What should you pay attention when you take out travel insurance?

For those who like to travel, the journey is very enjoyable. However, it brings with it a number of risks. Especially when traveling abroad, the risks are in line. Already, many countries require travel insurance for travel abroad. However, those who do not have sufficient information on this subject may think that travel insurance is only an obligation.

This insurance, which includes very important guarantees for the traveler, can be made through any travel insurance company. However, having detailed information about travel insurance will make the process easier and will help you find the right travel insurance you are looking for. In this article, we will give you information about what you need to know about travel insurance.


What You Need to Know When Making Travel Insurance

What You Need to Know When Making Travel Insurance

The general scope of travel insurance is determined by the state. This is why the general scope and type of travel insurance will be the same no matter which travels agency you work with. However, the guarantees may confuse those who do not know much about travel insurance. There are two main options in the coverage of this insurance.

The first option is a 100-day guarantee

The first option is a 100-day guarantee

With this option, you will be limited to 60 days per trip. In the second option, there is no 100-day limit. There is a 90-day limit for each trip. For travel abroad, at the end of this period, you will need to enter and exit your dormitory in order for your travel insurance to continue. It will be in your best interest to pay attention to this issue when planning your travel abroad.

Another important issue about travel abroad is that some countries do not accept handwritten policies. In addition, if you become ill during your travels abroad, you must notify your insurance company within 24 hours. Otherwise, you will not be able to benefit from the insurance cover.

Travel insurance is divided into two as exempt and exempt

Travel insurance is divided into two as exempt and exempt

Exempt travel insurance will be less costly. However, in this option, the insurance company shall exercise the right not to pay for damages below a certain amount. In the case of exempt travel insurance, the insurance company undertakes to pay you every penny for any damages covered by the guarantee.

Personal Finance: Take Control With These 15 Simple Tips

 Having control over personal finances is critical for everyone.

It may not seem like it, but it’s simple to manage and enjoy your money. You can increase your equity by following some tips that we will give.

The secret is in discipline, in knowing how to manage personal finances .

Unfortunately, we do not have the culture of financial education. The education system does not have methods to bring this knowledge to the children.

But this reality is possible to change. Adults who have learned how to manage finances with their parents can be considered lucky.

Concept of personal finance

Concept of personal finance

We call personal finances every decision you make to manage your money and your assets.

The concept also extends to the financial management of a family .

It is a discipline, so when we talk about personal finances, we are talking about practice, strategies for approach and decision making.

We can say that not all the people who get rich know the concept of personal finances , but they all apply it.

This is because it is a set of practical knowledge about capital management .

It is through the organization of your finances that you can have a comfortable and quiet life.

How to organize personal finances?

How to organize personal finances?

The organization of personal finances is fundamental for those who want to extend the patrimony. And there’s only one way to do it: making more money than you spend.

For this to happen, you must know how much goes into your box and how much it leaves. More than that, you need to know where your money is going.

As? Through financial education. It may not seem like it, but taking care of money is a science and an art.

There is no formula to enrich, but there is a discipline necessary to make money. Let’s see what it is?

15 Proven Personal Finance Tips

15 Proven Personal Finance Tips

Wealth is not the result of chance. If it were, there might not have been an economics faculty.

In addition, more and more the pursuit of financial education study, as people began to awaken to the subject.

It is known that there are habits that help you to get rich. Here are the top 15 tips for your personal finances .

You will know the ideal path to strengthening wealth and enrichment. Check out!

1. Manage finances using a personal finance worksheet

One of the simplest tools for controlling expenses is the spreadsheet. It is easily adaptable to your financial reality .

Basically you can build the table you want, moreover, it is easily understood since you only need to list the expenses to have control.

Of course, there are several types of worksheets that vary depending on the complexity of your income.

However, you need to know that any table is better than not having a control.

And if you do not know where to start, download the spreadsheet’s Good To Credit spending.

