In 2014, bring seriousness to your financial situation

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Well, we all know that New Year’s resolutions lead more often than not to failure. They are not very often realistic and seek to change behaviors that are often not-so-harmful. That being said, why not take advantage of 2014 to make a reasonable and serious commitment to your finances? While visiting the gym more often this year will certainly do you good, taking back control of your expenses will allow you to pay for your pass for this one! It goes without saying that it is not so easy as a simple resolution. Getting back on top of your debts and expenses requires a commitment. You need to develop a strategy and put it in place. You have to save every penny you can.

Stop compulsive shopping

Supermarkets know your habits; magazines, batteries, gum and all sorts of useless little purchases are placed at the exit to encourage you to leave a few more dollars in their boxes – and not in yours. These purchases may cost just a few dollars each, but they have the power to undo your budget if you’re not careful. No matter the product, compulsive shopping blocks the road to a healthy budget and financial life.

It’s time to discipline yourself. Plan a limit in your budget for your meals at restaurants, personal expenses and to put gas in your car: $ 100 per pay period, for example, will force you to make a choice between your dinner at the local restaurant or the review with your favorite actress on the first page. This kind of choice will inevitably lead you to better evaluate how you spend every dollar you earn.

End bad habits

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You have certainly realized that all the “good” bad habits are expensive: the cigarette, the wine, the game … This kind of habit can quickly annihilate all your good progress towards a balanced fiscal life. With this reality in mind, why not combine your resolutions and straighten your budget by undoing an unhealthy habit? If, for example, you stop smoking and you take the money you spend on your cigarettes and put it in a savings account, the success of real savings and improved health will give you twice as much money. satisfaction and strengthen your sense of accomplishment.

 

Overpay your mortgage

Once you have all these great habits in place and you start to accumulate a great savings, you might be tempted to take advantage of that money to celebrate your success with some sort of outing or entertainment. Remember, before celebrating in your favorite five-star restaurant, only one party can erase all your good work and force you to start from scratch.

It may not be as appealing as a gourmet meal, or as entertaining as your favorite artist’s next concert, if you apply your savings to one of your existing accounts (such as a debt still unpaid, or, yes, your mortgage), you will be able to grow that sense of accomplishment that you feel by staying true to your financial responsibility resolution. In addition, overpaying your mortgage can reduce your long-term interest costs by thousands of dollars and can also reduce the total mortgage term dramatically.

10 Things To Stop Buying Now

Related imageThe human being has in his nature the desire to want something as soon as he sees a store. Whether it’s a freshly baked muffin, new clothes from a retail store or even a Chapters book. The purchase and use of objects are part of life. That being said, there is, or at least there should be, a limit to the amount you spend on useless items. As mentioned over and over again, staying within your budget is essential to maintaining financial stability and achieving your goals. Yet, it is rare that people listen to this advice and respect their budget.

In our opinion, reducing unnecessary expenses is one of the best ways to help you meet your budget. To help and inspire you, here are 10 things we believe you should stop spending your hard-earned money on.

Parking

If you work in downtown or elsewhere and you need to pay for parking every day, you may want to consider a cheaper alternative. In most major cities, you can expect to pay 3 # or more per hour to park in the street, otherwise about $ 12 in a parking lot for the whole day. Parking, after five days, can cost up to $ 60 a week, $ 240 a month, and $ 2,880 a year, assuming you work all year. Spending almost $ 3,000 for parking each year is absurd and not worth it. Would not you prefer to go to Mexico for a week in an all inclusive with your spouse or in Las Vegas for a weekend with friends? If so, take public transit to school or work. It can take the same or less time to get there and it’s even better for the environment. In addition to that, you will reduce your chances of parking tickets, which can add up quickly. With less gas emissions, less wasted money for parking, and more money in your pocket, parking is an easy expense to eliminate from your life.

Smart phone data

Smart phones are great, they allow us to stay in touch with our friends, our family and even work at all times. On the other hand, if you are looking to reduce your bills, you may want to consider how much you are willing to pay for your needs. It’s likely that you all need a phone, but do we need all this data?

