Monthly Archives: September 2019


Save money on housing or cottage? – Loans

Save money on housing or cottage? There are many who wonder. This is my retirement, you’ve probably heard middle-aged people say when they have mentioned a property they have. It can be a home, a cottage, a small farm. And no investment has yielded as much return as real estate in the post-war period.

Housing not only gives us a head start

money cash

They have also become the savings boss. If you have a million in the bank, you get both wealth tax and income tax on interest rates. If you put a million kroner in a home, the tax value is the basis for the wealth tax, and it is so low that you may not receive wealth tax at all. This way, wealth and tax shrink when you put it into real estate.

If you sell shares or mutual funds with a profit

You must pay 28 percent tax on the gain. If you sell a property with a profit, you will in most cases avoid tax (see the housing chapter). For example, if you own a cottage, you can sell it tax-free after owning it for five years. You can use the winnings for anything. If you have debts in several places, it is a good idea to get the most expensive debt paid off first. How can we decide which debt is the most expensive? Determine what you pay in interest on different loans – loans with the highest interest rate are the most expensive loans regardless of the size of the loan.

With these tax rules as the backdrop, and with property prices steadily rising, it is therefore no wonder that Norwegians have regarded housing and leisure homes as a savings box, an investment that will provide security for the future.

A girlfriend had always dreamed of a cabin in the mountains. She began to go on impressions, placing a low bid on a simple log cabin in a nice location, but where the plot itself was overgrown. She got the cabin for a reasonable price.


How to manage finances as a couple?

Money management in a relationship can be an awkward issue if you are not prepared to face it. There are several stages in the couple, each moment has its challenges that must be faced in order to succeed.


When they are boyfriends

When they are boyfriends

The couple downplays the duties and obligations they will have in mind in the future, the issue of money goes to the background. It is more important to have a good time on weekends, the gentleman tries to be as courteous as possible and she can be demanding in the gifts or places they frequent. At this stage, some value the growth potential of their partner, this may be associated with their work center, experience in the field, personal assets or their entrepreneurship. Others, however, hope to spend the moment in the best way.

At this stage the couple should have the least amount of debts, save as much money as possible for the marriage process, the rent of an apartment and the furnishing of the same. The austerity should be the key element so that the date of the marriage is not delayed much, nor arrives with high debts to the altar. It is essential to start the budget of income and expenses of the future family, what each can contribute, not only in income, but in the tasks for the maintenance of the home.


When they are newlyweds

When they are newlyweds

The couple has to assume a series of obligations, which in most cases was not accustomed. From organizing the rent or mortgage payments, basic services, food, clothing, mobility among others.

For this purpose, you must structure a budget according to the marital income, the indicated expenses will be defined.

Be it the man or the woman who contributes to the family economy, it will be important that the financial decisions must be taken as a couple, where personal interests will have to be set aside, since the total household expenditure is present and forgotten in many moments the preferences of the family.

Some couples live dependent on the social circle where the family develops, their mentality becomes full of anxiety to survive, feed, dress, wear, rent, the car away from their economic possibilities, these worries lead to derail the harmony of the couple . More important than looking, is to adapt our needs to the income that the couple has. Rather we should look for other sources of income.


When the couple has children

When the couple has children

When the children arrive, expenses arise that must be met, the new family member demands housing, food, clothing, medical care, among others.
The couple must strengthen the union and for this they do not require high budgets, everything can start from leaving a weekend, appreciating the beauty of a park, attending an art exhibition or participating in family games. The education of the child is a very important issue, the couple should check if their budget is appropriate to the expenses of a certain school.
The concern should not go to attend the most expensive school, but that the curricular objectives are achieved, since the child’s training does not depend exclusively on the teacher, but on the work carried out by the parents.

It is of the utmost importance the constant communication as a couple, that will depend on the fact that between the two they set short, medium and long term goals. In other words, you should learn to generate a good income and expense planning, in this way, even if the resources contributed to the household are of the sum of income of both members (and it could be that one member earns more than another) if talk, if communicated, confusion will be avoided, both will be valued and so they can establish a list of priorities in family spending.
Frequently one of them usually arrives on the fortnight with something he acquired because he simply filled his eyes and thought it would be necessary to have at home; This usually results in an attitude of disapproval of the other member, and if it generated an expression that it would be better to have bought something more useful for the quality of life they have thought of having.


