MonthJune 2019

How to save money with old appliances in the kitchen?

The refrigerator is turned on day and night , so it has a lion’s share of the total household consumption. If you decide to buy a new one, find out its energy intensity. Buy here with the best price / performance ratio. Today, refrigerators are only produced in the energy category “A” and higher, so you will be invested in a few years.

Daily operation of state-of-the-art refrigerators costs you CZK 1.60, while a 15-year-old refrigerator costs you CZK 12 a day. If you replace an old refrigerator with a new one, you will save almost CZK 4,000 a year.

You can also save money by placing the refrigerator in a reasonable place. Be sure not to place it next to an oven or stove that is radiating heat. When the refrigerator stands next to a heat source, it consumes more cooling energy, and it costs more money. Set it best in the shady corner.

Remember to defrost the refrigerator regularly. Only 3 millimeters of ice increase electricity consumption by up to 75%

New stove? The induction plate is the most effective

New stove? The induction plate is the most effective

In comparison to electric and gas cookers, the induction plate is the most advantageous . Although it is a bit more expensive, the cost will be refunded thanks to faster cooking. You can save several hundreds by choosing a lesser-known but quality appliance .

But you can also save with a gas stove. Clean the burner area regularly, remaining grease reduces thermal efficiency. Choosing the right pots is also important. The bottom surface should follow the size of each hotplate. Too small or large pot of cooking will become more expensive.

Use residual heat on both the electric hob and the induction hob. Turn off the hot plates five minutes before the end of cooking, cook the food on the cooling surface.

The lids and pressure cooker are priceless

The lids and pressure cooker are priceless

Whether you use gas for cooking, induction, or electric cooker, use lids.

Cooking is faster, reducing consumption and thus saving. Without lid, the consumption is 150 to 300% higher.

Another useful tool is the pressure cooker. It can save up to 60% on energy costs and 80% on time. Steam cooked lunch is also very healthy.

Put the dishes in the dishwasher

Put the dishes in the dishwasher

Dishwashing also has the potential to save considerable amounts. Especially if you wash it manually. The dishwasher consumes a fraction of the water and you save up to 30% of the cost. However, clean the filter regularly to maintain the efficiency of the dishwasher.

If you are in favor of manual washing, at least fill the sink and rinse the dishes. Do not wash it under running water, this is the most expensive option.

Do not use the kettle only for tea

Do not use the kettle only for tea

An electric kettle is best for water heating . Use it for example to prepare spaghetti. Do not heat the water on the stove, pour the spaghetti with warm water from the kettle . The water in the kettle will heat up faster than on the stove and you will save money . Only heat as much water as you need.

What unique features does installment loan bring?

Bankate does not need long introductions. In the segment of non-bank loans are among relatively well-known names. Now this company has come up with an interesting innovation, which is called Bankate installment loan. Since it is not yet widespread, it is definitely appropriate to look at the unique features. Here is a list of them.

Bankate in installments is not a micro-loan

Bankate in installments is not a micro-loan

The first unique thing to definitely mention is that Bankate in installments is not a classic micro-loan. It is a loan granted by the same company, but under a different business name. And so it differs in its characteristics. When we look at a particular classification, it falls rather into the segment of so-called consumer loans. Specifically, the category of non-purpose, which is characterized by the fact that it is not necessary to prove or indicate the purpose of the use of funds.

It still offers rather lower amounts

It still offers rather lower amounts

A classic micro-loan is characterized by a rather low amount of money. Specifically, there is a maximum amount of CZK 30,000. And how is Bankate in installments? It is a consumer loan, but even here the amounts are not significantly high. When we look at the lowest amount, it starts at CZK 10,000. If it is the maximum that can be obtained from the provider, it is the amount of 60 000 CZK. If we look across the non-banking segment, they are actually rather lower sums, as the competition is able to offer even amounts that are in the order of hundreds of thousands.

