Monthly Archives: July 2019

Manual to survive your credit card

With proper handling, the credit card turns out to be a tool and an indispensable ally to obtain economic facilities that give you immediate solutions.

The problem comes when you exceed the use and fit of your credit cards in unnecessary purchases. On the other hand, ignorance of the correct functioning of the cards can have an impact on your pocket.

According to data recorded by the Superintendency of Banks (SIB), at the end of 2018, credit card loans represented 6% of the portfolio and debts with plastic money represented a growth of 12%. In addition, the credit portfolio for consumption through cards in Guatemala totaled $ 1,464 million, 12% more than the data reported at the end of 2017.

How to have a credit card and survive to tell it?

How to have a credit card and survive to tell it?

  • Use it as a last resort

If you do not have economic stability, try to use it, if possible, for expenses that you can defer to a single fee. This is the only way to prevent your purchases from generating interest. Using it as a means of financing to pay credits or education, in the medium and long term, makes you pay twice and sometimes triple what you thought at the time.

  • With one card is enough

If you have the need to purchase one, do your best to make it the only one you drive. In this way you will know the limit of your credit and you will not be tempted to make excessive and meaningless expenses that affect your financial well-being.

Differences between the cut-off date and the payment date of your card

Differences between the cut-off date and the payment date of your card

The cut-off date is the day stipulated by the bank as the end of the record of the purchases you made during the month with your credit card.

The payment date is the last day offered by the bank to pay the fee for the purchases you made during the month. Usually the bank sets the payment date 20 days after the cutoff date.

You should keep in mind that if you can make payments or payments in advance of your payment date, you will avoid default interest and free up quota for future purchases.

  • Say NO to progress

This modality of the credit card allows you to withdraw cash at ATMs of the financial institution. The disadvantage of this function is that the banks automatically defer the term to pay said loan, in many occasions, from 18 to 36 months, which generates a high amount of interest.

  • Security

Thanks to the cards we can access the purchase of different products or services through national and international web portals, a process that facilitates our desire to buy, but which is extremely risky if you do not have the precautions of the case. Therefore, it is very important that you verify the security of the web portals you access before entering your password to avoid cloning and make purchases in your name.

Credit card with a debt

Credit card with a debt

If these tips did not arrive on time in your life and you already have a credit card with a debt that is a stone in the shoe for your finances, the best decision you can make is to request a Good Finance Credit to consolidate that obligation and make a Immediate payment. This will not increase bank interest and you will not have to pay the bank more than you actually spent.

Remember that if you need a totally free financial advice on credits to make your dream come true, you can do it with Good Finance Credits, with custom-made fees, no surety and in less than 24 hours.

These municipalities offer the most cottage for the money

criterionDescriptionSourceLength of stayThe average length of stay in holiday homes in Denmark per municipality is calculated using Boliga.

The bedtime is calculated based on the homes that are for sale right now.

money cash

Boligaland taxLand tax, also called land tax or property tax, is a tax on the very land that you own and are collected by the municipalities.
TURX performs an assessment of your reason called basic value. In addition, the municipality in which your holiday home is located establishes a basic debt profile between 16 and 34 in each municipality. What you have to pay depends on the basic debt profile in relation to the basic value. If your municipality has a per capita of 25, that means you have to pay 2.5 percent of your basic value in tax. The basic debt in this study is calculated on the basis of the basic value of an average single-family house in the municipality from 2013-2018.

The basic value is compared to the basic debt profile of the given municipality.

money coins

This is calculated by Bolius.BoliusBurglary per. inhabitantThis criterion is calculated by finding the average number of reported burglaries in housing in the municipalities over the past 5 years. The average number of burglaries in housing from each municipality has been compared to the number of inhabitants in the municipalities. Thus, the average break-in per. per capita calculated.StatbankSquare meter price in kronerThe average square meter price in Danish kroner on holiday homes per municipality is calculated by Boliga. The square meter prices are calculated on the basis of the homes that are for sale right now.BoligaDevelopment in cottage pricesThis criterion is calculated so that the average square meter price in Danish kroner on holiday homes per.

Home loan: Forget leases

It always catches my attention how some families or couples who earn very well continue to pay rent for years, without realizing the dream of their own home. And this is because buying a house is not an easy decision, except a unilateral decision. But above all, this indecision occurs, because sometimes we do not have a short-term financial plan, less in the medium or long term.

To get the house of our dreams it is necessary to define three themes with our partner:

 

What expectations do we have of the space and environment

What functions do we want to fulfill: room, office, exclusive parenting, etc .; about the environment, what services we want nearby or if we prefer a retired place.

 

Quote the house of our dreams

home loan

Once you have defined step 1, you can use several of the real estate websites, applications for smartphones or one of the many real estate magazines that exist in the market and take price ranges according to the location, space and conditions that you want your home to have. It is important to clarify that it will influence the price if it is a future good or a well built, number of rooms, close to parks, avenues, with or without parking, if it is a closed complex (and the benefits that this contains) etc.

 

How much we are willing to save to pay a monthly fee

home loan

If they still manage separate budgets, it is necessary that each separate fixed expenses (electricity, water, telephone, lease, gasoline or transport, market etc) and put aside all the money they could save, committing it to reach the goal and avoiding falling into superfluous expenses

Once these three points have been agreed, we can opt for financing and for this we must do the following:

  1. Enter and compare housing loans Placing the amount of the property we want to buy and calculate according to total income (both spouses) how much is the time and the fee we should pay.
  2. In order to think about the purchase of a real estate property, it is always necessary to have an initial fee, depending on the type of housing, this must be at least 10% of the total value (if they apply to housing subsidies), if they are not entitled to the subsidy value ranges between 20 and 30%. In that case, the first thing you should do is open a scheduled savings account. This account is a type of savings that banks offer with all the benefits and security of a savings account but with less facilities to withdraw money, so that it is not money that is easily spent but remains saved and should go growing month by month with the deposits of the spouses to seek to reach the goal of the initial fee, the first step to have their own home.
  3. Set a short-term goal to reach the desired amount.

If it was useful, tell me and in my next post I will help you choose the financial institution for your mortgage loan.