Forward credit in the Baltics

Forward credit in the Baltics

 

A study by GfK Custom Research Baltic and Industry on the financial sector in the Baltics reports that 22% of Latvian residents surveyed on the Internet have used Forward Credit in the last month. In Lithuania and Estonia, Forward Credit with such popularity does not stand out – 18 and 5 per cent of respondents, respectively, used the service.

Who in Latvia, Lithuania and Estonia uses Forward Credit

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In all the Baltic countries, the most popular application of Forward Credit is for grocery shopping and daily expenses up to salary. On average, 40% of borrowers use Forward Credit for this purpose. Lithuanians, on the other hand, are more likely to use Forward Credit to pay off other debts – 22% of respondents in Lithuania say they use Forward Credit for precisely this purpose.

Estonia is distinguished by the fact that Forward Credit is used to repair a car, but in all three Baltic States about a tenth borrows to get money for entertainment or travel.

Reasons for the Unpopularity of Forward Credit in Estonia

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In Estonia, Forward Credit was introduced more quickly, so the public is more aware of it. In addition to the fact that it has been linked to widespread crime cases since its inception, such as how inmates have been cheating jobseekers through SMS credit, SMS credit has received much more negative press in Estonia than in Latvia.

There has also been a sharp decline in the number of complaints received by the Estonian Consumer Protection Association, which received only 16 SMS credit questions in 2010, as opposed to 2009 and 2008, when it received more than a hundred questions and 10 complaints. This means that in Estonia consumers are becoming more educated about the problems that can arise with SMS credits.

In addition, in Estonia, it is more common to hear the press of Finland, the birthplace of SMS credit, while in Finland, SMS credit is known to be fought, for example, by allowing loans to be given only on weekdays from 9am to 6pm. It is also clear that better alternatives to SMS credit are available to better-earning individuals, which is why it is less popular.

Tips to Save and Conquer Your Dreams

Tips to Save and Conquer Your Dreams

Most of our dreams need money to be realized. Whether you buy a car, a house or travel the world, for example. The key to achieving any of these goals is to save money. See the Good finance tips on this guest post to help you along those lines.

Saving money will be the first step towards achieving your goals. The second step is to make a good application with the money. To help you with this task, we have prepared some tips that will help you save money to invest and achieve your biggest dreams.

Set goals and plan

Set goals and plan

Defining your goals is crucial if you are to get good financial control. They will motivate you to stay on track. What do you want? Want to go on a trip next year? Buying a car, a house or even planning your retirement?

After defining what you want, calculate how much money you will need in total and divide by the time you have to spare. For example, if you want to buy a car in a year, divide the car by 12 months. The result will be the amount you’ll need to save during this time.

Following this planning will help you achieve the goal by the end of the term. But remember to set goals that you will actually achieve.

Keep your accounts up to date

Keep your accounts up to date

It sounds like an obvious tip at first, but have you ever stopped to think that paying interest is simply sending money away? After all, the amount spent on interest will not bring you any return. What’s more, it can be totally avoidable. Many people fail to pay their bills just because they forget the due date.

To help you with the task of not forgetting any payment, the tip is to schedule the expiration of all accounts for the same day. So you only have to worry about a date. When it passes, everything will already be paid and without worry or headache.

Just go shopping with a spending goal in mind.

Just go shopping with a spending goal in mind.

Having a spending goal is very important especially for those who love to go shopping. The tip for not overspending and buying too much is to keep in mind the maximum amount you can spend. If necessary, choose to take one item and leave another item behind, always remembering not to exceed the stipulated value.

More important than setting a maximum amount of spending is to respect it. You can not fail to fulfill your goal just because you established it. Respect your limits, as this will contribute a lot to maintaining your financial health.

Do not discount your anxiety in shopping

Do not discount your anxiety in shopping

This is a very important tip. Often we have the custom to discount our anxieties in some activity.

The problem of trying to relieve stress by buying is that this can come out too expensive. Always remember that bursting the budget will only generate more anxiety. Try to stay calm and let the shopping for moments of tranquility.