Adding data to your plan will probably cost you an extra $ 30 per month, or $ 360 more per year for internet access. Think about the amount you already pay for the internet at home.

Considering that there is WIFI almost everywhere, is the extra data really necessary? Unless your job requires you to have access to the internet 24 hours a day, which is rare, saving $ 360 a year and waiting for free WIFI in the office or at home is well worth it. Plus, do you really want to be able to read your work emails everywhere? Would not it be nice to leave work at work?

Bottled water

Buying a water bottle is a serious waste of money, especially if you are used to it. We understand that it is sometimes necessary to buy a bottle of water, however, if you still buy bottled water, never make an effort to fill a reusable bottle and you have trouble saving, you absolutely must rethink it. Breaking the habit of bottled water can be annoying, but if you can save hundreds of dollars a year just by switching to a reusable water bottle, why not do it?

Gym subscriptions

Depending on the importance of being in shape for you, going to the gym can be expensive, especially if you do not go as often as you expect. We all want to go to the gym as often as possible, but sometimes life stops us there. Why spend hundreds of dollars a year when you can train outside, with almost all the same exercises?

Why not jog in a nearby park and breathe fresh air rather than running on a treadmill in a smelly gym? Tours can also be done outside and you can even create a training schedule with friends, so they will not need to go to the gym and will be able to train with you.

ATM fees

Using an automated teller machine, which is not associated with your bank, to withdraw money can cost users a relatively large amount of money over time. Usually, the machine charges about $ 3 to withdraw the money, and your bank can also add its own fees for using an ATM that is not its own.

Spending this money every time you need to withdraw money is a total waste.

Make sure to go to vote bank and withdraw money there. So, if the ATM is not represented by your bank, do not use it. If there are no convenient ATM options in your area, consider moving to a more accessible bank.

Late fee

Similar to ATM fees, late fees are also a great loss of money. Making a late payment on your credit card, subscription service or utility bill will result in late fees. We are all human, and sometimes make mistakes, so paying these late fees on occasion is acceptable. On the other hand, if you find yourself paying these late fees regularly, consider setting up automatic payments online, so that your payments are made before they are due. This will ensure you do not pay late fees and will help you save money and keep your budget.

Eat out

Grocery shopping is one of the best ways to avoid wasting too much money at the restaurant. Not only does buying fresh fruits and vegetables at the grocery store cost less than going to the restaurant every day, but it’s also a lot healthier. From time to time, it is good to take a break from cooking, but it is also a good idea to get in the habit of preparing meals yourself for work and plan your meals of the week. Both of these are essential for a healthy financial and physical life.

Cheap clothing

When summer comes, you can find all sorts of excuses for shopping and buying new summer clothes. If you are currently in this situation, we recommend buying quality clothes that fit you well and that will last a few years. Jumping on occasions and buying compulsively will likely result in your new clothes being punctured or not doing well by the end of the season. Quality versus quantity is an important aspect to consider when shopping because you will save money in the long run. So, this season, buy fewer items but at a better quality for the same price.

Rubber

As ridiculous as it sounds, you’d be surprised how much money you can save on the gum. First, depending on how often you buy the eraser and the type you buy, the amount adds up quickly and you do not even realize it. Each pack of gum you buy costs around $ 1.20. Assuming you buy a package a week, that’s $ 60 per year without taxes. In addition to saving that amount of money, you will save on your teeth because some brands of gums contain a large amount of sugar. Anyway, when was the last time you took out a pack of rubbers without giving half to the people around you? Considering this fact, we can assume that we buy close to 2 packs of gums a week, totaling $ 120 a year.

The cable

Our generation spends a lot of time in front of the screens. Whether it’s a computer or a cell phone screen, people always seem connected. After spending the whole day working or studying in front of screens, once inside, we should not sit in front of the television and watch programs until we fall asleep. The cable can cost between $ 80 and $ 100 a month, up to $ 1,200 a year, depending on the package. With the ability to watch online videos or pay for Netflix (a cheaper alternative costing about $ 10 a month), paying for the cable adds no value to your life and should not be a necessity.

