How Inflation Chips Away Your Bank Savings
Inflation reduces the purchasing power of your money over time, poses challenges in meeting basic needs, and potentially depletes your savings. The current interest rates offered by most banks are negligible. Fortunately, there are ways to mitigate the harmful effects of inflation. In this article, we'll explore how inflation affects your money and provide practical advice to help you stay ahead of rising costs.
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How to Create Budgets with the Financial Coach?
Financial Coach is a new money-management tool in the Finax App whose purpose is to provide you with a better overview of your financial situation. This blog examines its two key functions: expense tracking and drawing up monthly budgets. Use it as a guide to better understand how to get the most out of them.
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Women, let's invest!
Finance, capital markets, investments. These topics, not long ago, were unfairly attributed exclusively to men. Today, we will show you why this stereotype should quickly become a thing of the past and prove that long-term investing is a domain for women.
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Can investing cause me to lose everything?
Investment brokers often tell us that investing is associated with risk. However, very little is done to explain what is exactly meant by this, and how to efficiently manage it. In this blog I shall take a closer look at such questions.
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Pensions in a Nutshell
Pensions and retirement. Politicians, experts and us as well can’t stop going on about them. But there is a good reason why. At the end of the day, we will all have to retire. Are you familiar with the system that is supposed to take care of you when you won’t be able to work anymore? In today’s blog, I will walk you through the functioning of a typical European pension system.
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How Much Should I Save in My 30s and 40s to Have a Sufficient Pension?
While it might not be the most pleasant thing to worry about, we've all likely wondered what our life would look like in retirement at some point. At the same time, we're all aware that the state pension won’t be enough to provide us with a comfortable standard of living. That's why it's crucial to prepare in advance so that we can enjoy our golden years with financial security and peace of mind.
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5 Reasons to Start Thinking About Retirement Right Now
You might be 20, 30, or 40 years away from retirement, thinking you still have enough time to start thinking about it. In this blog, I will explain why the best time to take care of your retirement is right now.
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The Case for Holding Emerging Market Assets
In the dynamic realm of global financial markets, emerging markets (EMs) present both opportunities and challenges that may not be found in their developed counterparts. These economies, ranging from early industrialization to near economic maturity, provide investors with a unique avenue for diversification and potential returns. Fueled by factors like urbanization, technological innovation, and growing consumer markets, EMs allure investors seeking accelerated growth.
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