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How can I use my smartphone to save money?

Nowadays, the smartphone is almost everybody and their features are almost limitless. It’s a great tool for communication, entertainment, information, and much more. If properly used, the smartphone can also be an aid in saving money and budgeting. Here are some ways that using a smartphone can help you organize your personal finances and save money.

 

1. Easy budget planning and financial review

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Nowadays, it is possible to download different budgeting applications for smartphones as well as internet banking applications. It is a great opportunity to keep track of your financial situation, spending, cash flow, etc., anytime and anywhere. Before you make a purchase, you can see how much money you have in your account and whether you can afford it or not. These applications also allow you to plan your budget more efficiently, as you can capture current income and expenses at any time. By planning your budget through your smartphone, you can be sure that you will not forget something and that your budget plan will be as accurate as possible.

 

2. Billing back at any time

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You can also use your smartphone to pay back all your bills at any time, so you will no longer have to pay a penalty for unpaid bills. Of course, you can also pay your bills at home using your computer, but you have also had the trouble of remembering your bills at the most unattractive moments when you are not at home and your computer is not at hand. Smartphones for people are almost all the time and with a mobile internet connection, billing is possible anywhere. You can also resolve your billing issue by choosing to pay for automated invoices and keeping track of your transactions on your smartphone.

 

3. Explore prices before making purchases

3. Explore prices before making purchases

It is often the case that you see a great deal in the store, which is simply impossible to refuse, but when you come home and research, it turns out that the offer was not so great and the item was bought for its average market price or even more expensive. If you have a smartphone with you, you can make price comparisons and research before buying a product, thus protecting yourself from fake marketing tricks and fake promotions. Comparing prices with a smartphone is fast, convenient and simple, so it should be done before every major purchase.

 

4. Opportunity to explore stock offers

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Nowadays, almost all supermarkets offer the opportunity to view stock offers on their official websites. Unfortunately, buyers do not always remember doing this at home. Fortunately, you can do it from anywhere with your smartphone. You can compare the offers of several stores and, based on them, decide where to buy the goods you need, or keep track of the actual discounts at your favorite store to know what is good to buy at a given moment. Anyway, reviewing promotional newspapers before buying can certainly help you save money.

 

5. Coupon applications

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Nowadays there are various applications available for discounts and coupons. For example, many use an application such as Qfer, which offers discount coupons and codes for the most popular catering businesses. By presenting your smartphone with this app and the chosen coupon, you can get very large discounts on different purchases. This type of application is in fact a relatively large number, so the owners of smartphones have more possibilities to save. When you enter the application store and look for discount code apps, you will definitely find something that might be useful to you.

 

6. Searching for social networking discounts

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Finally, you can find various discounts, promotions and lotteries on social networks through your smartphone, which can help you get financial benefits. Such promotions and discounts on social networks are often advertised, so the chance to get something useful is quite high. Of course, this can also be done at home, at the computer, but mobility is also important. You may find some great deals already at a particular point of sale.

As you can see, a smartphone can be a great help in personal finance planning and finding various discounts and other beneficial offers. The functions of smartphones have long been beyond mere communication and entertainment. Nowadays, using all the possibilities offered by smartphones can also save money and take care of your financial situation.

What distinguishes payday loan without formalities?

Everyone who takes a loan knows how much time and effort it takes to get a loan. Especially if you’re trying to get him online. You fill out the form, wait for a response from the bank. A kind consultant calls you and asks for all the details of your income. Finally, you receive the email “your loan application has been rejected”. That is why payday loans without formalities are becoming more and more popular.

What does taking payday loans without formalities look like?

What does taking payday loans without formalities look like?

It is very easy. You just go to the website of the company that grants such loans. Then you specify the amount you want to borrow and for what period. At this point, the conditions under which you will receive the money are clearly presented. This is the first step, usually after setting these parameters, you click the “next” button, “fill in the application” or similar.

 

Then you simply fill out a form in which you provide your personal identification number, name and surname, and various other details needed to grant you a loan. At the same time, you don’t have to provide your income, employment status etc. It is a very convenient and quick way to get a loan. Filling out the form usually does not take even 15 minutes.

 

The next step is usually a verification transfer – you need to make a transfer from your account. Usually for 1 PLN. The purpose of this transfer is to check the accuracy of your data. Thanks to this, you can be sure that you take out a loan for yourself and not for example someone else.

 

Once you have made the transfer, you now have to wait for the money. If you have completed the form correctly and all the data match the data you provided when setting up the bank account from which you made the transfer, you will receive money within 24 hours. Often, the transfer occurs much faster.

Can anything go wrong while taking a payday loan?

payday loan

Some people are afraid of taking payday loans. They ask themselves various questions:

 

– What if it’s a scam?