Who must pay back the credit card of a deceased?

Image result for deceasedIf your parents or in-laws are severely in debt, be prepared, because it will be up to you to pay off their debts as a result of their deaths. In fact, you will have to pay their debts only if you consent. The anxiety is normal; many children are worried about the finances of their parents. In addition, with an increasingly aging population, this concern no longer concerns only children, but also creditors. Below, you will find all the necessary information regarding the debts and their payment following the death of a close member.

The legacy of debt

What happens with the debt after the death of the person? The answer will depend on a number of factors. For example, everything depends on whether the personal assets of the deceased allow the payment of the debt. Also, it depends to whom the deceased was indebted. Although the legislation covers this problem a bit, most credit companies have their own rules.

Usually, the creditors will try to recover the debt through the personal assets or property of the deceased. In case of failure, they can turn to the children or relatives of the person. In case of solidarity debt, it is the person who has remained alive who will have to pay the entire debt.

When two persons are jointly and severally liable to a creditor, both are also liable for the debt and its payment. If one person dies, the other becomes responsible for the entire debt.

Credit Card and Insurance

In some cases, you can use your insurance to pay off the remaining debts. You can consult the creditor and see if he and the deceased had some sort of insurance for that kind of situation.

Make sure your situation is covered by the insurance plan you choose. Hard to believe, but it’s not just because you pay for this insurance that it will apply when the need arises.

Very often, clients will pay for different types of insurance, but once they die, their children or relatives will not be able to use it to pay the debts. One of the main reasons is the age at which the person died. Pay attention to that!

Sometimes, insurance companies will notify their clients that they are paying for coverage that does not even apply to them. Customers will be billed monthly for this coverage, but if in fact it is of no use to them.

Bad debt

A debt is considered uncollectible when there is no money in the estate to pay it or when the debt was solely in the name of the deceased.

In such a case, it is better to be very organized. Thus, when the creditor contacts you, you will have the necessary documents to demonstrate the absence of funds in the estate. However, it is suggested that you consult a specialist before contacting the creditor.

Will and debts

As you know, the will determines in some ways the future of the deceased’s finances. However, note that wills distribute assets, not debts. But these assets can be allocated only after the payment of all debts. Ideally, it is hoped that the wealth will be rich enough to pay off all debts. If this is not the case, goods may be sold to make up for the missing amount. Once this is done, the remaining wealth is divided among the heirs.

Be very careful if a creditor contacts you to collect the debts. If you think you are not responsible for this debt, ask for a copy of your signature on the loan agreement. If you pay for a debt, this is seen as a consent; as if you admit to having been a debtor. That’s why we recommend you consult a specialist before.

Take care of yourself and know your rights

Always keep in mind: you are only responsible for paying off a debt if your signature is on the loan agreement. Without consent, no one can send you their debts. Debt is an individual burden, except in the case where someone decides to take on someone else’s burden. Have all the documents, be organized, know your rights and, if necessary, contact a specialist.

 

Requirements to extend a loan

Have you applied for a loan with Zaplo and need to extend your credit? If this is the case and you need to extend a credit in Zaplo, we make it easy for you , you do not have anything else to do the following steps:

  1. Minimum extension of € 100: When you are requesting an increase in the amount of your loan, you must have a minimum of 100 euros of credit available.
  2. Having paid a fee : In order to request an extension of your loan, you must have paid at least one fee . In addition, the expiration date of said fee must have expired, in case you have paid in advance.

Maybe you are interested: Can I request an extension in the payment of my Zaplo loan?

How much money can we request when expanding a loan in Zaplo?

Once you meet the two previous requirements to extend a loan in Zaplo, the important thing is to know if it is the first loan with Zaplo or not , since it will depend on whether you can apply for a larger or smaller amount.

