- Children’s financial education
Getting children used to being aware of their little financial decisions is the best way to help them develop good financial habits. We will see how to make them aware of the importance of saving and planning their expenses.
- Starting to work
It is a time of new opportunities, but also greater responsibilities. The sooner you take control of your finances, the better chance you have of reaching your goals.
- Buying a car
The car and its demands (insurance, repairs, maintenance, etc.) are often a significant source of expenses. Learn about the alternatives to minimize the impact of the car on your budget.
- Finances as a couple and marriage
When personal finances become “partner” finances, some adjustments may be necessary. To prevent money from becoming a problem, it is essential to identify common goals and find the best way to achieve them.
- Buying a home
Housing is one of the symbols of economic independence. Various factors influence the choice of housing: financial availability, personal preferences, plans …
- Starting a family
When the family grows, it is necessary to give a return to the budget to adjust it to the new reality. Needs increase and important decisions must be made, so learn about all the help options available.
- Planning for retirement
Whatever your age or family situation, planning for retirement should be among your top financial goals.
- If you are unemployed
Job loss is a situation that can happen to anyone throughout their working life. This section looks at some practical questions to help you cope with this period.
- Help dependency
People who need assistance for daily activities, either due to illness, age, or as a result of an accident, have a series of additional economic needs, for which a system of public aid is articulated.
- Talk to your child about money. Teach him the importance of managing it well. Try to instill in him the importance of making systematic saving a part of your life.
From the moment you receive your first salary, take control of your finances, and adapt the lifestyle to your budget.
Independence can be within your reach with a little planning and control. Remember the golden rule: always spend less than what you put in.
If you decide to buy a car, the first thing to do is find out what budget you have. Calculate how much you can afford, the maximum loan amount you can borrow, and its cost. Also take into account all the expenses associated with the vehicle (insurance, gasoline …).
Couple finances require good communication, to reconcile individual and common financial priorities.
Buying a home has a huge impact on the domestic economy: take a good look at the different credit possibilities. If you borrow at a variable rate, do not forget that interest rates (and therefore your monthly payment) will change periodically, for or against. In general, it is necessary to have saved at least 20% of the purchase price to pay for the ticket. If you plan to change your place of residence is less than 5 years, it is probably more advisable to rent.
Many of the things you will need with the arrival of a baby are given by friends and family, so make a list and, if you are confident, ask for those gifts. The Internet is a great help in comparing prices. Do not rule out the option of acquiring some things second hand.
Retirement should always be one of your top financial goals. The earlier you start planning for retirement, the less effort it will cost you. Check out the products available for this purpose and pay attention to the tax advantages that some of them have.