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  • Centers and universities achieve 32 Consolidator Grants, placing Spain as the fourth recipient country of aid
  • Each researcher selected has up to 2.75 million euros for his project

The Spanish centers and universities have obtained 32 Consolidator aids from the European Research Council (ERC), which means an approximate financing of 60 million euros. The 2014 call, aimed at excellence projects of distinguished researchers, places Spain as the fourth recipient country of aid with the Netherlands and only behind the United Kingdom, Germany and France.

Thanks to the aid granted by the ERC, Spain has managed in recent years to attract top-level foreign researchers and facilitate the return of national scientists who developed their work outside. The Consolidator Grants, which grant up to 2.75 million euros per selected project, are grants from the leading research funding body of excellence in Europe for experienced researchers.

During 2014, Spain has significantly increased the aid received. According to a report published by the Spanish Foundation for Science and Technology (FECYT), Spain has tripled the number of projects funded by the ERC from 2008 to 2013. The report states that Spain was ranked eighth in terms of funded projects, positioning itself above the average with 208 grants awarded in the period 2008-2013.

In terms of financing, Spain ranks seventh in the total amount granted through grants, with a rate of return of 5.2% for all countries and 6% for EU countries.

4 steps to stop living with your parents without dying in the attempt

Image result for moving outAs you grow up and become an adult, you begin to need your own space to have greater independence, to set your own rules and achieve personal goals. However, sometimes the opposite occurs. According to the INEGI, in 2015, 32% of young people between 18 and 34 years old still lived in the house of their parents or relatives and only 18% had decided to become independent.

The Condusef reported that 5 out of 10 young people continue to live with their parents, because they enjoy a roof, food and receive partial or total funding for their studies. This tells us that many young people feel more comfortable living with their parents.

However, it is also true that current economic conditions are unfavorable for young people. According to a study by Dada Room , the platform for sharing a department in Latin America, the salaries received by recent graduates range from $ 5,000 to $ 10,000. While the rent of a room in Mexico City can cost $ 3,800 and the rent of a department for a person costs around $ 5,200.

As a result, young people will allocate an average of 47% of their monthly income to rent an apartment, says Dada Room. This percentage exceeds what is recommended by specialists, which is 30%.

With this panorama, we can find several reasons to continue living with the parents, but we know that becoming independent must be carried out sooner or later. For this, in Finerio we share 4 steps that will help you start a new stage of life.

1. Plan

Image result for financial planIf you are already convinced to leave the nest, before hurrying and start looking for a place to live, ask yourself: when am I going to change houses? How much money do I have or how much do I need to achieve it?

The Condusef recommends putting a saving period of 3 to 5 years. This seems crazy, but it depends on each case. For example, if you set a monthly savings for 5 years, you can even reach for the down payment of a house. So, the idea does not seem so outlandish anymore, right?

The more time you have to plan, save and invest, the more successful the transition will be.

2. Create a budget

To be independent means to assume different expenses such as: food, services, rent, deposits, taxes, among others. To keep track of any expenses that may surprise you later, make a budget.

A good reference to prepare your budget is the 50/20/30 rule, which allows you to make a balanced spending plan, including a savings fund.

The rule is about using 50% of your income for essential expenses such as: water, food, gas, electricity, transportation and essential items. You must allocate 20% to your savings and debt payment plans. 30% is for personal expenses that improve your lifestyle. In this last category are considered expenses such as cell phone plan, subscriptions such as Netflix or outings with your friends.

On the other hand, you should consider that, when moving, you will need furniture, kitchen utensils, refrigerator, washing machine, among others; what you will also have to add to your list of possible expenses.

Your budget can be arranged in the way that suits you, but the most important thing is to put it into practice and stick to it. Start helping your parents with the payment of services and the pantry that covers your needs, so you have an idea of ​​how much things cost and you get used to making those payments.

To keep track of your money, you can rely on Finerio, the first application in Mexico that allows you to link your bank accounts and register your purchases in cash, to have all the information of your expenses in one place. Also, the app allows you to create budgets, which automatically tracks and shows you, through graphics, how you are spending your money. It’s totally free and available for Android or iOS.

3. Save and invest

Related imageOnce you have your budget, start saving the amount you will allocate to future payments such as: the payment of the deposit, the rent and the basic needs that you will require in your home.

Also, it is a good time to eliminate all those unnecessary or avoidable expenses, that is, fast food, coffee outside the home, sweets, chips, bottled water or payment of commissions. These small amounts that disburse little by little are adding up a large amount of money, but they can be a great savings opportunity.

