Personal finance

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Financial minimalism | Finax.EN
11. June 2020

Financial minimalism

Minimalism is often mistaken for a “lack of stuff”. But in fact, it means the exact opposite – having enough of everything we need for a truly happy life. And we definitely don’t need to spend a ton of money on that.

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Are you prepared to live 20 years without payroll? | Finax.eu
24. May 2020

Are you prepared to live 20 years without a payroll?

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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Emergency fund – the first checkpoint on your savings journey | Finax.EN
20. May 2020

Emergency fund – the first checkpoint on your savings journey

Unemployment, longer incapacity for work, pandemic, leaking roof, broken car or just unexpectedly high energy arrears. If you don’t want the problems that life brings to get out of hand and require you to take out unnecessary loans, you need to be prepared. 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?

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| Finax EN
13. May 2020

Why is it necessary to boost monthly investment regularly?

How will the value of your assets increase if you boost your regular payment by inflation or wage-increase? Instructions on how to avoid the surprise of the increase in price that awaits you, when you save with Finax.

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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?

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| 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?

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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.

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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?

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