Archive October 17, 2019

Additional savings or expense?

Collective purchases are the fever of the moment! Several branch sites offer discounts of up to 80% for a wide variety of services: from trips to vouchers for entertainment activities to dining.

However, not always acquiring coupons ensures that you are doing a good deal. But knowing how to research and buy what you need does not generate additional expenses. Therefore, it is important to ponder each choice, after all, money does not fall from the sky.

Wondering when collective purchases can be an expense or an economy.

Offers to catch the consumer

Offers to catch the consumer

The collective purchasing market acts primarily in the face of consumer momentum. It is expected that the person, marveling at the discount offered, buys a product or service within the few hours of that offer. There is not much time to plan as coupons are usually only available for a few hours.

When the collective purchase is an unnecessary expense

When the collective purchase is an unnecessary expense

The strategies of these sites to lure the consumer are numerous and old known. Attracted by the offers and huge discounts, people end up buying products and services they did not need and may end up compromising their financial planning.

Offers of clothing, accessories, beauty services, massages, meals, travel, products of the most diverse, with discounts that reach up to 90% may seem an advantage both at first glance. But you may end up spending more than you can in willingness to avail these offers. So before you click on buy, think about whether that spending is a boost and whether that purchase fits into your budget. You need to know how to resist what your personal spending spreadsheet does, even if you’re ignoring a huge discount.

Seize the opportunities

Seize the opportunities

On the other hand, if the purchase of that item is included in your plans, the discounts offered may be really attractive and you can take advantage of them. But you need to know the difference between momentum and opportunity. And here, financial planning can help you know what the difference is.

With personal accounts organized, you are able to distinguish what fits and fits in your budget. Planning your expenses in the medium and long term helps you take advantage of the offers that are available. Collective shopping sites can even offer a wall painting at 50% discount. And, if you plan to paint your house, it may be a great opportunity to save money.

At the time of purchase, consider what the purchase implies. If you buy the coupon to go to a restaurant, for example, remember that often the drink is not included and there is a 10% payment for the waiter, not to mention travel and parking expenses. In the end, it may be that the amount paid is not so cheap.

In addition, it is very important to compare prices, to know if the offer is really below and if what is offered has quality.

Lastly, keep an eye on the validity of your coupons!

Know when to spend

Know when to spend

You must know how to use collective purchases in your favor. Aware of the strategies to boost consumption, you can analyze more sparingly and see if that purchase would be a boost or an opportunity. The habit of planning your financial life can help you to distinguish between one and another and not get in trouble because of so many unmissable discounts.


The state loan fund for education

Here is some good information on the state’s Education Loan Fund, which you may find useful.

First, let’s start with interest rates and interest rates

interest rate

You should first of all know that you can choose between floating and fixed interest rates from the Loan Fund. This interest rate on floating loans is determined on the basis of a selection of government certificates with the remaining duration from 0 to 3 months.

In addition, there is one percent of partial coverage of administrative costs and losses. The interest rate is fixed for one quarter at a time, on the basis of three months’ observation of the government certificates. The average interest rate on the government certificates in the first quarter determines the interest rate in the Loan Fund for the third quarter, the average interest rate in the second quarter determines the interest rate in the Loan Fund for the fourth quarter, etc.

The interest rate on fixed-rate loans, with a duration of three and five years, is determined on the basis of the interest rate on government bonds with a duration of three / five years.

You can also plus about 1 percent to partially cover administrative costs and losses

student loan

This interest rate is then fixed for one quarter at a time, on the basis of one month’s observation of the government bond yields. There is one month between the observation and effect period. Finally, the interest rate in January is determined by the average government bond rate in November.

Fixed rate or floating rate on loans?

Should you choose fixed rate or floating rate on your loan? Many people wonder about this every year. Here are some thoughts on this.
In relation to the loan rate, you basically have two options. You can choose either a fixed rate or a floating rate.

Fixed rate on loans

Fixed rate on loans

With a fixed interest rate, you are certain that the interest rate will remain the same throughout the loan term. On the road there is no danger that you suddenly have to pay a higher monthly repayment. The fixed interest rate gives you greater security and greater security if your financial situation does not allow for interest rate increases.

