3 personal finance tips for modern moms

Image result for momWhen we are looking for the familiar and financial balance, it seems that we resort automatically to the famous phrases that all our mothers have told us to make the money: “save every peso”, “take care of your money”, “buy only what is necessary “, Etc., or that we remember the feats that they were able to do to feed the family, send us to school, work, take the house and, if that was not enough, afford to indulge us with gifts and so on.

However, the moms were not born knowing everything, and many times they find themselves in difficulties to deal with all those responsibilities while they manage and, sometimes, they even generate the money. In addition, the world is now advancing by leaps and bounds: gender stereotypes, the roles of men and women, and the way we move and manage our money are also changing, resulting in little functional follow the advice of our mothers or grandmothers, who lived in another reality very different from ours. Therefore, this article aims to help modern moms with some personal finance tips that could be very useful:

1. Try to achieve economic independence

Whether you are a single mother or not, think that securing and protecting the financial future of your children depends on you, do not delegate that responsibility to your partner or your parents. At any time, circumstances can change and an illness, death or divorce can alter the course of things.

To start taking control of your family’s finances, you must first start by having good personal financial habits:

  • Educate yourself by reading about personal finances a couple of hours a week and put into practice everything you learn. We recommend you read 6 financial habits for women.
  • Seek to progress in your professional career or increase your income through extra activities. Fiverr, Uber or Airbnb are good options for additional income.

2. Have control over your money and your expenses

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Perhaps the most complicated thing is to have total control of the money and the expenses you make personally, at home and in your children.

Start by making a list of all the expenses you do monthly and prepare a budget in which you determine the amount you will allocate to each expense per month. Do not exceed the budget you assign to each expense and do not spend all your income, it is advisable that within your budget you also include savings funds for emergencies, retirement, and a fund for the education of your children, etc.

Finerio is the first free personal finance application with which you can have total control of your money from one place and wherever you are. Finerio 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.

With Finerio you can keep all your money in order and identify unnecessary expenses that may be damaging your pocket and you must eliminate or cut back to save.

3. Invest your money

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Why invest? The simplest and most striking reason is to not have to work for the rest of your life.

If you already have savings, the best thing you can do is remove them from under the mattress, where your grandmother kept it, and invest that money so that it does not lose its value over time, due to inflation. Investing your money will allow you to generate returns without having to move a finger. Investigate different types of investments and try to understand in depth how the instruments that most interest you work.

Do not make hasty decisions and start with small, safe and highly diversified investments. Currently there are already different investment funds that generate more returns than banks and where you can start with amounts of 1,000 pesos, an example is the government CETES, where even your young children can have their investment fund. Remember that saving for the future of your children and teaching them the importance of saving and investing is an important part of being a mom in the modern world. In Mexico there are different education insurance or savings funds where you can ensure the educational future of your child (Seguros Monterrey, GNP, Mapfre, Metlife, etc.)


The Council of Ministers approved at its meeting last Friday the referral to the Cortes of a draft law that reviews the legal framework of industrial property in Spain through a thorough renewal of the Law 11/1986 of Patents, in force to date.

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The main objective is to strengthen the Spanish patent system, going from a framework in which the important thing was to promote the initiative to patent a new framework in which we want to prioritize the truly inventive, innovative and novel activity.

The procedures are simplified and the regulations are adapted to the international framework of industrial property, favoring the internationalization of companies.

It thus passes “weak” patents characterized by often generating technological bubbles, high litigation and unjustified monopolies to “strong” patents comparable to International Systems. In addition, procedures are simplified and regulations are adapted to the international framework.

Main aspects that are regulated

The draft Patent Law clarifies and simplifies the procedure for granting the patent, which will always entail a prior examination that proves that the invention is new, inventive and has industrial application. In addition, Spanish legislation is adapted to the community and other international standards and treaties.

On the other hand, entrepreneurial initiative is encouraged by reducing the rate for obtaining a patent for entrepreneurs by 50%.