2. Swap debts and high interest for smaller interest to control your personal finances

One habit you should have is to always look at the interest rate on everything you are hiring, be it a service or a credit card .

You will be amazed at how much fee you pay.

Compare values ​​and always opt for the lowest interest rates .

Over time you will see that it is worth more to wait to pay cash – and to have a more direct negotiation, with discounts – than to pay in installments and end up paying double the amount.

If you want a low interest rate on a personal loan , check out the conditions of the Credit Lender partners, since they are the lowest rates in the market .

3. Cut Unnecessary Spending

List all your expenses to get a balance. You ‘ll see where your money is going .

From there, you get to know what really matters, and what is superfluous.

With this, it is possible to make unnecessary spending cuts , one of the main tasks for capital accumulation.

If you find it difficult to lay down the expenses that are unnecessary, ask yourself a few questions, such as, “Do I really need this?”, “Is this helping me in any way to make more money or is it lost money?” And “I can change this product for a cheaper brand? “.

4. Pay your bills on time

If we do not have control of the accounts, we may even forget a few tickets.

One way to never lose yourself is to pay your bills on time . You avoid headaches or even fines that would be part of your income.

You know how much interest can cost in your pocket. By paying by the day, you also create a habit of cherishing the payday, which is key to creating a solid equity .


5. Create a financial reserve for emergencies, save a little every month

Another fundamental step to have a good control of personal finances is to create a financial reserve.

Surely you already needed money in emergencies, and you had to take out other expenses or even borrow.

A financial reserve serves just that. With this background, you do not have to tinker with your accounts.

Save an amount every month to keep this fund. It is ideal that you have enough value to live at least 3 months without having to generate income.

This fund will serve both for health emergencies, repair of appliances, accounts of last minute, that is, everything that is considered urgent.

6. Trade in arrears

The ideal for building a solid financial asset is to have no debt. But when we are aware of this, we are almost always indebted.

The first step is to take out these debts, and a good way to do this is by renegotiating with the lender. If you can not pay cash – it’s ideal – at least try a good deal that guarantees you money and allows you to get paid quickly.

Remember that the faster you repay a debt, the better.

When buying, avoid paying in installments to not increase the amount with interest .

Likewise, it is ideal that you have a good amount to pay the debt in cash, as this will get you a good discount .

7. Use credit card consciously

Perhaps one of the biggest difficulties we face when we want to build an equity is to spend the credit card consciously .

To do this, establish really valid criteria, because the interest rate of the cards is among the highest.

A credit card is an extra utensil for your purchases .

Therefore, it is important that you understand that it should serve the good of your finances, it should not be an enemy. Be aware.

8. Create shopping list before going to the supermarket

If you have the habit of going to the supermarket several times during the month, whenever you remember that you need something, you know what it’s like to spend more than you planned.

After all, we usually buy more than we need .

Therefore, the idea behind this tip is simple: we need to go as little as possible to the supermarket , to avoid expenses.

As we pass between the shelves, we are reminded of products that we do not have in the pantry , often even unnecessary .

The alternative to avoid this problem is to create lists with everything you need to buy before going to the supermarket .

You do not only save money, it saves time too, the most precious commodity nowadays.

Have a great list to print so you can mark the items you need monthly .

By doing this, you minimize your trips to the grocery store and, believe me, will save a lot of money .

9. Create concrete personal finance goals

It is difficult to achieve goals without goals . For example, if you want to do 10 tasks in the week, you need to have at least one goal: that you have done half the tasks in the middle of the week.

In financial terms, your goals must be fully achievable . You can both establish how much you should spend in the month and how much you should make.

But be realistic: if you set a very high goal for your current condition, you may not fulfill it, and because of that you become discouraged by your routine.

An example of achievable goal is to reduce by 200 reais the expenses of the month. If it’s easy for you, you can increase it next month .

