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Tips if you plan to save in dollars

cash

Do you want to save ? Do you plan to open a dollar savings account ? Then these tips will be of great help! Pay close attention if you plan to save in dollars .

Save in dollars only if you are completely sure

Save in dollars only if you are completely sure

And you have to keep in mind that what is recommended by experts is to save in local currency since the expenses you will have with your savings will be made in this currency – usually.

If you chose to save in dollars you should consider that the value of this currency is not predictable. This means that if you want to change currency, at some point, the exchange rate can play in your favor or against.

When to buy dollars?

When to buy dollars?

If you have decided to save in dollars even when the currency in which you receive your income is not this, I advise you to change your soles for dollars in the morning. The price of the dollar, in the afternoon or on weekends, when there is not so much movement, is usually higher .

Do not change large sums

If you have doubts about currency movements do not exchange large sums of money for this currency . I advise you that although you have a dollar savings, if you have the opportunity, you also save part in soles . So your money will be safe in case of a sharp change in the value of the foreign currency.

Compare offers well

Compare offers well

It is true that banks in Peru do not offer high interest on account of savings in dollars , in contrast to accounts in soles, but if you have decided to save in this currency, I advise you to compare the offers well. Evaluate the interests that a bank will pay you as well as the additional benefits and decide for the one that is most convenient for you.

Have these tips served you? It is always better to save in the currency in which we receive our salary. And it is in this with which we carry out our expenses. This way you will lose less in the currency exchange. What do you think?

Pay the lease vs. the mortgage loan installment, which one suits me?

credit loan

In times when all prices are going up, is it worth going for the dream of housing or is it better to stay in a lease?

These are some points that you should keep in mind

credit loan

In the last year, house prices have started to rise and that has raised the question of whether it is worthwhile to buy a property or stay in a lease, and if so, until when.

It is true that due to the current circumstances

It is true that due to the current circumstances

Now you have to be much more careful when borrowing, which involves meticulously assessing what mortgage credit suits you. However, this does not mean that you should say goodbye to your own home.

The general recommendation is that if you are in a solid employment situation, opting for a housing loan will only be convenient if you have a good percentage of the initial fee, that is, from 45% of the total value. This is because when you get the credit, the fees you will pay will be similar to what you would pay for a lease, and since you are already living there, the house pays for itself.

However, you should be very careful with interest rates

However, you should be very careful with interest rates

Since if you choose an option that does not suit you, even if it is a point of difference, it will have a strong impact on the total amount you will pay, because it is a debt that in most cases lasts up to two decades.

If you do not have savings, it is best to wait and seek to save a percentage month by month; also, seeing ways to invest that money will make it grow gradually, bringing it closer to the desired amount. While saving, research very well about the property you wish to purchase, so prepare to be a good buyer.

Your first credit card: 5 tips to choose without regrets

Choosing a credit card does not have to be an odyssey, but it is necessary to consider some points that will not only save you time, but also prevent you from regretting in the future.

There are currently many options on the market: those issued by banks, those issued by department stores, those that earn miles, those for young people, etc. How to know which one is best for you? There is no complicated formula, basically, review your profile and your goals.

 

Take into account your income level

Take into account your income level

First, your income level will show which cards you can access. The majority have as a requirement a minimum amount of income that you must receive to qualify, so the first thing you should do is remove from the list all those that exceed the amount you receive monthly.

 

Review interest rates

Review interest rates

The interests of credit cards may be among the highest, but there are definitely differences between them, so it is ideal that you verify the alternatives. Keep at least three in mind and evaluate what each one offers. This will be crucial for the time of deferring your purchases in a certain number of installments, because that is when you will start to generate interest. On the other hand, if you are completely sure of being a totalero customer, who pays everything in a single installment, the interest rate is not the primary thing.

 

Look for benefits that fit your profile

Look for benefits that fit your profile

Depending on the type of card different benefits will appear. For example, some cards designed for young people offer discounts in clubs and bars, while others designed for clients who like to travel, offer miles accumulation. Consider what benefits are most important to you and which ones you could get the most out of, especially if it’s discounts.

