Good advice, Useful websites

Online housekeeping book

No Comments 09 July 2013

An online housekeeping book is easier to use than a checkbook. This online household books give you insight into your income and expenses.

Click here for a good comparison between the different providers (in dutch)

Borrowing money, Good advice, In the media

Savings

No Comments 18 June 2013

The sixth part of the Personal finance series concerns with the saving money for children and hobbies. At first there is traditionally short test, which reminds you the information from the previous episode and then the video starts with the new theme.

Childbirth means responsibility for its future and welfare. There are various types of insurance, which protect your childs future. That includes life, family and child insurance.

Via building society account, pension security scheme, investment life insurance and unit trusts you can save sum of money, but it lasts long time and it has low liquidity.

Unit trusts enable to save more money for shorter time, you don´t need lot of money for becoming shareholder, it has high liquidity and various risks.

The video gives you the information about types of unit trusts, which of them are more risky and how long you should keep there your money.

Whatch this video in czech.

Good advice, Meetings

Tri-lateral meeting UK – NL – IT

No Comments 05 June 2013

A special meeting was held in Leeuwarden, Netherlands from the 22nd to 24th May to discuss aspects of the organisation and delivery of the Debtless workshops. Three partners were represented at the meeting: our hosts the Netherlands Partners, deplannenmakers – Crystal from the UK and NEED from Italy.

The meeting was held onboard the amazing Ark – a floating metal structure on the waterways of Leewarden which is home to deplannenmakers.

Captain Ritske Jan Merkus can be seen in the foreground with the ARK behind. The meeting proved to be most interesting and valuable and provided an excellent review of ‘best practice’ relating to the workshops.

 

Borrowing money, Good advice, In the media

Saving for a retirement

No Comments 04 June 2013

This part of the Personal finance series deal with the saving money for a retirement. During your life you get used to your life standard and in a retirement you will probably want to keep it up.  In that case you shouldn´t rely on the state pension and you should choose the bank product in order to saving money for retirement.

One option is the pension scheme. This kind of insurance is supported by the state and there are also benefits for the employer, who would contribute to your savings. The profits are not fixed and you would receive at least the money which you paid in. The premature termination means you would lose benefits from state.

The video also inform you about private life insurance, its types and differences and about unit trusts.

Whatch this video in czech.

Borrowing money, Good advice, In the media

Bank products

No Comments 10 May 2013

The fourth part of the series called Personal finance gives you the information about choosing appropriate bank product for saving money. At first there is traditionally a short test, which reminds you information from the previous episode and then the video continuing to the new theme – bank products.

For saving money you can use one or more bank products, gradually or at the same time. You should draw a comparison between an offer of the product and your goals and options. Different bank products have different risks and liquidity. In most cases, higher risks and lower liquidity means higher profits.

Bank deposits belong to the most safety forms of saving. In case of bankruptcy of the bank, 90 % of your savings will be given to you (within the amount of 25 €). However, the deposits are really low, so it is suitable for short-term goals.

Building savings have higher deposits and include benefits from the state. Nevertheless, you have to save money at least for 6 years and you cannot handle it – it has a very low liquidity.

Well, you should think about your incomes and goals and choose the product, which would fulfill your requirements the best.

Whatch this video in czech.

Borrowing money, Good advice, In the media

Ensuring risks

No Comments 19 April 2013

The second part of the series called Personal finance gives you the information about ensuring risks. However, at first there is a short test, which contains questions regarding the topic of the first part – personal financial plan. Authors will remind you everything they said the last time and then they will continue to the new theme, which are ensuring risks. The video familiarize you with the different kinds of insurance. There is a lot of products in the market and in every part of your life exist different risks, so you should choose the one that suits you the most.

The main types of insurance are health insurance, which covers a treatment, hospitalization etc., accident insurance and life insurance. The health insurance can contain saving up for your retirement, for example. In the Czech Republic this kind of insurance is supported by the state.

Another kind of insurance is liability insurance, insurance of property or households.

Nowadays still a lot of people don´t take out insurance and rely on a luck. They incur the risk of these problems not only on they own, but also on their close relatives.

Watch this video in czech!

Borrowing money, Good advice, In the media

Personal Financial Plan

No Comments 19 March 2013

Looking after money is always worth it and it does not matter how much fund you have. Proved technique is the personal financial plan. Authors of this video set a target to give you a piece of good advice for the creation of this plan, and give you information about its four phases: analysis, plan, implementation and revision.

The analysis includes your income and expense. That reveals your surplus of money, which you could invest or save.

The plan contains a choice of your goals and financial products, for example reserve fund, closed-end investment fund, superannuation, life insurance, unemployment insurance etc.

The third phase, implementation, covers negotiations with banks, insurance companies and financial intermediaries. This phase finishes when the contracts are signed.

The revision is period in which you are checking if financial products work as they should. If they don’t, you should change your choice.

The main thing is that your income covers your expense. If it does not, you should make a change for the better.

In conclusion, authors summarize information about the personal financial plan. Are you interested in this topic?

Watch this video in czech!

 

Borrowing money, Featured, Good advice, In the media

So That the Debts Did Not Hurt

No Comments 05 March 2013

The topic of this video is a hot issue – family/personal finance. Video sets a target to give you a piece of good advice for better money management and recommendation to be knowledgeable in tempting offers of banks and finance companies.

Nowadays, a loan or mortage becomes something common not only in the Czech Republic, but around the whole world. However, how to choose the right loan and do not get stuck in debts? At first, there is advertising. Creators of advertisement are often professionals and they know a lot about our psyche. In most cases, advertising is not absolutely deceptive, but they often do not inform about everything. For example, there is a possibility to change repayments, but an advertisement does not inform about the fact that this service is paid for. Next issue is a place where you sign the contract – the interior is comfortable and relaxing, so it is important to be still observant and aware of risk.

In conclusion, authors summarize information about loans and give us advice to keep ourselves informed actively and keep in mind that the loan is never for free.

Click here to watch video in czech.

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