10. Understand the difference between fixed and variable expenses to control personal finances

Two fundamental concepts for the organization of finances are fixed expenses and variable expenses.

A fixed expense is one whose value is maintained regardless of the month, for example, the amount of your rent, the provision of the car, cable TV, the gym.

The variable expense depends on how much you spend, such as light, water, food.

It is important to understand these two concepts to know how to act in the organization.

If you need to cut expenses, you can try to reduce variable expenses , or cut from unnecessary fixed expenses .

11. Use the 50-15-35 rule to control personal finances

This rule states that you should dedicate 50% of your finances to essential expenses, 15% for financial priorities and 35% for lifestyle.

Essential expenses are all you need to stay on the day-to-day: light, water, market, gas, etc.

Financial priorities are those you need to direct the money to quickly, for example, a debt you need to pay or an investment.

The remaining 35% is for you to spend on your lifestyle.

In this category, for example, leisure time, spending on restaurants, drinks, clothes, travel, etc.

Rule 50-15-35 will help you stay on track and properly organize your finances .

12. Invest your money, even if it is little

It is no use to be moderate in spending and organized in planning if you are not making your money pay off.

You need to acquire assets, that is, you must count on alternatives that will multiply your money without generating many expenses.

Always invest , even if you do little about it in the month for that.

There are several types of investments in the market, good research will show you the best way.

But always follow this rule: Do not put all the money into risky investments (when there is a high chance of losing), but do not just stick with the conservatives (who make little money).

13. Teach Your Family About Personal Finance

You can be responsible for all the finances of your family.

But that is not enough if only you understand the subject. Financial education is essential for the family heritage of growth, although the income of through a person only.

Therefore, understand that knowledge about personal finance should be everyone’s. Teach your children, guide the family members who live with you so that everyone works together.

14. Do not use overdraft

Many people who break believe that overdraft is a kind of credit.

On the contrary, it is debt! For example, if you have 100 reais in your account, and the bank gives you 300 overdrafts, that does not mean you have 400 credit.

You have 100, but 300 available if you want to borrow.

And therein lies the danger: the overdraft interest rates are usually the highest .

It is possible to state that there is no “prudent” way of using the overdraft. The best is never to use it. Always keep credit so you do not have to resort to it.

15. Use an application to keep your personal finances up to date

Another tool that can assist you in controlling finances is an application. After all, they are easy to use and are always in the palm of the hand.

You can check how your balance is in the month, calculate expenses, write down accounts and more.

Tips for Choosing an Insurance for Your Property

Having a home of your own is a great achievement for many people. Ensuring that the much-desired construction or purchase is well insured can prevent headaches and allow quieter nights sleep.

But knowing how to choose an appropriate insurance policy can make all the difference so that the property is well covered against the possible risks. In addition, it’s critical that the premium amount (the amount you pay by insurance) fits in your pocket: even if it’s within budget limits, review your bills to include the cost of property insurance. Did you know that this type of insurance is lower than that of automobiles?

To help you when choosing the most appropriate insurance, we’ve listed four tips:

Evaluate the types of coverage

Evaluate the types of coverage

Before you start researching, think about what you want to protect. The coverages can vary from those that include the property to those that include the movable goods inside.

Generally, the most basic insurance covers only indemnify the damages caused by fire, explosion or lightning. From this initial coverage, which is mandatory for any insurance, you should assess whether the location where the property is located is exposed to risks that should be provided in additional coverages.

Buildings located in areas where flooding occurs frequently may benefit from additional coverages that go beyond the main. But people living in apartments will not benefit from insurance against the impact of vehicles, for example.

Among the additional coverages, insurers often offer insurance against flooding, glass and mirror cracking, theft or theft of property, family civil liability, and employee integrity. Other coverages may also compensate for damages caused by windstorms, hail rains, impact of vehicles or aircraft, electric damages, among others.