In this sense, if it is your first loan with Zaplo, the maximum credit you have available is € 800. Therefore, the extension of your loan can be made up to that limit. If, for example, you applied for a loan of € 500, you can increase your loan by another 300.

If on the other hand, if you have already applied for loans with Zaplo and you want to increase the current one, the limit increases to € 2,500 . Therefore, assuming that your limit is 2,500 and you have applied for a loan of 1,500, you can increase it by 1,000 more.

Regarding the credit extension we remind you that there are 2 options:

  • Increase the number of installments your loan had
  • Increase the amount of money of each installment of the credit

As you can see, extending your credit with Zaplo is very easy. If you meet the requirements that we propose, you can increase your loan in a very simple and fast way.

Maybe you’re interested: Repaying a loan with Zaplo How do I do it?

Refinance microprestamos Finance micro-loans

 

 

The refinancing of micro loans is something that can occur with some frequency in financing. I say that it can occur frequently for the simple reason that it is what finally happens in many cases.

Why is it necessary to refinance the micro loans so many times?

It’s because of the type of loan that customers are signing here.

Do not make mistakes or misunderstand me, in refinanciacion-deudas.es we are the first to defend the use of microloans responsibly.

The problem is that of those people who only process this financing because it is easy to obtain it, and not having the return of the operation clear.

You have to be clear about several things, the main one is the fact that micro loans are one of the quick loans with the highest rate of defaults.

It is due first to the short term to make the return and above all due to the ease with which they are obtained.

Being fast money credits are many people who process them even if they have no intention of returning because they do not want / can.

The advantage of minicréditos therefore also becomes its defect in case the operation ends badly.

If the operation goes well all are advantages, not on the contrary when it ends unpaid.

For this reason, it is usual to see how customers want to refinance loans through the entity.

Refinancing micro loans, how is it done?

It is not really complicated because the online financial companies that offer them knowing in advance the probability of this happening enable this option by default.

These financiers call it “extension of term” and it basically consists of extending the term of the credits so that those who see will not be able to return it within the period indicated have a second chance.

The problem with this “refinancing of loans” is that the term given to the clients is not much higher either.

The usual thing is to give a maximum of 15 days so that the client can update their credit by canceling it when the time comes.

That’s why talking about a refinance of microcredits is not 100% real either, since here we only get a small term increase.

In any case, it is as close as we can get to refinancing since, as a general rule, it is not easy to refinance debts with online financial companies.

It is not among many reasons because companies know that being small debts even if they end unpaid in the end will be charged.

It is one thing to have unpaid debts for high amounts and another to have it for small amounts.

And we all know or should know that the amounts in micro loans do not usually exceed € 1000 in the form of credit.

Something that we will discover as we learn about how the financial sector works since the higher the amounts the easier it is to refinance.

The loans of small amount are the most complicated, on the other hand those of medium and high are much simpler.

 

Crowdlending and its main features – Immediate loans

Crowdlending and its main features

Crowdlending y sus principales características 300x200 It is almost a fact that on more than one occasion you have heard about the Crowdlendig, but in reality you do not know what it is about, so today we will know a little more about this term that is very important in the world of credits instantly, since it is the dilemma of granting or not an immediate loan without paperwork to the people or on the contrary reject it.

This is because for several years now that decision will also depend on the Internet, although it seems strange it has come to revolutionize the collective finances of companies, and for this there are a lot of online crowdfunding platforms on the web and the variant that in this case is the crowdlending, since they are alternatives that have been generated as one of the best bank credit.

So in general terms it is a platform that has its space on the Internet, in which when a person requests financing, especially autonomous people or SMEs, a group of people can grant the credit, but always in exchange for interest.

Difference between Crowdlending and Crowdfunding

Surely you are wondering then what is the difference between the Crowdlending and the Crowdfunding, since although they are practically very similar if they work for different purposes, such as an immediate loan without paperwork or a new credit. For example, Crowdfunding is one whose main mission is to finance new business projects , which can be implemented by SMEs, emerging companies or also known as startups, since they are companies that have great potential in the growth and that due to its main characteristics has a high risk at the time of its investment, it is precisely for this reason that they are outside traditional bank financing, since they prefer not to invest in them.