When they are retired


The couple arrives at the stage in which they stop working in a public or private institution, it could also be that they supervise the management of their company, the hours of work decrease, the beauty is not the same as in previous stages and the feeling prevails more pure between them.

Both must manage their expenses and income, not just a retirement that in many cases is not enough to cover basic needs. If in times of higher income they have been able to invest in a department that generates income, a small business from which to obtain profits, interest on time deposits or earnings on investments in the Stock Exchange, the future will be more comfortable.

In many homes, grandparents who already have a retirement have a very important support job, which allows many couples to generate more income, but do not abuse this help, remember that the child’s parents are responsible for their training. Grandparents have already worked hard and support can be for emergencies.

The couple at this stage of their life, should enjoy short trips, contact nature, appreciate each other’s hobbies, all this does not require a significant expense. Although banks are already offering loans to retirees, they must also exercise their expenses according to their income.

At this stage of life there must be mutual support, ailments and diseases will not only require money to solve operations or medications, but the company of knowing that your partner is at your side as if it were the first day of in love Money should not be an obsession, but a means to acquire goods and services necessary for the couple to be happy.


The purchase of credit at General Society: Compact and Universal.


The authenticity and professionalism of General Society are no longer to be presented. This French bank, which has existed since 1864, is one of the pioneers on the financial market in the same way as LCL and BNP. This heavyweight of the banking industry of France is a specialist in banking details, but also in insurance, savings and financing solution. This bank, whose signature is “developing together team spirit” has oriented its activity towards the restructuring of credits. Let’s make a point on the subject.

Grouping its loans with General Society

Grouping its loans with General Society

To subscribe credits makes it possible to finance its projects. Unfortunately, an overabundance can be harmful leading to cash flow problems. Life can also be responsible for indebtedness. For example, when a couple divorces, there is a direct impact on the living conditions as well as when a person is fired. In these cases, we must rethink its budget and way of life. Consolidation of credits can be a credible solution for optimizing budgets.

Attention, however, the purchase of credits remains a loan. In fact, the amount of money that is made available to you is subject to an interest rate that increases the total cost of credit. We must therefore question its ability to repay before contracting a purchase of credits. Since 2010, the mention “A credit commits you and must be repaid. Check your repayment abilities before you commit. ” Accompanies ads that concern credits. This slogan aims to make consumers aware that taking out a loan is not a game.

How to know if the redemption of credits is a financial operation adapted to its situation? There are no rules in this area, anyone feeling squeezed (financially speaking) can request a redemption of credits. It’s a responsible approach. The debt ratio is the best indicator. This is the ratio of resources to monthly expenses. If the rate is less than 33%, the financial situation is correct. Beyond, it is difficult to cope with the unexpected or pay some bills. The redemption of credits helps to reduce this debt ratio by reducing the monthly repayments of credits in progress.

You should know that General Society offers two products:

  • The Compact product: it is the grouping of consumer credits. Amount: between 200 and 75 000 $.
  • The Universo product is the combination of consumer loans with real estate loans (or mortgage loans).

General Society warns you. The Cogilaw Company authorizes credit institutions to charge fees for early repayment. These fees are calculated from the prepaid amount. Three scenarios are possible:

  • The remaining term of the credit to be repaid is greater than or equal to 12 months: the fees are capped at 1%.
  • The remaining term of the credit to be repaid is less than 12 months: the fees are capped at 0.5%.
  • Early repayment is for a revolving credit: there are no penalties.

Make a study of credit redemption

Make a study of credit redemption

Do you have budgetary problems? You want information on the purchase of credits? You can get closer to an agency of General Society by making an appointment with a financial advisor. You can also inquire by calling 3955 on weekdays from 8h to 22h and Saturday from 8h to 20h (code name: Informations) and / or by consulting the online portal of General Society.


