5 lessons about money that do not teach us when we are children

Image result for financial education on kidsWe should all have a financial education sufficient to overcome certain challenges, such as planning the use of our money, whether to track our expenses, find savings opportunities and cover unexpected expenses or meet goals; compare prices and identify offers; and make efficient use of financial products and services.

Perhaps, many of these challenges would be minor, if from a young age we put into practice healthy financial habits at home. Learning from small to handle our money would avoid problems to grow and would help us to have a better quality of life.

If you have children, we share 5 things about personal finances that you must instill in them and that probably they did not teach you.

Lesson 1. Money is earned with work

The first thing that children should learn is that in order to obtain something that we want, it is necessary to make an effort. Therefore, if they want a toy, for example, they will have to earn it by working.

Show your children that they can earn money by doing certain tasks. While you must make it clear to them that they have certain obligations such as laying their bed, keeping their clothes, ordering their toys or doing school work; for some activities they can receive a payment, either wash the dishes, help store groceries or sweep the house. It depends on the priorities and needs of each family.

Also, you can teach them other options to have income such as selling cupcakes, cookies, popsicles or anything else that comes to mind; take care of a pet, or be a kind of tutor, helping other younger children with their homework.

Lesson 2. Saving is easier by objectivesImage result for saving

Sure many of us, when we were children we received money from our parents, but we spent everything immediately on the first thing we saw. This reduced our chances of buying something more significant.

Therefore, teach your children to separate a part of the money you give them, to buy a toy or something else, that is, to set specific savings goals. Thus, the savings will be easier to carry out.

On the other hand, children should know that in addition to considering a part of their savings to fulfill their dreams (for example, buying toys), they should also set aside a sum of money for emergencies, incidentals, help others and, in the future, for when they retire. Give them examples of your daily life and explain why that is very important.

A recommendation made by the psychologist Gala Almazán, is that to save transparent containers with the drawing of at least three objectives are used: “Savings” or “object to buy”, “Expense” and “Share”. The children will be able to see how their savings grow and maintain their motivation.

Lesson 3. Having a budget will allow you to know how much you spendImage result for checklist

Have you ever made a budget of all the expenses you make as a child? Probably not. Then it’s time to make a budget with your children. But do not worry, it’s not a strict question either. Rather it should be seen as a step that will help us identify how much we spend and what we can save to meet our financial goals and dreams.

Together, make a monthly budget considering the age and amount of money children can receive, either for work or for the so-called “Sundays.” That way, they will know how much they can spend on candy, chips, juices, among others. Then observe what expenses are not necessary, which can be used to save and thus achieve the objective of point number 2.

Lesson 4. You must make decisions about how to spend money

Related imageHow many times did we spend our “Sunday” on things that were not necessary and that ended up in the trash in a short time? If your answer was several times, then try to instill in children the value of what is useful and durable .

If the children have already managed to raise a certain amount of money, you should help them decide to buy a toy that excites them and that they will occupy several times. Also, you must help them understand that the same toy can have different prices in different stores, so they must learn to compare what is the ideal price, without losing the quality.

So at the time of shopping at the supermarket, describe them as responsible for the offers. Compare the prices of the products and help them identify the characteristics that must be taken into account when making a purchase.

Lesson 5. You may have to wait to buy what you want

And as we have said on other occasions in Finerio , perhaps the most important thing after having a budget is to stick to it. To fulfill it, you must have something called self-control, willpower and persistence . According to several studies , persistence helps children be able to postpone immediate gratification, which shows better academic performance and better personal skills and resources.

Therefore, parents should encourage persistence and self-control in children to achieve long-term goals, postponing rewards (such as impulse purchases) and continuing despite obstacles. The latter, rather, should be seen as a learning opportunity.

Children are extremely intelligent, however, adults by their own ignorance or other reasons do not teach them to take care of money. With these 5 points you can help your children have healthy finances in the future and can make the decisions that best suit them.

