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

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.