6 Tips to take control of your personal finances

Image result for personal financesProbably, many times you have difficulty reaching certain financial goals or staying afloat at the end of the fortnight. No, not only that! Sometimes, you even end up without a peso and, even worse, in debt.

These kinds of situations, which make your economy falter, happen without you even noticing and by the time you are aware of it you are already up to your neck.

Because it happens? You see … this is because many times you do not know how to manage your personal finances. Do not panic! It’s just a matter of putting the batteries and starts taking control, so your economy is not so scraped.

Having a healthy pocket can help you in times of crisis or achieve a goal, we give you 6 tips to learn how to manage your finances.

1.-Leave bad habits

1.-Leave bad habits

The first thing you should know to take control of your finances is that you probably have bad financial habits; that is, those bad practices with your expenses that instead of making you win, they leave you the same as always.

To start taking control of your personal finances, you must first identify those bad habits that you have and that, without realizing it, affect you financially. Some of them are:


  • Do not save: I know! How not to enjoy the money that costs you so much to win? It is not about you depriving yourself of everything, rather, about controlling your expenses a little and allocating a percentage of your salary to savings.

Something that usually happens with this bad practice is that you postpone because it seems more appropriate to buy that beautiful cell phone right now and save the next fortnight until you realize that you fell into a vicious circle.


  • Use very large credits: It is another reason why you can drown your personal finances. This happens when you get carried away by emotion without taking into account your ability to pay.

Before you winnow to ask for a credit, better take into account how much you are willing to pay off debts before acquiring one, but above all, what is your ability to pay.

This will help you not to get carried away by the stomach. In the end, your pocket will thank you. You will see!


  • Do not invest: Making money grow by investing a little of your income is something that you are not used to practicing because you do not know what, or how. However, investing some of your money can be very beneficial.

A great way to invest may be to pay for some training or learn a new language.

Think that in this way, instead of just letting the money go away, you can have rewards, how to: get a better position or a better job.


  • Not having a budget: This can even affect the family economy. And it is that when we buy more than what our portfolio can cover per month, it seems easy to buy now and pay later, you borrow or ask for credit and in the end, you end up with ant debts.

It is important to consider your budget, this way it will be easier to control your expenses and not fall into temptation.

Making financial decisions is a great responsibility, as well as everyone’s right.

2.-Advise yourself if you are going to ask for a credit

In Mexico, we have the idea that talking about money is bad or of little education, however, asking for help will never be a wrong idea.

Having the point of view of someone who knows personal finances will help you have a bigger picture about how to manage your money.

Well managing a loan httPs://www.paydaynow.NET/ is part of having a good control of finances. Knowing which one suits you, when to use it and how to use it is the most convenient. This will help you not end up in debt.

Use the credits in your favor and apply only when it is really necessary. Control your expenses and generate a good credit history.

Credits can be like Superman when we are in real trouble, so do not miss your call for help with something you do not need.

3.-Make your mattress

Although it sounds repetitive, that must be one of your goals. Having a guardadito helps you to have an advantage over situations that you can not control, such as illness, dismissal or even if your cousin chose you as their best man. Think that everything can happen!

There is nothing more important than being calm when we talk about money, having a mattress will help you not to be under a cloud of stress when resources are lacking. Better to be warned !.

4.-Open a savings account

Trace technology and research online which financial institution is best suited to your needs and what each one offers you. Compare between them and open a savings account.

By having a savings account you can have more control your expenses and … you know what ? you will almost automatically avoid spending the coins that you have leftover in a sweet or your loose cigar in the afternoon, the cents will be added without your account.

5. Pay the debts

5. Pay the debts

Surely you have accumulated debts, that without realizing you are growing like a snowball.

You start with the lady who sells sweets outside the building where you work, then with the catalog of the office colleague and in the department stores.

It is not that having debts is the worst thing in the world, sometimes they are necessary, the bad thing is not taking care of them, so you have to pay them.

Think that every time you get into debt people put their trust in you and if you fail with the payments, then you will generate distrust.

It is also important that values when it is important to get into debt and how much you can pay to your debts. So you will also learn to be more responsible with your credits.

6.-Learn how to manage your money

Starting to take control of your personal finances may seem as difficult as learning Mandarin Chinese, however, it is easier than cooking rice well. The first step is to inform you.

How? Where? You do not need to qualify as economists to learn how to manage your money well, it is enough to get acquainted with those who know about the subject to advise you.

Whether online or in person, there are institutions that offer personal finance courses, where you can learn to take control of your money, some of them are:

  • Measure
  • Condusef
  • Bansefi
  • Unam

The most important thing is that you stay informed so you can make better decisions before getting carried away by emotions when you are in front of a dresser.

It is also not about taking it to the extreme and depriving yourself of everything, it’s about having a balance between what goes into your pocket and what comes out of it; as well as being alert to those difficult situations that arise.

Put aside the stress and despair and better start taking control of your personal finances, start with small changes and share the information.