Loans without a credit check | Loans Quebec

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Although the majority of people think that it is impossible to have a loan without a prior credit check, in reality this is not the case. Loans without verification are an excellent alternative to traditional bank loans. Rather than providing your credit history and credit score, the creditor will ask you for further evidence to assess your financial ability to repay the loan.

So what evidence do you need to provide to the creditor instead of your credit check? As mentioned above, the creditor will check your creditworthiness through other documents. If you opt for this kind of creditor, you will be asked to provide one of the following documents:

Bank statements

Some creditors who do not do a credit check will ask you for your bank statements to see how much money is going in and out of your account each month. By this, the creditors want to make sure that you have the financial means to assume the payment of a loan. If you have a lot of financial commitments already, the creditor could refuse your request. There are several ways for the creditor to check your bank account:

  • Instant Bank Check : Many bankers offer this service. Just go to your online account through software provided by the creditor and the software will automatically take screenshot of your account. Do not worry, the only thing the creditor will have access to is your statement.
  • Electronic Verification : The creditor could ask you for an electronic statement, offered almost by all banks.
  • Or you can simply fax your bank statement to your creditor.

Documents confirming your income

Another way to check your credit worthiness is to check your income. For the creditor, it is not only important to be repaid on time, but also to lend money to someone who has the means to pay the loan. Most creditors do not want to burden debtors financially.

Well encumbered as a security

If you think your credit history will work against you, then you could opt to apply for a secured loan . Most secured loans do not require a credit check, as the collateral makes the credit history small. Security acts as protection for the creditor. This is a great way to get a loan greater than or equal to $ 5,000. Without prior credit check, your chances of getting a meaningful loan are pretty strong.

Creditors who do not check your credit rating

If you want to get a loan from a traditional financial institution, a credit check is always required. By this, the banks assess the ability of the debtor to pay the debt. If your credit history is not perfect, then avoid using traditional institutions. If you want to get a loan quickly and without a credit check, here are the choices available to you:

  • Alternative creditors : You will find them easily in linen. This type of creditors work mainly with debtors refused by banks.
  • Private creditors: These creditors do not have to follow the strict steps imposed by the banks.
  • Creditor for Targeted Debtors: These creditors work only with a niche of debtors (eg, private mortgagee)

To be approved

The approval process for a loan without a credit check is based on more than just a number. This means that more people are approved for the loans they need; so there is less refusal. These types of creditors are excited by the opportunity to help debtors find a loan with the right amount, terms and conditions.

If your credit rating is low due to your insurmountable debts, please read our article on debt consolidation or consumer proposal

The CDTI invests more than 100 million euros for 180 business R & D & i projects.

The Center for Industrial Technological Development estimates that the sum of these initiatives will employ 708 workers directly and 1,016 workers indirectly. In total, 1,724 employees in the economy as a whole.

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The Board of Directors of the Center for Industrial Technological Development (CDTI), a body under the Ministry of Economy and Competitiveness, has approved 180 new R & D & I projects with a total budget amounting to more than 128 million euros. The CDTI will contribute more than 100 million euros, thus promoting business R & D + i. 177 companies participate in the development of these projects, of which 60% are SMEs and, of these, 39% belong to medium and high technology sectors. Of all the companies involved, 57, that is, 32%, receive, for the first time, CDTI financing.

Projects co-financed with FEDER funds .

In this Council, the CDTI has approved 154 projects co-financed with funds from the new 2014-2020 ERDF-PluriRegional Operational Program for Smart Growth-, whose public contribution (CDTI + FEDER) amounts to more than 83 million euros. Of these projects, 133 correspond to “Most developed regions”, 20 to “Regions in transition” and 1 to “Less developed region” according to the definition of ERDF.

The Pluri-Regional Operational Program for Smart Growth allows the CDTI to increase the non-reimbursable tranche to 20% for all projects that have co-financing from this program, regardless of the size of the beneficiary.

