In recent months competition in the financial sector has been fierce. Banks have reopened the credit tap, starting with housing credit. The interest rates practiced by banks fell to values well below 2%. A reduction thus opens the space to save money with your credits. Faced with this scenario, it becomes necessary to overcome some inertia and seek to exploit the potential savings that the new context brings with it.
Make a Round by Financial Institutions
The suggestion I leave you is to make a round of financial institutions and present your case. Search. Compare alternatives. Do the math to save money on interest and the life insurance associated with credit. You will probably have a pleasant surprise when you realize that savings can reach several thousand euros every year.
It tells us the experience of training and financial intervention that inertia ultimately derails the efforts of households savings. Sometimes we think it’s a lot of work, or we’ll soon be defeated and with little hope of success. However, it is even possible to cut expenses and save money . Give some work. It requires some sacrifice. It requires above all to change some of the habits that we have deeply rooted and that we always think that will affect our quality of life. But if we focus on the results, everything will be easier to overcome.
And Why Not Amortize Credits?
And if you have any money available to apply, why not consider repaying some credits? It is the best investment you can make in terms of risk, return and taxation. And it gives us such great freedom to end this honorable compromise …
If you have questions or would like to know the best alternative for your specific case, we suggest leaving a comment in the box below or filling out a contact form. We will be happy to help you save money.