But this analysis and the search for savings and the realization of which bring additional money to the budget without the revenue was increased. All proceeds that remain if the necessary expenses are deducted, can be used in addition to a reserve on the account used to save money.

Existence, for example, no contracts for private retirement savings is to think of these products first. Basically, everyone must be aware of his personal goals.

What I want to achieve when, should a house be purchased – is a building loan contract complete, everyone will want to invest their money elsewhere, the venture capitalists have different needs than the single thought to safety a family. Read the full story

In general, when early marriage, frequent difficulties manage household finances, resulting in a deficit cash flow occurs at the end of the month, due to financial management have not arranged properly, and there has been no comprehensive planning.

1. Make planning the year ahead.

The first time, create a plan (budget) in the coming year, which breaks down within months. Planning is separated between the source of funds (funds flow in, can come from wages, other income from teaching, writing, etc.) and use of funds.

In planning has listed plans to be implemented throughout the year, and separate: main (operational cost), development costs, dissemination costs, reserves (no hidden costs). The operational cost is the cost that really must be issued each month without being able to wait, among others: the cost of electricity, water, school fees, transport, cost of essential commodities / food a month. Read the full story

How to Manage your Finances during a Recession ?…part 2

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Some useful tips to manage your finances during a recession

1) Keep your finances in good overview
By keeping a good overview of your finances at any time you know what happens and how it stands financially. This list can include getting through it a habit to make your regular checking account. Make a list of your income and expenses. Try to always pay bills on time which prevents your interest costs, charges and fines in addition to the formal notice to pay amounts. Make a list of expected income and expenditure for the coming period.

2) Think before you spend every penny
Make sure your daily expenses minimized. You can do this by asking yourself for each issue, whether you want to buy what you really need. Give money only to your daily needs. Concentrate only on the daily needs. So think twice before every penny you spend. Every penny is essential during a recession until better times come back financially. Read the full story

Give your money from targeted

Make sure your goals do that to save something. Rich is not ‘2 million in the bank “, although many people have that view. Rich for many people actually “three times a year on holiday, eating out weekly, employ a housekeeper, a beautiful house with luxurious bathrooms, a new car etc. ‘.

What would you like to do, can, and reach? Do you live in a beautiful farm? See what it would cost in monthly mortgage. Would you also taking two times a week to eat and also driving a new car? Then calculate what your monthly, for there would be lost.

You can ‘rich lifestyle just calculate. Based on these calculations you financial goals you can achieve. If you conclude that you must earn 120 euros a day to perfect your ‘rich’ life to live. Wealth is relative, it is not about how much money you have but how you feel rich!

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Earn more money

The most difficult step. How can you earn more money? To get rich is more important to earn money. You can put your senses on a promotion at work or a new job. You can keep a blog about one of your hobbies, start a webshop, starting a consulting or whatever.

Your passions that you have to somehow can convert into a business? Often you can best think of something cool with some help from friends and family. And with the internet at your fingertips you can quickly start a company.

Save while 20% of your income and build reserves. And you can experiment with making investments or investments. Let money work for you, use what you have as leverage to get more.

Give less money

Although it sounds difficult for many people is quite a saving without reducing the quality of life need to go backwards. We spend a lot of money on things that we have much cheaper or easier to solve.

For example smart to beat impulse purchases. If you want to be rich, do not squander all your money but very good deal. It is wise to keep a list of everything you want. If after 14 days you still like to have is an impulse buy more and you will see many of these things that you do not even want. Read the full story

The (UCE) Union consumer-Murcia and the Professional Association of Advisers and Financial Intermediation (AIF) filed yesterday, to mark the Consumer Day to be held today, a new advisory service to families in financial ruin. Currently there are 30 families that Murcia will benefit from this service. Specifically is a free consultation on financial experts to be given a diagnosis of the economic situation and advise to improve it where possible. Thereafter, the client will decide whether to continue with a process that is advised or if they prefer to consult another professional.

The aim is that these families need for reunification of loans or receivables management companies, to qualify for the service for advice and avoid “offers real usury loan with interest fast become a 30 percent “, and also posed” a real delusion and a dangerous practice, “explained the president of UCE, Pedro Valera. Furthermore, since the UCE of Murcia emphasized “the desirability” that people come to professionals solvents, in this case the collaboration agreement with IDA is because they offer the service, the security and safety that examine their situation, to make a tailored suit in which the user notice the relief of that pressure and “prevent it falling into fraud and deceit”.

This project comes in response to this situation, a little more complicated than for years, so we must tighten their belts and clean up the family finances in anticipation of more complicated situations, “according to Valera argued. The current situation shows that household debt grew by 177% between 1998 and 2005, and the Bank of Spain has warned that household debt has surpassed 82% of Spanish GDP. It has produced a report UCE legal debt consolidation so that the person can be located perfectly in your rights and what are the obligations of companies. But according to James ‘not enough’ for what they “call for the urgent elaboration of a law regulating the debt overhang and risk of families ‘economic crisis’.

UCE from the French model is proposed as a solution in which, administrative offices, local and regional level, develop a plan jointly with a financial adviser, representing the user and the Administration will establish joint plans and strategies and Conventions.