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Personal finances are very important to keep in balance our economy. Today many Latin Americans have problems with personal lasfinanzas.

The definition of personal finance is simple because it’s the way we relate to our environment through money.

Personal Finance can also involve the payment of a loan or debt obligations.

The decisions we make daily have to do with the Personal Finance: the work we have, where we take our food, such as transportation, school our children, plans for the weekend, shopping we do, every decision we make has its financial base.

We do not have enough money to cover our costs savings do not know how to properly manage their personal finances.

Life has many unexpected, so it’s better safe than sorry. Many people work only to pay debts, others invest in amusement, gambling or unnecessary products and activities, however, there are those who prefer desembolsillar a certain sum of money in a business that can bring benefits in the future.

There are many ways we can spend our money, how difficult knows how to distribute it to keep in balance our economy.

all people should know what are the tools we have to plan our personal finances when buying a car, a house, ride their own business or buy shares in an existing pay school fees and extracurricular activities children, vacation trips and many activities, both personal and business.

Since we can realize personal finances are very important to keep in balance our economy.

You probably like many entrepreneurs you think the most important thing when creating a company is to have the capital resources to do so, and that’s why you do not dare in any way to start your project, with a damning end you have to lose all momentum and drive to achieve original purpose, that is your business idea into your business.

Since this is really wrong, because if you do not have full clarity on how much capital you need to start a business plan, because as you can go directly to prospective investors, financial institutions or support a business entity, when you do not even value of the dollar Your project is what you need, most importantly, do not have a business plan.

Then, unfortunately, with a focus on money, make no doubt the left side, much more important aspect is important when starting your business. For example, one of which is the Market Study, which tells you who you would give your service or you will sell your product. This market is finally standing real value of your project without this market does not make sense of your business idea.

In addition, by focusing on money, please put aside the most appropriate knowledge and technology needed for your production process, not knowing what is the latest in the manufacturing process is being done at this point to global, national or local. If you do not do technical studies.

Also, focusing on money please put aside the research team who will accompany you in the process of creation and consolidation of the company. Who are your potential partners? Where are the partners?, Does the profile have to have a partner? You have not found that the profile of your employees needs what skills or abilities needed by staff to meet the goal? How much they pay? How is the contract? What will the organizational structure of your business, how the law will shape this new business? What tax and legal implications of this legal? If you have not done study of administration, organization and law.

And if eventually you are so worried about money, well now let’s talk numbers: Do you know how much benefit you even, “And to set the cost of production or service provision, do you know the cost of your variable? How many employers are hiring, what who should pay taxes? What is the balance sheet, what is a statement of retained earnings? What is the internal rate of return on your project, what is the net present value you would expect, is cash flow? What is the projected sale of the project?, and finally what the expected profit for the first year of this project?. That is, you have not done financial studies.

Why is time so important to not focus first on this money? Since you have much, much, much to investigate before it is safe to know how much capital your business needs.

Loans from the Small Business Administration (SBA) made by banks to small businesses owned by Hispanics in California dropped 84 percent from 2007 to 2009, the highest percentage decline in minority business loans reported Monday.

According to the California Reinvestment Coalition, a nonprofit advocating for minorities equal access to the bank, “small businesses” that make the work more than any other segment of the economy have no access to credit, what they cut staff and many have had to close. “

Coalition explained that the amount of loans to small businesses in California declined by 1.5 million between 2007 and 2009, which means a reduction of 21.000 million dollars.

Five of the largest banks in the Hispanic market, Bank of America, Wells Fargo, U. S. Bank, Union Bank and Citibank-trimmed SBA loans to Hispanic businesses by 89 percent.

As a result of the economic crisis and lack of credit support, in Los Angeles was closed on 25 percent of businesses in 2009 compared with 2007, which means the city which has lost more than 150,000 jobs.

The report “Small Business Access to Credit: The Little Engine That Could” noting that in addition to Los Angeles in five counties-Alameda, Fresno, Sacramento, San Diego and Santa Clara-loans to small businesses located in low-income people has been reduced from 70 to 79 percent.