On the other hand, crowd-funding is one of the models that works very similar to loans, that is to say that a company, SME or an individual person, consumer can return everything invested by the lenders that in this case are the investors in a period of time that is agreed in advance, with the difference that they must pay an interest rate that is also fixed. That is to say that all those who are part of that platform are investors who by the simple fact of placing their money in some type of business can obtain a return through interest, just as it works with traditional banks.

That is to say that with the crowdlending any individual or company can request an amount of money to buy any type of product such as a house, a car or what you need for investment in your business and be able to pay it through installments, as if it is of an immediate loan without paperwork , with the great difference that it is requesting from a company that can be considered as an intermediary and that the interest that must be paid can vary depending on the investor that is the one that places the money.

The legality and inconveniences of crowdlending

Surely you are wondering if the crowdlendig has problems, and the reality is that if as in any other financial institution, since some of the most important platforms require users to have opening, return, portfolio management, non-payment, revocation of payment orders, insufficient balance, among others. Therefore, a crowdlending institution is not as good as it seems.

Support based on the Law for the Promotion of Business Financing

Now to the question whether this type of platforms are really legal in Spain, the answer is yes, since they have been regulated by the Law on the Promotion of Business Financing, so users are also protected from abuses in that sense, since the law indicates that the administrators of the platforms should not have any kind of problem or open trial in the courts, since they must be very strong organizations.

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What you should know about loans for workers of the Ministry of Health

We are in December and the Christmas presents, the exchanges, the New Year’s Eve dinner, the next Kings Day celebration among all the important dates that we like to celebrate for Mexican culture require economic investments, some stronger than others but always the financial resource becomes necessary.

Image result for know your rightsFor this, the loans for workers of the Ministry of Health are your best option. Do you already know your rights as a state worker ? es One of the benefits that corresponds to you right is the bonus, however, for these dates it may be that you have already spent it or if you still do not get to that, maybe you already have it distributed in your mind and at the moment whoever receives it will start to use it to buy things, pay debts or simply to spend it, which is a fact is that in a few days you will not see even a peso of your bonus.

Faced with this situation, applying for a loan can be a good option. Which loan suits you? If you are a government worker surely in the first thing you think to hear “loans for workers of the Ministry of Health ” are those credits that grant you to acquire a new home or to remodel where you currently reside. You could also think about the savings funds that are carried out within these organizations, however, there is a much more interesting and functional type of loan.

What is the type of credit that responds to the needs of the workers of the Ministry of Health? Those that we grant in Credifiel to government workers through the agreements we have with the different government institutions. Some of the benefits that you have when applying for one of these credits are:

  • Discounts via direct debit or via payroll, you can choose the one you prefer and the one that best suits your needs. Remember that domiciliar your payments can get you out of many troubles and avoid forgetfulness derived in delays.
  • Short credit deadlines and ideal to meet more than one goal, so soon you can finish paying a loan and you can start enjoying another to re-invest and continue to grow your wealth.

· The interest rate is fixed and the periodicity of payment you can choose it, in this way the credit can be adapted to you and your needs, in addition, you will not end up paying double or more of the amount requested at the beginning.

In addition, the requirements to obtain one of the loans for workers of the Ministry of Health are minimal! The first one you already have: being a government worker. If you meet this requirement, then you only need:

  • Be over 18 and have less than 70
  • Have a minimum working age of one year within a government agency
  • Prepare the credit application
  • Have the following documents:
  • Current official identification
  • Proof of current address
  • Proof of income
  • Account status

If you meet all these requirements and also need extra money so that the holidays do not end in January and the dreams of the family can continue to grow and be fulfilled throughout the year, then contact us to start the application immediately.

