The easing of interest rates is encouraging news for the real estate market, as mortgage terms offered by banks are being reduced. If you’re about to apply for one, do you know which mortgage term is best for you? The question of what mortgage term to apply for is as common as the question of whether to…
Three out of four families in Spain struggle to make ends meet. Given this reality, any unexpected expense can be a real financial emergency. Any financial setback can shake the family finances. In these situations, facing an unexpected expense without savings forces you to make quick, difficult, and sometimes inappropriate decisions. That’s why it’s so important…
It may not sound familiar to you, but chances are if you’ve applied for public aid, the IPREM (Spanish National Income Tax) has been one of the key factors in obtaining it. Let’s take a closer look at this little-known value to learn how it works and, above all, how it impacts our daily lives….
Managing your own money isn’t always easy. In fact, it’s often a source of stress and anxiety. Where do these problems arise? One of the most important reasons is a lack of knowledge, but also a lack of a sensible management method. Personal finances are a pending issue for many people. It’s common to think that spending…
More than 75% of Spaniards acknowledge that they need to improve their financial literacy. This data corroborates the theory of the PISA report, which places Spain below the average of European countries in terms of the population’s financial knowledge. Do you feel lost when people use banking terms ? Don’t worry, it’s perfectly normal. The…
Joint accounts are very common in Spain. They’re used by couples, families, businesses, and even roommates to easily manage their daily finances and, while doing so, try to save a little. However, like any financial product, it’s a good idea to understand how it works to avoid any problems. Let’s delve into all the advantages…
Discounted mortgages are gaining popularity in the mortgage market. Their main advantage is lower interest payments and, therefore, a slightly lower monthly payment, but the truth is that they’re not always the best option. Learn exactly how a discounted mortgage works and how to assess whether or not it’s right for you. Applying for a…
