How do I save after the summer vacation?

Image result for summer vacationThe holiday is over, the suitcases are empty again and also in your travel cash prevails low tide. Even if vacation costs money and is not always there, the break from everyday life has to be every now and then. So that you quickly fill your travel fund for the next dream vacation and your account is back in credit, we have some savings tips for you here. In the short term you can bridge financial bottlenecks with the Xpresscredit of C. Auguste Dupin.

 

Regularly save small amounts

You want to save for the next trip after your vacation? You want to start the next better prepared for the holidays and then risk no financial bottleneck? If you want to save for the next trip right after your vacation, then set up a fixed savings amount. You can create an extra savings account or create another investment that you regularly deposit money with. It’s best to set a savings amount that will be automatically deducted each month. So the money does not stay on your account and you’re not tempted to spend it. For the next vacation you will have a nice cushion available. You do not realize that you are saving. Even at 10 euros a week, you saved 520 euros after one year. If you do not have such a cushion after your holiday, you can use C. Auguste Dupin’s Xpresscredit for such an amount. New customers can borrow an amount of 50 to 600 euros.

Save money on shopping and eating out

Save money on shopping and eating out

When shopping for groceries, you can save some money by shopping seasonally. Fruits and vegetables usually cost a little more if you buy them out of season. Pay attention to the latest offers when shopping, make a meal plan and then buy. Often you get food such as fruits, vegetables, milk and bread on the market and the farmers around the corner also a bit cheaper. If you like to go out to eat or get a coffee to go, then you can limit it a bit. For example, you just take something home from work. You make the coffee yourself in the morning and fill it in a thermo mug. Already on the way you are provided with coffee and food. If you do not want to miss the occasional meal in your favorite restaurants, you can set a budget for it. Of course, you do not have to limit yourself, just bridge short-term financial bottlenecks with Ferrate’s Xpresscredit.

Finally muck out again

A lot is accumulating over the years. Clothes that you no longer wear, books that you no longer read, and dishes that you do not actually need. What you do not need at the moment may be needed by someone else. Maybe you have a few days off after your vacation? Use the time to thoroughly clean up your home. You can sell your stuff at the flea market or through online platforms like Ebay and Gentry. The money so acquired you put directly into your travel fund for the next vacation.

Bridge financial bottlenecks after vacation

The saving tips will help you for the next vacation and you want to do something fast against your financial shortage? Then borrow money with the small loan from C. Auguste Dupin. You can apply for the microcredit conveniently online and select your loan amount and term individually within the given framework. So you can bridge the time after your vacation without having to do without something.

 

Apply for small loan now

The EIB provides financing to Jennewein

The EIB provides financing to Jennewein

The European Investment Bank (EIB) provides a new financing of 15 million euros to Jennewein Biotechnologie GmbH, a highly innovative German company that offers a novel technology for the production of rare functional sugars for a wide range of applications, which includes nutritional, pharmaceutical and cosmetic products. The company is also one of the leading manufacturers of human milk oligosaccharides (OLH), which are an essential component of human breast milk and have been shown to have a beneficial effect on health.

The loan from the EU bank is backed by a guarantee from the European Fund for Strategic Investments (EFSI)- fyi. The EFSI is an essential pillar of the Investment Plan for Europe, also known as the Juncker Plan, under which the EIB and the European Commission collaborate as strategic partners, and the EIB financing operations are boosting the competitiveness of the European economy.

The president of the European Investment Bank, Werner Hoyer, said: “The EU bank supports many activities in Europe that, by their nature, pose a greater risk and, therefore, often have difficulties accessing financing. , as the EU bank, we can provide these funds to address the needs of small and innovative companies, as we have the backing of the European Fund for Strategic Investments, which clearly demonstrates the added value that the Juncker Plan brings to the economy European Union when it comes to promoting growth and employment “.

Jennewein will use the new financing to create an R & D center in order to continue expanding its OLH product portfolio and increase its production capacity. Stefan Jennewein, founder, and CEO of Jennewein stressed that, by belonging to a new and innovative market, commercial banks were not inclined to invest in their business, while the EIB was there to make sure that their development plans came true. “With this loan, the European Investment Bank gives us their confidence and the opportunity to continue conquering the market for oligosaccharides in human milk, thanks to the help of the EIB, we can invest in the future, that is, in our production and in a new R & D center “, said Stefan Jennewein on the occasion of the signing of the contract in Rheinbreitbach.