What is an Insured Pension Plan?

Image result for insured pensionLife insurance in addition to covering the death or disability of the insured is also an excellent product for saving and forecasting. The main reason in always combining the advantages of life insurance, that is, covering with part of the premium the risk of death and / or disability while the rest of the money paid is destined to a saving or forecast system, that is to say thinking about retirement.

These two different purposes also generate different characteristics, whereas if we think about short-term savings, total or partial liquidity is allowed in the forecast products, which compete with the pension plans, and therefore stand out in an important aspect, tax relief as an incentive for the hiring of these products.

Guaranteed profitability

A specific type of retirement plans are the Insured Pension Plans (PPAs). The PPAs are life insurance whose objective is to constitute a capital in a completely safe way, they share many characteristics and the same fiscal advantages as the Pension Plans, with two differences:

  • They necessarily guarantee a concrete yield at maturity. Therefore, they are ideal for those who worry about their retirement and do not want to take any risk with their savings.
  • As has been pointed out, the part destined for insurance guarantees a small additional capital in case of death.

The first point is differentiating with pension plans and gives them their main advantage, we can constitute an income knowing not only that we will not lose capital but making a regular contribution and maintained for a while we know what will be the final capital. In the pension plans, if we exclude the guaranteed ones, we have the uncertainty of not knowing what the final result will be and what capital or income we will obtain.

Excellent taxation

With respect to the common point, with the pension plans, taxation, we must differentiate how the contributions and the final rescue are taxed. Regarding the first, we can obtain a reduction of the general taxable income of the Personal Income Tax , with a limit for people under 50 of up to 10,000 euros, or 30% of their net income from work and economic activities and 12,500 euros or 50 % of income if you are over 50 These limits are common, that is to say, that sum the total of contributions with other Pension Plans and Pension Plans in which we make contributions.

With respect to the rescue, if it is collected in the form of income, it will be taxed as labor income, at the tax rate resulting from adding all the work or professional income of the period. If we do it in the form of capital, it does so equally as a work performance, therefore, by assuming a much larger amount will be taxed at a higher rate and fiscally it is not the recommended option.

19 ways to save money while traveling

Have you been thinking about going on a trip around the world and looking for different destinations? Still do not decide? It’s time for you to take action, start planning and click on buy your plane ticket without a return date. If you have not yet managed to save enough to start your trip, we recommend you read 5 effective saving steps so that you can travel.

And if you think that the money you will save will only reach you for a couple of weeks, maybe you are wrong. It does not take much when you are looking for different alternatives and you are flexible. In Finerio we have identified 19 ways to save money while traveling; Many of them are related to new technologies, so it will not be difficult for you to follow them.

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1. Be part of groups for travelers

If you want to know travel tips it is essential that through Facebook or other social networks or web platforms you become part of groups for travelers. Activate notifications and keep an eye on what is published. A great advantage of being in groups for travelers is that you can ask questions and ask for recommendations from other members. In addition, you can meet people who are behind your same route, and contact them to help each other.

2. Let travel guides or pages with recommendations

Depends on how you want to travel is the guide you have to look for. On the internet there are several options for travel, packages, destinations, agencies, etc. Find pages on which travelers give their opinion on routes, packages, sites, etc.

On the other hand, if your style is backpacking, you will find a great diversity of guides and web pages where other backpackers who have already visited certain destinations are dedicated to helping people by telling their experience and giving recommendations. These guides are unmissable because they are closer to the reader and solve common doubts.

3. Find cheap flights

Due to the great variety of airlines that exist and the different offers and programs they have, now you can find round-the-world flights at incredible prices: Europe for less than 10,000 pesos, North America for 6,000 pesos, Australia for 15,000 pesos , Japan for less than 18,000 pesos, Argentina for 11,000 pesos, etc. It’s just a matter of constantly looking for deals and buying tickets in less crowded seasons.

