Finance Help

Daily Archive: March 29, 2018

5 Steps To Increase Your Financial Intelligence

World experts define financial intelligence or financial IQ as the ability of a person to solve their money problems and be free financially.

By working these skills in a disciplined way, you can acquire knowledge to better manage debts, income, expenses, credit cards, purchases, protection of assets, balance the family budget and generally have the “control” of the money.

These are the 5 steps that allow you to increase your financial intelligence:

  • Increase your capital with passive income (those that do not depend on our work).
  • Protect money from losses and from predators (unnecessary debts) “spending a penny on something you do not need ends up being expensive” Warren Buffett.
  • Take a detailed budget of your money.
  • Learn to save and invest.
  • Increase your financial language.

These steps will help you to have a better quality of life, less stress, tranquility in your family; as well as conquer your dreams and achieve your goals.

5 Financial tips to start 2018

1) The key is that the monthly expenses do not exceed the income and always allocate a fixed percentage to savings.

2)  In the monthly budget always allocate an amount for savings and keep your current credits up to date to avoid paying interest for delinquency.

3)  Marriage payment, vacation in July or change of car? Set your goals for 2018 and start a programmed savings BN that allows you to achieve it and earn interest.

4) If you plan your financial life in the long term from now, you can have better results. A complementary pension plan from #BNVital is an ideal tool.

5)  Improving the budget can constantly help you make better decisions. Identify expenses that can be reduced or investments that can grow.


Because we know that many parents are the financial pillar of their family, we also know the difficulties they have to face: pressure to meet various needs and frustration at seeing the money reduced so quickly. This day of the father, Dinerio gives them 10 tips of finances so that they stop worrying and enjoy 100% their paternity.

  1. Use your money wisely

Stop spending money on beer, cars and sports. If you have a habit that is only reducing your budget and putting you and your family in difficulties, cut it for a while and you will see the results. Think ahead and invest that money in financial instruments or start the business you’ve wanted so much. If you want to know the new ways to invest your money, we recommend you read the fintech that will help you make the most of your money.

  1. Protect your family

Although nobody expects bad times, it is better to be safe than sorry. As a parent it is your responsibility to insure and protect the future of your children in case something unfortunate happens, be it an accident, illness or premature death. There are several life insurance options to protect your family.

  1. Have a savings fund

Although it is difficult to save after all the expenses that have to be made, it is necessary that you do it and that you cultivate that financial habit. Sit and analyze your income and expenses, how much can you save? Whether it’s a lot or a little, take it out. Divide your savings into various funds: emergencies, retirement, personal goals, etc. Do not touch that savings fund unless it’s an urgent situation. As a recommendation, you can put that money in a bank account to which you do not have access so easily or place it in a liquid investment.

  1. Create a budget

To achieve financial peace, it is necessary that you have complete control of all your money. Make a list of all the expenses you make per month and determine the amount of money that goes to each expense. Do not exceed the budget that you assign to each expense and do not spend all your income, it is advisable that within your budget you also include saving funds.

Dinerio is the first free personal finance platform with which you can have total control of your money from one place and wherever you are. Dinerio allows you to create a personalized budget that automatically tracks your expenses by linking your bank accounts and obtaining your financial information, saving you the work of manually writing everything in Excel tables or in notes. The only thing that you will have to manually write down is the expenses with cash.

  1. Teach your children to save and invest

Parents have a responsibility to encourage and inspire good habits in children, and the best way to teach your children is by setting an example. Strive to have healthy and responsible finances, and your children will also have them. Show them the benefits of saving and investing money. Buy a piggy bank for your children to start saving and give them rewards for their money saved. Also teach them ways to save when they go out for fun or on vacation.

A good investment option for children are the Government Cites, where they can create their account and start investing.

  1. Ask for the opinion of your children in financial decisions

Adults think that children cannot get involved in money issues; However, if you encourage that belief, your whole life will think that way. On the other hand, when you start to involve your children in financial planning you will be surprised to see their ability to analyze and understand situations. If the family is in a complicated economic situation and they know it, they will do their part.

  1. Establishes a period of family purchases

There are many needs of your family: services, food, medicines, utensils, etc. However, you can establish a period a year in which certain purchases are made such as clothing, school supplies, furniture, utensils, etc. Thus, the rest of the year you will not have to worry about that and you will have more organized your budget.

  1. Look for extra income

If during the weekends or at the end of your working day you have some free time, you can look for jobs or hobbies that give you some money. Creating a blog or a website about a topic that you are passionate about are options that are now very viable and functional. Uber, Fiverr and Airbnb are other alternatives.