 

– What if I don’t receive my money?

 

– What if my data is used later?

 

These fears are most understandable if anyone has never taken a non-bank loan, or so-called payday loan, until now. In addition, many people cannot believe how little effort is required to receive a payday loan without formalities. It is much more convenient and faster than getting a bank loan.

 

And as for these fears, you absolutely have nothing to worry about. If you have any concerns, just read the company’s terms and privacy policy. There are described exactly the rules for taking a loan in a given company. At the same time, remember that all companies operating in Poland are subject to Polish law. Contrary to what some people say, loan companies cannot do what they like, but they follow certain rules.

Is it worth taking a payday loan without formalities?

payday loan

If you need money, then by all means. Thanks to the payday loanwithout any formalities you are able to get the necessary funds very quickly. Very often, the next day you have money in your account.

 

This is one of the easiest ways to supplement your home budget. In addition, it is worth remembering that in many companies taking the first loan you give back the amount you borrowed. There is no interest rate or loan costs!

What is mortgage brokerage?

The concept of mortgage brokerage is very little known to the common people. Some carry out this activity, for different reasons: real estate buying and selling business, fulfilling a dream, investing to obtain more income. But all of them, need advice and guidance from an intermediary support, to make things lighter.

For this, there is the mortgage broker whose function is to conduct the business with the banks. Without having done a thorough analysis of the market and property to find the best benefits for the buyer . Additional, and very important, it is related to the function of intermediating when there is a conflict between the parties.

It is known how uncomfortable it is to apply for a mortgage loan, since most of the businesses in home buying are done by this means. And that is when the figure of the mortgage broker enters to make the activities simpler and faster.

Brokerage Considerations

Brokerage Considerations

  • Appropriate study of the client profile according to their economic situation.
  • The mortgage broker always maintains direct communication with the bank, to solve problems.
  • When the activity is a mortgage application, the intermediary executes the entire process. The client only shows up to sign the mortgage.
  • The mortgage broker must be an expert and have legal knowledge. Therefore, it eliminates the barriers between the user and the banking entity regarding legal and financial issues.
  • It is a means of conflict resolution , between those involved in two conflict interests.

On this occasion, the procedure for completing a loan application is mentioned. Supported by the mortgage broker:

Procedure applied by mortgage intermediation

Procedure applied by mortgage intermediation

After choosing the home by the buyer, the intermediary proceeds to make the mortgage application with the bank. For this, you execute it in three steps:

Analysis

At this initial point, the client’s financial information is collected to perform a thorough and detailed analysis of the mortgage application. The purpose is to obtain conclusions about the viability by borrowing capacity. It is communicated to the client, and if possible continue with the next step.

Request to banks and proposals received

Request to banks and proposals received

At this point in the process, it is presented to as many banks as possible. In order to negotiate all the proposed conditions and select which one is the best. Together with the client, the decision is made to choose in which entity the mortgage loan is requested. If there are doubts from the client, the mortgage broker must solve them.

Formalization

It is the final step, where you get the mortgage signature. It is essential that this process be carried out through the intermediation professional. As the client obtains better benefits and an adequate relationship with the bank through many years.

Loan Rates – Saving and inflation

Nevertheless, an extremely large number of Belgians are willing to accept a loss of purchasing power.

“The average return of 0.12% on savings accounts is far from sufficient to compensate for inflation in Belgium of more than 2%,” says Good Finance. Savers therefore lose more than 2% of their purchasing power on an annual basis but still keep feeding their savings accounts.

At the end of February there were more than 261 billion euros in the regulated savings accounts of our kingdom. . “That’s much more than the liquidity reserves that households need,” continues the Chief Investment Officer of Good Finance

A continuing fall in interest rates

A continuing fall in interest rates

In the last 10 years, the pot of Belgian savings books has risen by 68%. And while the offered interest rates melted like snow in the sun. Most banks adhere to the legal minimum of 0.11%, including the fidelity premium. “This fall in interest rates reflects the policy of the European Central Bank (ECB)” clarifies Good Finance.

‘The bank of the banks in the euro zone has reduced the’ referent ‘to 0%’. In the wake of this refinancing interest, the interest rates on savings accounts were carried away. “That is reinforced by the negative interest rate of -0.40% for deposits from financial institutions with their central bank.”

This measure represents a significant cost for the financial sector that is forced to absorb its indirect losses on customers’ deposits through other activities.

The less the savings are used to support the economy, the longer the European Central Bank will continue its low interest rate policy.

Suspicious savers

Suspicious savers

“In addition to installing low interest rates for loans, the objective of monetary policy is to discourage saving and to encourage investing in equities and bonds. These products are more economically interesting because they are financial initiatives from companies and the government.”