There are airlines such as RyanAir or WOW air that will leave you with a square eye with incredibly low prices: from 22 euros (400 pesos) for local flights in Europe, for example. We recommend that you read 9 tips to get a cheap flight , where you will find pages and applications that will help you.

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4. More flexible itinerary

If you want to go to Italy, but you find better deals in countries such as Czech Republic or Hungary, it may be better for you to take those routes. There are destinations that are not as popular, but are as magical as the most famous, and at the same time cheaper. You’ll be surprised how much you can save if you get carried away by the flow of things or offers.

5. Use Rome2Rio or GoEuro

Rome2Rio is an excellent search engine, very complete, that will facilitate your entire trip. Rome2Rio helps you build your travel route by telling you how to reach your destination through all possible transports and routes (planes, buses, trains, boats, etc.). The platform or application provides prices of different local and international transports with accurate time information between journeys and connections. In addition, it has additional services to find accommodation, car rental, and places to visit.

And, if you are in Europe, GoEuro is also a search engine similar to Rome2Rio that allows you to see the best and most economical travel routes, with accommodation options.

6. Buy a cell phone chip from a local company

If you are going to be for a long period in some country or region, it is best that you get a chip for your cell phone from that place, because if you keep the chip of your country of origin and do not have any international package, your telephone company will take you to bankruptcy to apply very expensive rates or, worse, you will be incommunicado. With a local chip you will ensure internet access at a reasonable price.

Remember that it is essential that your phone is unlocked so you can use the new chip. If your phone is not unlocked, look for options to do so, or buy a new cell phone.Image result for telephone

7. Hire a calling service

When we travel abroad, there is a need to communicate with our family and friends to inform them of how we are doing and the experiences we are experiencing. We know that the internet solves most of the problem; However, international calls to cell phones or landlines can be very expensive, and a great alternative is to hire cheap services such as Skype or Google Hangouts.

Also, Google has launched ” Project Fi ” , a service that allows Internet, calls and messaging service in various areas of our planet for the same cost. To access this service you need to purchase certain phones that have been specifically designed for Project Fi: Pixel & Pixel, Nexus6P and Nexus5X.

8. Use your credit and debit cards wisely

Before going on a trip, talk to your bank and ask if there are commissions that can be made for international transactions. In general, most banks in Mexico charge a fee for using ATMs in other countries, so if you are withdrawing money from an ATM it is recommended that you take out enough to avoid making several withdrawals.

If you are going to be in the same country for a long time, you can consider opening a bank account in the place where you are so that each time you want to have your money you do not have to pay commissions. Find out about the requirements, advantages and disadvantages of each bank. Ask the costs for making international transfers between your bank accounts.

9. Busca offers in entertainment

The most tourist attractions are the most expensive, and may not be the best experiences you can get from the places you visit. For example, climbing the Eiffel Tower in France is expensive, however, if you climb the Arc de Triomf you can have a magnificent view of the city for a lower price. In addition, in various cultural sites and monuments there are discounts for students, under 25s or academics. You just have to ask.

Also, various museums and attractions offer free admission once a week or month. Another option is the purchase of cards offered by cities to visit almost all museums and important tourist sites. Some cards include the use of public transport in the city. Check the prices of these to see if it suits you. An example is the Stockholm Pass of the city of Stockholm in Sweden.

10. Use public transportation

If you want to save money in a city use public transport. Although we know that in several countries transportation is much more expensive than in Mexico, if you use a taxi or uber it will be even more expensive. Find out about the different transport passes that exist in the cities. They could save you several hundred pesos.

11. Use BlaBlaCar

If you are going to be transported from city to city or from country to country you can use this incredible platform. With BlaBlaCar you share your vehicle with someone else and you save; Or if you do not have a car, you can find drivers who go to your destination and pay a lower amount than if you took train, plane or bus. You can also make friends!

12. Take night trains

Especially in Europe, the train service has trains that make night trips. This has two advantages: you save accommodation and make the most of your days, since at night you will travel and during the day you will not have rest knowing places. There are different packages depending on the region you are in and the days you need it.

