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Although there are people who have a kind of gift to manage their money, for most it is a difficult task to do, especially since over time they have acquired certain habits that are harmful to their finances, but in many cases they don’t even know it.

4 bad financial habits you should give up

These are actions that may seem very logical or harmless, but that little by little threaten their economic stability and, if you don’t take precautions in time, you could end up regretting them.

1. Give in to emotional purchases 

If you are upset, do you buy? If you are happy, do you buy? So the problem is that he is an emotional buyer. One solution to this is to hide cards or leave home without much money when you feel that way.

2. Do not calculate how much you spend monthly 

If you don’t know how much you spend, you can’t know how much you could save. Another interesting fact that you get when ordering your money is how much you are allocating to each area of ​​your life.

3. Use the credit card for small expenses 

While plastics are a useful tool, it does not mean that you should use them for every small thing you buy, especially if you will use the quota mode, since it is only generating more interest. The only justification for using your card at small expenses is if you are entitled to any promotion and if you will cancel the total amount before the fee expires.

4. Not having clear financial goals 

Not knowing what you want to do with your money or what your aspirations can also make you lose the battle, because you don’t know where you are going. It is healthy to set certain short and long term goals, whether saving a full salary or paying for vacations in cash. You decide.

Finally, not only avoid bad habits, but start reaping the good ones. Compare financial institutions and open a savings account. The purpose of comparing them is to verify which one pays you the best interest, so your money will start to grow. To do this, you can use web comparators such as Ebenezer Scrooge.

You and your partner are ready to take that next step in your marriage: having a child. It is certainly something that will bring you much happiness and will be the beginning of a new stage in your family. But have you thought about the change your partner finances will have ?; Now they will have to think about “Family Finance” and many changes will be necessary. That is why we share 10 financial tips to start a family:

How much you will spend

Calculate how much you will spend on making your home safe for the baby. Car seat, cradle cover, plug plugs, etc. Keep these costs in mind and don’t let them catch you off guard.

Include new expenses in your budget: diapers, bottles, wet wipes, detergent; And the list goes on.

Get a membership from a price club. Buying large quantities of certain products will be cheaper in these types of stores than in a common supermarket.

Review your medical expense insurance and expand your coverage. Or hire one if you don’t have one.

If you and your partner work, pay nurseries near your home or work for when mom returns to work.

In this same work, ask how many days the company gives you for maternity or paternity and take full advantage of them.

Check government benefits. There are some government programs that can support you in these financially complicated times.

Update your important accounts: beneficiaries in bank accounts, will and retirement savings fund.

Check your list of long-term goals: a bigger house? Family car instead of sports? School?

Pay your debts

As much as possible, end your debts before the baby is born and do not drag problems. As always, remember that good planning is the first step to healthy finances. Talk with your partner about these 10 points and determine others so that they can receive the new family member without problems that will later make them lose their financial peace of mind.

Is credit profitable? Actually, what are the benefits of credit? To answer these questions, you need to read this article to completion. Ma’am, I am interested in applying for a credit facility at the bank, but before that I want to ask Actually, does the credit benefit me or benefit the Bank? Because to my knowledge, the customer or debtor is charged a certain amount of interest for his credit return, how can it be said to be profitable?

 

Benefits of the credit facilities that the Bank provides to customers

Fine, thank you, Nando, for the question. I will try to explain about the credit you asked just now. Actually the benefits of credit are a lot, both for you as a debtor, also for banks that provide credit facilities. This is called symbiosis of mutualism, where you receive a loan, and the bank as a lender also benefits.

In addition to these benefits, the state, both the government and the community, also participated in feeling the impact of using your credit. For example, you use a mortgage facility. Well, from your credit, the government clearly gets income in the form of taxes, which can encourage the country’s economic growth.

In addition, with credit, many people can get jobs. Let us discuss more deeply the benefits and benefits of credit from each side, namely from the side of customers, banks, the government and the wider community.

 

Discussing the Benefits of Credit for State and Broad Communities

Various credit facilities circulating in the community, both productive and consumptive loans, which are spread across the corporate segment ( corporate and commercial ), certain industrial sectors, micro businesses, even consumer loans that are used personally can provide benefits to the government and the wider community .

Generally, companies (both the corporate segment and the micro segment) need credit to fund the development of their businesses, and banks usually provide productive credit for these companies.

In addition, consumer credit is enjoyed more personally by the community in the form of mortgages, motor vehicle ownership loans, credit cards and others. Did you know that the widespread use of credit provides benefits to the state and the wider community?

