Posts Tagged ‘debt’
Half of the Spanish admits having difficulty paying loans
October 11th, 2010
Spanish consumers are the most pessimistic in Europe regarding their financial situation in a context of worsening expectations across the continent, according to a study by the fund manager Janus Capital. 43% of respondents believe that their debt exceeds their income.
Currently, 28% of European households expected to get worse next year, compared with 24% in 2009. In the case of Spain, this figure rises to 32%. In addition, more than half of Spanish households (55%) consider their financial situation is worse than a year ago, ahead of countries such as Germany (29%) and Netherlands (28%).
On the other hand, among the Europeans who have loans, 30% believe that their debt is too high relative to income, while 22% have problems to cope with their debts. Spanish households are those that are under increased pressure, and that 43% have difficulty meeting their loan obligations. Read the rest of this entry »
Personal Financial Freedom: Personal Finance Budget II
October 5th, 2010
This list of expenses does not include all possible expenses, I’m sure you can think of others now. Anything is possible you may think that you may have to spend money to include in its budget work.
I know some of you are thinking of you ‘savings? What? That is not an expense! “Well I’m here to tell you that the savings should be thought of as an expense. Every month should be personally a budget for a certain amount of money to spare. This should not be an ‘if I have more money’ situation. It is precise and defined as automatic writing to verify that your mortgage each month.
The basic concept of most of the budget is to control spending and use your money wisely so you have more money rather than having money or not getting into debt.
After listing your income and expenses in your budget worksheet, you must subtract the expenses from your income and get a net cash flow for the month. The idea is to include all income and expenses and leave with a positive cash flow in its financial spreadsheet. If the number is negative, then you have a problem and its costs will be reduced. Read the rest of this entry »