Consider movable property insurance

Consider movable property insurance

If you are also interested in the coverage of movable assets, that is, the objects that are inside the property, you will need to carefully lift all valuables you have inside. If the insurer does not do the previous survey, prepare the list to be attached to the policy with all items that will need coverage, including copies of invoices for items such as furniture and electronics.

In this case it is important to inform your insurance broker, or the insurer, of all assets that will be indemnified in case of damages. Reading the contract can be a boring and time-consuming process, but knowing the plan you are contracting to avoid unpleasant surprises in the future is critical.

Check out some items listed by the Superintendency of Private Insurance of the Ministry of Finance (Susep) that are not included in the insurance, even when the damage is caused by covered risks.

– Stones, precious metals, works of art and other valuable goods;

– Manuscripts, plans, projects, paper money, stamps, checks, credit papers, coins minted, books of account, etc .;

– Goods of third parties, received in deposit, consignment or guarantee.

Do the math

Do the math

Many people do not know, but the cost of a very complete insurance can vary between 0.5 and 1% of the value of the property. Compared to the insurance of a car, which usually ranges from 3 to 9% of the value of the vehicle, it is easy to see that protecting the home is not a privilege for a few.

It is important to know what influences the value of premium insurance when making the decision. This cost can be impacted by issues such as value of insured amount, location and use of the property (residence or vacation), type of construction and contracted coverage.

When defining the amount insured, it is common not to insure the total value of the property and the assets. Basic cover generally provides for compensation between 50 and 60% of the market value of the residence and the furniture and electronics.

Search well at time to hire

When it comes to closing the deal and taking out insurance, the broker can be extremely useful to guide you in choosing the insurer and the best coverage for your property. Remember that, as provided by law, the commission received by the professional is already part of the amount paid to the insurer, regardless of his participation in the hiring.

Procon indicates when it comes to acquiring the policy:

– Check that the brokerage firm and the insurer are authorized to work with Susep;

– Search and compare insurance values ​​from as many institutions as possible;

– Read carefully the proposal and the conditions of the contract;

– Make sure the proposal contains the premium amounts, insured amount and coverage.

With these tips it is much easier to choose the insurance of your property!


Early repayment of the mortgage loan

Conditions of prepayment of mortgage loan

mortgage loan

The prepayment of the mortgage loan is authorized by the terms of the credit. Be careful though to check the terms in the contract signed with the lender before a notary.

The law also allows the lender to refuse a partial prepayment that would be less than 10% of the initial paid-up capital.

Penalties in case of early repayment of mortgage loan

Penalties in case of early repayment of mortgage loan

Financial penalties may be claimed by the lender in the event of early repayment of the mortgage life loan. They vary according to the repayment methods and the period:

  • When the prepayment is made before the fifth year, the penalties represent four months of interest in the case of paid-up capital at one time and five monthly installments for a paid-up capital periodically;
  • Between the fifth and the ninth year, the indemnities represent two months of interest for a paid-up capital at once, and three monthly installments for a paid-up capital on a regular basis;
  • If the repayment is made in the tenth year, the penalties are one month of interest for the paid-up capital at one time and two monthly installments for a paid-up capital periodically.

How to make an early repayment of the mortgage life loan?

How to make an early repayment of the mortgage life loan?

When the borrower wishes to make an early repayment of the mortgage life loan, he must notify the lender promptly.

After having made sure to have the necessary funds in a bank account, the latter sends a registered letter with acknowledgment of receipt to the institution where he took out his loan.

This letter must imperatively specify:

  • Contact information of the borrower;
  • The contract number of the loan;
  • The amount of the early repayment if the latter is partial;
  • The number of the account that will be used for the transfer;
  • A request for confirmation of the amount of the penalties.

Early repayment of the mortgage life loan on the best terms

mortgage life loan

The prepayment of the mortgage life loan resulting in financial penalties, it is essential to calculate the method that will result in the least costs.

