Posts Tagged ‘financial’
Have you ever been in front of various financial products without knowing what your mind? Wondering why you’re so hard to save? Your debt has grown and do not know how it was? Most likely you need to work on your “financial education”.
“Financial Literacy” is definitely a buzzword, much heard in the media, but what do you really mean and what impact it has on our lives?
The Organization for Economic Cooperation and Development (OECD) defines financial education as the process by which consumers improve their understanding of financial products and concepts and through information, instruction or advice aimed at developing skills and confidence to become more conscious (aware) of the opportunities and financial risks to make informed decisions to carry out effective actions to improve their financial well being.
In short, financial education allows us to better manage our money, it helps us to plan better and have the information, tools and skills to make decisions in this world that is alien to us sometimes.
What might be examples of financial education? Learn to make a functional budget, saving both our goals as a contingency, use credit responsibly and according to our ability to pay, know our rights as consumers, know the characteristics of investments – including horizons, risk level, performance and fees – and acquire skills to plan for the future.
How to increase your financial education?
The money is related to most areas of our lives and we went to school to learn basic skills like reading, writing, add, subtract, multiply and divide, why not also look for “classes” give us tools to better manage our personal finances?
are you going to finish school or starting your first job? Let me tell you is the best time to start learning how to better manage your money.
We often hear older people complain that spared no time; why not learn to invest before or even why they did not know better how to take the credit or certain benefits.
You then have just that it may be the most valuable asset in finance: all the time ahead.
To use it are some tips:
Start saving from now, so you can. If you form the habit now you do not have many responsibilities as a mortgage, children, and household expenses and that your expenses may still be almost as flexible as you want, it will be much easier than when they have to cope with these things.
Know your benefits. When we got to work the last thing we think to ask is whether or not we AFORE and less on what we find, but choosing the best option to manage and invest our savings for retirement is important to have more resources in old age. Also, the state of the AFORE account serves to take control of our resources Infonavit or clarifications if necessary.
Learn how to use the credit in your favor and make a good record. Your credits are now the key to higher credit tomorrow, so it is important to begin to make history with a credit card, but even more that you learn to use and promptly pagarlasiempre and will not consider increasing your buying power but a how to plan your payments and cushion your consumption over time.
Trace your financial goals: Save to save can be extremely difficult but what you’re saving for your car, your expertise or that mochilazo always wanted to do? Certainly would be easier and keep you motivated. For financial goals work must have three characteristics: be specific, have well-defined cost and they put the date in which we perform them. This allows a plan to achieve intermediate steps and go measuring our progress.
Invest; a dollar invested now beginning to generate returns today! That phrase of that time is money is very true for investment: between before you put your savings to work more produce and maximize your effort.
Learn to manage your finances from either young adult is something that many would have liked, simply because it facilitates our lives; reach our goals and even peace of mind. Take advantage of this opportunity that you do have!
the delinquency has become one of the major headaches of Spanish banks. Restrictions on grant funding have not been able to stop defaults on any of the following sectors: mortgage or consumer loans.
But the critical point have been in July when delinquencies reached 6.93%, the highest in the last 15 years, according to data released recently by the Bank of Spain. The scenario is not flattering and explains the reasons for the decline in lending.
Doubtful recovery credits are located in 124.618 million euros, more than 24,000 million euros compared to July 2010.
The dubious mortgages rose in the second quarter to 2.469%. This according to data from the Spanish Mortgage Association (AHE), published this week.
This ratio is higher than in the first half when it reached 2.421%, although slightly lower than in the same period a year earlier, when it was 2.567%.
According to the AHE, financial institutions had a rate of 8.995% of doubtful loans. This is followed by savings banks, with 6.98%, the banks, with a 6.088%, and finally, credit unions, with 5.726%.
La Caixa has for his star clients a range of personal loans to cover any financial needs that arise, either a sudden or something planned for money that is required, such as studies, a holiday or home improvements.
Star Loans offers five options that are characterized by:
* Total flexibility, because depending on the mode you choose, you can vary the fees according to your needs.
* Depreciation early because whenever you want, you can make extraordinary contributions and reduce the amortization period or monthly fee.
* Interest fixed upon signing the contract.
* Fees may be flexible between 12 and 17 annual dues.
According to your needs, La Caixa you given a choice between the following personal loans:
* Salary Loan multiEstrella: if you are part of the program you have Payroll multiEstrella an immediate loan of up to 10 times the amount of your salary to a maximum of 40,000 euros.
* Loan Star Express: is a fast loan that allows the customer to have immediate cash to meet unexpected. The repayment term is ten months.
* Loan Star Studios: guests will fund more than a year of study without having to apply for enrollment in each new loan. The repayment term is 11 months.
* Star Auto Loan: A loan to buy a car and, in turn, fund the first year of insurance.
* Loan Star Reforms: a financing plan for everything related to home improvement: payment of labor, materials and even new furniture.
any person who has cherished a project knows that the hardest part is to get funding. How is credit? How do you convince a financial institution responsible for the merits of our idea and our worth as a subject for Investment + on?
To pave the way for those who want to make the granting of that much-needed credit to enable their productive life, the Zaragoza Chamber of Commerce has made a Decalogue that gathers tips and experiences that can ensure obtaining the desired funding.
These are the 10 points to negotiate a loan
1.-Consider the bench as a potential “partner” financial, not to defeat the enemy
2.-Strengthen long-term relationships: business and banking are required to understand to develop their business
3.-Do not marry a single bank: we must diversify risks between various entities
4.-Update at any time financial information, so that may be provided wherever required
5.-Limiting the level of debt as possible for the company, always realistic
6.-Rate credit to ask considering all expense and commission
7.-Establish a budget planning, thorough and real, rather than the use of external financing.
8.-Rate across the spectrum of financial products that are acquired, its relevance to actual needs of the company.
9.-Do not give or expect favors
10.-Separating the relationship with the employees of bank relationships with the bank there is only a professional level
The third step to improve your credit history is, oddly enough, get a credit card.
A credit card is not only a tool to obtain immediate funding for your consumption, it is also a showcase for banks and lending institutions review your financial habits: the good or bad how creditworthy you are.
The good news is that any credit card you used, whatever its limits and nature. Pay the monthly amount, do not stop accruing interest, do not fall into the habit of “minimum payment” … and when you apply for a major credit card using that reflect you as a client solvent and responsible in handling their debts.
If you cannot get a credit card, start with a debit or a secured credit card (in them, deposit in a savings account guarantees payment of credit). Whatever your income, do not leave the orbit of the banks.