Monthly Archives: August 2019

4 ways millennials can start saving

This is what happens to many millennials – who were born between the end of the 80s and the mid-1990s – since one of the trends is to live experiences and not stick to property or things, which has somehow caused that the saving is also set aside.

But whether you are looking to buy a new car or go on a trip, saving is essential to achieve those goals

But whether you are looking to buy a new car or go on a trip, saving is essential to achieve those goals

So, if you are a millennial and you wonder how you can start saving a part of your fortnight when the money seems not to reach, consider these tips:

1. Analyze your habits and correct them 

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To begin it is necessary to have an adequate order. Do you know how much you spend on your monthly expenses? Preparing a budget is essential to lead to savings. The idea of ​​the budget is also to identify where our money is going and what we can correct.

2. Do not eliminate, dose 

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The idea is not to eliminate all expenses that are not mandatory, that is, the tastes and whims. If you cut everything at once, it will be more difficult for the habit of saving to stay longer, because you will feel deprived. Ideally, choose to reduce them. For example, if you buy a coffee every day, choose to do it only 3 times a week; The same goes for lunches outside the office, taxis, etc.

3. Search for new options 

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Information is key to finding new proposals and saving. Do not cling to a single clothing brand, to the same places to go out to eat, etc. The more alternatives you look for, you can find better prices.

4. Use the technology 

Did you know that buying online is much cheaper than buying in store? Similarly, there are many apps that grant discounts to users or online coupons that allow you to go to places with a low budget, leaving more for savings.

Finally, do not leave the money you save in your bank account, as you will be tempted to spend it. Compare the different options and open an account in a bank that does not charge you maintenance and also pays you interest for the money deposited. To find the ideal alternative, you can use web comparators such as Wolfdietrich’s.

What are the common terms and conditions that apply to mortgages? – Loans

As we have mentioned many other times here on the site, mortgages are a very large loan that will have a significant impact on the private economy. Since it is such a large loan, it is extra important to keep track of all the terms and conditions that apply to the loan.

The lender will always give you the opportunity to read through the terms before signing any paper so you never have to worry about it. Furthermore, there are always the terms and conditions for the lenders’ mortgages posted on their websites where they can be read at your own discretion.

But to give you a little basic overview, here are some things that are included in the terms. The exact design can, of course, then vary between the different lenders, but usually it is relatively the same.

Basic requirements


The basic requirements set by lenders are often divided into two different parts. These are personal requirements and then on safety.

Personal requirements

The lenders do not lend money to be kind, but they do this to make money, which is pretty obvious. Therefore, they set certain requirements that a borrower must meet in order for them to consider lending money. First, anyone who wants to take out a mortgage must be of legal age. This is a requirement that always applies to all types of loans. Furthermore, one should normally be a Swedish citizen and have an income that is considered sufficient.

What is a sufficiently large income cannot be said in advance as it is very much about how much the housing costs. They say for themselves that a person who wants to borrow USD 3 million needs to have a higher income than someone who wants to borrow USD 500,000.

Most often, a potential lender may not have any active payment notes. However, this is something you can get around when it comes to mortgages. On the one hand, there are lenders that target people with slightly worse finances, and then it is also possible to borrow from the big banks. Then it really is important to have a good economy so that they feel secure. Then it should be said that even with those who target people with poorer finances, there is no guarantee that an application will be approved without a credit check, as always be done.

Safety requirements

The property that is purchased must be used as collateral for the mortgage loan, which means that the lender is entitled to this. For example, the home must be worthy enough for them to agree to have it as collateral for the loan. Furthermore, demands can be made on the condition of the dwelling itself, etc.

Mortgage repayment


A loan must always be repaid, even though it often happens for a very long time when it comes to mortgages. It is not uncommon for a mortgage loan to be repaid in 50 – 60 years. However, in order to get such a long repayment period, the borrower must be quite young. Sometimes the lenders can also agree that the borrower does not repay anything at all on the loan. This gives even lower monthly costs, but at the same time the loan becomes totally more expensive.

Divide the loan


Although a mortgage is a loan, it can be divided into several different parts. And then we are not talking about top and bottom loans. Without the mortgage, which is the part of the loan for which the home is collateral can also be divided. It is possible to divide the loan in principle as you would with different lengths of bonding times.

Interest rates

Interest rates

How high the interest rate on a loan becomes depends on the market situation at the moment and then how one chooses when it comes to bonding times. In general, it can be said that longer bonding time means higher interest rates than a short bonding time. However, this is generally why it can sometimes be cheaper with longer maturities. Otherwise, the great advantage of long maturity is that it is safer as the interest rate will not change regardless of what happens during the term of the bond. While mobile then more likely to be cheaper.



Before you sign any loan paper, it is important to know exactly what applies with different fees. For example, there may be setup fees for a loan (often negotiable) or other fees. Furthermore, one should keep track of what happens if a refund is delayed. Not because something like this is planned, but it is good to be prepared anyway.