The big company puts the brake

The big company puts the brake

The big Spanish companies have put the brakes on abruptly. According to the latest data from the Bank of Spain and the European Central Bank (ECB), the new credit to Spanish companies that bill more than one million euros fell last December more than 16%. A true collapse, without nuances, that could announce problems in the immediate future.

A first objective symptom that the cooling of the world economy, which international markets have anticipated since last summer, is already paralyzing new investments in Spain? The alternative explanation would be that the climate of political uncertainty about the future Spanish government, or the possible convocation of new elections, would have had an immediate dissuasive effect, almost on line. Well, the elections were held at the end of December, at the doors of Christmas, with all the wheat already sold. If there was concern, it would be preventative. However, during the months leading up to 20-D, the demand for new credit was always growing. In September it reached 22%.

In truth, the atmosphere among the heads of the big companies is one of deep political concern. In Madrid there are dinners and private meetings in which possible future situations are discussed and few common points are gathered.

Among the largest of the Ibex 35, the reference index of large companies in the Spanish stock market, a consensus has already been reached in favor of a government pact between the PSOE of Pedro Sánchez and Ciudadanos, which, here is the problem, requires to be viable the abstention of the PP. But the indirect requests of the great ones of the Spanish company are not taken care of by the Moncloa, where a Mariano Rajoy resides who they see politically very clumsy. In fact, after the elections, the wound that the support of these companies gave to the party of Albert Rivera is still alive. This explains in part that both move with extreme caution. From the Business Council for Competitiveness (CEC), headed by César Alierta, the president of Telefónica, and which has already suspended two meetings to avoid public readings and private misunderstandings, even the CEOE, the large employers, which presides over the Catalan Juan Rosell, who maintains a discreet profile, beyond marking distances with Podemos. The most active, among the big lobbies, is the Cercle d’Economia of Anton Costas, who has already expressed his preference for a grand coalition, without making an ugly PSOE-Citizens agreement that does not confront the PP.

Mariano Rajoy with the president of the CEC and of Telefónica, César Alierta
Mariano Rajoy with the president of the CEC and of Telefónica, César Alierta (Emilia Gutiérrez)

Even so, the business elite speaks a little each on its own, but increasingly coincidentally, the need for Rajoy step aside and leave the position to a new leader who can reach pacts from a Popular Party in the opposition with a government of the PSOE actively supported by Citizens.

But the economy circulates on its own, beyond the political compromises, and some days it shows a very disturbing profile. At the moment, the inertia is maintained, especially by the good tone of internal consumption. In fact, in contrast to what happens in the big company, in that same month of December, the new credit to households has grown by 19%, and SMEs up to one million euros have asked for 5.7% more. Something that is explained in part by the creation of jobs during the past year and the effects of the tax rebate of Cristóbal Montoro, the finance minister. But the validity of this trend will be limited if the investment falls.

In fact, in the rest of the euro zone, December was not a month to shoot rockets. If all the new loans (companies and households) are taken into account, the fall in Spain was 12%, in the euro zone growth was registered, but very shy, of 4%, the lowest in more than a year. And in the case of large companies, only 1%.

And all this with the ECB deploying its monetary expansion, with liquidity injections and negative interest rates. So far, with limited results. The data of new credits are understood as the words of Mario Draghi, its president, asking this week to end the austerity policy in the eurozone, by asking Angela Merkel that Germany, and other surplus countries, spend more, financing bridges and roads and raising wages, to generate a demand that in another part of the world, China especially, is evaporating at times.

Austerity, understood as the reduction of public spending to ensure the solvency of a bank in the reckless past, is dead and buried. In the south of the eurozone, from Portugal to Greece through Italy and Spain, political exhaustion is an electorally quantifiable phenomenon. In the center and the north, because if they continue like this they should consider allocating new public resources to support large banks, such as Deutsche Bank, which is also unacceptable. Again, at the crossroads.

Irache receives more than 400 inquiries and complaints about fraud in the search for employment

Irache receives more than 400 inquiries and complaints about fraud in the search for employment

The Association of Consumers Irache has received so far this year more than 400 inquiries and complaints about fraud related to alleged job offers. Some of the scams are promoted through cuts in streetlights or bus stops or ads in the media but it is more usual to see them on websites or through social networks.

As an example, in the case of an offer of employment that has been forwarded to several Irache partners through whatsapp, five replenishment jobs are offered in a food chain and a salary of more than 1,100 euros is ensured. To apply for it, they ask for a photo and a DNI on both sides.

Then they use the information to get loans of up to two thousand euros or to sign contracts in the name of the user, who realizes the scam when the payments demand it.

As explained by Irache in a note, sometimes even an interview in a cafeteria has been produced with a person who has told the characteristics of the job and in which the consumer has provided their personal or banking information.

After a while, and when the consumer tries to contact this person, the telephone number no longer exists and in the postal address there is no company like the one he puts on the card he gave him.

In addition, social networks have made scams with false offers of employment. Some accounts offer work and refer to mobile phone numbers. However, when the user calls, they are reoriented to a new number, this one of additional charge, although these numbers can not be used to make job offers.

