Financial optimization and loans

Numerous consumers shy away from taking their own financial optimization into their own hands. But just the finances are an important basis for life. Who would not like to have more money available, in order to beautify with the one or other acquisition the life? Loans and your own money make this possible quickly and safely. In principle, some savings are possible with three simple tips for financial optimization.

1. The use of a free current account

The sensible financial optimization starts with the current account. Everyone disposes of it, in order to send and receive money. Many consumers pay for the current account, however, to the bank. This includes monthly user fees and various amounts for standing orders and transfers. Also credits, like z.B. The overdraft facility, are calculated with high interest rates. Actually the bank works with the money of the customers, it is its business basis. Therefore, fees should be avoided without a guilty conscience. There are quite a few financial institutions that offer their customers a permanently free current account. In the case of financial optimization, it is necessary to choose only one of these institutions. The scope of services in the free current account varies enormously, however. The choice between the offers is difficult. Important would be the principle that the current account fits your needs.

2. Financial optimization with a flexible savings account

For the fulfillment of larger desires must be saved as a rule continuously. Loans contribute another part, but not everyone necessarily wants to resort to them. Clever saving plays a fundamental role in personal financial optimization. Many consumers still use a classic savings book, but this was only a suitable solution in earlier times. Interest on credit balances has melted down to fairly small amounts in recent years. Currently, the interest rate is even very slightly above absolute zero. This is not the only reason why using a savings account hardly makes sense at present. There are other disadvantages.

As an alternative, within the framework of financial optimization, the call money account could be used. The credit interest is almost always higher than with the traditional savings balance. Furthermore, the call money account scores points for the availability of finances. A large part of the money or the entire balance can always be used free of charge. In the case of the savings book, only a maximum amount is paid out each month, which is around 2000.00 euros. For a higher amount a three-month period of notice becomes effective. This can only be circumvented by higher penalty interest rates for increased withdrawals. Often the high security of the savings book is brought into the field, which is not wrong in principle. As with the call money account, the deposit protection of the banks ensures the protection of the credit balance. However, many consumers do not know that the savings book is a so-called "limping bearer paper". This means that the banks do not need to check the personal details when paying out the money. So it happens that the savings are withdrawn by thieves.

3. Optimization of credit

Once concluded credits can become quite more favorable. New interest offers make it possible. So z.B. All loans are bundled into one. Debt restructuring makes life easier for the consumer, the overview of one's finances grows. High monthly installments for loans can be sensibly rescheduled for more favorable ones. This is particularly useful in the case of constantly overdrawn overdraft facilities.