Get out of the vicious circle of live payrolls pay with a personal loan

Image result for personal loanMany families, with the recession and economic changes in recent years, are overcoming many economic difficulties. With an unemployment rate of 7.2% in Canada, many face a rather gloomy economic outlook. Many people have had to resort to a second job, move to lower-cost housing, or return to school to get a better salary or a new job to get things moving. Unfortunately, many are falling into the trap of payday loans becoming easily accessible to all.

Payday loans are loans available to families in need of money until their next paycheck (these loans are often the only option for some with bad credit). In order to get a payday loan, the only information needed is the proof of income – usually your last pay check statement and a piece of identification. Payday loans do not ask for information about your credit and do not perform lengthy application processes, unlike banking institutions that ask for a credit check or other personal information. The process of a loan ranging from $ 500 to $ 1,500 is quick and immediate. The majority of payday loans have a two-week limit with the principle and interest payable fourteen days after the loan date.

Although the idea of ​​these loans seems reasonable, the institutions offering them are anything but generous. Payday loans have incredibly high interest rates, many as high as 600%. Indeed, a loan of $ 1,000 would become $ 6,000 after one year of interest. Although the majority of these loans are for a two-week period, they still represent $ 230 more due to the balance of the loan. This amount is significant for families living one paycheck at a time, even mortal for those receiving checks insufficiently large in order to repay the loan. The latter are forced to take a larger loan to repay the first, forming a vicious circle of loans that can ruin financial stability and cost several thousand dollars at the end of the year.

Several solutions are available to people overcoming financial difficulties at the end of the month, including personal loans. These offer good solutions that can relieve temporary monetary problems. Unlike payday loans, personal loans offer much smaller interest rates that typically range between 4% and 8%. In addition, many of these loans can be done over longer periods of time, usually one year or more. So families and individuals have more time to save before having to repay the loan. For example, a one-year loan with an 8% interest rate increases by just over $ 43, compared to a $ 6,000 payday loan. Although many personal loans require a credit check, this is not the case for everyone.

Although many families want to avoid financial help, it is sometimes unavoidable to ask for help. Personal loans are a good option for those overcoming for the first time financial difficulties or for those caught in the vicious circle of payday loans. Offering smaller interest rates over a longer period of time, personal loans can be repaid with a schedule instead of immediately with high costs. If you find yourself in a situation where you are drowning in your finances and can not come to the surface on your own, consider personal loans and not payday loans.

How and how much can I deduct in health insurance in the IRPF of 2017

Image result for life insuranceWhere, how and how much can I deduct for my health insurance in the Income Statement of 2017 (IRPF)

Health insurance, in addition to all its advantages in the protection of our welfare and those we love the most, have some tax advantages that we must take into account in our Personal Income Tax (IRPF) declaration.

They do not apply to all taxpayers, it sometimes depends on the social security contribution system or the Autonomous Community in which you reside, but in any case there are many taxpayers that can benefit.

Self-employed

The most general case is that of self-employed workers who can deduct up to 500 euros as expenses for the amounts paid for health insurance, not only for their coverage, but also that of their spouse and children.

The first important point is that not all self-employed can apply this deduction only those who estimate their performance (earnings), by the regime of direct estimation and not by modules. In this scheme all profits are subtracted the expenses that have been incurred to achieve these results, but you can also add what is paid for the health policy up to this limit of 500 euros.

In addition, this amount is extended to 1,500 euros if any of the beneficiaries of the policy (holder, spouse or children), had a disability.

Deductions in different autonomous communities

The IRPF has two sections, one the State and another Autonomic that is part of the funding received by each autonomous community. This allows each autonomy to establish different tax rates on its stretch and also establish a series of deductions among which in some communities include health insurance.

In recent years the number of autonomous communities that apply deductions for health expenses has been reduced, however, for the 2017 income statement that we made in 2018 there are still two cases:

Cantabria

Cantabria

It establishes a deduction for quotas to mutuals or non-compulsory medical insurance companies of 5% of the amounts paid during the year, both of their own and of the persons included in the family minimum.

This deduction will have an annual limit of 200 euros in individual taxation and 300 euros in joint taxation. Both limits are increased by 100 euros in individual taxation when the taxpayer is a person with a disability, but always if their degree is higher than 65%. In the case of joint taxation, the increase will be 100 euros for each taxpayer with said disability.

