Financial optimization and loans

Numerous consumers shy away from taking their own financial optimization into their own hands. But finances in particular are an important foundation for life. Who would not like to have more money available, in order to beautify with the one or other acquisition the life? Loans and own money make it possible quickly and safely. In principle, with three simple tips for financial optimization, some savings are possible.

1. Taking advantage of a free current account

The sensible financial optimization starts with the current account. Everyone has it at their disposal to send and receive money. Many consumers pay for the current account, however, to the bank. This includes monthly usage fees and various amounts for standing orders and transfers. Also credits, like z.B. the overdraft facility, are charged high interest rates. Actually, the bank works with the customers' money, it's their basis of business. Therefore, fees should be avoided without a guilty conscience. There are quite a few financial institutions that offer their customers a permanently free checking account. With the financial optimization one must decide only for one of these institutes. However, the scope of services in the free checking account varies enormously. The choice between the offers is difficult. Important would be the principle that the current account fits your needs.

2. Financial optimization with a flexible savings account

For the fulfillment of larger desires must be saved as a rule continuously. Loans contribute another part, but not everyone necessarily wants to resort to them. Smart saving plays a fundamental role in personal financial optimization. Many consumers today still use a classic savings book, but this was only the passable solution in earlier times. The credit interest melted down in recent years to fairly small amounts. Up-to-date the interest height lies even only very slightly over the absolute zero point. This is not the only reason why using a savings book hardly makes sense in the present day. There are other disadvantages.

As an alternative, the call money account could be used in the context of financial optimization. The interest rate on deposits is almost always higher than on traditional savings deposits. Furthermore, the call money account scores in the availability of finances. A large part of the money or the entire balance can always be withdrawn free of charge. With the savings book only a maximum sum is paid out monthly, which lies around the 2000,00 euro. For a higher amount, a three-month notice period takes effect. This can only be circumvented by higher penalty interest rates for increased withdrawals. The high security of the savings account is often cited, which is not wrong in principle. As with the call money account, the deposit protection of the banks ensures the protection of the credit balance. However, many consumers do not know that the savings book is a so-called "limping bearer paper". This means that banks do not need to check personal details when making payments. Thus it happens that the savings amounts are withdrawn by thieves.

3. Optimization of credits

Loans once taken out can certainly become more favorable. New interest rate offers make it possible. Thus z.B. all loans are bundled into one. Debt restructuring creates relief for the consumer, and the overview of one's finances grows. High monthly installments on loans can be wisely rescheduled for cheaper ones. This is especially useful for overdrafts that are constantly overdrawn.

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