Personal finance

Find out how to maximize the potential of your finances and what you should watch out for.
Buying or renting - what is more worthwhile? | Finax.EN
7. May 2020

Buying or renting - what is more worthwhile?

Securing a housing is one of the largest budget items for most people. If you are not one of the lucky ones who have acquired their own housing almost for free during the housing fund privatization in the 90s or by inheritance, you basically have two options – housing in a rental or “in your own”, i.e. with the burden of a mortgage. But what is more favourable? Is it better to be indebted for decades or to make use of the flexibility and carelessness a life in a rental has to offer?

Read more
| Finax en
23. April 2020

COVID-19 will put a strain on our family budgets - how to be prepared

At the point of a massive outbreak of COVID-19 in Europe, we were all focused primarily on our health and ways to effectively protect ourselves from the virus. The initial panic caused by the virus is slowly fading. However, there is yet another threat looming over the economy. How to be financially prepared for the upcoming months?

Read more
5 New Year's wishes of your money
7. January 2020

5 New Year's wishes of your money

Hello, here we are, your money. Could you please stop for a moment and read what are our New Year's wishes? You've been coughing at us enough. We also want you to take care of us.

Read more
Emergency fund – in good times and bad times | Finax.en
17. October 2019

Emergency fund – in good times and bad times

Loss of work, longer sick leave, leaking roof, broken car or unexpectedly high energy ar-rears. If you do not want such relatively common problems to get out of hand and require unnecessary loans, you need to be prepared for them. The emergency fund serves exactly for this purpose. But how much should you “put aside “? Where should you keep the emergency fund? Is your current bank account sufficient or can you invest it?

Read more
Financial freedom - your path to early retirement | Finx.HR
6. September 2019

Financial freedom - your path to early retirement

It is often discussed in central Europe, how to teach people to save and smartly invest at least small percentage of their income. In the meantime, a different trend is taking off in the west. More and more people save majority of their income to gain financial freedom. Money can buy you not only new things, but also something much more valuable – freedom.

Read more
Are you prepared to live 20 years without a salary? | Finax.EN
13. May 2019

Are you prepared to live 20 years without a salary?

Pensions are not something that is discussed over a beer in Slovakia. However, it is a subject we cannot afford to ignore, as this period represents approximately a fifth of our lives. How much money will I receive during retirement? And will it be possible to make a decent living from this amount? Will I be able to reach the retirement age at all? These are the questions that will sooner or later begin to bother each and every one of us.

Read more
How to find money for investing? | Finax.EN
12. December 2018

How to find money for investing?

In Finax, we believe that investing should be taken for granted. However, people often try to persuade us that even though they have investing in mind, there are simply no funds in their budget for it. So far, no one has managed to convince us that this was actually the case. Whether you earn thousands of euros per month or the minimum wage, there are always available funds in your budget for investing. You disagree? Read on, you may be pleasantly surprised.

Read more