The benefits of credit for the country and society at large include the following:

 

Reducing Unemployment Rate

Through the use of credit facilities for companies both in the corporate, commercial and micro business segments, many employment opportunities are created due to the opportunity for the community to create and develop a business. Because there are many jobs created, the unemployment rate will decrease.

In addition, if we imagine further, for a long period of time, if companies that are given credit facilities continue to grow and expand, production levels and market demand increase, and the quality of employee resources continues to be upgraded , then this can affect growth economy of the country.

Can you imagine, the use of credit facilities can even affect a country’s economic growth?

 

Improve National Development

Bank Indonesia states that banks have the main function as collector and distributor of public funds. The aim is to support the implementation of national development in order to improve equitable development, economic growth, national stability, towards improving the standard of living of the people. Through this statement, it is clear that through the distribution of public funds (credit) national development can be carried out, which leads to improving the living standards of the Indonesian people.

One form of benefits obtained by the state through credit is tax. As discussed earlier, the state receives taxes from outstanding credit. And taxes are one of the country’s biggest revenues that can be used for national development.

 

Discuss Credit Benefits for Banks

In addition to being beneficial to the state and the wider community, credit facilities also provide benefits for banks providing credit facilities, including:

 

The Bank Performs Its Function

In general, banks have 3 main functions, namely as agent of trust, agent of service and agent of development .

Let us highlight the function of banks as agents of development, which means banks function as institutions that support the development of national development.

Products and services offered at banks can be divided into 2 major parts, namely funding and lending . Funding is when banks collect funds from the public in the form of savings, current accounts and deposits, while lending is when banks channel funds to the public through credit.

When banks have been able to collect and channel funds and carry out services to the community, meaning banks participate in encouraging national development, banks are carrying out their functions as agents of development .

 

Reputation

The concept of reputation is very simple. If there is one friend that you believe uses one of the credit facilities in a bank and feels satisfied, and advises you to use credit facilities at the bank, then surely you will consider using that credit too.

This is one of the benefits obtained by the bank when more credit can be given to many people.

A good reputation is one thing that greatly benefits the bank.

 

Interest Income

One of the bank’s income is interest income or interest income received through credit. So, the more credit the bank gives, the more interest the bank will receive.

 

Discuss Credit Benefits for Customers / Debtors

Let’s try to list what credit benefits can be felt by borrowing customers (debtors).

 

Developing a Debtor Business

For debtors who have businesses and are currently using productive credit facilities from banks, the debtor clearly gets many benefits from the credit facility. Debtors can maintain and develop their business better.

Credit provided by banks also varies, for example for maintenance maintenance of industrial equipment, financing of production, relocation of factories, and financing of business expansion which clearly requires no small amount of funds. You can imagine how much time the debtor needs and how difficult the process is to develop a business if you don’t get a loan from a bank.

 

Makes It Easy for Debtors to Choose the Right Bank

Usually, banks give credit to debtors who have become customers. Through this, you can use credit facilities while saving at the same bank. You will be easier to pay your credit bill if you save at the same bank. This makes you feel safer and more comfortable in making transactions.

 

Finance of Protected and Secure Debtors

Have you ever needed anything but your finances did not support you to meet your needs in the near future? You will probably think of repaying your needs by using a credit facility. True, this is one of the benefits of a credit facility, where you can make installments for needs that you cannot pay now, so that your finances remain safe.

You also don’t need to worry that you will forget to pay or your bill is wrong, because the bank will process your credit appropriately. This will make your finances safer and protected from various risks.

 

Understanding Credit from Different Viewpoints

Such is the explanation that I can convey, Mar Candoy. Hopefully through this explanation, Mar Candoy can better understand the benefits of credit that can be felt by the state, banks and customers. Not only for consumptive credit, but also productive credit.

Do you have other opinions or ideas about the benefits of credit? Please give your comments and opinions about this, thank you.

If in the last article I talked about “How to save for your child’s education” today we go to the opposite side, reasons not to pay for your child’s education .

You may want to be a good father, right? You have started saving for your child’s education for a few years, since birth.

You are preparing for the inevitable expenses that will come from this matter and you will do the best for him. It is not like this?

Not necessarily. The key to the issue is that paying for your child’s education has added some lessons and experiences that you may not want your child to learn . In addition to that, on the other hand, it could increase its long-term financial burden .

Let’s see some disadvantages that you have to save for your child’s training.

Disadvantages of Saving for your Child’s Education

Doing a university career is not an indispensable requirement to find a good job.

Many people simply assume that a university degree is the only way to succeed in life.

This thought is not true. Or at least not 100%. Many people with very good jobs and salaries have not set foot in a university in their life.