 

Ask for membership

Ask for membership

The cards usually include annual membership fees, that is, an additional payment once a year for using it, but in some cases this can be eliminated under some conditions such as using it every month, consuming certain amounts, etc. Check carefully about this, as the charges can be quite high.

 

Difference between commissions and insurance

Difference between commissions and insurance

Find out about the additional fees charged for the options you have in mind, so you will know for sure how much you are paying. In addition, it is normal that they grant you mandatory insurance, but many times the entities are looking for you to purchase additional products, so you should know them carefully before making a decision.

Consider these points and you will be ready to find your first credit card. Remember, if you need to compare the alternatives, Will Bond is a reliable site to do so.

It doesn’t really matter which bank you go to for a home loan

home loan

If you can believe the statistics, on average, a Hungarian adult has a financial savings of HUF 7 million. But there is also one who can save hundreds of millions of forints, and who does not even have one forint to save. Adding to this, house prices have risen sharply over the past three years, many have no choice but to borrow money if they want to own a home.

Only 7 out of a hundred people are open to changing banks

bank loan

that is, the majority would rather remain with their own account manager, although in the vast majority of cases they would be able to obtain a more favorable home loan if they dared to switch and transfer their finances to a new bank.

According to the central bank, the intensity of competition between banks could be improved, but there are still many ways to obtain more attractive terms on home loans.

The value of the property, the size of the loan amount and the income essentially determine the room for maneuver. First of all, banks are no longer lending as much as 80 percent of the value of the property, which means that they need at least 20 percent of their own funds. Secondly, according to the central bank’s decree, the amount of the repayment can not be more than 50 per cent below 400 thousand HUF, and above 60 per cent.

Each bank uses different customer ratings, but generally speaking, it does

The stronger your financial background, the better your bid

The stronger your financial background, the better your bid

For example, if the amount of the home loan requested is low compared to the value of the property or the monthly installment payment is low compared to your income, you can definitely rely on a good credit rating.

Whether it’s a very cheap but fast loan repayment loan or a fixed-term home loan, you can get an interest rate discount of 1-1.5% under the following conditions (one or more).

(Of course, only if you can meet the conditions continuously, because if you are temporarily unable to meet it, you may lose the interest rebate temporarily for that period.)

  • A specific income should be transferred to the lending bank each month. It may be a relief if the bank accepts not only wages but also any credit to the account.
  • It is often the case that the lender requests an active bank connection, such as credit card transactions, direct debit orders and the like.
  • Product tying is also common, and you may get a discount if you also buy other products from the lender (such as home insurance, life insurance, or credit insurance).
  • If you only need a very low loan compared to the value of the property, you can automatically get the discount (low loan coverage ratio).

We’ve collected the most affordable offers available at Bank Monitor now. As you can see, even with a $ 8 million home loan, there can be big differences depending on how much you are taking the interest rate risk.

An interest period within a year provides the lowest installment, but in return you have to assume that the interest rate on the loan and thus the monthly installment will change every few months. The loan in the example would take 20 years, which is long enough

Increase interest rates significantly compared to the current situation

Increase interest rates significantly compared to the current situation

That is why more and more people are taking out loans securing longer-term interest rates. In this case, the bank assumes the risk of interest rate changes. We have chosen a 10-year interest rate fixation, meaning that the installment will not change for 10 years. Instead, for example, a one-year interest-bearing loan will change nine times after it is launched – a disadvantage we expect.

The difference between the average APRs is 3.2 percent, which means that a few percent higher interest rate base is enough to close the monthly installment gap. Therefore, before borrowing, it is worth thinking about how much it is worth to start with uncertainty at the outset. There are many arguments that, in the interest of safety, it is still worth paying temporarily for more, because at the end of the term you will not be sure you will be paying less overall.

Pay attention to the differences between loans!