13. Download apps like Yelp!, and Foursquare

“Where you go do what you see.” Eat where the locals eat and do what they do. When traveling, you will surely reach the most touristy places; however, try to get away from them and look for different options. We assure you that you will find cheaper and better quality things. For this applications like Foursquare and Yelp work very well ! , because you will find recommendations and qualifications from different places.

14. Ask the locals

When you meet a person native to the place where you are, ask him / her about the general situation in your country so that you can get an idea of ​​security, tourist attractions, restaurants, traditions, etc. You can find tips and places you did not imagine.

15. Search for Free Walking Tours

An effective way to save money is to take free tours that show you the most important points of a location. They exist in various countries and are offered by local guides who understand travelers who have limited budget. They only ask for donations, they can also recommend cheap places.

16. Get an insurance and bring a first-aid kit with you

Many travelers do not hire any type of insurance: big mistake. Better safe than sorry. If something should happen to you when you are out of your country, the expenses could be more expensive than your entire trip and end your itinerary.

Travel insurance or travel medical insurance covers unexpected expenses you may have while traveling: health problems, loss of luggage, cancellation of trips, accidents, death, etc. By taking out an insurance you will have personal and financial peace and you will not worry your relatives.

Look closely at the aspects that cover the different types of insurance before hiring them. We recommend you read The 8 aspects to take into account before hiring a medical insurance . It is important to mention that, although they may seem expensive, it is preferable to have one and not use it to have to pay a hospital bill or emergency plane tickets.

It is also advisable to bring a first aid kit. It packs desinflamantes, vitamins, medicines for colds, indigestiones, headaches, colics, medicines against allergies, bands, disinfectant, etc. Make sure they carry the label so you can take them on board the plane. This kit could be a great help on multiple occasions.

17. Get a job

If you do not have a return date to your country and would like to continue traveling as much as possible, or have a very tight budget you could try to earn money traveling. If you can work legally or have the opportunity to do so, do not think twice. Working in another country will bring you closer to the daily life of the place and will even allow you to continue on the road and earn extra money.

How can you earn money traveling? We give you some ideas of work you can do: teach your language or the languages ​​you know, work online from your computer (you can create a travel blog), be part of the crew of a tourist cruise, get a work visa temporary, to be a nanny in Au Pair programs, to work in hostels, as diving instructor, to give tourist trips, bartender, etc. There are many possibilities, including volunteering where in exchange they give you food and lodging.Related image

18. Take a budget with you

The best ally of your portfolio will always be a budget, wherever you go take it with you, because it will be the only way to have control over your money and know if your efforts to save are working. Make a list of the expenses you have and register them in different categories (food, lodging, transport, entertainment, etc.). Establish a budget for each category and do not exceed it.

And if you have already tried to take a budget and you find it annoying to write down everything you spend or difficult because you do not always remember all your expenses, we have good news: there are already personal finance platforms with which you can create a personalized budget and record your expenses automatically when you link your bank accounts and extract your financial information. The only thing that you register manually are the cash expenses.

Finerio is the first free personal finance application in Mexico that links all your bank accounts to download and categorize your transactions. Track your budgets automatically and allow you to have an overview of your money from one place and anywhere you are. With Finerio, create a budget for you, keep your finances in order and save effectively. Learn more about Finerio and register here.

19. Travel calmly

Do not get overwhelmed trying to go around the world and all the points. We know that there are many places to visit and travel; however, it is better to travel calmly, making friends and knowing the places in detail, than traveling in a hurry and exhausting yourself.

What you most enjoy and appreciate of a trip is not having visited the Eiffel Tower, the Colosseum, or the London-Eye, but the friends you made along the way and the moments you shared with them and with yourself.

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Should you rent or buy?

Image result for rent or buyMost individuals, young or old, rent at some point in their lives. The question is: when would it be wise to start investing in a house instead?