It has interesting options for flexible repayment

 

We have mapped the characteristics of the amounts. Now let’s also look at how it is with repayment. This will certainly please, as it can be described as quite flexible. Of course, the applicant can also choose how long he will repay his loan and how high will be the amount of the specific installment. The shortest available time is a period of 3 calendar months. As for the longest period, it is a period of 24 months. It should not be forgotten, however, that there are several advantages to repayment settings. These include:

  • Postponement of installment
  • Extraordinary installment
  • Possibility to increase or decrease the repayment

Bankate in installments can thus accommodate applicants, taking into account their needs. Not only in connection with the application itself, but also at any later time when the payment schedule needs to be modified.

Interest rates are higher

Interest rates are higher

The interest rates offered by Bankate installment loan are also unique. Here, however, we must make it clear that these are rates that are not very attractive. So they are not too low. It can be deduced that they are based on the segment of micro-loans, which are also not the most advantageous. However, the first free loan is not available here either.

If we look at interest, which is due to maturity in the range of 12-24 months, then we must say that its annual value ranges between 60-70 percent, which is certainly not a rate that would be extremely advantageous. Exactly opposite. Since Bankate’s installment loan also offers a loan for less than one year, it should be noted that the average annual interest rate here climbs up to 200%. However, this does not imply repayment of several times the amount borrowed, since the value of interest is mainly affected by the calculation methodology. With a loan amounting to CZK 60,000, 70,000 CZK will be paid depending on the repayment period at three months ‘maturity, or less than 84,000 CZK at 12 months’ maturity.

Table of installments

Table of installments

Loan amount Due date INTEREST APR total amount
CZK 10,000 3 months 206,15% 570,20% 13 616,64 CZK
20 000 CZK 6 months 113,43% 195,60% 27 112,26 CZK
30 000 CZK 12 months 66.66% 91.30% 41 898,36 CZK
40 000 CZK 18 months 67.26% 92.40% 64 538,28 CZK
50 000 CZK 24 months 59,69% 78.90% 86 683.2 CZK
60 000 CZK 24 months 59,69% 78.90% 104 020.08 CZK

The application procedure itself

The main unique thing about him is that everything can be done without personal meetings, as well as without the need for complex administration. Everything is done completely online, which puts Bankate in installments into the category of the simpler options and ways that exist in the non-banking segment. Not to forget that everything is done in three steps, which are successively linked. These are:

  • Withdraw money and maturity in an interactive form
  • Registration of a specific applicant
  • Approval process associated with delivery of necessary documents

If everything is done in the affirmative, it means that the client receives the approval information, which also means that the client is also sent funds. Everything is done exclusively by cashless transfer, ie in the mode of bank transfers.

Bankate will also offer customer administration

As mentioned above, it is also the duty of each applicant to register. This is necessary not only in order to verify its identity, which is linked to the terms of the loan. This is also necessary to create a client profile. And in the customer interface, which can be logged in at any time. It is here that he has information both at what stage and how his application is proceeding, and later he will find information about his loan. This gives it a clear overview of the main facts, including:

  • Payment amount and payment details
  • Dates of next installment
  • Number of remaining installments and amount remaining

Conditions are classic

Conditions are classic

Many people would expect Bankate’s installment loan to be significantly benevolent. This is because it offers a micro-loan, but also because the amounts are still relatively small. In benevolence, however, this non-banking provider is still hindered by domestic laws. According to them, it is obliged to check the ability to repay for each applicant. And that is also one of the conditions. If we stay with creditworthiness, it must also be remembered that the condition of obtaining money is also good financial history, as well as stable income.

If we look at the conditions related to personal screening, it is necessary to have national citizenship, the age of majority and the obligation to have 2 identity documents. Due to the method of payment, it is necessary to have a bank account with some domestic banks, which must be kept in the applicant’s name.

6 mistakes of who wants to save money and how to avoid them | Debts

The desire to save money is shared by thousands of Brazilians who seek to balance their finances, have a reserve for the future, make investments and achieve greater financial stability for themselves and the family.

 

However, there are some mistakes that you make and directly affect your plans to save to achieve your goals . In this text, you will know what they are and the main: how to avoid them. Follow us!