Visa Credit Card to Pay in Bitcoin

Coinbase , one of the most widely used cryptocurrency exchanges in the world, has launched a Visa card in the UK that allows its Bitcoins (BTC) to be used in everyday purchases. This news, in addition to the pleasure of the writer to feel Great Britain again as an actress, protagonist of news concerning the world economic / financial world that are not related to Brexit, is of strategic importance for Bitcoin (BTC). In fact, one of the main criticisms that is still being made today by the Bitcoins (BTC) and the univero of cryptocurrencies in general, is the poor circulation in the universe of real payments. Payments for the purchase of goods and services both online and offline (in classic stores) have never seen a strong adoption of Bitcoin (BTC).

Coinbase , a leading brand in terms of cryptocurrency exchanges in general and Bitcoin (BTC) in particular, has chosen as the partner of this new adventure the world leader in credit cards: Visa. To understand the commercial power of Visa, just look at some figures: in 2011 Visa is the world leader in the credit card market thanks to 50.1% of the total transaction value, ahead of Mastercard with 33.5%. In debit cards, the percentages are even more in favor with 76.9% of the market, ahead of Mastercard with 18.9%. Two giants of their respective sectors who join forces to push the use of Bitcoins (BTC)!


A winning alchemy for Bitcoin (BTC)


The Coinbase Card , which for now only works in the United Kingdom but will land across Europe before the end of 2019, relies on the portfolios of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and ZCash (ZEC) kept by the exchange. At the time of the transaction, the necessary amount of cryptocurrency is converted into euros, dollars or pounds at the current exchange rate. The card is also contactless, has a chip and a pin and can be used to withdraw cash from the usual ATM machines. Every payment will be made through two passes and the card can be immediately blocked and replaced if it is lost or stolen.

This time the alchemy can be of the explosive ones because they will join the main cryptocurrency wallet basin (Coinbase) with the vast universe of users and dealers of Visa, the most accepted credit card circuit in the world. In this marriage the Bitcoins (BTC) will inherit from Visa all the know-how accumulated over the years as regards the verification of fraud and the guarantee of security for users and from Coinbase the whole digital experience starting from a simple, easy and quick to use for the complete mobile management of your cryptocurrency portfolio.


Bitcoin card costs (BTC)

Bitcoin card costs (BTC)

If it is true that the diffusion, security and ease of use will not be a problem then the node for the diffusion of this Bitcoin card (BTC) could be represented by the commissions. Recall that the blockchain technology, the electronic register on which the existence of Bitcoins (BTC) and of all cryptocurrencies is based, works on the assumption that every movement passes through the validation of miners, or miners, who for this receive a reward. This reward is paid based on the “weight”, that is, the kilo bytes required for the transaction. Since the validation times may not be immediate, and last from a few minutes to a few hours, it is very likely that Visa will still provide immediate approval, artificially speeding up the transaction and taking responsibility if something goes wrong.

Are we really facing the step that will allow Bitcoin (BTC) to become a widespread means of payment? Imagine the potential of this currency in countries where the local currency is not stable or where people do not necessarily have a current account. Will the “good” salons of the financial and economic world allow an easy life for Bitcoin (BTC)?


And now Bitcoin (BTC)?

And now Bitcoin (BTC)?

We are experiencing a golden period of Bitcoin (BTC) that continues for weeks to go back up to $ 10,000 worth of values. At the time of writing the Bitcoin (BTC) is worth 6,798 dollars with a total capitalization of 120 billion dollars. The 7-day percentage change continues for weeks to be in double digits and is currently worth 17.86%. Bitcoin (BTC) is increasingly a great investment opportunity, choose your right partners to invest in cryptocurrencies like Markets , one of the best brokers in the world and also recommended by us at Mr B.


Investing in Bitcoin (BTC) on Markets

Investing in Bitcoin (BTC) on Markets

Find out how simple, fast and safe investing in Bitcoin (BTC) on Markets , the broker recommended by Mr B.

  • Simple as you will be able to operate with an incredible user experience platform that is suitable for all online investor profiles regardless of online trading experience;
  • Fast because a few clicks will be enough to open your account with Markets and be ready for your investments;
  • Sure because Markets is a broker that follows the Sysprus CySec regulation (Sysprus Securities and Exchange Commission) and is licensed by the FSB (Financial Service Board).