Utility models, for minor inventions, are also strengthened. Its scope is extended to chemical products and its regime is modified by the global novelty requirement. Furthermore, its solidity is guaranteed by the requirement of the report on the state of the preliminary ruling technique.
Finally, the complementary protection certificates, or CCP, are expressly included among the titles of protection, industrial property title that extends for a maximum term of five years the protection granted to a patent of a pharmaceutical or phytosanitary product, to compensate the greater the period of time that elapses for these products from the moment the patent is granted until its marketing is authorized.

Benefits of the new legal framework.

  • For the competition : avoid unjustified monopolies.
  • For citizens : it guarantees the seriousness of patents, and simplifies procedures, reducing administrative burdens.
  • For the Administration and the courts : the overload of the Administration and of the courts is avoided, since unjustified monopolies will not be granted.
  • Finally, the protection of innovation by SMEs and entrepreneurs is encouraged by reducing the cost of the procedure to obtain a patent.

What is the worst kind of debt?

Image result for worst kind of debtWhen applying for credit, it is important to realize that what we are doing is asking for more debt. Despite this, no one can hide from the fact that debt and credit are turning the world of today. It is therefore important to know what different types of debt are. Believe it or not, there is good debt, bad debt and, of course, “the worst debt. “

Good debt

A good debt is a debt that allows you to add value to your life. They are an investment in your future and they increase the value of your portfolio. Good debt tends to pay for itself by adding to your potential income. So, while you pay the debt today, this one will allow you to reap a financial benefit in the future. Here are some examples :

  • Real estate debt : Mortgages are often good debts because their interest rates are low and the real estate value tends to increase over the years.
  • Student Loans : A diploma is an investment that often yields a lot more income than if you were to enter the job market with only your DES
  • Business Loans : Business Loans allow you to invest in the development and growth of your business. These are often able to afford themselves quickly enough.
  • Debt Consolidation Loans : These loans help reduce the interest cost of your existing debt and achieve significant savings.

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Bad debt

Bad debts are loans that you obtain for objects or purposes that do not contribute to your financial future, or that immediately begin to lose their value. If a debt has no potential to increase the value of your portfolio, it is probably bad debt. Here are some examples :

  • Credit cards : credit card debts are bad because their interest rates are often very high. When you only make your minimum payments, this kind of debt can stay with you for years. Once the balance is paid, the amounts disbursed will far exceed the value of the goods that they have purchased.
  • Leasing : having a hiring-and-selling lifestyle can be harmful to your financial life. From these days you can rent-to-buy to almost anything – televisions, computers, refrigerators and even furniture. You could fill an apartment with only furniture and appliances rented if you wanted. This is a bad debt because the interest associated with these arrangements is often quite high that, once the furniture purchased you will have paid almost double its value in place of payment.
  • Payday Loans : Payday loans benefit people in a most vulnerable time. These are loans without a credit check that are offered in the short term with an expensive interest rate. You borrow until your next payday, and once the money is repaid you end up without funds until your next payday, prompting you to take a new payday loan and creating a vicious circle.
  • Very short-term loans : just like payday loans, these very short-term loans are nothing more than a tax on naivety. They do not do credit investigation and they charge unaffordable interest rates; the difference with payday loans is that your payments will be extended over a period of at most a few months. These lenders know that the high payments they charge will encourage you to refinance the loan mid-way, or to require a new loan as soon as the current loan ends.
  • Gambling : Playing with money borrowing will never increase the value of your wallet. You may find yourself having won two or three times in a row, but this will end abruptly and you will find yourself borrowing simply to pay your gambling debts. You can quickly develop a game addiction and find yourself in a very undesirable situation. It’s the equivalent of throwing your money out the window: your financial life makes absolutely no profit.
  • Tax Refund Loans : Some tax preparation companies will offer you to lend you the value of your prepayment. This practice consists of first preparing your tax return and showing you the amount of your refund calculated. They then offer you to give you back the sum immediately instead of having to wait for your refund, minus a fee, of course. This is deducted from the amount owed to you by the government. The problem here is that the fee is often higher than the cost of preparing a tax report. When the post office was in charge of the delivery of the checks, that kind of loan might be worth it, but in the age of electronic reporting and direct deposit, it’s hard to justify that kind of unnecessary spending. In addition, if unfortunately there is an error in your report and your refund does not go back to the amount borrowed, you may owe a large sum to the preparation company as well as to the income department.