Whatever the case, what makes a loan better than another is always a hole in the numbers. That is quite clear, as it is a financial contract concluded on a purely commercial basis. Still, there are features of a loan that you need to be aware of so that you do not make a mistake before making a 20-30 year financial commitment.

Compare all possible solutions!

bank

The question is how we can best compare the opportunities offered by many banks. Fortunately, the Internet is here to help you, too, and we’ve found a calculator that gives us all the important information about the loan you want to borrow, once you ‘ve entered the basic information. If you click here you can try it too.

There is already a big difference between repayers

bank

The credit market is no different from the rest, it is also a competitive market. That is why there are interesting differences between individual offers. For example, a 20-year $ 8 million loan in monthly installments. While the calculator calculates that the lowest is 40.205 HUF, the highest is 55.076 HUF.

The difference is almost exactly 15,000 forints, which is not to say small for such an item.

The interest period

bank

We know very well after a currency loan duchess that it is not enough to look at the monthly repayment on the loan. As we typically take out forint loans these days, we do not need to deal with foreign exchange risk. Remarkably, the drastic rise in the exchange rate of the Swiss franc (compared to the forint) has caused many people to increase their monthly installments by two to three times.

Another important factor for a loan is the interest period. In the classic sense, this means that the loan repayment installment will not change over a given period. To illustrate with an example, if the reference rate were to increase suddenly, it would also increase the interest rate on our loans. This will also make our monthly repayments. However, as long as we are within the interest period, this will not happen.

Tip: If you have a low interest rate loan (like now), you might want to choose a longer interest period, even several years.

If you need further assistance or have any questions, please contact us! We will call you back and help you with your loans.

3 Quick Questions To Know If You Qualify For A Credit

When requesting a loan to cover any expenses, financing a trip, among other options, the first thing that financial institutions will perform is an evaluation of your profile, to determine if you represent a risk or not. If the results are positive, the application will be approved and you can get the credit you want.

If you have begun to consider applying for a loan, there are some questions you can ask yourself to start measuring your financial life and get a clearer idea of ​​your situation. That way you will have time to correct what is necessary and apply for the loan with more chances of succeeding.

So take note of these questions and take a few minutes to evaluate your finances:

 

Do you have money left over at the end of the month?

Do you have money left over at the end of the month?

If when you finish making the corresponding payments, you do not have a penny left, the truth is that you have already exceeded your borrowing capacity, because you have nothing left to pay the credit you intend to request.

 

Do you have any outstanding credit? If so, how have the payments been?

Do you have any outstanding credit? If so, how have the payments been?

If you have a pending credit and have been punctual, you show good behavior; On the contrary, if you have been late in payments several times, your situation is no longer as good and becomes a bit more delicate and / or risky.

 

Do you keep a steady job and can prove your income?

Do you keep a steady job and can prove your income?

If the answer is yes, the bank will be able to see that it is a client that has how to pay its debts, since month by month it receives an income that is verifiable.

If the answers were favorable, you have high chances of obtaining the credit you are looking for, and the next step will be to choose the most suitable one for your profile. Find a free investment loan with ideal interest rates, which does not charge you more fees and that gives you some benefit. If you don’t know what that option is, use the Gibo Roman free investment credit comparator to find out.

 

These are all the consequences of driving without insurance or with the expired insurance

car loan

The insurance is mandatory, as it is responsible for covering the expenses of all those affected by a traffic accident. These expenses refer to both hospital and disability and even death. However, despite being a necessary requirement to drive through the national territory, there is still a large part of the car park that is not insured.

It is not simply about not having the insurance, but also those who transit with expired insurance and, finally, those who falsify it also enter the same group.

Real and current insurance

credit loan

Contrary to what many think, the consequences of driving from one place to another without having real and current insurance are several, and go beyond the fine imposed by the police. If you continue driving without insuring your car, you must be willing to take them on:

1. Car immobilization 

car loan

If you are driving and a policeman stops you and checks that your car does not have a insurance or the one you have is expired, the immediate consequence is the immobilization of the car, which will be taken to the parking lot.