European Commissioner Vytenis Andriukaitis commented

“As EU Commissioner for Health and Food Safety and a former doctor, I know the positive effects that research and innovation, even in biotechnology, can have on our nutrition and good health, Especially when it comes to babies and young children, I am pleased to see that the Investment Plan for Europe is working well and encourages research and innovation for the health of EU citizens. ”

European Investment Bank The European Investment Bank (EIB) is the European Union long-term lending institution, owned by its member states, which offers long-term financing for safe investments in order to contribute to the objectives of the European Investment Bank. EU policy.

About Jennewein Jennewein Biotechnologie is a leading international company in industrial biotechnology that has a wide range of products in the field of complex oligosaccharides (OLH) and rare monosaccharides. It manufactures an extensive catalog of innovative OLH products, such as 2′-fucosyllactose, 3′-fucosyllactose or lacto-N-neotetraose. These rare sugars are used in the food industry (especially infant formula milk), the pharmaceutical industry and the cosmetics industry. In 2015, the US Food and Drug Administration (FDA) UU granted Jennewein Biotechnologie a license to market 2′-fucosylosectose in the United States. This was followed by the marketing authorization of the European Union in 2017, under the New Food Regulation.

How to make a loan from a friend or family member

Image result for How to make a loan from a friend or family memberLending money to a friend or family member can be scary, especially if you assume that the reason they asked you for it was because they were refused by a bank. When you are refused a loan by a bank or a private lender, it is because you have had financial problems in the past or are currently in a difficult situation. This makes your friend or family member a high risk borrower. However, that does not mean that you can not help that person who is important to you.

Here are some truths you will need to consider before making such a loan and then what rules and agreements you will need to make to ensure you do not get in trouble.

Choose the right cause

There can be a multitude of reasons why an individual would need to borrow money. On the other hand, not all of the reasons are necessarily good financial choices. And this is especially important if it’s your own money. Here are some examples of situations where you can rest assured that you will really help and that your money will not be wasted.

  • Invest in a new business or to help develop an existing business
  • Provide a down payment for a mortgage
  • Helping someone with big medical expenses or during and after an illness
  • Helping someone after a divorce or expensive legal procedure
  • Support an individual who has recently immigrated to a new country

Once you have decided to take action, it will be time to plan the details of the transaction and then sit down together to discuss it. Even if you trust this person completely, it is important that both understand expectations and exchanges. Better to be prepared and sleep rested, constantly questioning and spend sleepless nights.

Plan and be prepared

Image result for be prepared

1. Lend or countersign?
Everyone has their own opinion about countersigning, but the reality is that the risk is completely on you in both cases. If you lend the money, there is a possibility that you will not see it anymore, and if you countersign and the individual defaults on his payments, the responsibility for the entire loan falls on your shoulders. The big difference is that if you cosign and you and your friend / family member are unable to make the payments, this will be reflected in your credit report and you could suffer as this will lower your rating. This decision must be made at the expense of your own financial situation, and should not prevent you from helping a friend in need.

2. Negotiate a reasonable interest rate
This conversation will certainly not be the easiest, mail it is very important to have it and take it seriously. Since the risk will rest entirely on you, you are strongly advised to ask for interest, just as a bank would do. Be prepared for your friend to be surprised – it’s possible that he did not consider this extra expense. If this is the case, explain to them your side of the thing; as you make a great effort to help them, it’s okay to ask for some input from them too. Choosing the right interest rate will depend on the situation and who you lend money to, but a good rule of thumb is to offer a rate lower than a bank, but higher than the rate that you could get if you left the money in your bank accounts. Also do your research regarding gift taxes depending on the amount you lend, it is possible that both parties must declare on their tax returns.

3. Write a contract
This step is definitely the most important part of the process. Having a written contract will protect both parties, it is for the good of the borrower too. If this step makes you uncomfortable, maybe you are not ready to lend money to a friend or family member. Think of how much more uncomfortable it will be if this one lags behind these payments. If that’s your case, try to blame someone else, like your accountant. There are several online resources that will help you draft a contract, but make sure that all relevant information includes the loan amount, the interest rate, and what the remedies will be if a payment is not made. matures.

4. Establish a formal payments agreement
Establishing a payment plan is just as important as the written contract and should also be included in this document. Decide between you when and how payments should be completed and what the consequences will be if a payment is made late (ex: extra costs, fines, etc.). These details will be up to you depending on the person to whom you are providing the loan. Checks, a PayPal account or automatic bank transfers are your best options. If you decide to use the checks, be sure to make a copy and keep a record in case there are misunderstandings about payments made in the past.

Lending money is a serious thing that should be considered with care, especially when good friends and close family members are concerned. In these cases, you are better off dealing with this transaction just as a bank would, and this will help prevent problems so that you and your borrower can maintain your relationship.