And there are many well-paid jobs for those who do not need university studies.

Apart from that to succeed you have to work on what you are passionate about . Leaving aside how well or poorly paid it is. If you like it, if it is more a hobby than a job, the income will come alone.

And unless in Spain the university careers change radically, with the passage of time it will be less and less important to have a university degree.

If your child has never proven to be a good student, forcing him to go to college right after high school can be quite damaging to his future.

Paying for your own education teaches responsibility.

Having to actively participate in the process of finding your own resources is an experience that will highlight your child’s responsibility and maturity.

Through this process you can quickly know how important it is to be responsible for your own actions and decisions.

Paying for your child’s education detracts from training.

If you pay for education from your pocket, your child will not value it in the same way as if he had to pay for it.

It is possible that while you are spending your money each month, your child is really wasting time. And if you had to pay for it, the training would choose another type of education more in line with your interests.

If you pay for their education, you could increase your financial difficulties.

Even if you carefully plan savings for this goal, it is still money that you could dedicate to other very important goals such as for your retirement or for your emergency fund.

Instead, that money can go through the back door if your child does not value or serve the education received.

conclusion

 

Given these factors, although it is logical that you want to save for your child’s education and that it is an important goal in your life, I think it is not good to jump into it without weighing well the pros and cons.

Not that in the end you get a very unpleasant surprise.

Holy Week is a season that commemorates the death and resurrection of Jesus and is celebrated in a week of March or April, depending on each year. This 2018 is coming from March 25 to 31. Easter is the ideal time to rest and enjoy multiple experiences without thinking about financial liquidity thanks to the quick application for online credits, the best option from the comfort of your home and with an approval in fifteen minutes.

The plan preferred

Colombians during this season is to travel. According to figures from the flight search application Viájala, Bogotá, Medellín and Cali topped the list of cities with the highest number of searches during 2016, followed by Cartagena; a year-round destination that presents the highest peaks of the season where thousands of national and international tourists are received.

In order to live the experiences offered by trips to the fullest, it is possible that according to your salary you can finance your monthly obligations by installments. As for favorite religious destinations to discover, there are Ipiales, LONUX, Zipaquirá and Lapoyan, cities with specific itineraries to commemorate these dates.

Lapoyan is Intangible Cultural Heritage of Humanity declared by UNESCO since 2009 and at this time, the visit to the monuments, the procession of the dismissal and the visit to the Archdiocesan Museum of Religious Art, become the favorite activities for tourists. These plans are joined by alternative events such as the National Orchid Exhibition and the Religious Music Festival.

Ipiales is one of the seven wonders of Colombia. It is a border area with numerous destinations and plans to discover, including “the twelve dishes and the three pots” that consists of sharing typical recipes from the region. The Sanctuary of Las Lajas is famous for being a construction of the early twentieth century that is located in the canyon of the Guáitara river.

For its part

Zipaquirá has the renowned Salt Cathedral, the only one of its kind. 180 meters underground is a place away from everyday life that invites reflection, self-discovery and encounter with the spiritual part.

LONUX is a colonial city that highlights the importance of the past and tells stories through its architecture that remains in time. The Plaza de la Concepción and the municipal cemetery are some of the recommended places to meet.

So to enjoy great family experiences it is possible to finance the plans in a group way, so that the fees are reduced and there is a greater possibility of taking advantage of the destination you choose, either inside or outside the country.

It is important to take into account some recommendations prior to traveling and one of them is not to forget to make a copy of your documents such as driver’s licenses, passport, visa if necessary and plane tickets in case of theft or loss of luggage.

It is also essential to carry an outfit in your hand luggage in case of any unforeseen event. Likewise, it is advisable to review the type of weather you are going to go to and its pre-trip conditions.

It is advisable not to have all the money in cash and in the same place, use the safe deposit boxes if the place where you are going to stay has them and carry extra money in case of emergency. If you do not have savings, a free investment loan is ideal because it allows more flexibility in the use of money.

To optimize the expenses, the traveler can make a financial panorama avoiding purchases in an impulsive and unnecessary way and be completely sure of what gifts are going to take to family and friends since it is very common that during this practice the budget is altered.

traveling abroad

Keep in mind the exchange rate, as it can affect the activities planned during the stay. Therefore, the prices of the euro, dollar or local currency should be checked daily in order not to take surprises when entering.

With these tips of destinations and recommendations when traveling, Easter becomes an ideal season to enjoy with the family. Albertine, an online credit expert allows personalized loans to live experiences here and now with a facility that allows you to obtain the best loans for this Holy Week.