The disadvantage is that with a fixed interest rate you will have to pay more for the loan when it comes to a period of up to 10 years. The fixed interest rate is thus generally higher than variable.

Floating interest rate on loans:


For many, the main advantage of floating interest rates is that they will have a lower interest rate if interest rates move down.

With so-called floating interest rates, this means that you have a variable interest rate. This means that the interest rate is adjusted to market rent, either once a year, once every three years or once every five years.

You should consider whether your daily finances are safe enough to cope with the fact that the monthly payments on your loan can increase.

Floating interest rates on your loan


Another benefit of choosing floating interest rates on your loan is that these have historically been cheaper than choosing a fixed interest rate loan – if you look at it in the long term.

On the other hand, if you choose a variable interest rate, you have the option of setting an interest rate peak that guarantees that the interest rate – and thus your monthly payment on the loan does not exceed a certain amount.
Want to read more about fixed and floating interest rates?

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The future of business credit is increasingly Eury. It is the leader in Italy, there is an almost unexplored world, linked to credit or finance, or “the set of financial instruments, practices and technologies used to optimize capital circulating and liquidity of all the operators involved in the production chain. “In Italy, this market is worth 559 billion euros, but it served only 26%: which means that 74%, or 413 billion, is still available for the business financing.

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And in Italy, there is a lot of ferment, between changing norms and startups that are born, at least according to a recent research by the Observatory of the School of Management of the Milan University . “The research highlights a radical change in the speed of development of the credit in Italy – explains Stefano Ronchi, Scientific Manager of the Observatory – a development that, more than in numbers, is revealed in the birth of new solutions, in the regulatory changes that enable its adoption, in the overpowering entrance of new players and startups, while the technologies that are emerging as blockchain, big data and Application Programming Interface, offer new opportunities. “

Why do we talk about it? Because these are technological solutions and strategies similar to thoseand that go in the same direction of contribution to the growth of SMEs and with them the real economy.

So let’s see what the state of the art is. According to the Observatory, there are about 50 startups in the Finance sector, born in 2009 and in the first half of 2016 at an international level. A growing phenomenon, with a drive driven by Northern Europe (the United Kingdom and Australia in the first place), in which, however, our country is protagonist: if 22 start-ups of the survey carried out by the Observatory have Headquarters in the Anglo-Saxon countries, 6 have set their headquarters in Italy .

The activities of the startups focus in particular on the access to credit of SMEs with very flexible and easily adaptable solutions to different and variable contexts. Business models focus mainly on the type of loan and on the underlying technological instrument. “The buzz that is perceived among the startups presupposes new market spaces of the Finance – says Antonella Moretto, Director of the Observatory in Italy – among the services offered, there is a strong need for a more effective and efficient liquidity management efficient, especially for SMEs, but emerges a market space left uncovered by more traditional operators and less inclined towards innovation. “

But the overwhelming majority of financing providers in Italy, mostly banks and local factories , provide the service without the support of a dedicated platform . A phenomenon that denotes a conservative approach to supply, also due to a question that is still not very aware of the potential of Finance. The platforms available and most used in Italy are “closed” and enable a univocal relationship between the transferor company and the financing provider, while the most competitive paradigms have not yet taken root. The major international banksare introducing innovative financing dynamics in the Finance sector in Italy, exploiting the Eury platforms in ” open finance ” and ” double open “, emerging at the European level.

In general, however, the Italian market for credit today “is still dominated by two traditional solutions: the invoice advance , ie the financing of invoices not yet collected, which is worth 87 billion euro, -3.3% compared to the previous year, and factoring , the sale of trade receivables claimed by a company towards debtors, which is worth 57 billion (+ 1.8%), within which it grows by 7.7% up to 2, € 8 billion is the share of reverse factoring , the version that allows suppliers to exploit the creditworthiness of a client company to obtain lower prices “. According to the Observatory, however, the most innovative solutions, such as the virtual credit card for the simplified management of payments between buyers and suppliers, and inventory finance, ie the financing of stocks through a line of credit, are hardly taking off. or the invoice auction, a digital auction to invest in invoices, and dynamic discounting, prepay for a discount proportional to the days in advance. “But there are important opportunities for growth and innovation on the horizon.