As a first step, you must consult the amount of the nominal rate and establish a formula:(amount of capital received x nominal rate) / 12 = amount of monthly interest.

Then you have to take into account the loan start date and the desired early repayment date, in order to pay a minimum of penalties.


Household insurance – to protect household contents against damage

Everyone should have a household insurance. In addition to the liability insurance, disability insurance and retirement savings, home contents insurance is one of the absolute compulsory insurance.

The household insurance as a meaningful property insurance for every household, whether small or large! This does not apply to homeowners. Also, who lives in an apartment accumulates over time a significant amount of assets. Quickly you can lose the expensive book or CD collection, the computer, the stereo or even the flat screen TV: by a burglary, by a water pipe break, by a fire, a lightning, storm or hail. With a corresponding household insurance (or also called: household insurance) is here perfectly secured, because it takes in all these cases.

What is covered by household effects?

What is covered by household effects?

Basically, household contents insurance covers all the objects of a house or apartment. So the furniture and the entire household. The condition is that the items are in the insured house or the insured apartment. This includes the garage or an annex belonging to the house.

 What is insured with household insurance?

Even if you store a canoe, a rowing boat or a bicycle in the house, cellar or shed, these belong to the household contents and are insured by the contents insurance. The same applies to the objects mounted on the house such as the satellite dish or the awning on the house or balcony. Also garden tools such as lawnmower are insured, as well as the fitted kitchen.

Something different is the case with objects in the garden. Items that are in the garden are not necessarily insured – this depends on the insurance. Some insurance policies include garden furniture or clothes that are on a clothesline in the garden or on the balcony, others not. Pay attention to this if you take out a household insurance – but only up to a value of 300 to 500 euros.

Expensive garden furniture should be stowed after use necessarily in a lockable room, so they are mitversicherichert in any case and you experience in bad surprise in case of damage.

By the way, home contents insurance is not restricted to one’s own four walls. Because of the fact that it is an integral part of this type of insurance, it also provides insurance coverage outside the agreed place of insurance.

Outside insurance is particularly valuable, as the insured person has full insurance cover at work, on the road, in the car or in the hotel room. Some providers even grant this in the hospital. Outside insurance also affects many providers in the event of theft.

And even items that have been put into the repair are also insured up to a limit of 10,000 euros or a maximum of 10% of the sum insured. When concluding a contract, it is important to pay attention to the point of external insurance and you should make sure which places are all insured.

By the way: vandalism is also insured. This includes the destroyed door lock in the event of a burglary or even a burglary attempt.

Beware of valuables and cash

Beware of valuables and cash

A safe is usually required for high cash and expensive valuables!

Who kept home special expensive valuables or even a lot of cash, which should definitely buy a safe, because that may not require insurance a certain amount, so that the insurance coverage. Also, insurers may set a cap on replacement.

Valuables include cash, check and credit cards and jewelery, as well as works of art, antiques and hand-knotted carpets. With antique furniture, there are no special regulations for storage.

What risks does household insurance cover?

Basically, the insurance coverage of a household contents insurance includes damage caused by fire, lightning, burglary, tap water, storm and hail. But even if an airplane crashes on the house pays the insurance. Damages caused by a possible war or an incident in a nearby nuclear power plant are not insured.

Natural disasters such as floods, landslides or avalanches must also be insured separately. Here, the protection of conventional insurance does not apply. Attention! Glass breakage is also not always insured. Often a glass insurance (also: Glasbruchversicherung) is offered as an option.

Make sure your insurance includes damage during thunderstorms. New insurance contracts usually offer this protection, but those who have an older contract, should check this necessarily. If a lightning strikes in a neighboring house, tremendous voltage can flow through the power lines and overload all connected devices and thus destroy them. That can be very expensive.

What do you have to pay attention to?

Over the years, household effects are growing. The household insurance should necessarily grow according to the sum insured. Those who do not adjust the maximum value often experience a rude awakening in the event of damage. Because the insurers only take over the damage up to the contractually agreed maximum sum.