“The worst debt”

Now that we have taken the time to look at the concept of good and bad debt, we must answer the important question: what is the worst debt ? And we find here that it is not a kind of specific debt that is the worst, but any that you are not able to pay. Especially if it has a high interest rate.

Why is this the case? Quite simply, a debt you can not pay can take you to a collection agency, garnish your wages, or even take you to a judge. No matter if the debt is on either of the above lists, if you are not able to pay it, it is the worst debt you can have.

Clark Insurance Management: What it is, how it works

Keep an eye on all insurances: with Clark, the digital insurance manager

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The principle of insurance works by many people in the form of a regular contribution in a pot of money. If it then comes to a claim, the person concerned receives a compensation from this pot. There is a special insurance for the most different areas. Motor vehicle liability, for example, protects against damage to motor vehicles. The travel health insurance covers accidents during vacation. With the private pension insurance you ensure that you are financially well secured even after your professional life. A well thought-out all-round protection is important and reliably protects you for the emergencies of life. But with so many different insurance companies, often with different insurance companies, you can ever lose track. Not with Clark, the innovative and digital insurance manager.

What is Clark?

Clark is a so-called Insurtech startup. The term is composed of the terms “Insurance” and “Technology”. It is therefore an insurance service that works with digital technologies. Specifically, it looks like this: The company offers the possibility of a digital insurance management, with which you can manage your insurances via a website or the Clark app. In the app or on the website all your insurance policies are presented clearly. In addition to the overview of your existing contracts, Clark compares your contracts permanently and automatically with the market as a whole and checks whether your insurances fit your life situation. Clark works with more than 160 insurance companies. If the technology finds a cheaper rate or an insurance gap, you will be informed easily and relaxed. In addition, a personal contact person is available to you. Regardless of whether it is a car, liability, household or pension certificate: there is a quick answer to all questions via chat, e-mail or telephone. If, for example, damage occurs, the contact person takes care of the transaction. When it comes to complex products such as occupational disability insurance, the employee calls in an expert.

More than 100,000 customers already benefit from the digital insurance service. Most recently, Clark was named Fair Money Digital Insurance Expert by Focus Money.

How does insurance management work with Clark?


And this is how it works:

  • Register with Clark through the website
    Good to know: Clark’s digital insurance manager is a cooperation partner of 1822direkt. More information about Clark and a link to register can be found here .
  • On the Clark website or in the app, add your existing insurance. To do this, you simply have to select the type of insurance, for example, household contents, liability or motor vehicle insurance, and specify the current insurance company.
    Good to know: You must provide at least two insurances, with the statutory health insurance or pension insurance not counting.
  • In a further step you enter some data online. These include, for example:
    • First and Last Name
    • Date of birth
    • gender
    • E-mail address

Clark will then create an account for you. Digital insurance management contacts your existing insurers and obtains the policies to create a clear portfolio for you.

  • With your signature, you give Clark a broker mandate. A broker then acts as a link between you and your insurer. He advises, closes or terminates insurances or takes care of the handling of claims at your request. Very important: All this happens of course only at your express wish. You can revoke the broker mandate at any time.

With the broker mandate, you give Clark your permission to obtain the information you provide from each insurance company. Based on this information, the Clark insurance management can get in touch with the insurers and prepare an analysis of your current insurance situation. The service is free for Clark customers. The company is paid directly by the insurance companies to manage their insurance. You can check the individual commissions in the insurance cockpit on the website or in the Clark app.