If the consumer calls, they ask constant questions, both personal and work, and according to the duration of the call the costs of these conversations have exceeded in some case the forty euros to the consumer.

Along with this, false offers continue to be made on web pages.

Along with this, false offers continue to be made on web pages.

It involves carrying out work that the consumer can carry out at home, such as small advertising items or other manual works, which the company will presumably sell later. The user is asked for money, up to 50 euros, supposedly to order the material with which to make the articles. Once the money has been paid, the user can not contact the company.

Irache has also detected another false job offer consisting of conducting surveys. However, to access the databases for the addresses to which to go, you need to pay 25 euros, a money that the consumer does not recover.

Other times people looking for a job have been used, even for bank fraud or even money laundering. These people have been offered, usually through the Internet, payments of up to 250 euros just by offering their current account to receive a money and then transfer it to another account. In some cases, they have been used in financial crime circuits and even in some cases they have had to account before the courts.

Other people have wanted to access a job offer abroad. In the announcement, data such as the schedule or salary to be received are advanced. With the excuse of administrative and management expenses, such as reserving the position, the plane ticket, processing the situation of the person in the destination country or arranging the rent where the first months will be lodged, we ask that advances be paid up to 160 euros, which will be returned when you sign the employment contract. Once the consumer pays the money, he has no way of contacting the alleged company again.

In addition, as explained Irache, continue to be deceived by companies that promise a job to the user, which is actually a training contract to get a degree or prepare a competitive examination. After convincing the citizen that with the payment he will almost certainly get a job, of which all the benefits count, and after he signs financing of up to 1,800 euros, what comes to his house is nothing more than didactic material or information about course to which you can go.

The association has indicated that in most of the occasions, the training company has everything very controlled and in the contract it is made very clear that it is a training contract and that at no time has a job been guaranteed, despite to that in the interview yes was made see this end. Therefore, even if the refund is claimed, the academy alleges that the contract is being strictly complied with. On some occasion, although it is not usual, the contract is not correct and a lawsuit has been filed against the training company.

ZDF Frontal 21: Car insurance with ordered reports?


As a rule, car insurance should pay for the damage caused by a car accident. But some accident victims have trouble with the insurance of the accident opponent and have to fight for the benefits in court, reports the ZDF magazine Frontal 21. In the process, one appraisal joins the next. The processes are so protracted. Frontal 21 has gone to the bottom of the question as to whether appraisals for legal proceedings are to be drawn up in the interest of its clients, ie in the interest of insurance companies.

Frontal 21: Insurance argue with accident victims

Frontal 21: Insurance argue with accident victims

When settling claims, it’s not just about property damage, but also personal injury. Medical reports should then determine whether health restrictions are a consequence of the traffic accident and the motor insurance has to cover the costs of medical treatment. Especially with high amounts of damage long-term procedures are not uncommon, reported Frontal 21. The goal is that the accident victims give up unnerved, critics say. The insurance industry denies that. But recent court decisions criticize attempts at attrition, delayed claims settlement and petty regulatory behavior of insurance companies.

Frontal 21: Act reviewers in terms of insurance?

Frontal 21: Act reviewers in terms of insurance?

In the specific case, an interested person expresses suspicion to Frontal 21 that the appraisers only rate them unilaterally, even though they are appointed by the court and should be independent. The alliance with which the accident victim argues indicates that the reviewers mentioned do not receive “regular orders for review” from the insurance. Another person complains about insurance-friendly appraisals. In his opinion, the supposedly independent experts are often entangled in a financial network of dependencies.

Legal changes required

Legal changes required

So far, the federal government had no doubts about the independence of the experts in court. But due to the growing criticism, there now seems to be a need for action. The Petitions Committee of the Bundestag has called on the Federal Government to amend the Code of Civil Procedure. Experts should disclose in the future whether they depend economically on insurance companies, reports Frontal 21.

Problems with claim settlement

There may also be problems when taking up property damage. Car insurers rarely send their own employees to assess damage. Instead, you hire freelance reviewers or companies. However, as they work on behalf of the insurance and want to do so in the future, it is suspected that the experts write their reports accordingly benevolent. For example, in some reports, transport costs are omitted or hourly rates are set too low. In this way, victims of motor vehicle accident insurance often get less than they are entitled.

Car insurance: lower damages

Car insurance: lower damages

So it happens that between the opinion of an independent expert and the report of the commissioned by the insurance expert several hundred euros in the assessment of the amount of damage. Hardly an affected person defends itself against these abuses. Sometimes it is enough to get legal assistance to get all necessary repair costs reimbursed. If you want to save yourself from such problems, you should insist on having your own expert from the beginning and not claiming the company-owned expert of the car insurance of the accident opponent.

Stiftung Warentest advises: commission your own expert

Stiftung Warentest advises: commission your own expert

The Stiftung Warentest also points out that many insurers unduly reduce damages – usually between 10 and 20 percent. The experts of the consumer organization advise those affected never to negotiate with the insurance expert. Consumers as lay people have no chance against this. Instead, they should take a lawyer. The costs have to be paid by the opposing insurance company.