When you have collected some money, invest it to generate returns. Some investment options that require little capital and offer attractive returns are, for example, Cetes or Fintechs such as Doopla or Kubo Financiero.

4. Look for new sources of income

To move, it is essential to have a job that allows you to cover the expenses of your independent life. If you need to increase your income, look for other ways to get money such as working as a freelancer on weekends or selling items that you no longer need.

In this way, you will have a higher income and, therefore, better economic conditions to start this new stage of your life.

So, get to work, if you want to stop living with your parents, start your new lifestyle as soon as possible. Define the time you want to become independent. Make a budget of everything you’ll need. Support your parents or save on the cost of food and services. Collect the money for the deposit and the rent. Grow your money through investments. Look for additional sources of income. No doubt it is a difficult process, but not impossible if you propose.

Can you ask for a loan while taking another?

Image result for multiple loansDebts? One of the things that gives people more fear is debt, often generated by ignorance of the financial product that we have or lack of information for the optimal management of our finances. When this happens, the safest thing is that we think “can you ask for a loan while taking another?

When we talk about credit we always think that our only option is financial institutions and, therefore, we faithfully go to them to make our request. In the case of being accepted and that later we have the credit, we already know that with the interests and rules of the bank is not played, so we can not even think about having arrears. But what happens when we have a failure in our personal finances that prevent us from continuing with our payments correctly?

In addition to taking our sleep away, desperation leads us to think about requesting more borrowed money, either with the same bank or with the person we trust the most and we know that it has a solid economy to provide us with the help we need.

In this case, requesting a second loan is a possibility that we can consider when we have an active loan. However, for this to be a good idea, we must review what are the conditions so that we can request it. We will have to make an analysis of our current financial situation and the panorama that is painted in the case of having a second loan. All this will lead us to a conclusion that will be the first step to make the best decision.

Remember that applying for a second loan should be a great opportunity to heal your finances. Knowing the existing financial products in the market will facilitate the decision making and will allow you to choose the alternative that suits you at all times. Always keep in mind that the credits are a commitment, so we recommend you not to request one that in advance you consider complicated to fulfill.

Below we will tell you some of the conditions under which you can request a loan having another:

Unify debts: one of the situations under which a loan can be borrowed with another asset is when the debts come together and become one. It is common for people who have a loan that has become complicated to pay to apply for another financial product or ask for some type of loan with friends or relatives to pay the first debt.

Despair usually complicates our visibility and does not allow us to see that instead of ending debts we are increasing them more, and that now, possibly, instead of having only one, we have two that continue to grow large. If this is your case, do not worry, within the financial market there are options that allow you to unify your debts. One of these products is the “financial consolidation”, where through a credit you can pay all your debts and only pay a single account.

Have at least 50% of your first covered credit: if you think you can only request a second credit when the debts are torturing you, you are in a serious error since you can also do so when a large part of your first loan is covered. One of the benefits that you can obtain is that the second credit is adapted for the moment in which you finish paying the first, so that you do not have to give higher monthly or biweekly payments, depending on the frequency of your credit.

This means that you could start investing the second loan as soon as possible, so you can pay some debt if you have one, or you could use the money for some urgency or business. These types of financial products are known as “refinancing” and can be a great opportunity if you need to know if you can borrow another loan.

Request it in different institutions: if you have a loan with a financial institution and then want to request another, it is common that this process becomes complicated and that the second loan is not accepted. We know that banks are institutions that take care of and must secure third-party money, so if you do not have a good record within the credit bureau , it is more likely that you will not be given the opportunity to have access to a second option. of loan. But do not be discouraged, this is not the only option you have to apply for a loan .

In reality, outside the banks you can have access to great opportunities offered by credit institutions that can offer you a refinance even if you have not consolidated your first loan.

Something important that the debts should teach us and the situations that lead us to ask for a second loan is the administration of our money. This is a fundamental part for the growth of our personal and family finances. The financial issue consists of good and bad decisions, so if you have financial problems you should turn to see what you have been doing with each of your weights.

A good option to apply for a second loan is to obtain one with discounts via payroll for government workers . Behind these types of products there is the possibility of unifying your accounts under the concept of “financial sanitation”. On the other hand, the discounts, being payroll, will cause interest to be reduced and you can finish paying your credit in a shorter period of time.

Loans for government workers are like a balloon that opens up and elevate you when you are about to fall into a swamp full of debt. If you are a public education teacher you can request one of these credits and, in addition, get the money quickly to put your finances in order.