The North American Department of Health listens to your suggestions to elaborate your feeding guides

The North American Department of Health listens to your suggestions to elaborate your feeding guides

What I bring to you today is a first for me: The US Department of Health opens up the possibility for everyone to give their opinion (and take into account) about the report I sent you last Tuesday, entitled “New North American dietary guidelines, a lot again … good and also questionable.

Before continuing I have to recognize my mistake

Before continuing I have to recognize my mistake

I assumed that the report of the Advisory Committee for the 2015 Dietary Guidelines and its recommendations was done, that is, I considered it valid that the report in question was the final one on which the guidelines were going to be established. in question. But no, it is a preliminary report on which the Department of Agriculture ( USDA ) will later work to, at the end of 2015, offer the guides in question. In short, the entry of the other day was a report of a committee of experts that was sent to be used in an advisory manner by those who will finally develop the final guidelines.

Well, apologies apart, the fact is that in addition to this report by experts, who will end up fixing the aforementioned guidelines have decided to open a consultative period aimed at the general population so that it makes its comments, improvements, proposals, etc. report in question … can you imagine that …?

Can you imagine that our health ministry gave the opportunity for its citizens to contribute their suggestions to elaborate food guides? It would be unusual … and for what to date is known as probable as the existence of pink unicorns. So I smelled for the Americans (at least in what this case).

  1. The possibility to make them arrive ends on May 8.
  2. You will have to use 250 words or less for each of your contributions … although there is the possibility of accompanying them with attachments.
  3. It can not take more than 20 minutes to complete the contributions (it is suggested to make them separately and then copy-paste them in the form).

In addition to the popular consultation itself, I have been quite struck by the fact that it is not necessary to be a US citizen to make contributions … they are open to comments from anywhere in the world . Surprising. Wonderful and surprising.

Well, who is encouraged to tell them that, given the original recommendations of the report in question, it seems that too many trusts are deposited in the food industry so that it proposes solutions and reformulates its products to improve its nutritional profile? The basis of healthy eating … was not focused mainly on “natural” foods … what then paints so much industry and so much reformulation?

What is promised is debt

What is promised is debt

In addition to what has been said, it is time to make public the suggestions of a couple of readers who took my word when I offered the possibility to send me their interpretation of “my” food guides in the post saga “if I made some food guides” . As sure as you remember, my proposal was this … and these have been the contributions of 

What types of pensions can the beneficiaries of an IMSS insured request?

Image result for beneficiariesBy the time we all have to be prepared to face retirement and the last stage of our lives. Therefore, it is important that we know the types of pensions that exist in our country, and how we can ensure the future of our beneficiaries if some day we are missing.

In the following article you will find some of the answers to frequently asked questions about the pensions granted by the Mexican Social Security Institute so that you can be sure about your personal future and that of your loved ones if at any moment you need them.

But why is it so important to know the type of pensions granted by the IMSS? If you are a private sector worker, you may feel carefree about your financial future, but that is a mistake. You must take care of what will happen in the next years of your life so that you can live with dignity.

From the constitution of a retirement savings fund, to the constant verification of the amount of money that you contribute to the insurance, you have to fulfill the requirements so that the day comes, ensure a decent retirement and with a good economic benefit.

It is also advisable that, each time you change your job, you ensure that you are receiving the benefits properly either before the IMSS or the ISSSTE, in fact, if you have already worked for both services, you can also receive a pension .

Also, you have to think about all the factors that could happen in the future. It is not about becoming fatalistic but rather, being realistic. Death can come at any time and if that happens, you have to be prepared to protect the fate of your loved ones.

The pension, according to the IMSS “is an economic benefit intended to protect the worker when an accident occurs at work, to suffer a disease or accident not working, or to be at least 60 years of age.”