Do not set goals to save money

1. Do not set goals to save money

The first one is not having money-saving goals, saving only what’s left after spending, paying bills, and buying new things for the entire month.

By doing this, you do not create the habit of saving, you can not keep a fixed amount for your financial reserve, and therefore it takes much longer to achieve your goals. Not to mention that the chances of getting discouraged along the way are great.

Therefore, you need to stop, sit down and evaluate your net income to set a percentage – between 10% and 25%, depending on how much your budget is loose – that will be saved as soon as your salaries fall on your account. Thus, there is no danger of spending this value or using it for other purposes.

Not knowing what your expenses are

cash

A second misconception is not knowing what your monthly expenses are . After all, if you have no control over what you spend and how you are budgeting yourself, you will hardly have the ability to set economic goals and take them on. Therefore, it is important to review this posture and adopt a larger organization in your routine .

To do so, create an expense spreadsheet and note religiously all your financial transactions, their values ​​and what segment they are linked to. Below, we exemplify. Look:

  • leisure: programs, tours, trips etc;

  • health: medical plan, dental plan, exams, remedies etc;

  • housing: rent, gas, water, internet, condominial fee etc;

  • education: college, language school, college, exchange, etc.

In this way, it will be possible to monitor the evolution of your expenses , determine what aspect of your life there are higher costs and avoid, even, late accounts that may generate future headaches.

Try to cut all expenses at once

3. Try to cut all expenses at once

You have just identified where your money is going and realized, for example, that leisure is your main source of expenditure. Because of this, you decide to take action to save money and save more . What’s the first thing you do?

If you said cut all the expenses you have in relation to it, know that the answer is wrong . Although the intention is good, execution of this idea is not the most appropriate. This is because radicalism can, at first, even have the desired effect.

However, it will only take a few weeks for you to notice that it will impair your quality of life and your mental health , since you will no longer have programs to relax, enjoy and enjoy with your children, friends, relatives, etc.

Therefore, the ideal in this situation is to assess which leisure expenses are unnecessary , which are repeated and which can be replaced by more economical alternatives . From there, just do a planning and put these measures into practice.

Leave all the money in the checking account

 

A fourth quite common mistake is to keep your money in the checking account , including the one that is being spared with so much effort. The reason for this is quite simple: with this value always available and easily accessible, it increases the temptation to spend it and the false certainty that you later restore it.

The problem is that this becomes a habit and when you realize everything you’ve saved is gone. Therefore, it is best to separate it, either by saving it in savings, by investing it for income, and by increasing its reserves .

Use credit card without control

In addition to what we have already mentioned, know that using credit card discretion can also become a big problem for anyone who wants to save money. After all, a lot of people use it for small day-to-day purchases because of their derisory price – for $ 10, $ 20 or $ 30, for example – and forget that on the invoice they will be charged unified form at the end of the month.

Not to mention, of course, those who make various acquisitions and always parcel out the value of them without taking into account the benefits that are already open. As a result, this account can weigh in the pocket and, if not paid on time, generate a debt with steadily rising burdens that will destabilize your budget and prevent you from meeting your goals set there at the beginning.

Therefore, it is of paramount importance to increase self-control in relation to the credit card . As? Keeping only one copy and reserving it only for cases of real need. Instead, opt to always shop in plain sight.

Spend money every time you leave home.

To conclude, one could not miss a misconception present in the routine of many people and that is intrinsically related to the last two errors that we address: the habit of spending every time that leaves home .

To get an idea, there are those who can not take a stroll in the mall that inevitably ends up buying something they saw in a shop window. Because of this, saving money becomes a non-viable task and the chances of acquiring debt increase considerably. In these cases, it is crucial to deal with the impulses and become resistant to them .

For this, you can use a few tricks when leaving home, such as not taking any credit or store card, just walk with a necessary amount for transportation and food, disable the card-free service on your checking account. automatic boxes etc.

As you have seen, there are simple – and sometimes trivial – mistakes that can hinder and delay your money-saving plan . However, with organization, self-control and preventive measures it is possible not only to avoid them, but also to ensure that it is possible to create a solid and continuous financial reserve .

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