Personal finance: These tips could prove useful to maintain a good financial health , humans commonly have or create bad habits financial which cause us the deterioration of our economic situation, this is why we will then detail some tips with which we can improve our habits and financial situation.
Use loans and repay them pursuant to: Loans are simply contracts, which must be met as agreed between the parties, the consequences of failing to honor agreements jointly acquired with loans they are devastating for the financial health of the people and they take enough time to restore our credit to healthy status score.
Spend more than our income: Spend more than the money that we perceive is one of the errors more common and one of the more uncomfortable you override, must understand our economic situation and cling to our level and spending power. Establish a budget: The creation of a budget is a tool that helps people organize and program costs to make, this tool is very useful to establish significant future expenses, such as expenses for higher education, holiday, items, among others. Creation of a retirement plan: Establish a retirement plan will help one time abandon work activities either by illness or old age can maintain an adequate level of life. Create an economic emergency fund: This is one of the problems most common among persons who depend solely on a salary received monthly or greater, must establish a fund economic emergency covering effectively our expenses monthly for a period not less than three months where under any circumstances let us remain jobless. These are just five tips that we consider that they might be useful for our visitors concerning economics and personal finance, these tips could help maintain a good and healthy financial situation in our blog. Each end of the year many of us put ourselves Personal Finance goals for the up coming year, these goals are strictly related to our finances, both personal as well as our business finance and / or family finance. 2015 Finance Goals, Wellness and RecommendationsCredit Cards usage and recommendations Now we will proceed with our recommendations regarding the use of the credit cards, considering that these recommendations are strictly personal and as such they may operate differently depending on the person who put them into practice. Now we will detail down below our recommendations for the use of credit cards. It is absolutely necessary to understand that credit cards are a loan and that by signing the agreement with the bank that facilitates the pledge card to pay consumer accredited our cards on the date indicated by the bank amounts. "We must settle our debt on or before the date indicated by the bank" Credit cards have a spending capacity and this capacity depends on the consideration or range that the bank gives us, ie the financial institution may limit the maximum amount of our credit card depending on your financial capacity. "We must not exceed the limit of our credit cards to avoid paying overdraft fees" We have to note that credit cards are based on cycles, these cycles may vary depending on the lender, but these are handled in a similar way, eg we have a cycle of consumption of one (1) month after we make such consumption during that period we have a grace period of approximately 20 days to pay the consumptions made during the 30 days preceding the time of grace so. "If possible, we make consumption after the cutoff date of our cards and the first 10 days of the 30 day cycle of consumption, this to have more time to produce the money to pay off such consumption" Our revenues represent our ability to output, if we perceive a lot of money and our fixed costs represent 60% of such revenues, our ability to spend is the remaining 40%. "Our capacity will be our reference for conducting credit card consumption, ie, we should not spend more than our financial strength allows us" Please visit us soon for more posts related to the use of credit cards tips, we will post the 2nd part of this publication in the upcoming weeks. Other Related Articles in ZX9 Play Blog! ZX9 Play Blog! Credit cards were designed as a loan to provide cardholders the ability to manage their personal finances without the need to have the money on hand because of the dangers of carrying cash now a day.
As part of out goal to provide the information that our readers deserve we at ZX9 Blog! would like to bring another of our highly rated articles from our spanish site. PERSONAL LOANS? , this time in english for all those english reader around the world that asked for more posts in their language. Personal Loans The personal loans are part of the financial services offered by commercial banks and the same depends on market conditions. The bank in this case serves as issuer of the personal loan, this kind of loan is also known as a consume loan, conditions vary depending on the financial capacity of person asking for the loan. Interest payment are the highest among banks loans portfolio and may or may not ( at discretion ) of the issuing bank to require a personal guarantee or warranty just like in a real estate loan.
Personal loans and consumption loans are used by borrowers to purchase items or services that are larger than their immediate financial capacity, ie if the borrower requires an amount in excess of its capital money or monthly income available may choose to acquire a personal loan for use in such spending. Commercial banks have the right to issue or not the loan based on their economic considerations and the quality of the applicant of the loan, your credit record/history and depending also reserve the requested amount because the bank sees an increased risk greater amount borrowed or issued to the applicant or borrower. We always have to consider when applying for a personal loan whether or not we can fulfill the contract for payment under the terms agreed because if we violate these terms we could affect our credit history and losing the ability to acquire financial services from commercial banks in a remote and / or near future. You should consider several financial offers from different banks before making the final decision and so choose the one that offers us greater flexibility. Stay tune for more post about: BANKS, PERSONAL LOANS, LOANS IN GENERAL, MONEY AND PERSONAL FINANCE. |
PUBLICACIONES ANTERIORES
February 2017
MULTIMEDIACATEGORIAS
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