Receive a little more salary than expected

Each year the employees are liquidated with layoffs and severance interest the deadline for payment is between January 31 and February 14. We tell you how to calculate the most income you should receive. Colombians have a saving in the layoffs that works for the moment they become unemployed or unemployed. Hence the name that has this salary benefit that all workers with formal employment receive.

little more salary

However, it has additional purposes. They can be used for housing or improvement be it a remodeling or an extension of your house or apartment. According to the Colombian Association of Pension and Retirement Funds during 2016 Colombians affiliated to severance funds withdrew more than $ 4.5 billion or 15.9% more than in 2015, which were used as funds Unemployment insurance for termination of contract for educational purposes and purchase debt relief or housing improvement. Continue reading “Receive a little more salary than expected”

The expenses that you must eliminate

Spending more is not only noticed in expensive watches, a change of luxury clothes or in going to the most expensive restaurant. If you think about those small daily expenses you will realize that little by little. All sums and that is why it does not meet your financial goals. You start to think ‘what’s wrong with that morning red? Why take away the urge to go to the machine for a snack in the afternoon?

expenses

Those ‘ant expenses’ are deteriorating your pocket. Think of that red that is worth at least $ 800 or $ 1,000. If you take two a day, we are talking about maximum $ 2,000 a day. That is, $ 10,000 a week just to take into account from Monday to Friday. If we add, all of the year is $ 540,000. In addition, we are adding in addition neither the $ 200 chewing gum of each red nor the $ 1,400 of soda, nor the daily empanada of $ 1,800. Continue reading “The expenses that you must eliminate”

What you should know if you are an SME and want to import

The right steps will not only ensure that your goal of bringing international products to the national market is met. It will also prevent you from being a victim of fraud saves on more costs. Than you would incur by not being prepared even avoiding penalties for evade the payment of tariffs that are applied to foreign trade.

import

This type of companies handles important figures in the economy of the country a participation of more than 95% of the total of the companies of Colombia and responsible for 35% of the production. They also generate 65% of national jobs according to figures from the Ministry of Commerce Industry and Tourism. Continue reading “What you should know if you are an SME and want to import”

How to get more profitability for our deposits?

Fixed Term Fixed Income Taxes

Given the question of who gives the best interest rate for the deposit, the financial advisor can answer in two ways. The most profitable 13-month deposit is from the bank, which a saver can see by reading the ranking give an answer that would give a professional financial advisor who is no other to ask questions. What term do you need the money for? How long have you been renovating that deposit? What purpose do you save for deposits? Do you know any other type of financial products?

profitability for our deposits

The most profitable option is to diversify the savings, and invest them in the right products depending on when you will need the money and if you have any specific objective to save. This is what the Bank of Spain and the CNMV tells us in its web of financial information finance for all Diversification is the best way to reduce investment risk. Continue reading “How to get more profitability for our deposits?”

The mistakes about your income for a peaceful future

By making clear, the differences between the two systems you can begin to list the misconceptions that people have in common. When anyone is asked about the pension issue the youngest or who are starting their work life they say they do not know or know very little about the regulations. Their rights or duties with respect to the General Pension System, which lends itself to making mistakes and misinterpretations that, can lead to making wrong decisions.

income

Having cleared the differences between RAI and RPM, we can then talk about the most common mistakes when thinking about the pension issue: Expense, not an expense is an investment. Unfortunately, people are not aware that the pension is a good investment option not only for old age. Also to protect them from all those circumstances that could affect them as a state of invalidity or even death, leaving the family unprotected. Continue reading “The mistakes about your income for a peaceful future”

Tips to save savings for retirement

Blacklists where it is believed bulletining people who do not pay their debts on time, do not exist, are a myth. So there are records detailing your credit behavior and in which you are given a rating as good average and bad payer. Both gather information company’s banks and non-financial institutions as departmental stores as well as governmental bodies as water service or report them once a month on the status of your Payments.

retirement

Credit Information Companies indicates that you have the right to request your report once a year. This will serve to detect the appearance of credits that you did not request misreported payments or consult your unauthorized history. If you need to check it, more often the extra cost is 36 pesos. Continue reading “Tips to save savings for retirement”

What to do when someone dies checklist

With the death of relative financial obligations generally disappear however there are cases where debts can continue to generate interest. The National Commission for the Protection and Defense of Financial Services Users in the magazine Protect Your Money explains the circumstances in which debts can be inherited.

checklist

The main ones he indicates are when the deceased is married when you are legally responsible for liquidating the inheritance of the deceased and you have not complied with certain applicable laws; If the obligation was confirmed. Likewise, if he was appointed executor or if he is jointly bound, that is, if he signed as guarantor or guarantor. Continue reading “What to do when someone dies checklist”

Amortize mortgage or save and invest so you can cancel before

One of the most frequent queries that we receive in the contact form of financial expert is on what is better if to amortize capital or to save and to invest. The answer is how many of those we left in our advisory work. It depends on the type of mortgage on what year it was built whether or not it is about our usual home and above all depends on the interest rate and the renewal differential on the Euribor.

mortgage

Is it better to amortize mortgage or invest in a savings plan than we are saving? Although you have to analyze the main characteristics of each mortgage and the financial situation of each owner there are some general rules. The first rule is to take advantage of the tax relief offered by mortgages: We can deduct 15% of the fee we pay annually mortgage, up to a maximum of 9,040. Continue reading “Amortize mortgage or save and invest so you can cancel before”

What are the benefits of working with a financial adviser?

A financial advisor is a person who, whether working independently or as part of a company, provides help on various issues related to finance and personal economics. Among other topics, they often work on issues such as investment selection, retirement planning or estate planning. At first glance, it might be thought that working with financial advisers is a necessity for people who do not have the knowledge or time to personally take care of these issues. However, this is not necessarily the case.

financial adviser

On the contrary, many of the great personalities of the world of the economy and the financial markets hire the services of these advisers. In the same vein, Bill Gross is popularly known as “The King of the Bonds” thanks to his extensive record of accomplishment of success as an asset manager for decades in the fixed income market. However, Gross receives financial advice from Morgan Stanley. Continue reading “What are the benefits of working with a financial adviser?”

Keys to Securing the Future of a Business

The correct management of an SME is not something simple. There are internal and external factors that can determine the success or failure of the company. But when it comes to internal factors we have to do everything in our power to minimize risks and optimize resources. The lack of professionalization, costs and the false idea that being a SME does not need tools like in big companies are some of the factors that make a venture cannot consecrate or grow.

Future of a Business

In addition, is that an efficient business, with organization and financial statements in order is basic to obtain financing or aspire to government programs. Specialists recommend consulting specialist, since it can help them generate significant benefits as improve profits reduce time and cost in internal processes. It depends on the situation of the pye, but it is not always possible to hire a specialized consulting, so here are some basic tips to protect your business: Continue reading “Keys to Securing the Future of a Business”