After Christmas, the wallet is often empty, and with New Year comes the time of balancing. How about entering it with order in loans? Take the time off to calculate what pays off the most.
Making money tidy pays off.
Free time between holidays is the ideal time to make coffee or tea, take a bowl of candy and start cleaning your wallet and your entire home budget.
- First, take out all your credit and debit cards from your wallet and check the benefits of their terms online.
- If the cards are invalid or disadvantageous, get away with them. Very likely you will only need one, at most two cards.
Be clear about family finances
The second point should be an overview of family income and expenditure. Here you can do with paper and pencil, but the same service will do a simple computer table or smartphone application.
Write down all your revenue in one column and spend in the other column.
If the result in the second column is higher than the result in the first column, there is a problem somewhere. Talk to other family members about what expenses you can reduce.
If loans play a role in your report, then maybe merging multiple loans into one could reduce your spend.
When will help merge loans
Are you having trouble tracking the maturity dates of all your loans? Then consolidation is right for you. It also relieves those who pay for bank transfer when paying via account or postal order when paying by post.
Although it does not seem at first glance, these seemingly small sums in sum may rise to several thousand dollars per year.
The combination of loans is not complicated – for example, you can have loans, credit cards and overdrafts totaling between USD 30,000 and USD 300,000. To do this:
- 2 identity cards (identity card, passport, driving license, etc.)
- Data on current loans
- Information on the employer or own business
- A copy of the last account statement
We will then arrange the merger for you for free. Management and early repayment of the loan are also free of charge and you determine the amount of the monthly repayment and the repayment period.