A buffer for expenses that comes later is good. It is known that spending money on medical and dental visits, or to the doctor, repairs and otherwise, the only question is when. With a buffer, you can also stay cheaper. You get the space to buy things you need on sale, you can afford to buy in cash instead of renting or buying on credit.
How much you need in the buffer depends on where you live and live.
Those living in the house need more than living in the apartment.
Buffer Money should be readily available, such as standing in a bank savings account. Next to the buffer savings account, consider targeting paramilitaries. The goal could be a bicycle, a journey, a sofa, a car or payment due to a house. Or you can save without having a direct target in sight. Targeting If you are competing in the longer term, you may want to consider investing in shares or equity. Historical stocks on the site that yielded the best return. But investors involve some risk, and ideally you should not be in a position to sell when stock prices are low. Short-term or long-term bonds can also be options for long-term savings.
Retirement income or not?
Start saving money for retirement with a paycheck when you are young. Then there will be enough money for so much more. Housing, furniture, pillow for unforeseen expenses. When children want to grow expenses, many want to buy houses and need to save for a down payment date. Some people, however, begin retirement income already small and it is not wrong. The advantage is that you only need to save a few hundred a month until your future pension will increase drastically, you will save it for so many years. On the other hand, it is not too late to begin retirement income later, in middle age. It may be only now, so you can afford to spend the money. After all, retirement savings are a limited savings and you can’t touch money even if you lose your job or get sick.
Choose the right credit
To borrow the total price forever. But the price varies depending on the credit.
For clothing, furniture, sports equipment and other small purchases, a charge, usually in the form of a credit card, is the best option. However, account credits are different, some are relatively inexpensive, while others are very expensive.
A payday loan is relatively cheap. Bank attaches it to payroll and it is triggered when you pay by card or withdraw cash in cash machine even though payroll is completed. When you get the salary you pay the credit automatically.
A payday credit will cost a couple, three hundred dollars on an annual fee, regardless of whether you use credit cards or not.
Get hold of a credit card, it is smart to choose one that applies in all stores. Then you pay some postage, year and fees for an account. Banks are usually reasonable months for this type of credit. For example, the most expensive credit currently belongs to different email accounts.
If you buy a TV, computer or white goods you may be offered a so-called interest-free payment deferment, which can be a good alternative especially when there are slightly larger amounts. An interest free credit is not free because you pay a lookup fee and a fee each month. You must also be aware that the monthly payment when the creditor arrives on time otherwise interest-free payment deferral will automatically switch to a regular credit card account with a high interest rate or you pay a high fine.
The cheapest loans without collateral are normally so-called member loans which members of the union can for example come in Nordea and in the bank. These loans have no special fees, no fees and relatively low monthly rates. Similar loans may also be available at other banks, but conditions are often not as predetermined. It might be worth calling around to a few banks and asking!
The cheapest bank loan requires a guarantee in the form of a villa or tenant. Stocks and funds can also mortgage. How high the interest rate is, you negotiate with the bank on.
The interest rate is not free
The bills must be paid on time, that is, the date specified on the payment card. Note that it may take a few days for the money to reach the recipient.
If you do not pay the rent on time, you can stay. If you have trouble paying bills, do not hesitate to contact the person you received the invoice for, you can pick up a payment plan.
If you have a loan that you cannot pay, contact your bank or credit institution for assistance. If you need advice and help with the finance and debt situation, contact your bank for advice.
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