Prepare In Advance For A Return To Normalcy

The year 2021 will be divided in two. The first half will be marked by the launch of vaccination campaigns around the world, debates on this topic, news and information about the evolution of the epidemic.

Then, starting with the end of March, its intensity will begin to decrease, optimists will say that it can happen even earlier, and from April we will enter a period of transition to normal – with the relaxation of protection measures, travel, reopening shops, terraces, with family events, going to work, busy traffic and everything we lacked during this period.

It is very probable that at the end of spring there will be a great demand for developments and arrangements on the real estate market.

Deferred plans for more than a year will become possible, and many of you will want to start housing improvement projects, construction or purchase of new houses or apartments.

This will lead to a congestion that will come with a very high demand and high prices for housing, construction materials, furniture, but also a new labor crisis.

In order not to get into the tumult of returning to normal, one that will be as stressful as isolation, it is good to prepare.

Five tips to prepare your design project :

  1. Do not hesitate to use this period of peace to plan your steps in detail.
  2. Try talking to interior design specialists right now.
  3. Use the application developed by Interioronline and calculate your budget.
  4. You can now make online purchases of materials, furniture and other accessories to prepare for next year.
  5. Now you can find better prices and have a choice.

When it will return to normal, the demand will be very high, and in the first phase blockages may occur.

Planning is important. You can have access to the best experts, save money and resources.

2021 will be a year in which everyone will try to recover what they lost during the school pandemic, to money, career, housing and vacations. Be one step ahead of everyone!

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How To Build A Healthy Financial Situation

I know, I know, only when I hear the word ” saving ” and you already feel your ears scratched. Unfortunately, people tend to spend way too much!

I’m glad, but I’ll be ruthless and I’ll tell you straight in the face that without the ability to save money, you lost the fight from the start. You will never reach a healthy financial situation.

The constant saving, month by month, is not miraculously achieved, but is the result of a process of planning, budgeting and keeping track of the money that comes in and out of your cards.

Learn About Finance And The History Of Finance, Respectively Its Cycles

I don’t know how to put it another way, but I just have to! After all, it is not at all useful to save money if you do not know what to do with them, respectively in what to invest them.

You don’t have to go into detail, but you should know what financial instruments are currently available on the market, how they work and what impact they have on your personal situation.

Will it help me predict the next crisis?

Of course not, but you will definitely know how to react in such a situation.

Learn About Taxes

I admit that for me this topic was the most boring and annoying, but I still ended up being a tax master.

Once you know what you could do with the money you save, you need to know exactly what taxes apply to your various investment vehicles. This will help you make the best investment decision because taxes as well as commissions can greatly erode your profits.

I admit that taxes are the least fun to study, especially for Europeans because each country has its own tax system and as soon as you go abroad, things get complicated. If, for example, you buy a bond, stock, ETF, fund, etc. from abroad, you should know how you are taxed as a foreign investor for the country where the financial instrument is domiciled. Here, agreements between countries play an essential role, as well as juggling scholarships to pass tax heavens.

Learn How To Detect Financial Spikes

Sometimes financial pitfalls are not so easy to spot because they take many forms . Often these financial pitfalls come from people or institutions that our intuition tells us we should trust.

These money-eating gremlins (your money!) Are extremely experienced and well trained in the art of concealment. They will throw in some golden phrases like “you will take advantage of the power of compound interest”, “you will have a higher pension”, “you will get higher returns than bank deposits” etc. to reinforce the idea that they know what they are talking about, doing- make you feel comfortable following their advice.

As I said, a financial stake can come both from a large institution, but unfortunately also from individuals, ” financial consultants ” or personal finance bloggers. It is a sensitive subject…

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How Do We Calculate The Need For Retirement?

To calculate the need for retirement we need to think about what standard of living we currently have and what our needs will be at retirement age. For this we can make a plan in 4 steps to make it easier to carry it out.

Estimation of costs / expenses at retirement age

First of all, we need to think about what we want the retirement period to look like for us. Where will we live, if we will stay in the current home or if we want to move, what activities will we carry out, if we will travel or not, if we will want to dedicate more time to hobbies or if we will take care of raising and educating grandchildren . This means that we must set clear and measurable goals for the retirement period.

Another important aspect is the age at which we want to retire. Even if the public pension system imposes a minimum age at which we can retire, if we want to do this earlier we must see how we can achieve this.

Depending on the image we have of the retirement period, we can make some estimates of the financial needs we will have at that time. When we have reached an approximate amount, monthly or annual we can begin to think about how we will manage to accumulate that amount.

When making our calculations we must keep in mind that in general during retirement we will need about 80% of the value of the last salary in order to maintain our standard of living and at the same time we must be prepared to increase health spending. That is why it is good to inform ourselves and to consider different types of insurance that are more advantageous if we do it when we are young, such as life or health insurance.

Estimated guaranteed income at retirement age

How do we know the amount we can rely on from the state? For this there are some online computers, but we need to know what salary we had during the whole active period in order to be able to make an approximate calculation. Currently, the legislation is constantly changing and the pension point according to which pensions are calculated in the same way, which means that it is very difficult to approximate the amount of money we will receive from the state to the pension. One thing is for sure, if we are not a special case, it will not cover 80% of the value of the last salary, which means that it will have to be supplemented from other sources.

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