2. Parking payment 

2. Parking payment 

Once you have purchased the insurance, you must remove your car from the parking lot and this also has a cost, as you must pay for each day you were there.

3. Payment of the crane 

car loan

Another of the expenses that must be added is the cost of the crane that took his car from where he was at the time he was arrested to the chosen parking lot.

4. Payment of the fine 

car loan

In 2018, the fine for driving without insurance is equivalent to $ 782,000, a sum that, undoubtedly, one is not for giving away.

Remember that in addition to the loss of money, driving without insurance also means a waste of time, because you will be without your car and will have to complete the necessary procedures to recover it. The easiest and most practical way out is to find a insurance for your car and secure it as soon as possible. And if what you think is that it is wasted money, remember that it will be the insurance that covers the expenses of all those who are involved in an accident in which their car has participated and in addition, for the purchase you can also obtain certain benefits.

If your insurance has already expired or you don’t have one and want to buy it, compare the alternatives in Snopes family.

Online Ads: Top Platforms to Grow Your Business – Business Loans

If you have a Gas Station, for example, you can create an ad so that everyone passing by gets an alert on their mobile phone informing them of the Gas Station, the price of the fuel, the distance and even creating a route on the phone. gps that will take the customer directly to your establishment. granlogiacostarica.org for an assessment

Putting it all together…

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You have seen that there are countless ways to invest in marketing your business and you may be wondering: but how do I invest in all this without compromising my cash flow?

Did you notice that throughout the text the term “marketing investment” was used instead of “marketing expenses”? We use the term “investment” because each topic in this article has an expected return. That is, for every marketing campaign you make for your business, a gain is expected.

Which in free translation means Return on Investment

Which in free translation means Return on Investment

The account is relatively easy, in general, for every $ 1 invested in marketing, a $ X return is expected.

This amount varies by business, but generally the return must be greater than the investment to be profitable.

For example, if you invest $ 5,000 in marketing and receive a return of $ 7,500, your return will be on Return on Investment, which is $ 2,500.

The ROI is a percentage result, so it is calculated as: Return / Investment. In that case you would have a 1.5% ROI.

Understanding which ones are applicable to your business

bank

After reading the tips and understanding which ones are applicable to your business, a serious study of your Cash Flow is recommended to understand how much money you would be willing to invest at this time and a good planning for how this money will be spent on your stock. marketing.

In addition, for specific marketing actions, you can even get a loan for your company to make your project viable.

So, did you like it? We at Good Finance are here to help business owners who want to see their business take off! To check out other tips on the world of entrepreneurship, follow our social networks: Facebook , LinkedIn and Instagram .

How to choose the best loan?

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When you go to the bank or a financial institution to ask for a loan there are two terms that have to help you decide for the best offer. it is about the ASD and the ECA. In this note I tell you more about each one to help you choose the bank that offers you the lowest interest rate.

Both the TEA and the TCEA refer to the interest rate. The first term stands for the Annual Effective Rate, while the second refers to the Annual Effective Cost Rate.

How are both interest rates different?

How are both interest rates different?

The TEA is the interest a bank will charge you for the credit you ask. So if you request 1,000 soles and the bank charges 10% the TEA will be 100 soles.

But in your monthly statement you will not only have to pay the TEA, but other bank commissions . The set of these other commissions, among other additional charges is known as the TCEA.

TEA and TCEA is always important

TEA and TCEA is always important

Knowing and comparing the TEA and the TCEA is not only important when you ask for a money loan. It is also necessary that you compare the TCEA, in the case of a vehicle credit, mortgage credit , loans for studies, etc. 

Some conclusions

Some conclusions

You must consider both the TEA and the TCEA when requesting a loan. If you have to prioritize any, I recommend that you look at the bank that charges you the lowest Annual Effective Cost Rate. Comparing is the key to access the best money or credit loan.