It is common knowledge that many homeowners rent their property to pay for their own mortgage. As a tenant, you are most likely to help someone repay their debt or provide a secondary source of income. Would not you like to do this for yourself? By doing this, you will build your own home value and increase your own value.

The costs of owning a home go beyond simply paying off a mortgage and paying your bills; you will be responsible for paying all other expenses including property taxes and maintenance costs for your new home. It’s not an easy thing, but the benefits of the property are amazing. As a home owner, it will be easy to get loans in the future, something that will be very useful in case of emergency or if you want to buy a car or other expensive asset. Home loans are generally offered at low rates while personal loans (for cars and for other things) are often offered with rates climbing up to twice the rates offered for a home. In addition, if you end up with a large debt from your credit card in the future, you could use your home equity and get what is called a debt consolidation loan (a large rate loan). low interest in order to pay your debts at high interest rate).

The real estate market is set to increase in value over time. In Canada, house prices are skyrocketing, which means that getting a property is an excellent financial decision. In addition, mortgage rates fell to a record high and we saw them falling more and more during the year. Buying a home today is a smart way to accumulate wealth for tomorrow.

Finally, as often reiterated by homeowners, at the end of your rental period, you end up with nothing at all. On the other hand, if you are working towards a mortgage, at the end of your term, you will own a house; and on your way, you will develop home equity. The choice is obvious!

Finally, it is worth considering that you can look for a middle ground between the two. You can always opt for rental with option to buy! Learn more about our rental option rental services here.

LIFE is the Financing Program managed by the European Commission for the Environment and Climate Action. More than € 3,400 million to promote pilot, innovative and demonstration actions that contribute to improving the development, implementation and execution of European legislation and policies

Image result for life program european commissionSpain has shown to have a LIFE vocation, being the country with the highest number of approved projects, 308 in the 2007-2013 period, which accounted for 308 M € of co-financing. For the first call, open from June 18, 2014, it is expected that the number of proposals submitted will surpass 2013 figures, in which the final co-financing doubled the national allocation initially envisaged. In this highly competitive planned scenario, only those of higher quality, which are able to demonstrate the interest and technical and economic feasibility of the proposed actions, will be selected. The technical-economic solvency of the beneficiaries. Some aspects to take into account so that our proposal can be positively evaluated are: the alignment of the objectives of the project with those defined by the Program, the involvement of public agents and non-profit entities, the scope of application (at sectorial level and geographic), the potential for replication and dissemination of the results as well as the technical-economic coherence of the actions.

The main novelties of the LIFE 2014-2020 with respect to the previous period are the simplification of the lines (from 3 to 2, Environment and Climate Change) a larger budget (€ 1,300 million more) and the “Integrated Projects” typology that allows a project receive funds from two or more European funding programs (Horizon 2020 or Cohesion Funds, among others).

Less known than subsidies (from 60%, up to 75% in Nature and Biodiversity Projects for priority species and habitats until 2017) are the “Instrument for the Financing of Natural Capital” and the loans and guarantees for investments in Energy Efficiency , alternative co-financing tools of the European Union for LIFE projects, mainly aimed at the Subprogramme Action for Climate.

The New Dixie’s Tavern

Dixies Dodgeball has been a huge success if you haven’t seen it yet then what are you waiting for? Every Tuesday night checks out the flyer on the right for more info.

Wednesday night we have started something new Team Trivia its a new and fun way to spend Wednesday night. Stick around after Team Trivia and Hear DJ Woody Chuck spin all Dixie’s Classics along with things you haven’t heard at Dixies before. The new hotspot on Wednesday nights is Dixies’s

Thursday Night in Charlotte you have to be at Dixies for the best live bands in Charlotte check out the line up in the creative loafing soundboard each week.

And Something new for our online friends checks out our new Dixie’s Weblog (or blog) this is great for you. Now you can give us feedback check it out DixieTavern Weblog