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5 tips to save money at the end of the month



World Savings Day is celebrated this Sunday, October 31st, and in this context, online broker ActivTrades has prepared five tips to help you manage your family budget and save money.

1. Think as a percentage: this thought can help to understand on which categories the largest share of the family budget is spent and whether this amount meets the expectations of each of them. This can be done through banking apps, through a personal formula, or a dedicated platform.

2. Remember direct write-off: reaching the end of the month with less balance than expected is a reality for many. This is often the result of unconscious expenses such as direct debit. To overcome this hurdle, it may be appropriate to take note of all costs, even those that are direct debit.

3. Set your monthly savings amount: the amount of savings must be at least 10% of the monthly income. This must be taken into account in all transactions carried out during the month. To do this, it can be helpful to make a list of what you really need to buy at the supermarket, properly manage water and energy resources, and rethink telecommunications contracts.

4. Do not forget to send data on gas, water and electricity: As the old adage goes, “saving is a win.” So, in order to avoid estimates, hits, and unjustified payments, the secret is to send the calculations on time. To do this, just check the dates on which they should be indicated in the invoice.

5. At the end of the week, think about your expenses: Sunday is easier to get a broader idea of ​​what the week was like in terms of spending. In this reflection, it is important not to forget about the small day-to-day expenses.

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Sky Cruise, a futuristic hotel that floats above the clouds and can stay in the air “indefinitely”



Sky Cruise, a futuristic hotel that floats above the clouds and can stay in the air "indefinitely"

Sky Cruise, invented by Tony Holmesten and reimagined and animated by Hashem Al Ghaili, is an air hotel that can accommodate up to 5,000 people without having to land. At least, this is the idea of ​​the project, which is unlikely to come true due to the laws of physics and aerodynamics.

About Science Communicator Hashem Al Ghaili publishedon his YouTube channel, a video in which he introduces the Sky Cruise concept, “Nuclear ship hovering above the clouds” air hotel.

The futuristic hotel, which can “accommodate five thousand guests,” is designed for “an exceptional journey,” says the animated video.

Its “elegant design” combines the characteristics of a commercial airliner with a luxury cruise ship.: Sky Cruise has a giant 360-degree hall accessible by elevator, and the main platform is “ideal for entertainment – it has shopping centers, gyms, swimming pools, restaurants, bars, playgrounds, theaters and cinemas.”

There is also a place for organizing events and work meetings and even a place for weddings.

“If you want to make a declaration of love above the clouds, the Sky Cruise wedding space will provide you, your partner and your guests unique and unforgettable experience“, says the scientist.

There are also places on the plane where you can relax and watch the stars or the northern lights.

In addition to all this, Sky Cruise will not emit a carbon footprintas its 20 electric motors will be powered by nuclear power.

A small nuclear reactor would use well-controlled fusion to give an air hotel unlimited power, meaning the hotel would never run out of fuel and be able to “endlessly” float in the air without touching the ground.

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Turbulence will not be felt on board the aircraft, as navigation systems can use artificial intelligence to predict turbulence minutes before it occurs, the scientist said. If detected, the system “anti-turbulent technology” may prevent you from feeling.

“Everything is thought out for your comfort and safety,” says Hashem Al Ghaili, assuring that Sky Cruise will put an end to jet lag, motion sickness and fear of flying.

Most. In the event of a medical emergency, the aircraft will be equipped with the latest technology, and both supplies and guests will be flown to the giant hotel on electric commercial aircraft departing from various airports around the world.

Nonetheless, Sky Cruise will be difficult to implement according to the laws of physics and aerodynamics.

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ECB hands tied to fight housing boom, expert warns



ECB hands tied to fight housing boom, expert warns

The European Central Bank (ECB) has its hands tied because its monetary policy tools are not enough to deal with a house price boom, John Mullbauer, a professor at the University of Oxford, warns in Real Estate Booms and Busts. .: Implications for Monetary and Macroprudential Policy in Europe”, released as part of the ECB Forum, which continues this Wednesday in Sintra.

The study concludes that there is little room for the ECB to “go against the tide” due to the heterogeneous environment among its 19 member states and therefore calls for a change in the models applied by the Monetary Policy Council led by President Christine Lagarde.

For a specialist, there is a direct relationship between the transmission mechanisms of monetary policy and real estate purchase and rental prices, which, in turn, indicates signs of a country’s economic health.

The paper highlights that financial crises are often preceded by easing lending standards and a subsequent increase in lending, as well as an increase in loans, accompanied by a sharp increase in property prices.

