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Does my effort increase as Euribor grows? – Money and career



Does my effort increase as Euribor grows?  - Money and career

Euribor rates have been rising for three months on all maturities. But the situation is expected to worsen in the coming months. This is because the European Central Bank (ECB) is expected to start interest rate hike benchmark, as a measure to combat the current rise in inflation in the euro area. So how might the growth of Euribor affect your level of effort?

Euribor rates go up, now what?

If you have an Euribor-related mortgage, the impact you will feel will be on the monthly payment you pay for it. This means that your current effort rate calculated by the bank to approve your loan will also increase. As a rule, banks approve mortgages for those whose rate is not higher than 30% – the limit so that the family budget is not too tight.

However, it all depends on whether you have other loans, other installments, or credit cards. But let’s move on to explaining what effort level and what it represents in your mortgage so you understand if it will bother you if it goes up.

What are my efforts with the increase in Euribor?

What, after all, is the norm of effort? This is the ratio between your family’s net monthly income and your expenses. That is, the income received should be enough to cover expenses so that the family budget is not cramped.

For example, assuming your net income is €1,500 and you pay off a loan of €400, you can calculate your effort level as follows:

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Effort Level = (400/1500) x 100 = 26.7%

Thus, in this case, the rate is equivalent to 26.7%, which is below the maximum limit of 30% set by the Bank of Portugal for mortgage loans.

But let’s take another example: if you get €2,000 net, you have a €600 installment installment on your mortgage, your effort rate goes up to 30%. If you have other charges in addition to this loan, such as a €100 car loan payment and €80 monthly credit card debt, the effort rate would be equivalent to 39%.

However, if your loan payment increases, your efforts will also increase.

In this sense, if your allowance increases by 50 euros, and incomes do not grow, it may be worth making adjustments to the family budget.

While this is not a significant increase at this point, you should be careful not to make new loans or expose yourself to new charges. Instead, focus on reducing non-essential services in order to increase the financial deficit of the family budget.

But if in the long run Euribor rates continue to rise up to the point that it could impact your productivity in the form of a €200 increase, your effort level is already up to 49%. Here you must take measures that involve cutting costs so as not to put the budget at risk and be able to cover all the necessary expenses.

In this case, small cuts may not be enough to achieve the liquidity you need. And you may need to consider solutions such as renegotiating your loan terms, transferring your loan to another bank, or pooling loans to reduce your effort.

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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