When it comes to home insurance, it is important to check them regularly. If that is too expensive, you can also calculate the value according to the living space. The rule of thumb here is: 650 euros per square meter of living space. For an apartment with 80 square meters, this results in the coverage of 52,000 euros. Important: the amount of 650 euros is fixed. You can not set another amount. The advantage: for insurances that underlie this lump sum, the insurer waives the objection of underinsurance. In the event of damage, this means that the insurance company does not check if the customer is underinsured, the case may be.

The disadvantage of this form of insurance. The insurance pays a maximum of 52,000 euros for the exemplary 80 square meter apartment. So if you keep items with a value of more than 52,000 euros in your apartment, you should refrain from this insurance method.


Do You Need to Buy Credit Card Insurance?

Do you have credit card insurance? Is there really huh? What is the use of credit card insurance? This time independent financial planner Jane Lua will discuss credit card insurance.


Credit Card Insurance

Credit Card Insurance

You who have a credit card must have experienced on the phone with this protection offer. On the market, the name is famous for Credit Guard , Credit Shield , Credit Protection and so on.Do you need to buy credit card insurance - Independent Financial Planner Carol Kennicott

Based on the results of discussions with several clients, it appears that some people already have credit card insurance. Unfortunately they don’t have other life insurance or health. Surprisingly almost all do not remember the percentage of premiums paid, let alone the requirements of the policy provisions.

Some clients say that they get telephone offers from telemarketers . The process is also relatively easy, as easy as saying “yes” and verification of data, next month it can appear on credit card bills.

Most assume, credit card insurance is necessary because they do not want to burden the family with credit card bills if there is a risk to them. Hmm … the progress of awareness is quite good even though it is not necessarily all effective and correct. Let’s discuss it.


How much is the premium amount?

premium credit

Usually the range is between 0.5-0.9% of bills per month.

For example, let’s take an average of 0.7%. The average bill per month is 10 million rupiah. Means the premium to be paid is 0.7% x Rp 10 million = Rp 70,000. Apparently credit card insurance, the premium is quite affordable huh? It must be remembered, the larger the bill means the greater the premium that must be paid for the month.


Does credit card insurance have a legal basis?

Does credit card insurance have a legal basis?

Yes, we can see through the link below the Minister of Finance Regulation Number 124 / PMK.010 / 2008 concerning the Implementation of the Credit Insurance Business Line and Suretyship Article 1 paragraph 2:

Credit Insurance is a general insurance business line that guarantees the fulfillment of the financial obligations of the credit recipient if the recipient of the credit is unable to fulfill its obligations in accordance with the credit agreement.


Debt after Someone Died

Debt after Someone Died

If someone who has a debt (debtor) dies, according to inheritance law, the heir must also inherit that person’s debt! Especially credit card debt with exorbitant interest rates. So this is enough to support whether or not credit card insurance is necessary.

If the assets or inheritance left behind are bigger, there is no problem, the problem and troublesome thing is if the person turns out to be more in debt (although there are ways that can be used for this, Jane Lua’s team can discuss it in another article).

Do you need credit card insurance? The answer depends on the amount of debt and your financial condition. If the average person’s bills are not too large, (hundreds of thousands to several million rupiah), they already have life insurance (with enough insurance to pay debts) or have liquid assets or savings that are far greater than the value of credit card debt, actually not need credit card insurance.

If the budget for buying separate insurance does not yet exist and the use of credit cards is not routine, it can be a good consideration (only temporary, yes!).


5 Important things to consider are:

  1. Usually the card center and credit card collections are different parts, so the process of claiming is not as easy as giving additional credit card insurance over the phone.
  2. Be sure to know the policy / exclusion provisions. So understand the policies and regulations correctly.
  3. Can the average bill for this credit card insurance premium be replaced with term life insurance that can be purchased separately with premiums comparable / cheaper too?
  4. Learn technical how to claim .
  5. Make sure there are family members who know if you are interested in taking credit card insurance. This is necessary so that the family knows what to do if there is a risk.