The Belgians, however, continue to stick to their savings book. Nearly 3 in 4 respondents to our survey * confirm that they continue to save while slightly more than 1 in 3 declares to invest. “This reflects a deep distrust,” said Good Finance. Good Finance’s Chief Investment Officer emphasizes that savers are still marked by the fall in stock markets during the 2000-2003 crash and, of course, the 2008 financial crisis. March 2009 was made possible in particular by the sovereign debt crisis in the euro zone – and recently also major political uncertainties.

The two most remarkable events are of course the decision of the United Kingdom to leave the European Union and the election victory of Donald Drumpf in the United States. This rise of populism threatens to spread to other countries, so that only uncertainty increases. Regular price movements of the 45th president of the United States illustrate this.

The snowball effect

The snowball effect

“In such a context, it is understandable that the investor tends to be cautious. That is a normal psychological reflex, but it is not necessarily the right direction. The doubts, the market corrections and even the fall of the markets are indeed part of “The evolution of the financial markets. Two world wars, the Great Depression and many other crises have not prevented the stock markets from making progress throughout the twentieth century.”

Good Finance also states that the caution of savers creates a snowball effect. “The less the savings are used to support the economy, the more the Central Bank will pursue the low-interest policy. Its impact is further enhanced because the commercial banks are confronted with stricter regulations. Their credit capacity is therefore lower for the same amount. of deposits collected. “

Light recovery in the making

Light recovery in the making

According to Good Finance’s specialist, Belgian families are gradually showing less caution. They are more informed about investments and their savings account balances have fallen slightly since the fall of 2016. This is accompanied by a recovery of the eurozone economy in the past quarters.

“But this evolution is still too limited for the monetary authorities to change their policies quickly. The interest rates will therefore remain low for a while in the euro zone, which reinforces the potential interest in investments.

What is a savings and loan cooperative?

Savings and loan cooperatives (SOCAP) are non-profit entities whose corporate purpose is to offer financial services. They are inserted into a worldwide movement of a social nature, called cooperativism , which gives it some special characteristics. This article allows you to know in detail what a savings and loan cooperative is, and what its characteristics are.

In Mexico there are more than 600 Cooperative Savings and Loan Societies (SOCAP) between authorized and unauthorized; From them we hear that some appear or disappear, merge or absorb them, are regulated or are not, expand or break, etc .; However, despite the fact that the savings and credit sector is 62 years old in our country, it has not been until the last 15 years that it has grown and made itself known in an important way.

What is the cooperative movement?

What is the cooperative movement?

The cooperative movement is a current that promotes cooperation in the social rank of its members. This is done through voluntary associations called cooperatives, which allow them to obtain greater benefits for the satisfaction of their needs.

Although the movement is social in nature, it encompasses an economic aspect, promoting the financial association of people. This, through credit unions, popularly called as town banks .

Who regulates savings and loan cooperatives in Mexico?

Who regulates savings and loan cooperatives in Mexico?

The National Banking and Securities Commission and the Auxiliary Supervision Committee of the sector.

What services does a credit union offer?

The main services offered by SOCAP are:

  • Savings accounts It offers you this service, usually without setting a minimum amount, or charging maintenance fees. Some allow the opening of accounts in dollars and pay interest regardless of the amount saved.
  • Time deposits . You can place your money on a fixed term and choose if you charge interest generated monthly or at the end of the term.
  • Loans Depending on the capital available to each SOCAP, you can offer different loan modalities. The so-called micro-loans stand out, which are personal loans for low amounts and low fees and do not have excessive requirements. Some cooperatives even grant mortgage loans and home equity loans.
  • Contributions A few SOCAPs offer the opportunity to become a member of the cooperative, through a capital contribution. Your contributions are placed in your own contribution account and delivered to you at the time you decide to withdraw. These contributions work as collateral when you apply for a loan in the corresponding SOCAP.

Characteristics of cooperatives

Characteristics of cooperatives

• Simple alternative to access savings and credit with more viable and favorable conditions.

• Interest rates offered are competitive with those of other financial institutions.

• Some provide education and training to people (cultural savings and credit programs).

• Presence in rural areas.

• They allow small amounts to be deposited and grant smaller loans than traditional banks.

About Credit Register

To be able to successfully get a loan nowadays, several conditions must be met. The main ones are that the customer does not have bad credit history, late payments or debt. Earlier, this information was only available to individual lenders individually, but on 1 January 2008 the Bank of Latvia’s Credit Register was launched.

The decision to establish such a register was adopted at the meeting of the Cabinet of Ministers of the Republic of Latvia on March 6, 2007, supporting the Ministry of Finance’s “Report on Development of Consumer Price Inflation and Proposals for Reduction”. The Credit Register is the Bank of Latvia’s information system.

