Personal finance

Find out how to maximize the potential of your finances and what you should watch out for.

10 Daily habits that will help you save money | Finax.eu
27. October 2023

10 Daily habits that will help you save money

As the saying goes, habit is the second nature. If we acquire bad financial habits, our „second nature“ will limit us financially. If we want to lead a better life, we need to change our habits. We bring you 10 simple daily habits. If you manage to adopt them in your daily life, in a couple of years you will have saved a solid amount of money.

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When will the interest on my savings account increase? | Finax.eu
13. October 2023

When Will the Interest on My Savings Account Increase?

Europeans are said to be more likely to walk away from their marriage than from their bank. Based on real statistics on the average length of marital and banking relationships, this is indeed true. In today's blog, we'll explain how this phrase relates to the fact that you're still getting low interest on your savings account.

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Navigating the Changing Financial Landscape: The End of Easy Money | Finax.eu
6. October 2023

Navigating the Changing Financial Landscape: The End of Easy Money

In the realm of finance, few things have been as influential in recent years as the era of easy money. Characterized by historically low interest rates and ample liquidity, this period has left a lasting mark on financial markets worldwide. However, as we enter a new phase in the global economy, it's becoming increasingly evident that the era of easy money is coming to an end. In this blog, we will delve into the concept of easy money, explore what has changed in recent times, dissect its effects on financial markets, particularly equity and bond markets, and discuss the long-term implications of this shift. Finally, we will provide insights on how to adapt to this new financial reality.

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The Secret of Financial Security: Creating a Financial Reserve | Finax.eu
1. September 2023

The Secret of Financial Security: Creating an Emergency Fund

A financial reserve, also known as an emergency fund, is a savings account that we set aside for unexpected expenses. It's a key part of a sound financial plan and can give you the peace of mind that comes with financial preparedness. In this blog, we'll explore the importance of a financial emergency fund and provide tips on how to build one.

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Are you in debt? You don’t have much time left | Finax.eu
25. August 2023

Are you in debt? You don’t have much time left

Slovaks apparently like living on debt. However, the era of cheap money is definitely over.

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18. August 2023

Last Year, It Paid to Switch From Real Estate to Equities

So a year ago, we pointed out that investment property probably had its best years behind it. They offered such a unique opportunity to sell and flip assets into beaten-up equities. With a year's hindsight, we can say with a clear conscience that real estate has slipped into the lows, while stocks have begun to recover sharply.

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5. August 2023

Stop living paycheck to paycheck

The week before payday is the longest week of the month for many people. Are you also counting days until the payday so you can finally go on a shopping spree? Today I will show you a way out of this vicious circle of waiting for paycheck and consumption.

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21. July 2023

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.

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