using white markings, without losing its magic and celebration, saving amounts significant.

Compare prices

The projections point to an average expenditure of EUR 170 family gifts for children and 155 euros in gifts for the family. According to a report by the OCU can be price differences that sometimes can be up to 55% savings in one article.

Credit Card VS Debit Card

Remember that after December, comes the “costs of January,” we recommend that you spend only what they can pay for what the recommendation is to leave credit card at home to avoid spending more than they can afford. Avoid debt and remember that the coming year will still be uncertain in terms of economic recovery. Read the rest of this entry →

Gradually the international financial crisis is being on the road, because the United States and some European and Asian powers have begun to show positive indicators that venture a possible financial recovery by the end of this year and early next. It is clear that the global crisis will persist for several months but do not discard a positive outlet.

Given this possible scenario, and although the Spanish economy is experiencing a good situation, we will recall the main investment options for the next few days, but always depend on whether we have any previous savings or get money for it.

On the property side, the buildings at present are maintained in unstable, since the outbreak of the financial crisis have suffered price cuts and now begin to try to recover value.If we have sufficient capital to buy a property and sell to more value in the future could be an option.

In the property sector, one option is the public debt. On this segment, will try with treasury bills and bonds, for the benefit of this investment is that earnings are paid in advance. On the banking side, deposits are a good option for those who do not want to suffer too many risks, quite the contrary with the Stock Exchange, although not impossible, to demand some knowledge and time to a good decision that will translate into money.

None of these revenue-generating secure. The key, as we always say, is diversification.

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 →

Wealth is not the same as income. If one does a very good income each year and spends it all, you are not becoming richer. You are simply living a high standard of living. Wealth is what you accumulate, not what you spend.

MYTH ONE: INCOME vs. WEALTH. Therefore, to demystify first aspect of the rich is the bond that is usually done between income and wealth. They are two completely different concepts and it is very important that we see it that way.

How did the millionaires to become rich? Probably be thinking that the main source of wealth is the heritage or family tradition. But most of these millionaires are not descendants of Rockefeller. Over 80% of millionaires are ordinary people who accumulated wealth in one generation.

They did a slow, steady, without signing a multimillion-dollar contract with a football team or a record company without winning the lottery without actually becoming a character from the likes Madonna.

MYTH 2: THE 80% of millionaires are first-generation. Wealth is, in most cases, the result of a lifestyle that includes hard work, perseverance, planning and, more importantly, self-discipline. Read the rest of this entry →