This benefit goes beyond that, in the event of the death of the worker or the pensioner, the latter can protect their beneficiaries as long as the requirements established by the Social Security Law are met.

In this way, the granting of the pension is made through a resolution that supports the right to payment of a monthly amount and access to medical services provided by the IMSS throughout the national territory.

What type of schemes determine pensions?

Currently, social insurance has two specific regimes that are determined based on the start date of your insurance quotes.

First, there is the 1973 Regime that applies to people who started contributing before July 1, 1997. The second is the 1997 Regime that applies to those who started their contributions as of July 1, 1997.

In this way, pensions are divided into 3 different groups:

  1. For the insured in relation to their age, they include unemployment in old age, old age and early retirement.
  2. For the worker upon the occurrence of an accident at work or suffering from a disease that includes Partial or Total Permanent Disability and Disability.
  3. For the beneficiaries of a worker or pensioner at the time of his death and who include widowhood, orphanage and ascendants.

Pensions for beneficiaries

In the event of the death of a pensioner or insured, the beneficiaries can apply for the pension.

Widow’s pension


The wife or husband, or the concubine or concubine of the insured or pensioner who has died can request a widow’s pension.

Only when the wife or husband is missing, can the pension be requested by the man or woman with whom the insured lived during the five years immediately preceding his death or with whom he had children, provided that both had remained out of wedlock in the concubinage.

In order to apply for a widow’s pension, the beneficiary must meet the following requirements:

The insured who has died should have 150 weeks of contribution at the time of death, except if the death occurred due to a risk of work. If you were a pensioner, you may have to prove that your rights are valid.

In addition, the spouse must prove the marriage bond or, if applicable, the relationship of concubinage. While if the death resulted from a work risk, there has to be an opinion from the institutional medical services.

This determination is established in the document “Permanent Disability or Death of Work Risk ST-3”.

In this way, the husband or concubinage has to prove economic dependence with the insured or the deceased.

While if the husband or widow wants the pension under the 1973 Scheme, he must prove total disability determined by the institutional medical services in a document called “Disability Beneficiary Opinion ST-6.

Finally, the pensioned beneficiaries will receive their pension in accordance with the regime to which the insured person belonged.

The orphan’s pension

When an insured dies and has children, they can be granted an orphan’s pension as long as a link is verified up to 15 years of age. In the event that the children are between 16 and 25 years old, they may be entitled to the pension as long as they prove their studies.

The only exception is that of the cases of children with a disability granted by the IMSS, they can receive the pension up to 25 years. In order to apply for this type of pension, the filial relationship must be proven with the insured or pensioner who died, and the age of the child must also be agreed upon.

In addition, the insured would have to have at least 150 weeks of contributions at the time of his death, and his rights would have to be valid in case of disability, retirement, unemployment in old age or old age.

In the same way, in case of death caused by an accident at work, or in case of disability of the descendants, each case will have to be accredited by the medical services of the IMSS and should be verified with the corresponding formats.

The pension for ascendants

This type of pension is given in those cases in which the deceased is insured and his father and mother still live. The only condition, or the main condition to be able to fulfill the delivery of this pension is that the insured did not have a spouse, children, concubine or concubine with the right to a pension.

With this type of pension your parents can ensure part of their future and in this way, if you are single and without children, you can ensure support for them. If this happened, they would have to prove their bond with you, and the economic dependence they have on you.

Through the IMSS website , the beneficiaries can obtain the forms they must submit to apply for any of the pensions that are delivered when an insured or pensioner dies.

Most of the procedures are performed in the clinic where the insured received medical attention, so it is probably a geographic option accessible to you.

So, now that you know everything you need to know about pensions for beneficiaries of the insured, you can worry about guaranteeing a heritage for your loved ones, or educate them so they know what they can do in case you miss them .

Remember that, to a large extent, financial problems within the home can be avoided as long as there is constant dialogue and there is always trust and planning for our future.