As of January Over the Hump

In the month of December are distributed as bonuses and so we are going to receive gifts and parties, without saving some for later, joined by a majority of the products rise in price this season, so we get a month January with no money and yet more expensive. But that's not all for this month yet, you have to do some other expenses that commonly have to pay.

In this situation there is no more to borrow or pawn our belongings, leaving us endedudados, perhaps unable to recover our things and had the following months to stabilize the household economy. For this year the dreaded cost of January not apply to you, follow these suggestions:

1 .- Reserve a portion of his bonus to liquidate or restructure debt, thus removing a load off at the same time allow your future earnings over the next year, are not so affected or reduced by the debts as that has accumulated.

2 .- Remember that one of the best strategies for your bonus fianancieras have a positive effect, is to achieve a reasonable level of debt.

3 .- It is recommended that you choose to pay that debt that can go faster and liquidate, with a creditor it will have fewer or less a commitment to face in the future.

4 .- Another alternative is to change creditor (person or institution that is owed money), that is, if you have debt that involves a very high interest rates, you should pay the debt if the other creditor change that allows you to have that charge on better (less costly or would be more bearable). On page www.condusef.gob.mx can obtain information from financial institutions with products that can be beneficial.

5 .- If you are considering a loan to meet its financial commitments in the month of January, it is important to compare the different alternatives that exist (banks, sofoles, stores, pawn shops), for it takes into account each of them, how much would pay in total over time for that commitment, and choose what suits you best.

6 .- It is not always the lowest interest rate turns out to be the cheapest option, because each institution has its own way of calculating the interest due.

7 .- Obtaining a loan involves a debt and therefore should be hired only in the case of a true emergency. If you request a personal loan examine the following observations:

a) Only if a genuine need, apply for credit and plan in advance the proper use of it.

b) Make your payments on time to avoid the payment of default interest.

c) Ask before hiring the additional services we offer, as this depends on the high or low interest charges.

d) In the event that the operation involved in a financial institution, ask for the amortization of the credits, so that you can see the amounts, forms of interest calculation and payment dates.

e) Pay attention to the full payment of the loan before the loan contract.

f) If you choose a pawnshop to get money, go to the most prestigious and verify that the contract is registered with the PROFECO and refrain from operations "afuerita."

g) In case of disagreement with any financial institution to go CONDUSEF.

h) In case of disagreement with any financial institution does not go to the PROFECO.

Source: condusef.gob.mx

8. Another new and creative way to deal with the costs arising from the January expenditures made in the holiday season is to sell items through the Internet. Many people instead of pawning or borrow money, resort to sites like Free Market, where the market decides the price. With this alternative, Mexico, for example a seller offers its products to more than five million monthly visitors that the site contains.

What people commonly put up for sale through gifts that free markets are not like Christmas, gifts that are useful or not he already had. Among the greatest demand are recorded:


source: economia.com.mx