Better save than pay off in Germans

Better save than pay off in Germans

Better save than pay off in Germans

Many Germans save like crazy. There are deposits of less interest than you must spend for lending rates. Those who made loans primarily degrades, thus more profit.

In the crisis put the Germans prefer saving for uncertain times. On average, the German savings rate in the first half of 2009 was a record-breaking 11.2 percent. On the other hand, many people borrow money at the bank - after all, the cost of borrowing relatively modest. What's often overlooked, the loan commitments generally cost more money as interest-bearing savings accounts bring in return. So to reduce debt brings higher return than accumulating savings.

 

Many households have debt from open car or real estate financing. Such loan commitments often cost five or six per cent interest. "Every credit repaid early almost a return € brings the level of the effective interest rate loan," said Thomas Bieler, financial expert of the ING-Diba. And the completely tax free. In contrast, focuses on current interest rates of time deposits or savings bonds credits from two or three percent. Assuming a savings bond brings three percent interest, a car loan costs six percent, then the waiver would bring the savings interest rate while paying off the credit that is at least a surplus of three percent.

Subtracting one of the flat tax in the bill, increases the gain. The bottom line is it pays not to serve for a loan at six percent interest and to buy savings bonds simultaneously with two or three percent interest rate credit. To lose this dual strategy, no money would have to bring six percent return on savings certificates!

by http://www.geldsparen.de/sparen/Kredit_Geldanlage/geldanlage-tilgen-geht-vor-sparen.php

Car Insurance - Discounts for new drivers the EU

Car Insurance - Discounts for new drivers the EU  

"Accompanied driving" pays off

By Horst Peter Winding

Many insurers offer discounts novice high, if their parents already insured there sindDas model "Accompanied driving from 17" has proven itself. And reward the insurance, the lowest number of accidents with heavy discounts. There are some tricks to reduce the insurance premiums for new drivers.

From January 2011 "will Accompanied driving from 17" (BF17) was added firmly in the German Law. Then everyone has the right drivers, with 17 driving test and store up to the age of 18 Age accompanied by an adult to gain driving experience. In view of significantly lower accident rates auto insurers offer discounts to graduates of the BF17 to 50 percent.

In general, drivers should expect the car insurance with the highest premiums. According to consumer advocates is to start from a surcharge of up to 230 percent. This is due to the accident, under which are 18 - to 25-year-old motorist main causes of serious accidents. According to the ADAC they were last year responsible for about 30 percent of fatal accidents.

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Many insurers offer discounts novice high, if their parents are already covered there. So the sons and daughters of insured in insurance can ask for a family discount. Some insurers rate the driving novices at 140 percent if the rest of the family already has a policy there.

As an affordable insurance option for novice drivers recommends that the federal government of the insured (BdV), to insure the car as a second car of the parents. If both insured explain in writing after a few years ago that son / daughter of the second car have driven, the drivers, the damage-years of service.

How BF17

The application for accompanied driving (BF17) can be submitted to the competent authority to drive at 16 1 / 2 years. This is an additional fee, inter alia for the review of the accompanying person on their driving. Several associates must alternate.

Accompanying persons must be at least 30 years old, have at least five years a valid license in categories B and BE, and have no more than three points on their driving.

Accompanying persons may not engage in the traffic, it may not only control the drivers and support with instructions and tips. Accompanying persons may not drive during the more than 0.5 per mille alcohol in their blood.

The "normal" driving school is the same as before, but a year early.

The theory test for driving licenses can be three months before the 17th Age done, the practical test within one month prior to the 17th Year of life.

By the age of 17 Year of life to be issued a temporary certificate examination that young drivers may then only drive with a companion. The right to drive is only valid in Germany. Violations of these rules necessarily lead to the revocation of the license and to pay a fine.

The unlimited license and the EU driving license card drivers then get to the age of 18 Year of life.

http://www.biallo.de/finanzen/Versicherungen/kfz-versicherung-mit-rabatten-fuer-fahranfaenger-begleitetes-fahren-zahlt-sich-aus.php   by