Bringing together nearly 400 senior executives and economists, the bank company BCI and the Division of Economiand Finance Bank, which conducted the first economic forum entitled “Challenging the Paradigm, facing the recovery,” which was attended by 2001 Nobel Prize for Economics Joseph Stiglitz and the Chairman of the Central Bank, Rodrigo Vergara.

Nobel Prize praised the economic policies that have followed Chile in recent years and highlighted management of state taxation, which in his view, has made the national economy in a privileged position.

For this, Stiglitz said that Chile, emerging countries as well, highlighted by a financial system that is very well regulated and strong public finances axis, which in his opinion has become one of the best ways to overcome the crisis, as has been seen in the case of Asian countries, which continues to grow.

“Asia can sustain current growth rates thanks to a good financial system, that Asia has been very active,” he added.

According to a professor from Columbia University and a Ph.D. Economics from MIT, is now the world is divided into several groups, in which Europe and the U.S. is very weak and developing countries are the backbone of the global recovery. With this background, Latin America in his opinion “the middle ground.”

Savings deposits grew and as such, the type of law enforcement. In pure products to time deposits, other deposits are now joined by a new period and again. Note that April (annual percentage rate) who is being promoted for a short period, not in accordance with the actual results will accept. Take time to calculate the exact amount of interest that can receive and decide whether the compensation for recruiting.

This is the most conservative time savings. The latest data published by the Bank of Spain proved. According to a recent report from this institution, private savings rose to € 416975000, one of the highest levels in recent years. What is the outcome of the battle in which the bank and has been involved in recent months, where they had come to offer deposit interest to April 4.75% for one year. However, the more difficult to find such a high return without conditions. The range of law enforcement continues to grow and in recent weeks launched a campaign that is very different. Therefore, when choosing a product, please note the following key: simplicity and liquidity. Look for products that provide a little air conditioning and facilities to eliminate the principal prior to maturity, especially if long-term.

Banco Espirito Santo prelaunch of deposit with the image of Cristiano Ronaldo. The company is in full campaign to promote the new taxation for one year and six months. Cristiano Ronaldo new tank offers 4.60% April results for anyone to get money from another entity. Additionally, Banco Espirito Santo to pay interest semiannually holder. However, he pulled his money before maturity, you must face the punishment that there is no interest amount to withdraw from the contract period until the date of cancellation. To purchase this product must invest at least € 25,000 and a maximum of two million Euros.

NGOs distribute staples to 218 organizations across the province which, in turn, make it reaches 33,500 people, about 11,000 families in need. Half of the products entering the Food Bank come from the EU food surpluses. Bureaucratic and slow Brussels to manage the surplus, which is processed by the company through public auction, cause that between January and June, the Food Bank must do without these resources.

At the cost of private aid
During this time, “we should hang out with the contribution that we make companies and private institutions, aid is erratic, less regular and more stable than the community,” said Juan Vicente transition to demo, head of the Food Bank Alicante. Situation “, which came at the greatest needs that we have lived throughout our history.”
In periods of economic boom, says Pearl, “we have been able to fix, because we paid assistance more timely, more in the short term.” With unemployment figures run “more dramatic, more serious and people need long term assistance for the longer the crisis.” Not surprisingly, these institutions will close 2010 with 2,500 tons of food were distributed, compared with 1,500 tons the previous year.

The number of beneficiaries has also increased by 45% over the previous year. Figures up, “they do not we let go of feelings of inadequacy, we did not get everything.” Associations that help Food Bank “is being inundated with requests from partners and eventually moved to our pressure.”
Situations that connects “the more people who every day come individually to ask for food.” In this case, “unfortunately, I must explain that we do not do personal delivery, conducted by the association, which controls the family records that are in a situation required.”
Juice, milk, cereal, cheese, rice … Food Bank distributes various kinds of staples.
Association of host consists of two types: those who cook these foods and give them to people in need, such as a house or kitchen, and they distribute the goods were organized in batches, for families in need.