Use a good financial management application

Use a good financial management application

To control your finances effectively, you can count on the help of technology. With the rush of everyday life, no one has much time to spare to keep a close eye on all the expenses and revenues. Mostly who has more than one bank account.

That can centralize everything and can help you achieve your goals more easily. Use technology to your advantage! Nowadays you can easily find quality content on the internet that deals with financial control.

This is a much needed knowledge. Everyone needs to deal with money in life, and managing it makes all the difference. So whenever possible, take the time to study the subject. You’ll see how it will make a difference in the way you deal with money.

Top Tips: Financial Planning for New Families

Top Tips: Financial Planning for New Families

Whether you are becoming a newborn parent or your family is expanding – money plays an important role in being able to focus on what’s important. Read our top 6 tips for saving money and better money management for families expecting a baby.

Specify, organize and plan your savings

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When buying a new home or starting a renovation project, one of the first things you’ll probably do is research. A new child or family extension is also a good reason for an analytical approach – there is good financial planning for new families. The world is full of apps that can help you create a budget for your yield. However, sticky papers and Excel spreadsheets can serve the same purpose if you prefer.

If you already have children, you probably have a very good idea of ​​what you will need for your new baby and you may already have some of these things at hand. However, if this is new territory, don’t forget to reach out to friends and family who can give you tips and tricks that you haven’t thought of. Also, some online research can help you see the range of product prices and where to find good discounts.

One way to narrow down your list is to make a list of “essentials” and stick to it initially, while leaving some money aside for unexpected situations. The second method is to have a few lists: essentials for a small baby, a toddler, wishes / extra things. This will help you prioritize your needs (and think about when you need them).

Start planning your child’s first year of life

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When starting or growing your family, it can easily be difficult for you to think about a distant future, such as school expenses or even savings for college or university. It’s a good idea to start thinking in time frames that you can manage. Plan ahead for the first year and think about the supplies you will need to make money.

First, stick to the basic things: car seats, strollers, cots and changing tables. Many of these items are convertible as your baby grows, such as adjustable strollers and cots that can be used for longer than the first year of life. Once you have listed the larger items, start making a list of smaller items that you will need, such as blankets, clothing, and diapers. This is a good time to use an Excel spreadsheet.

Some hidden costs may come from baby toiletries, especially for new parents. Get yourself basic things like baby shampoo, lotion, baby powder and don’t forget nail care – baby nails can be surprisingly sharp!

Avoid famous brands to save money

Avoid famous brands to save money

It sounds nice to have a baby that is adorned with the cutest and top brands. In practice, your new baby will only wear clothes in the comfort of your home and is likely to get dirty. If your item has grown to your heart, choose special clothing and accessories just for occasions or taking pictures.

There is a wide selection of baby toiletries, including different prices. Like branded clothing, this is a good time to choose unmarked products or cheaper options. Think about your own priorities and choose your own battles. For example, if exclusive or organic products are important to you, buying in advance at a sale can save you a significant amount of money. Just check the expiration dates to make sure your investment does not accidentally waste.

Tips for wise loans | Payday Loans

Tips for wise loans | Payday Loans

Are you considering to take out your loan or to combine several loans? Then pay close attention to the conditions and any costs (penalty interest).

Here are tips to wisely (and merge) your loan (s):

Do the costs of relocation outweigh the financial benefit?

Do the costs of relocation outweigh the financial benefit?

A (somewhat older and longer-term) personal loan is often not repayable without penalty. Check this carefully in the conditions. If you have to pay a fine, determine whether or not you will ultimately be more profitable when transferring. At From Good Credit you can always repay your personal loans without penalty.

A short duration is usually cheaper

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An additional advantage of refinancing your loan is to shorten the term. With a shorter duration you can pay off quickly. After all, the duration is shorter and the interest is lower. In the beginning, the monthly installment will be slightly higher due to the shorter duration than with your old loan.

But because the loan is being repaid at an accelerated pace, this amount drops quickly. A loan with a short duration is therefore always cheaper.