Is it really cheap credit card insurance premiums?

Is it really cheap credit card insurance premiums?

Let’s try to make a comparison of the amount of premium paid. Amir, 30 years old, has an average credit card bill for his business interests reaching 100 million rupiah per month. It means that Amir must pay a credit card insurance premium of Rp 100 million x 0.7% = Rp 700 thousand. Here the premium paid is forfeited and the benefits received in the event of a risk (sum assured) are only IDR 100 million.

We try to compare with one of the pure term insurance products that are paid monthly, with a fixed contribution for a certain period (say 15 years) with a final benefit of maturity (the end of the premium payment) in the amount of the deposited. Without the results of investment development, because it is not a unit link .

The minimum sum insured that can be purchased is Rp. 100 million, with a premium of Rp. 200 thousand. There are several insurance companies that give returns on premiums that have been paid first, if there are no claims. In this case IDR 200 thousand x 15 years = IDR 36 million (without tax deductions).

It turns out there is a difference in the amount of premium paid Rp 700 thousand (credit card insurance) and Rp 200 thousand (insurance term life ) for the same money insured value.


So what are the benefits of credit card insurance?

So what are the benefits of credit card insurance?

Based on the comparison above, it turns out that credit card insurance is not cheap. Credit card insurance can be used in a short time. The author himself prefers to separate, because the process of claiming becomes easier and has been able to manage how much it will cost. Hopefully the discussion of credit card insurance is quite clear and useful .

So do you need credit card insurance?

How do you use the “envelope financial system”? – Let’s look at the rules

The most important issue in today’s household is how to stay within our own financial borders without losing our credit cards, commodities credits, and personal loans. There are many people who unconsciously, but are already using financial envelopes of the “envelope financial system”. In this article, we will follow the most important rules and principles of this system.

If you like spending, the envelope financial system is right for you, as you will be able to keep yourself in control!


# 1 Buy colorful envelopes for yourself

# 1 Buy colorful envelopes for yourself

Many types of envelopes can be captured for this purpose. However, I suggest that you try this method with enveloped envelopes, so you can apply the principle absolutely without any possibility of error.

You’ll need exactly as many envelopes as you have defined for your main spending groups. I do not recommend that you create a separate group for each of your spending because you end up confused. Instead, try to create the clearest possible division!

I have determined myself the following division:

  • Overhead Envelope
  • Credit envelope
  • Food envelope
  • Entertainment Envelope
  • Pocket Money Envelope
  • Envelope with clothing
  • Travel (not vacation) envelope


# 2 Share your pay and place your money

# 2 Share your pay and place your money

You have to share and deposit all forints! The most important thing is that you can’t stay “back”, all the money has to find the right envelope! Surely the question has arisen in you that this is all right, but where is the savings envelope?

You have to learn not to put aside the money that remains after spending, but spend the money that remains after the savings!

From your monthly regular income, you first withdraw the money you need for the purposes defined by the Good strategy, ensuring your medium and long term goals. You’ll then share the remaining money in your envelope financial system!


# 3 Determine Exact Amounts!

# 3 Determine Exact Amounts!

You will probably not be able to use this system properly if you cannot determine the exact amount. The reason for this is that the human brain thinks very sharply at the end points. Always “wondering” how to get from B to A.

By analogy, it is important to remember and define the amount of money that we are dedicated to for that purpose. However, you should not penny, you should not calculate the exact amount of money to the extreme, because we do not leave any room at all!