To justify the right to deduction, it will be necessary to prove the same by means of an invoice and the payment by direct debit, transfer, deposit, check or credit or debit card.

Canary Islands

Canary Islands

The Canary Islands also provides a deduction of 10% of the expenses and professional fees paid during the tax period for the provision of services by those who have the status of medical or health professionals, except pharmaceutical, both their own and the persons included. in the family minimum.

This deduction has an annual limit of 500 euros in individual taxation and 700 euros in joint taxation. It also increases by 100 euros in individual taxation when the taxpayer proves a disability greater than 65%.

As in Cantabria, this expense must be credited with an invoice and any of the means of payment described, never in cash.

PRE-ANNOUNCEMENT OF THE FIRST ERANET-LAC CALL FOR COLLABORATIVE RESEARCH AND INNOVATION PROJECTS

Image result for ERANet-LACNext Thursday, September 16, the first call will be launched ERANet-LAC (Network of the European Union, Latin America and the Caribbean Countries) to finance collaborative research and innovation projects between the European Union, Latin America and the Caribbean.
The call will be financed by the funding agencies of the participating countries, according to the regulations of each country. For Spain, those responsible for providing financing will be the Ministry of Economy and Competitiveness (MINECO) and the Carlos III Health Institute (ISCIII).
This first call will finance research and innovation activities, although the projects may include researchers’ mobility measures and access to R + D + i infrastructures that promote the development of long-term collaborations. The specific themes focus on the fields of Biodiversity / Climate Change, Bioeconomy, Energy and Health.
The consortia must be formed by a minimum of four eligible partners from four different countries, including two from each region and with a maximum of two partners per country.
You can check all funding agencies on the web: www.eranet-lac.eu. Applications may be submitted until November 27, 2014 and the maximum duration of the projects will be 36 months.

Insurance from Canada Mortgage and Housing Corporation | Loans Quebec

This type of insurance protects creditors in the event that debtors are no longer able to repay their mortgage. This type of insurance is available for mortgages down 1 million. The maximum duration of depreciation is 25 years.

This insurance increases your purchasing power

Image result for purchase powerAlthough this insurance costs money, it provides you with a huge profit. The risk of insolvency would be much greater if you do not have this insurance and therefore the interest would be higher. By having this insurance, creditors can lend you money because of the protection offered by insurance. For you, getting a lower interest rate allows you to borrow more money. As a result, your purchasing power increases and you get more in return for every dollar invested.

 

 

 Which companies offer these insurance?

Many creditors offer this type of insurance. Among the most popular, we find:

  • Genworth Finacial
  • Canada Mortgage and Housing Corporation
  • Canada guaranty mortgage insurance company

Debtors may also appeal to creditors if such insurance is necessary.

When is mortgage insurance not required?

Debtors who can make a first deposit of 20% of the total value of the loan are not obliged to purchase this insurance. When that happens, buyers simply take a normal mortgage. Of course, there are exceptions to this situation. If the debtor’s salary begins to vary greatly, such insurance may be required.

What are the premiums for mortgage loan insurance?

The monetary supplement will be calculated based on the first deposit. Buyers making a large first deposit can expect to pay less. In most cases, extra payments vary between 0.5-3% of the total amount borrowed.

How is mortgage loan insurance paid?

<strong>How is</strong> <strong>mortgage loan insurance paid?</strong>

 

This insurance is often financed by the creditor. It’s not like lawyers fees or taxes on property. Buyers do not need to pay the amount right away at the purchase. The value of the insurance is added to the value of the house. As a result, monthly payments will increase based on the price of insurance.

Why is this insurance so important?

 

The majority of creditors limit the loan to 80% of the total value of the house. If a buyer is not qualified for insurance, he will have to apply for a second loan from another creditor to make up the difference. The disadvantage with this second loan is the high interest rates. Also, this equates to much larger monthly payments. Second loans are more expensive than the first ones. This is especially true when the amount of money borrowed is greater than 75% of the value of the property.