And at the epicenter of the housing crisis is the banking crisis. “There is an important relationship between lending conditions and non-performing loans (non-performing loans, i.e. non-performing loans). NPLs are important components of credit cycles. [e consequentemente] banking crises,” explains John Mullbauer.

NPLs are a problem for banks for several reasons. On the one hand, the lending institution may lose some or all of the funds it has loaned and no longer have the expected income from collecting interest and fees.

“This is a good paper. It is necessary to know how to calibrate monetary policy in moments of calm and more agitated moments. [para o mercado]”, comments Giovanni Del’Ariccia during the forum.

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The deputy director of the International Monetary Fund’s “research” department also insisted on distinguishing between what he classified as “good” and “bad” housing booms, citing growth or slowdown in employment in various sectors as a “good measure”. ., from construction to “communal services” between these two phenomena.

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The cost of living. Lisbon falls in the table and behind Madrid and Barcelona



The cost of living.  Lisbon falls in the table and behind Madrid and Barcelona

The spread of telecommuting and flexible work, the war in Ukraine, currency fluctuations and widespread inflation are having a significant impact on employee pay, which could have serious implications for companies in the global battle for talent. Conclusion from the Cost of Living 2022 study launched by a consulting company Mercer, which estimates the cost of living in 227 world cities for expatriates based on a pooled analysis of the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, home and entertainment. Leadership again belongs to Hong Kong. Zurich (2nd), Geneva (3rd), Basel (4th) and Bern (5th) round out the top five most expensive places in the world for expats.

Thiago Borges, business leader at Mercer Portugal, said: “The volatility caused by COVID-19 and exacerbated by the crisis in Ukraine has added to global economic and political uncertainty. This uncertainty, which goes hand in hand with significant increases in inflation in much of the world, worries expatriates about their purchasing power and socioeconomic stability.”

Foreigners paid using the origin approach usually receive a living wage allowance to maintain their purchasing power in destination countries. This subsidy is calculated by applying a cost-of-living index to a portion of workers’ net wages (their “disposable income”, i.e. the amount they spend on goods and services used daily in their place of residence).

Both inflation and exchange rate fluctuations directly affect the purchasing power of workers working outside their country of origin. The rise of remote and flexible work has also forced many employees to rethink their priorities, work-life balance and where they live. These conditions could have serious implications for companies that need to rethink their mobility strategy to stand a chance in the global battle for talent. On the other hand, this situation also provides cities with an opportunity to attract foreign investment.

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“For organizations, the financial well-being of employees is a key factor in their ability to attract and retain the best talent, and with reliable and accurate data, organizations can define clear strategies for structuring their employee mobility packages. International players in unstable times”. , added Thiago Borges.

He adds: “Working and economic conditions around the world are evolving faster than ever before. Companies must carefully navigate international contract costs/packages during times of uncertainty and adapt to the new world of work to ensure business sustainability and a sustainable future for their expatriates. “, also noting that “companies need market intelligence and clear strategies to put into practice expatriate mobility packages that are competitive in uncertain times while ensuring the financial well-being of their employees, as well as business efficiency, transparency and fairness,” it said. Marta Diaz, Head of Compensation at Mercer Portugal, holds key talent,” he added.

Mercer cost-of-living data helps organizations understand the importance of tracking currency fluctuations and assessing inflationary and deflationary pressures on goods, services and housing across regions of operation. The data also helps define and maintain compensation packages for employees in international operations. In addition, the cost of living in a location can have a significant impact on its attractiveness as a place for talent and influence the decision of organizations to choose a location to expand and transform their geographic footprint.

TOP 10 most expensive

Mercer’s Cost of Living 2022 study places Copenhagen (Denmark) 11th in the world rankings, London (UK, 15th), Vienna (Austria, 21st) and Amsterdam (Netherlands, 25th) , as well as other well-known cities in Western Europe, in addition to the aforementioned Swiss cities of Zurich, Geneva, Basel and Bern.

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The most expensive city in Eastern Europe is Prague (Czech Republic), which ranks 60th out of 227 cities. It is followed by Riga (Latvia, 79th), Bratislava (Slovakia, 105th) and Tallinn (Estonia, 140th). The cheapest city in Eastern Europe is Sarajevo, Bosnia and Herzegovina, ranked 209th.

In turn, Lisbon, which has dropped 26 positions in the ranking, is now below the middle of the table of European cities, yielding to cities such as Madrid or Barcelona.

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