Credits for government employees help you realize many of your New Year’s resolutions:

· Improve the house: Maybe you just need to make small adjustments or changes such as some broken glass but maybe in the modifications and arrangements you should do other things such as waterproofing, painting, repairing a wall or changing furniture. If this is one of the purposes that you have been leaving “for later” for years, this time you can achieve it.

· Download “a few extra kilos”: Yes, it is true that for this type of purpose you can also use a part of your credit. While it is necessary to have willpower and carry out a series of actions that influence your diet, investing in your health and your physical well-being is also important. For example, you can buy a bicycle that motivates you to go out to shoot in the park or, pay for some months of an activity that you would like to do, such as yoga or a martial art.

· Change the family car: Have you repaired the car too many times? Maybe the mileage and the conditions of the car are no longer optimal for a long trip and take a good vacation with the family, reasons why you need to make an urgent change but still waiting for the opportunity to come. Better make the opportunity happen and take advantage of the loan you have available to give the hook of your new car.

· “This year I am going to write my house”: Stop worrying about these legal issues and better invest your credit to write your house or the land that you have managed to buy with so much effort. Remember that your estate is at risk if you have not done this process yet, for this reason it is better to hurry and dedicate a part of your loan for this purpose. 2018 is a good opportunity to feel safe and protect your family.

What are some other of your purposes? Through loans for federal government employees and all the advantages you have to be one of them you can make them real. Just come to us and tell us which is the government unit where you work and we will begin to make the request.

If for lack of money you have lost opportunities, maybe you still have time to recover them since the loans we give you give you the possibility of having the money in 48 hours. At Credifiel we have financial products specially designed for you and your family’s happiness, through direct debit or payroll, make your payments and rest assured that your money will be 100% in your hands.

How to overcome the September slope and start a thrifty autumn

The end of summer is approaching and the return to school is already behind the corner. Have you overstepped spending money this holiday? The dreaded September cost is about to arrive and it is possible that your personal finances will tremble just thinking about it. Luckily, we can help you.

Today we will review in our blog some guidelines to successfully overcome the September slope and start a thrifty autumn.

Five tips to survive the September cost

  1. The budget for what I love you.

We can not solve a problem if we do not know it in depth. We will start from a budget of income and expenses that allows us to assess what is the initial situation of our domestic economy and how we can optimize it.

The budget is the only tool we have available to know what will be the outflows of money that we will face in the coming weeks.

  1. Goodbye ant expenses.

We’ve talked a lot on the blog about how dangerous ant expenses are. We do not give importance to them because they seem insignificant but if we add them all we would find ourselves with a lot of money that month to month we throw to the garbage.

The beer at the bar after work, the machine cafes in the office and the restaurant’s daily menu will only make the September slope steeper. Limit them. Try to take the coffee from home in a thermos, avoid beer and join the fashion of eating in Tupperware .

  1. Beware of online purchases.

Almost certainly, our expenses will be lower if we make purchases online. Most of the products used in any home are on Amazon at a lower price than most physical stores offer. You have to take advantage of this situation and save by buying online.

However, we also have to be careful and avoid unnecessary purchases that we would not make in a conventional store. The fact that anything is only two mouse clicks from us can make us a compulsive digital shopper.

  1. Take advantage of the sales.

If you have to renew the wardrobe, do it when the sales come . Prepare a list of the clothes you need and go buy them when the sales season starts.

The secret to saving on rebates is simple: do not buy anything that does not appear on the list, however tempting the 80% discount may be. The problem is that most people go through and end up buying some shoes, a tie or a dress they did not plan to buy. Do not fall in the trap.

  1. Use the car less.

We are not aware of the pile of money we spend after a year in the car. Our advice is that, whenever possible, you go to public transport, cheaper and much less polluting. And if we go a little further, why not go to work by bike? You will be clear in the office and with much clearer ideas.

In theory, putting these simple tips into practice you should be able to reduce your expenses a minimum of 200 euros per month. If you also check the contracted rates of electricity, telephone or internet, you control your debts and hilas very fine with the expenses of the return to school, the slope of September will become a slide.