Markets stands out for:

  • Zero Trading Commissions and no monthly fees;
  • Trading also open on Saturdays and Sundays (in part);
  • two thousand tradable assets including the main cryptocurrencies;
  • Free demo account of 10 thousand euros (or dollars);
  • Customer support within the platform (livechat);
  • Customizable platform according to your trading needs;
  • App for investing also in mobility on smartphones;
  • Reduced spreads and trading with customizable leverage;
  • Advanced trading tools;
  • Financial leverage available up to 300: 1.

As usual, we at Mr B would like to remind our readers that financial leverage is a double-edged sword: if you decide to invest in Bitcoin (BTC) , it will allow you to increase your earnings but, in parallel, you will risk losing the invested capital. Invest with the utmost care!


What is a PIT loan and a PIT loan? | How to take a PIT loan?

On the one hand, banks are trusted and reliable financial institutions, and on the other, the way they operate is a cause of criticism on the part of many people. There is no denying that making any commitment involves a huge amount of formalities. It is necessary to provide all sorts of certificates, statements and statements that are designed to allow the bank to assess the creditworthiness of the potential borrower.

This not only leads to the rejection of many applications of people whose creditworthiness has proved too low, but extends the waiting time for everyone, even those who will ultimately be eligible for a loan. Banks are aware of this problem and are still trying to at least partially reduce the number of formalities associated with taking loans.

Taking out a PIT loan – what is it about?

Taking out a PIT loan - what is it about?

A PIT loan is a type of loan that does not differ much from a traditional cash loan. You can also come across consolidation loans at PIT. What is most important in them is the maximum shortening and streamlining of the loan application procedure. Instead of organizing income declarations or not being in arrears with ZUS, you only need to take our tax declaration to the bank for the previous year. Due to the fact that data from a tax declaration may become outdated relatively quickly, a PIT loan is usually a limited time offer. You can apply for it usually until the end of June or the beginning of May.

Not every bank offers it, and the rules for granting it can vary widely in different branches. Sometimes loans for PIT can be granted on worse terms – it will only be possible to take a loan for a smaller amount or a shorter loan period than in the case of a traditional loan. In theory, the only thing we should need to receive a loan is our PIT and ID card, but it may turn out that we will still be asked for additional documents. In addition, simplifying the formalities does not mean that our credit history will not be checked at the Credit Information Bureau. Of course, it will be verified anyway, however, often it is not necessary to wait long for a PIT loan decision – sometimes the waiting period can be as little as one day.

Can I take a PIT loan?


A PIT loan with the help of advisers. Repayment of loans is possible. A lot of loan companies offer loans without any formalities, all you need is an income statement. However, for larger amounts, it may also be necessary to provide some type of documentation – that’s when PIT may be useful. For maximum convenience, many non-bank institutions launch such a service as a PIT loan via the Internet.

So we do not even have to leave the house, and in a few minutes we will be able to fill out all the necessary forms and enjoy the money perhaps even on the same day. What is very important, loan companies offer PIT loans without BIK – so it is a solution especially for people who, due to a bad credit history, cannot count on getting a loan from a bank.

Is it worth taking loans and credits at PIT?

Is it worth taking loans and credits at PIT?

More and more often now it turns out that a PIT loan is only a marketing ploy, and in fact it is neither profitable nor reduces the number of formalities. However, it cannot be denied that PIT loans without BIK are a convenient option for people who need a large amount of cash, but negative entries in their credit history prevent them from taking a loan from the bank. Also for many, an online PIT loan can be attractive because it is extremely fast and convenient. However, before we make any decision, it is worth calculating whether such a PIT credit or loan really pays off.

During the period of completing tax returns , PIT loans without BIK will certainly be seen more than once in the marketing materials of banks. Certainly, it is an interesting solution for those who are very keen to borrow a large sum and cannot boast of a good credit history. On the other hand, a PIT bank loan can potentially save a lot of nerves associated with obtaining the usually required certificates.