Easy acceptance of the same loan amount

Easy acceptance of the same loan amount

When lending a loan, the lender reassesses whether you can get the credit. Information is requested from the BKR about your payment behavior.

In addition, the bank reassesses your application / loan based on your current current income and expenses. If you borrow the same amount (only the highest amount), chances are that you can transfer without problems.

Note: with a small loan, often higher interest

Note: with a small loan, often higher interest

Do you have several smaller loans? Good to know that you usually pay a higher interest rate for smaller loans than for larger consumer loans. The best way to save money on all those small loans is to merge.

It is possible to combine various types of loans. Think of a personal loan, credit card debts, revolving credit and a bank overdraft. Mail orders or store credits are also common credits.

With merging you borrow a larger amount with which all small loans are repaid. There are countless advantages: lower costs and therefore lower interest rates, shorter duration and much more overview. Do check well if there are costs involved, especially with personal payday loans.

Phytoestrogens, menopause and hot flashes: little (or no) evidence of their benefits

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 Menopause is a time in the life of an adult woman characterized by the lack of menses. Under normal conditions it usually occurs naturally around the age of 45 and its cause is the lack of production of hormones (estrogen and progesterone) in the ovaries. It is considered that a woman has reached menopause when she stops having periods for a year. However, the characteristic symptoms may start years earlier and include: changes in menstruation (more or less lasting, profuse and with more or less time between them); hot flashes and / or sweating (hot flashes, more usually at night) ; difficulty sleeping and concentrating; vaginal dryness; mood swings for no apparent reason; hair loss and, in the opposite direction, more facial hair.

The treatment of this symptomatology, more specifically the issue of hot flashes, has different therapeutic aspects . One of them, and framed in the so-called complementary medicine, is the use of phytoestrogens (compounds of plant and non-steroidal nature similar to some human estrogenic hormones) present is a wide variety of plants and that can be consumed, either as food such which or as a supplement. In particular and for the purposes pursued these phytoestrogens are usually found in soya, alfalfa and the so-called red clover (a legume with a special forage use).

With this approach, many women use treatments that are perceived as “natural” and safe, but often do not have good information about the effectiveness of their supposed benefits, nor about the potential risks.

Fortunately, from time to time, reviews of the scientific literature are published that lead us to doubt or at least help us. Such is the case of this article Phytoestrogens for menopausal vasomotor symptoms (“Phytoestrogens for vasomotor symptoms of menopause”) that without dizzy partridge, addresses the question of the effectiveness of this measure and its safety. His conclusions are quite concrete:

“There is no conclusive evidence to show that supplementation with phytoestrogens effectively reduces hot flashes or night sweats typical of menopause.”

So far, I suppose, the bad news. However, there is still a long way to go in this regard. In the same study calls for the need to deepen the investigation of a specific compound, genistein (a phytoestrogen in particular) with which to appear have obtained results to some extent promising.

In any case, another of the important readings of the review of the state of the menopause-phytoestrogens question is the poor quality of the studies with which we conclude arriving at these conclusions. It is commented so much in the publication that I have commented …

“Many of the trials in this review were small, short-lived, and of poor quality, and the types of phytoestrogens used varied significantly”

… As in other articles, such as Phytoestrogens and other botanicals: on the problems of evidence-based evaluation (“Phytoestrogens and other plant molecules: problems in evidence-based evaluation “) when it is stated that given the poor quality of the published clinical trials …

“The quality of research in this field and the possible influences of the industry must be taken into consideration in order to define inclusion criteria for those studies in which a meta-analysis or review will be done.”

Beyond the phytoestrogens

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On a more positive note, it should be noted that those women who undergo menopause and who suffer hot flashes may obtain a significant reduction in their symptoms as long as they maintain an adequate weight . Thus, a recent pilot study highlights that losing weight could help alleviate the hot flashes that often accompany menopause (you have news about the results of the study in question in this link ).

Other recent research points to possible lifestyles that could interfere with those hot flashes of menopause. A possible way to control them to some extent could lie in the composition of the diet. This means that some caution should be observed with spicy foods as well as with the consumption of caffeine, alcohol and tobacco .