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How to request another loan online

Requesting loans online is an increasingly common activity, both among individuals and SMEs . If you are reading this post, you are sure to be aware of the services we offer at Zaplo . Therefore, today we want to inform you about how to request a loan online with us .

To request a second credit online there are two options, you can extend the current credit (in the case of still have limit available) or pay the first and request a new one.

How to extend your personal loan?

If you already have a loan with Zaplo and you have an urgent need for liquid money , you can request an extension of the loan already requested . For this, it is necessary to have paid at least one fee of the current loan.

You can request an extension of your personal loan only until you reach the established credit limit . So, if what you want to expand is your first loan with Zaplo, you will have up to € 800 maximum . If, on the other hand, you have already requested more credits with us, this amount increases to 2,500 euros . Therefore, 800 or 2,500 euros will be the top of the current credit sum plus the extension.

Maybe you’re interested | Why order a personal loan online to Zaplo?

How to request a second loan online at Zaplo?

Another option to apply for a second loan at Zaplo is to rescind your current online loan and request another one. This way you will not only make sure of N, but you will also enjoy the advantages we offer in Zaplo to our customers. For example, you can request a larger amount than at the first time.

As you can see, you can not overlap two credits in Zaplo , however, you can extend an existing one or pay the first one and you can have access to a new loan with the advantage that you can increase the amount borrowed. The choice will depend on your economic and personal situation , although we always recommend that you finish the current one and ask for another one later.

5 budget cuts to avoid at all costs

Image result for debtSince the economic crisis of 2008, many thousands of Canadians and Quebeckers have had to tighten their belts. When times are tough, it is wise to review your budget and determine which of your expenses are needed and which can be cut. That said, there are some expenses that should simply never be cut. It is even possible that by cutting these expenses, you are making things worse for your situation, as well as that of your family. These are cuts that could affect your health and put you in an even more critical financial situation than you are currently in. In order to save you from having to discover these errors by yourself, here they are:

Your pension and retirement contributions

In times of economic uncertainty, it may seem tempting to cut your pension contributions or pension funds. You are going to tell yourself that this is only a temporary measure and that you can make up for the deficit when your economic situation is recovering. Unfortunately, things are rarely so simple. Every year, we encounter unexpected obstacles and expenses. If you put in the habit of cutting your pension contributions when your economic situation becomes difficult, you will have to face a retirement that is even more difficult. Do not hurt your long-term prosperity to catch up with you immediately.

Your debt payments

Another temptation might be to cut your debt payments; your minimum credit card payments may seem easy to cut and may represent a significant amount of your monthly budget, but between the interest penalties and the deleterious effect that missed payments may have on your credit rating, such cut can only worsen an already precarious financial situation. Even in difficult times, your debt payments must remain a priority. Getting rid of your debt is after all one of the best ways to improve your situation!

Your home and auto insurance policies

Your monthly insurance payments can seem overwhelming when you try to reduce your expenses. Do not be tempted! An accident or a disaster quickly arrived; in such a situation your insurance policies are your best protections against financial ruin and overwhelming debt. The peace of mind that these alone provide you is worth the price and will allow you to face an already difficult situation with a few less worries. In any case, it is illegal to drive without insurance!

Your healthy diet and your gym costs

Let’s be clear: health, healthy eating, quality food … These are not luxuries. Cutting these expenses can be detrimental to your health and the health of your family; you risk not only unnecessarily depriving yourself of years and quality of life, but you also risk increasing your long-term medical costs and harming your income by limiting the number of working days of the year or you are healthy.

Your medical and dental insurance policies

Like food and gym costs, cuts like this can have a significant impact on your health and that of your family. While, yes, your financial situation is important, your health and your family are more important. There is no point in balancing your budget if this accomplishment harms your health and your future. Just like the forms of insurance mentioned above, these also provide you with a peace of mind that is worth its weight in gold.