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Need to save? Nine tips to cut your monthly budget

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Need to save?  Nine tips to cut your monthly budget

OWhen prices go up, costs go up, so saving can seem like an even bigger mission. O Doctor Finance thinks it’s even more important to control spending in this scenario in order to cut down on the monthly budget, and leaves nine tips.

1. Reduced water consumption

“This is already an ‘old’ recommendation as we should try to make it a permanent habit and not just because of price increases. Reducing water consumption, in addition to helping to reduce the monthly bill, is an important action for us to help conserve the resources of our planet. It can start with everyday activities like turning off the faucet while brushing your teeth and washing dishes, for example.”

2. Reduced energy costs

“There are several ways to reduce the cost of your electricity bill with small gestures in our daily lives. The simplest and most obvious is to turn off all the lights in the room when we do not leave it. Another very effective tip is to change the incandescent bulbs in your home to LED bulbs.”

3. Less eating out

“Lunch or dinner at a restaurant, or breakfast at a bakery near your home can be the perfect way out of your daily routine. However, when it becomes a regular habit, it represents a bold hole in the monthly budget.”

4. Are you going to the supermarket? Only with a list and no hunger

“Many of us make this mistake, quite often: we know we have to go to the supermarket because something is missing at home, but we don’t really know what. necessary, because we doubt whether it is missing or not.

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5. Set a monthly budget and stick to it

“Planning your monthly expenses and listing all your expenses is a great strategy to get an idea of ​​where you can save money. You can start by creating an Excel file with “mandatory expenses” such as home loans, electricity, water, internet, etc. Then write down any additional expenses (such as eating out, buying new clothes, etc.). and you will have an estimate of your monthly expenses.”

6. Have you ever heard of the 50/30/20 rule?

“A good method of planning a family budget is the 50/30/20 rule. This formula breaks down your monthly expenses into three parts:

  • 50% of the monthly budget must meet fixed expenses as mentioned earlier: house rent, water and electricity bills, food and transportation costs, etc.
  • 30% can be used for extra expenses such as travel, eating out and buying new clothes.
  • 20% of the amount must be used to pay off existing debts or create a reserve fund. Thus, he is always ready for possible failures in the future.”

7. Say no to food waste

“Laziness or ignorance can lead us to throw away leftover food that could be used later. Take the time to plan your meals for the week so you don’t waste food and use what’s left for lunch the next day.”

8. Consider investing your savings

“At times when inflation does not subside, as now, “stagnant” money begins to depreciate. This is due to a decrease in purchasing power, so the ideal solution is to start investing your savings.”

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9. Negotiation can be key

“We often view contract renegotiation as a consequence, meaning we view it as a last resort to avoid default. However, renegotiating the terms of your contracts – be it personal loans, home loans, insurance, internet and others – can actually help you save several hundred euros.”

Read also: This way you can dry your clothes faster in the car.

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Economy

Prices for the next week (from 5 to 11 December)

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Crédito Habitação Activo Bank

Fuel price information is based on calculations that take into account quotations on international markets and other factors taken into account when pricing fuel in Portugal. This is the data that I collect weekly from my sources in the fuel market.

I remind you that despite this price indication, each filling station can set the price it considers appropriate🇧🇷 Only private label gas stations should follow brand guidelines. Dealers and each brand may or may not follow the market leaders. But in my experience they go one after the other. This is the price trend for the coming week.

PORTUGAL continental

🇧🇷 Previous weeks*: (-5)(-10)(-7)(4)(-1)(-0.5)(9.5)(11)(+2)(-7)(+1 )(-7)( 11)(5)(-2)(-9)(-1)(-6)(-7)(-9)(-3)(6)(13)(12)(2 .5 )(-2.5 )(-7)(3)(-10 ISP drop)(6)(1)(-5)(-12.5)(16)(-18)(18)(14 , 5)(2.5)(1)( 0.5)(2))(0.5)(3)(2)(2.5)(3)2022

* Order of changes from newest to oldest.