5 Tips to get to know Cancun on a budget

In the eyes of many, Cancun is one of the most expensive and luxurious Mexican tourist destinations. Although it is a cosmopolitan city full of glamor, there are ways to get to know this wonderful site of the Mexican Caribbean without having to spend large amounts of money. Here are five tips to take care of your economy during your trip to Cancun:

Image result for cancun

1. Stay in downtown Cancun

The hotels in downtown Cancun are usually much cheaper than those located in the Hotel Zone. This area of ​​the city is safe and offers several options to buy handicrafts and souvenirs. Another advantage is that there is located the bus terminal in case you want to know Playa del Carmen and the Riviera Maya on your own. In addition, you can easily move to public access to beaches thanks to urban trucks, which pass frequently and provide service 24 hours.

2. Eat in traditional food establishments

Not all restaurants in Cancun are exclusive and expensive. There are several establishments with affordable prices, mostly specialized in Mexican food from the different states of the republic, since the city is made up of people from all over the country. The majority is concentrated in the Park of Las Palapas and its surroundings, in the downtown area.

3. Book hotels with kitchens or kitchens

If you travel as a family or as a group, preparing your own food is a very wise way to save. The hotels with villas, condominiums and apartments are located both in the center and in the Hotel Zone so that you can choose the one that best suits you and fits your budget. Reaching supermarkets is not a problem, since access to the most prestigious chains is easy through public transport.

Image result for plan

4. Acquire your trip in advance

Like all goods and services, tourism is governed by the law of supply and demand of the market. If you plan your trip by anticipating some months you will not only get the most out of your time when you arrive at the destination, but you will also find flight rates and hotel rooms at cheaper prices.

5. Search and take advantage of the offers

Many hotels launch last-minute offers in order to close the season with a flourish. Check the websites of online travel agencies frequently and compare the hotels in your catalog. You will surely find the promotion you’ve been waiting for so long!

THE GOVERNMENT APPROVES AID TO I + D + i OF 750 MILLION EUROS

The last Council of Ministers has given the green light to a fund of aid research, development and innovation.

Image result for Council of Minister spainThe last Council of Ministers held last Friday (12/18/2015) a package of aid for research, development and innovation (R + D + i) amounting to more than 750 million euros. “The majority is dedicated research agreements and equipment,” said the spokeswoman of the Executive, Soraya Sáenz de Santamaría, at the press conference after the Council of Ministers.

The first and most important of these agreements is the call for Research and Development (R & D) “Challenges-Collaboration”, included in the State Plan for Scientific and Technical Research, which will be endowed with 586 million euros (100 million will be direct subsidies and the rest loans at Euribor interest rates with ten years of amortization).

The purpose of the call is to increase collaboration between companies and research organizations “to promote the development of new technologies, the business application of new ideas and techniques, and contribute to the creation of new products and services”, a collaboration that is “essential to optimize science and innovation, “said the vice president.

In addition, the Government has approved the distribution of subsidies of the program for the activation of employment, for a total of 77 million euros, reported the vice president.

The Government has also commissioned a legal report to define what decisions it may take when, once the general elections have been held, it becomes operational. This interim situation will continue until the formation of the new Executive, something that on this occasion could be delayed more than in previous occasions taking into account the distribution of seats that predict the results of the elections.

THE PAPER UMBRELLA

In ancient times, the frames of the umbrellas were made of mulberry bark or bamboo. The Chinese waxed and lacquered their paper parasols because oil repels water. The paper covers are hand-painted with flowers, birds, figures, and landscapes and then coated with oil so that they are not only practical but also pretty and durable.

The paper umbrella is something of a traditional Japanese ornamental fashion accessory that was popularly carried in Japanese culture after the Edo period and peaked in popularity during the Meiji and Taisho periods.

This type of umbrella was a direct descendant of the silk canopies utilized by Chinese noblemen during the Hejan period. They were typically made of silk and were not made popular until more affordable paper variations were made available to the public. During the height of their use, there were more than one hundred factories manufacturing the accessories in Kanazawa, Japan.

Red ParasolAsian Paper Parasol Umbrellas
A Chinese parasol is an umbrella-like object that has been utilized by the Chinese and other Asian cultures for hundreds of years.

Beach UmbrellaSun Protection Beach Umbrellas
A beach umbrella is a handy piece of equipment to have on the beach for several reasons.

Yellow UmbrellaShelter From The Elements
The umbrella must be constructed of resilient but lightweight material that is easy to clean and resistant to rain, sun, and wind.