  1. Have fun with your children without spending

Teach your children that happiness does not come from material goods. Avoid buying expensive and electronic toys, instead buy skill games or create your own games. Something as simple as puzzles, Lego, balls, ropes, etc. Go out to exercise with your children or practice some sport. Visit natural parks and live with them. They will be the best memories that you can give them and that require little or no money.

  1. Spend some time a week for yourself

Even though being a dad is a full-time job, it is necessary that you dedicate some time to yourself. For you to reflect, be alone or clear yourself. Being a father does not mean being Superman. You can spend 30 minutes of your day meditating, exercising, going for a walk or doing the activity you enjoy the most.

Business Administration: The Payroll Administration

The Payroll department is an important department at companies. Of course, all departments are important. But for employees this is one of the most important departments, because they ensure that they receive the right salary in time.



The payroll department processes all transactions each month. This then concerns matters such as salary increases. But there are also changes when a staff member starts to work more or less, takes parental leave or takes care leave. The commuting allowance can also be adjusted if an employee moves or if someone is ill for a long period, then this reimbursement will no longer apply. But this is not everything. Every year the pension premium changes or other premiums change, these changes must also be implemented. So, it is a race against the clock every month for this department to have all transactions processed in time.

In December and January, they often have extra pressure, because extra changes as a result of adjustments to the premiums have to be made. This change in premiums applies to all employees, so that is a very busy period for the employees of the payroll administration. This department is therefore very busy for about two weeks a month (just before the payment date), then it is two weeks quieter and then the crowds start again. That’s how that month goes out in months. Employees with questions about their salary also come to this department. An employee of the payroll administration is therefore also the point of contact when it comes to salaries.


Many companies pay the salaries of their employees on a fixed date. For example, on the 20th or 1st of the month. Often, weekends and / or holidays are taken into account. If the payment date falls exactly on the weekend or on a public holiday, most companies pay a little earlier. There are also companies that pay the salary even a few days earlier around Christmas, so that everyone has his or her salary well before Christmas. Previously everyone was sent a pay slip at home, but nowadays that is no longer the case with many companies. Employees can then log into a personal portal and can view their pay slip (and other personal documents / data) there. The annual statement is often no longer sent. This is also stored on the personal portal. An employee then has all the data neatly together. He can always view this information and print it if necessary.

Kind of people

Employees who have a lot of affinity with numbers are working on the payroll administration. They must be able to work very precisely, because after all it is about the salary of an employer. This must be good. The payroll administration is therefore an important department!


Financial Education: Tips To Learn How To Save

Saving refers to the action of reserving some part of ordinary expense, in order to obtain something. All at some time we have saved in some way, from piggy and the famous batches, making use of some of the financial instruments offered by banking institutions.


To save, it is necessary to organize our resources and prepare a savings plan that contains 3 fundamental steps:


The first thing to know is what do you want to get? What is the best option? How much does it cost? In this sense, we recommend that once you know what you want, check several options and compare prices, quality and benefits, until you find the one that best suits your needs.

For example: If your goal is to buy a car, you should think about what brand you would like, if you want standard or automatic, what color, used or new, etc., to later give you the task of going to car agencies to compare prices.

Once having this clear, you must decide when you want it? To determine a time range is very important, since from there you will be able to define the necessary resources in that period.


You must answer two elementary questions: what are my income? and how much do I spend? For this, we recommend you add your total income and compare them with expenses, making a list of fixed expenses, which refer to those that we can foresee.

These do not necessarily have to be always the same amount (since we do not know how much the receipt of electricity or gas will arrive), however we know that month after month we will have to pay it. For example: rent, internet, cable, telephone, super purchases, etc.

On the other hand, make a list of variable expenses, those that are not indispensable and that change constantly. Such as: meals away from home, going out to the movies with friends, medical consultations, buying shoes or clothes, etc.


Once you have both lists and have compared them with your total income, analyze the expenses that you can do without or those that you could reduce.

There are unforeseen expenses that it is impossible not to cover such as medical consultations and medicines; but for example, if you noticed that you spend a lot of money eating every day at the little restaurant near your work, you could try to bring food from your home.

This setting will allow you to increase the amount available to save. Because remember that “Saving is not an end, but a means to obtain something that you want or need; It can also be the best tool to get out of any unforeseen event that involves a heavy expenditure. “

Also consider the possibility of downloading a personal finance app, this can help you keep track of all the income you have every month and make you aware of what you are spending your money on. Once you have completed these steps, you can decide where you will save the amount of money you have set aside to achieve your goal.