Posts in Personal Finance
Which insurances do you need?

Imagine the following scenario: you are in the South of France on a summer holiday and your car has just been stolen. You are very happy that you have completed the relevant car insurance before. This was only made possible because you took the time to review which insurances matters and which not. Reading this article will help you gain an overview.

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Debt: more and more women are affected

Debt is not a pleasant topic. But being well informed about debt helps you navigate this crucial topic if you are affected by it. You may think that debt is not an issue for you. It does not affect you. But one can fall into the debt trap much quicker than expected. Some of the reasons could be failed economic independence, a separation of job loss.

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How many accounts do you need?

Most money experts recommend: keep it simple. Limit yourself to three (bank) accounts. This article illustrates the advantages of this approach. It explains how to best use the tree account model for your purposes. We also provide you with practical insights into how to best allocate your income to the different buckets. Note that you may want to experiment with this model.

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Compound interest: the 8th wonder of the world

The concept of compound interest is one of the core concepts of personal finance. Be savvy and use its effect. Why? This mechanism helps you to not only save, but increase your capital. The basic idea consists of each year adding the interest you earned on an invested amount of money to the original sum. If you do this for a longer time period (say 10-20 years), it adds up.

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Your money, my money, our money

Money is still one of the main reasons why couples end a relationship. We do not care enough about it. No matter which account separation you have with your partner, transparency is key. This is what I particularly favour and what I personally try to adhere to in my relationship. Likewise, being fair and discussing how to handle money together is important.

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How is money relevant for achieving my life goals?

Life goals do not present an esoteric concept. We at Finelles take them seriously because we take you seriously. You are a member of the Finelles Community. Note: There is a direct correlation between life goals on the one hand and financial goals on the other. Or put differently: life goals translate into financial goals. And once again, managing your money and investing it come into play.

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My three saving hacks

Within a time span of three minutes, I forget my goals. No matter if it is sports, diet or even shopping limits, I very quickly get distracted. This is why I love systems that keep me on track towards a goal. I will show you my three favorite saving hacks to give you an idea of automated systems and rules to stay on track.

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