Finance & Accounting – Financial Planner

Financial gifts for three different dads

A fashion watch, a leather wallet or a tie will not be much help to the head of the family if you want to show that you care. It is time to think about something different, long-term and that serves you. Yes, we talk about financial gifts. Gerardo Acosta Sanchez, director of Sales and Distribution suggests the purchase of insurance, which allows him to have medical care, generate savings or restore the theft of objects.

Dads with small children are the ones who need to be more protected, because if they are missing, the tranquility of their family would be seriously affected Deputy Director of Insurance. Do not let your hobby go out of your way offers a product that covers personal accidents for athletes. It costs 400 pesos and has an insured sum of 25,000 for medical care and 50,000 for organ loss or death. Continue reading “Financial gifts for three different dads”

Save to buy a home and insure your retirement

Saving 25 percent of the salary would be appropriate to meet the goals during a dad’s life. With this amount, it is enough to buy a house travel give education to the children and have an assured retirement according to financial experts. According to the asset management company, principal, that savings should be divided into four parts 10 percent for retirement 5.0 percent for short-term goals another 5.0 percent for medium-term goals and 5.0 percent as an emergency fund.

The firm said in a statement that in this way prepares for the future, and is also one of the first personal finance advice that parents must give their children. The most important part of any financial management is having the ability to save in the end. Facing the celebration of Father’s Day on June 18, he said that data from the National Institute of Statistics and Geography indicate that men are the head of household in 73 percent of households. Continue reading “Save to buy a home and insure your retirement”

Tips to save money in a cost effective way

Do you think you are too young to start saving? According to Carlos president of the National Commission for the Retirement Savings System 48% do not save for the future however, thanks to the Commission’s alliance with convenience stores such as Circle K and recently saving Pharmacies this statistic may gradually decrease.

The Con star launched the scheme of voluntary savings in afire to encourage Mexicans to think about their finances in the stage of old age. Until that year, the Commission raised a total of 15,000 million pesos. According to Carlos, these favorable figures are due to the growth of options that people have to start saving. Before it was very complicated, you had to go to a bank branch train process afire and return to the bank. People simply did not do it he said. Continue reading “Tips to save money in a cost effective way”

The floors of the banks bailed out with your money

Sareb is what has come to be called as the bad bank, which aside from much loan promoter also promotes the construction of real estate and is dedicated to the sale of the entire real estate portfolio that has inherited. When it was decided to bail out the banks after the real estate crisis, the FROB or Orderly Banking Restructuring Fund was set up. The FROB is a financial instrument created to measure the restructuring of the Spanish banking system and all the savings banks that had been expanded by the Crisis.

Among the actions of the FROB was the Sareb, known as the bad bank but never got to give banking license. The government had to create a vehicle like the Sareb bound by the Memorandum of Understanding (MOU) that had signed with the rest of the EU countries to lend the money to the bank bailout and to continue to function normally. Continue reading “The floors of the banks bailed out with your money”

Virtual currencies Blockchain and developing countries

One of the main barriers found by Bitcoin and Block chain in the developed world is precisely that the economic agents whose sectors most revolutionize are those who feel that their business model may be more threatened. Therefore, the speeds of adoption in the first world countries may be slowed as is already happening at least until affected players know how to take advantage of the new ball rolling on the field.

This complicated casuistry of stakes often does not exist in developing countries, since, in most cases, Bitcoin and Block chain allow developing and offering services and possibilities to formerly non-existent user bases and that many times they did not even have access to the most basic financial services. There the problems are different, which does not mean that when these services start beyond the Mediterranean. They end up becoming players, not only relevant at the national or continental level. They can aspire to challenge in their own home. Continue reading “Virtual currencies Blockchain and developing countries”

Different ways to secure a fixed money for your future

I’m never going to think about it have you heard this phrase? Sure, that yes his grandfather once said it his parents too and you do not fall behind just like your co workers and their friends. It is always said that the system deteriorates that a pension reform is needed and that young people have to look for some additional income to survive in their old age.

Many are the reasons that cause the problems in the system starting with the population pyramid in recent years, as the population is not currently being renewed at the pace required by the current pension model. Older people get older while newborns are less. This is evident when comparing the older population of the years 1985 with the one of 2017 (that is between the 60 and more than 80 years of age according to the information that the DANE reports. It is observed that older adults have increased 4.72%, while newborns (between 0 and 4 years) are decreasing and in 2017 are 4.56% less than in 1985. Continue reading “Different ways to secure a fixed money for your future”

What to consider before deciding to buy a home

Acquiring a house is one of the most important decisions in a person’s life, so it is necessary that before taking that step certain relevant points should be considered so as not to affect the economy. We share certain aspects that you have to take into account according to the real estate site.

Define a budget. Whether through another type of bank credit, you must consider that it involves a down payment of approximately 30% from there to be able to define your budget. Find out from a real estate agent. Take into account that the process of buying a home is often long and tiring. There are many formalities and issues to consider so the work will be easier if you have the information and the necessary guidance. Continue reading “What to consider before deciding to buy a home”

Ideas that keep you from having money

There are various myths and false beliefs about having or generating money. Many people think that who has money is because it was stolen or won based on corrupt acts. Others think that money changes people makes it greedy selfish insensitive and even humble. The reality is that having or generating money is not bad on the contrary, if you manage to multiply your income and savings, you can live in a more relaxed way and if you want you can share it with others and even teach them your good habits to grow your means.

Specialist in personal finance and author of the book manages your money for dummies shares some misconceptions that keep people from achieving their financial goals. For attention and avoid them: Trump’s statements about Sweden are the last misnomer of a White House terrorist attack. Conway, Trump’s adviser, misquoted the “Bowling Green massacre”, which never happened.

Some thoughts can sabotage your desire to save or invest many of them are instilled from the family. There are various myths and false beliefs about having or generating money. Many people think that who has money is because it was stolen or won based on corrupt acts. Others think that money changes people makes it greedy, selfish, insensitive and even humble.

The reality is that having or generating money is not bad; on the contrary, if you manage to multiply your income and savings, you can live in a more relaxed way and, if you want, you can share it with others and even teach them your good habits to grow your means.

Financial education needed for children

The issue of money with the smallest of the household is always small children are like sponges as they absorb all the information around them, so it is very important to teach them habits and attitudes that will affect their behavior as they grow up. One of the most important habits to teach is the administration of money and the value of it.

The following financial tools are ideal for sharing with children:

Investment: Many banks offer child savings accounts. This way, children will save their money safely and enjoy returns so they can learn that there are options for saving money. Budget: The obligatory weapon to be shown to the children to write down the monthly income (allowance, Sunday) of the children in a leaf so that later they write their expenses will help that they know how much money destine to each thing and they can make a comparison. In the end, knowing your expenses will make them more aware of your financial decisions. Continue reading “Financial education needed for children”