🇧🇷 Previous weeks*: (-5)(-9)(-4)(2)(-1)(-6)(6)(8)(2)(-0.5)(-0.5) (-7)(0.5 )(-1)(-1)(-9)(0.5)(-5)(-5)(-8)(-1.5)(-1)(- 5) (-3)(14)(1.5) (7)(2)(4.5)(-10 ISP drop)(2)(0.5)(-4)(7)(-13, 5 )(14)(7.5)(2)(1)(2)(2) (1.5)(2)(1.5)(0.5)(4.5)2022

* Order of changes from newest to oldest.

| Previous weeks*: (=)(-1)(=)(=)(-1)(=)(1)(-2)(=)(-1)(+2)(=)(=)(= )(-1)(=)(-1)(=)(=)(=)(1)(=)(-2)(1)(=)(-2)(=)(-4)(= )(=)(=)(-1)(=)(-2)(-6)(-10)(21)(=)(12)(=)(=)(1)(=)(-1 )(=)(=)(2)2022

* Order of changes from newest to oldest.

MADEIRA

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Economy

Etihad Airways A380 close to return to the skies

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Etihad Airways A380 close to return to the skies


Image: Richard Vandervoorde/CCTV 4.0, via Wikimedia


Abu Dhabi-based Etihad Airways has just resumed crew training on its Airbus A380, showing positive signs that the superjumbo is back in the sky. Like many airlines around the world, Etihad suspended flights with this model after the outbreak of the pandemic in 2020, when the number of passengers fell and the UAE closed its borders.

Last April, the airline announced it was suspending its entire A380 fleet indefinitely to prioritize operations with the Boeing 787 Dreamliner and Airbus A350-1000, which are considered more sustainable and cost-effective models.

As a result, 10 A380s were sent for long-term storage to special bases in France and Spain, where they were supposed to be on a permanent basis, then-CEO Tony Douglas said. came to warn that cannot be reactivated due to their high cost of ownership and the operator’s commitment to protecting the environment.

However, due to rising demand for passenger travel worldwide, the airline plans to bring back some of the giants very soon, according to a tweet from aviation expert Zulkarnain. In the post (below), he says that Etihad has just started training the A380 crew. He reveals that the comeback will take place next year and that the date will be confirmed soon.

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He is actively engaged in aircraft spotting and is interested in the world of aviation, with a particular focus on military aviation, currently working in the field of professional photography.


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Economy

Minister says pensions will be renewed in January

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Minister says pensions will be renewed in January

This Wednesday, the labor secretary said the government is trying to ensure that pension increases begin to be paid in January and that differentials restore the amount provided in the formula.

“We expect this to happen as soon as possible,” said the Minister of Labour, Solidarity and Social Security, Ana Méndez Godinho, when asked if pensioners would start receiving the new pension as early as January 2023. a commitment that we have made and today we had the calculations and forecasts presented by INE” according to which the government “will adjust the value to be updated in 2023 as a result of the most recent inflation data,” he said.

According to the minister, from January 2, 2023, pensions of up to 960 euros will be updated by 4.83%, which is basically the value that is the necessary differential to achieve the exact value provided in the formula. [de cálculo]in addition to the already paid half board.

For pensions from 960 euros to six AI, the increase will be 4.49%, and for pensions over six AI, the increase will be 3.89%, Ana Mendez Godinho specified, noting that “the AI ​​itself will be updated by 8.4%”. , becoming 480 euros”. That is, he gave an example, “to a pension of 500 euros there will be an increase of about 24 euros.”

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The Minister assured that “pensions are still not cut” and that “a decree will be issued to adjust these differential values ​​to ensure that the sum between the two parts, between the half pension [que já foi paga] and this update that happens in 2023 guarantees exactly the same value [que] will give when applying the formula.

Ana Méndez Godinho spoke in Santarém on the sidelines of the Qualification Centers meeting, which takes place at the National Center for Agricultural Exhibitions and Markets under the motto “Transforming the PRR Program for Qualifications”.

IAS to be updated by 8.4% in 2023

The value of the Social Assistance Index (IAS) will be updated to 8.4% instead of 8% in 2023, increasing to 480.43 euros, the Ministry of Social Affairs announced today.

These adjustments, whether when updating IFRS or pensions, are based on inflation data released today by the National Institute of Statistics (INE), which shows that the average inflation over the past 12 months, excluding housing (which usually serves as a benchmark for IAS and pension updates) was 7.46% in November, accelerating from 6.83% in the previous month.

The Ministry of Labour, Solidarity and Social Protection said in a statement that the IAS – an index used to differentiate the renewal of pensions depending on their monthly value – will have “an increase of 8.4% in 2023, from 443.20 euros to 480.43 Euro. “.

Initially, the Government mentioned that IAS would be updated by 8%, recognizing that the value would be adjusted if the resulting inflation was higher than estimated.

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