General Business Solution

Posts Tagged ‘economic’

When talking about Personal Finance, one of the main issues involved is that associated with the current revenue administration and expenditure control, and optimize the use of both lines in order to improve the current situation and economic benefit that in the future allow us to have a decent retirement, financially speaking.

Therefore, the first concept that comes to improving the situation is “pay you first rule”, which is known by everyone but implemented by few. The reasons for this behavior may be different, since the income is not enough for me and I have no ability to save! To what I can save very little and no sense!

This rule is easier to implement than one might imagine, but it requires discipline, methodology and establish a specific objective, which together form a plan of action.

Discipline, let him be consistent with the action to be paid first with the frequency that is established and to fulfill that commitment no matter what happens, is to make it automatically.

The methodology will help to establish the most effective mechanism to pay first and how they manage those resources. Knowing how and where to put paid.

The objective must be sufficiently attractive and achievable within a reasonable period of time and amount to be cumulated with the intention of not running the risk of giving up.

The first be paid not only should focus on putting aside a certain amount of money based on net income, it is also about knowing where to place the resources to save as those for current expenses, with the idea that these are not affected by commissions, taxes and any other items that detract from its economic benefit.

One factor that may discourage the implementation of this rule is that the amounts saved are initially very low and might not make sense to do so. Reason why a very valid question arises regarding the initiation of this plan is how much I paid? Basically when you have the thought that current income is insufficient to execute the payment.

Economic hardship has many local banks in Cameroon, many of which were closed by regulatory authorities or affected restructured under its supervision. In Cameroon these banks B.I.C.I.C. Meridian B.I.A.O. Cameroon Bank closed like many local banks were in trouble and under some form of “media.” Ignoring local banks amounted to 23 percent of total assets of commercial banks in Cameroon. The cost of bank failures is very difficult to measure: most data is not in the public domain, while the final cost to depositors and / or taxpayers of more bank failures that occurred between the time period 1988-2004, the number of bank assets is not “on purpose by the liquidators again. The cost is almost certain to be significant. Most of these banks were caused by late payment. areas that affect most Half of the loan portfolio was not typical for banks. Many doubted Perverse incentives to take imprudent private bank: moral hazard financing strategies, credit and loan insiders, including high interest rates for borrowers in higher risk segments of credit markets. Read the rest of this entry »

In September, bank lending to the private sector more than that allocated in the previous month. Bank of Spain has announced that the loans granted by financial institutions to firms and households increased by 24.4 and 18.6% respectively, compared with August.

In previous months, the economic crisis has pushed credit enthusiasm, and funding provided to the droplets. The result is alarming: the lack of further consumer credit has been paralyzed, which continues to act and before the problem difficult to handle fertilizer, many companies have shut down their activities.

The primary basis for the economic recovery is that the loans flowing again in the private sector.

Bank figures show that Spain when applying for loans to buy homes prefer the savings, but choosing the banks in consumer credit and other purposes. Read the rest of this entry »