The unit of measurement of the system is HUF 1,000

  • Overhead envelope – HUF 150,000
  • Credit envelope – 50,000 forints
  • Food envelope – 70 000 HUF
  • Entertainment Envelope – 50,000 Forints
  • Pocket Money Envelope – 30,000 Forints
  • Envelope Clothing – 30,000 Forints
  • Travel (non-holiday) envelope – HUF 30,000



# 4 Always withdraw money from the required envelope! – The meaning of the envelope financial system

# 4 Always withdraw money from the required envelope! - The meaning of the envelope financial system

The whole system will work if you stick to the envelope system strictly. Always withdraw money from the appropriate envelope for your particular spending and return it to the same person. For you, this frame is the purpose you have set for yourself.

If the money is out of the envelope, it is strictly forbidden to redistribute the money from elsewhere, especially for any savings . Not even temporarily, not for 1 month, except in case of force majeure. The reason for this is that you will most likely want to overspend on something that was not planned. If this spending is planned, you could finance it from your “vacation” or “liquid savings” account.


# 5 Repeat next month

# 5 Repeat next month

Art is not that you are trying the system for one month and you find that it works / does not work. The real challenge is to start the second, then the third month, and face the cruel realization that so far

  1. you are constantly over-spending
  2. more and more money is left

For the sake of recognition, I would open an extra envelope in my place where I would transfer the money left in the envelopes from the previous month on the day of each month’s payment. I would always count how much I put over and would probably be surprised to be able to move more from month to month and how much money I earn in this bonus envelope…

Payday loans granted without checking the databases

Nowadays it is very difficult to get a payday loan without checking databases. On the non-banking market, however, there are not many companies that do not use this type of data verification and are based mainly on the customer’s current lending capacity. Further illustration at gatineaufaillite.com

In the initial phase, non-bank loans were granted mainly on the basis of income certificates. Is it under a contract of employment, based on retirement or pension sections. Times, however, change and now outside these documents, companies that provide such loans also verify the borrowers’ data in terms of possible debts.

Over the last years, non-bank companies have checked the data mainly in the debtors’ registers in terms of whether we have some debt in the payment of telephone bills, electricity or other invoices. Currently, however, more and more companies also use other, additional ways to verify the data. Such additional methods are verification in BIK (in which data about repayment of bank loans land) or in ZPF or the Loan Companies Association. The latter, moreover, associates most companies providing non-bank loans.

Loan companies without checking databases

Loan companies without checking databases

And is it possible to obtain non-bank loans without checking such databases? For example, we currently have quite a good monthly income, we have paid the majority of overdue debts. However, the problem is that, after previous delays, there was an entry in BIK and an entry for an unpaid invoice in the KRD. Do we have a loan opportunity in this option?

The chance for a loan is even in those institutions that check the data. However, the final decision is in the hands of those companies that treat each situation of the potential borrower individually.

However, there are companies that do not use data verification in BIK or in debtors’ registers, and it is even possible to obtain a loan even during bailiff classes. Such loans without checking databases are, however, available in a few non-bank companies. However, there is one important condition that I mentioned at the beginning. In order to get a loan, we must be in a good financial condition that will enable us to pay off the installments of this new loan. It is therefore necessary to have an employment contract for an indefinite period and income from our bank account. Thanks to this, the company will be able to verify the proceeds and whether they are actually sufficient to repay the loan. One of such new proposals on the non-bank loan market without checking databases is the offer of Lapuda Cash loans.

In the case of this company’s offer, the credit history we have is not valid. The company will give us a loan without checking the databases of verification of another debt base. The most important issue of getting a loan through Lapuda Cash will be to have a person who will be an additional collateral for the loan. This works almost the same way as a loan with a giro, only in this case the person who provides additional security for the loan is called a guarantor. The guarantor should have adequate creditworthiness, so if the main borrower fails to pay the loan installments, the repayment obligation will fall on his shoulders. The person who becomes the guarantor should also not have payment delays in the past. If we have such a trusted person in our environment, we will be able to take advantage of the loan with a guarantor, which will be a cheaper solution than a traditional cash loan.