 

About Credit Register

About Credit Register

It provides information on consumers who have received credits from banks registered in the Republic of Latvia, branches of foreign banks, companies providing credit risk services and insurance companies. This information is collected, stored and stored for the purpose of providing information to the Credit Register participants, the Financial and Capital Market Commission (FCMC), the Bank of Latvia and the borrowers themselves (natural and legal persons).

In this Credit Register, all debtor information that was previously stored in the Bank of Latvia’s Debtor Register, which was in operation from 2 June 2003 to 31 December 2007, was automatically registered. Credit Register participants are all companies and companies engaged in lending services in the territory of Latvia. the Bank of Latvia and the borrowers themselves (natural and legal persons). In this Credit Register, all debtor information that was previously stored in the Bank of Latvia’s Debtor Register, which was in operation from 2 June 2003 to 31 December 2007, was automatically registered. Credit Register participants are all companies and companies engaged in lending services in the territory of Latvia. the Bank of Latvia and the borrowers themselves (natural and legal persons).

All debtor information

All debtor information

In this Credit Register, all debtor information that was previously stored in the Bank of Latvia’s Debtor Register, which was in operation from 2 June 2003 to 31 December 2007, was automatically registered. Credit Register participants are all companies and companies engaged in lending services in the territory of Latvia. the Bank of Latvia and the borrowers themselves (natural and legal persons). In this Credit Register, all debtor information that was previously stored in the Bank of Latvia’s Debtor Register, which was in operation from 2 June 2003 to 31 December 2007, was automatically registered.

Credit Register participants are all companies and companies engaged in lending services in the territory of Latvia. the Bank of Latvia and the borrowers themselves (natural and legal persons). In this Credit Register, all debtor information that was previously stored in the Bank of Latvia’s Debtor Register, which was in operation from 2 June 2003 to 31 December 2007, was automatically registered. Credit Register participants are all companies and companies engaged in lending services in the territory of Latvia.

What information is collected in the Credit Register?

What information is collected in the Credit Register?

This information system collects information on borrowers – borrowers and guarantors. Information about borrowers’ credit history is collected, or liabilities that are fully executed or written off at loss. Data on current liabilities of borrowers in the Republic of Latvia, outstanding loans at end of quarter, delays in payments and their execution for both current payments and “historical” or debt liabilities have also been accumulated. Information is stored for 15 years after the end of the customer’s obligations.

The Bank of Latvia shall keep the periodicals for 3 years when the period has ended. Any participant of the Credit Register, its trustee, representative or authorized person shall be entitled to receive the information contained in the Credit Register. This can be done by submitting a written application in paper or electronic form.

10 tips to save energy at home and rejoice at the end of the month

Check which electric company suits you best. This is one of the most effective savings tips . For this you can consult a website to save or a comparator, or even the website of the CNMC, the National Commission of Markets and Competition.

Check with your electric distributor which offer is the most appropriate for your type of consumption : night time, flat rate … Also make sure that the electrical power you have contracted fits what you really need.

Equip your home with efficient appliances

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The savings power of class A +++ appliances can reach 70% in the case of refrigerators or water heaters, which are plugged in all day.

Choose your washing machine well. A machine with powerful cold programs or ‘eco’ programs will help you save water while consuming less energy. On the other hand, it is advisable to restrict, if possible, the use of the dryer . Dry your clothes in the sun whenever you can!

Control the temperature of your home according to the season of the year

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Even if it is cold now, do not waste heating : mark the appropriate temperature on the thermostat – no more than 22 degrees – and do not leave the windows open for a long time: the heat must remain inside the house. And in summer, do not make your home a freezer and maintain an average temperature of 25 ° C.

Make sure your windows and doors seal perfectly. Cold and heat usually escape through small imperceptible slits . Locate and cover them with self-adhesive rubber or silicone gaskets.

Keep an eye on the type of bulbs you use and the consumption of your lamps. Change them by LED lights . They are a bit more expensive, but they spend less and last longer.

Turn off equipment that you are not using completely

Turn off equipment that you are not using completely

The standby buttons do not cut the flow of current to the TV, for example. If you do not want to be plugging and unplugging your TV all the time, place a power strip with a switch that you can turn off and on when you need it.

Do not leave things plugged in if you do not use them. Forget that habit of leaving the mobile phone charger, a dryer or the electric toothbrush plugged in all day. Did you know that the resistance could be damaged? And, even if you don’t believe it, some devices still consume energy?

Always ask an expert electrician. Thanks to his experience, he can tell you in a personalized way where to save on the consumption of your home.