Monthly Archives: August 2019

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Money tips from our grandmothers

They spent their childhood during the war. For almost a lifetime, they only bought and spared or holiday in Yugoslavia. For a few crowns, however, they fed the entire family and there was also a strudel at the Sunday coffee.

After 1989, new opportunities were opened to them at work and shops, and our grandmothers adapted to them. This makes them real financial icons that deserve our respect.

Therefore, read 5 tips for each of them:

Think of the backdoor

When your grandmother gives you a hundred and warns you to put it in your piggy bank, listen to it. Your piggy bank should contain a lot more. With sufficient financial reserve, you will not be surprised by any unexpected expenses .

Be careful with loans

Grannies are the first to discourage you from borrowing. According to them, you just did not think enough about the back door. You will only soften them when you take the loan for the necessary thing and check the provider well. But do not forget to stress that you never have more than one loan at the same time.

Be patient and spend your time wisely

Do you want a new cell phone because the old one is tired of you? So save it! Grannies have no understanding of wasting things and not at all if you want to borrow money for news . If you really want a new device, save or wait until your paycheck.

Save where you can

A good housewife for a feather jumps over the fence. But you don’t have to jump anywhere. You just need to buy energy-saving light bulbs or plan weekly food purchases. Grandmother will also have no understanding of buying coffee in a cup when you can make your own at home.

Make your dreams come true

Although they often chant their grandsons, they want the best for them. Most of the time they couldn’t travel and start a business themselves, but all the more they would support you in your dreams. For example, well-intentioned advice on where to get the money for all those plans.

So when you gather experience in Australia or travel around Asia, don’t forget to send your grandma a look!

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Fixed Term Deposits: What to do to get more interest for our money?

Term deposits are an easy and quick tool to obtain, which will help you increase your savings, so if you have not opted for them yet, it is time to evaluate this possibility.

Savings do not increase and over time

If you have a certain amount of money stored under the mattress or in your piggy bank, you are not only vulnerable to any situation of theft, but the money is losing its value, as it does not generate interest. That is, while all prices go up, your savings do not increase and over time, they will no longer be able to buy the same as before.

On the other hand, if you have the cash in a savings account, you are sure and it is generating profitability, but not as much as if it were in a DPF, because the difference between both accounts is considerable.

Term deposit

So, if you don’t plan to use that money in the near future and want it to grow faster, it’s time to look for a term deposit. To get the most out of them, consider the following:

– It is necessary to be sure not to use the money in a reasonable period of time, since the longer the term you leave it in the financial institution, the more interest you will raise. In addition, the main requirement of a DPF is that money cannot be used before the deadline is met.

– Remember that each entity has different minimum amounts, so it is something that yes or yes you have to verify before opening one.

Look for a higher interest rate

To look for a higher interest rate, look not only at classic options such as large banks, but also at rural, municipal and financial savings banks. The difference between one entity and the other can be more than one percentage point, which would greatly increase the interest you will charge.

The options to request a DPF are many and it is not always more convenient to go with a bank or entity where you already have an account. The recommendation is that before opening your deposit in installments, compare the alternatives and for that, you can use Sean Cole. In minutes you will check what are the available options and simulate how much you would receive interest in each one.

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3 elements that are helpful when obtaining a car loan

Although car loans have slowed in the last year, there are still many people looking to buy a car for different purposes. The brands present different offers, financing options, gifts, etc., to attract more and more customers, but many of them are surprised that the credit is not approved.

Obtain a car loan 

Each entity has different requirements to request this type of financing, but it is not just about them. The truth is that, meeting the requirements does not necessarily guarantee that you will get the loan, because in the end it is the bank that must assess how risky it thinks you are. Therefore, if you want to improve your image before financial institutions, these are three elements that will play in your favor:

Not having a large debt with your credit card

If you have one or more credit cards, it is more than advisable that you do not use much of your credit line, that is, that the debt is not considerable, otherwise it will be affecting your ability to pay.

Have a considerable seniority in your work

The more time you have in your work, you provide an image of stability, as you are less likely to decide to quit. Some entities ask for at least six months for dependent workers, but if you have more time, it may be a point in favor.

Properly support your income

If you have the documents in order and can support the income of your last months, either from your salary or additional, you will be facilitating the bank to carry out the evaluation, in addition to demonstrating that you are able to pay what you borrow.

Remember, in addition, that each entity not only has different requirements, but also different interest rates and particular benefits. To ensure a proper choice, it is recommended that you have at least three options. If you are looking for alternatives, use Dorothy’s auto credit comparator.