The Ministry of Finance and the Central Bank of the Russian Federation consider it necessary to contain the rapid growth of consumer lending. The financial department, according to Deputy Minister Alexei Moiseev, supports the regulator’s proposals to tighten requirements for banks. Earlier in September, the Central Bank raised the interest rate from 8 to 8.25%, and a new increase may occur in November.
In turn, the Ministry of Economic Development believes that the increase in interest rates and the tightening the provision of funds to the economy by the monetary policy of the Central Bank significantly inhibits growth.
Since the beginning of the year, the portfolio of retail loans in the whole banking system in Russia has grown by 29.3%. At the same time, the annual growth rate was already 40%. And the volume of corporate loans increased by only 10.1%.
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We are all in search of how to save money, but we often do not pay attention to the facts of how we thoughtlessly “lower” the tidy sums of money daily. Here are 10 ways to prevent your money from slipping away from you:
1. Determine what you really need to do in your home
Living in their own apartment or house, we often do not leave the feeling that something else needs to be repaired, bought, completed, and there is no end to it. Repair can be done indefinitely – spend uncontrolled amounts of money, while also getting a headache from unnecessary or inappropriate purchases. And as a result, the cranes that needed to be repaired in the first place remain leaking. Take time to sit down and calmly identify the three necessary improvements or purchases at your home. If you didn’t have a flood the other day, such an amount will be enough. Repeat this task in a month. The result in the form of cost savings and the establishment of everyday life will not take long. Continue reading
Do not like to think about money? It seems like everyone around is cleverly managing their money, everyone but yourself? The truth is that money is a tool, and we decide where and how we apply it. Let’s try to use these 10 steps in order to make a long-term peace between us and money:
1. We clearly define our financial capabilities. The longer we ignore our finances, the more frightening and confusing things will become. We will make a list of all our annual income and expenses and carefully look at where we are now.
2. We control our debts. Given the circumstances of life, it is better to be without debt than with them, and the point here is not even the money itself. Uncontrolled debt can turn into an expanding black hole that will eagerly absorb everything. Continue reading