This week, we’re looking at prices in Northern Europe. Anyone who has traveled knows that prices can change a lot from one city to the next, even within the same country. With €100 you won’t have the same level of purchasing power in Madrid as you would in, say, London or Athens. We’re going to keep it simple, though, and focus on just one question: What can €100 get you in 15 of Europe’s major capital cities?
Anyone who has travelled knows that prices can change a lot from one city to the next, even within the same country. With €100 you won’t have the same level of purchasing power in Madrid as you would in, say, London or Bucharest.
The purchasing power of a given currency depends on a number of factors, one of which is the level of wages. But let’s keep it simple and focus on just one question: What can €100 get you in 15 of Europe’s major capital cities?
For starters, let’s take a look at four southern European countries.
UEFA EURO 2016 is starting soon. ING tried to find out how is the football fever going in 13 European countries through an online survey conducted by ING International Survey and IPSOS Social Research Institute.
Football, especially large international tournaments like EURO 2016, is great fun and no one should take it too seriously. Nevertheless, it’s clear from our findings that sports events can also shine a light on certain natural human foibles and tendencies.
Let’s have a closer look at it 😉
We have already talked about budgeting and how to create your own budget. We know how hard it is to monitor your own income and expenses – not to mention those of your family and/or company! In this article, we’re stepping up a gear to look at a selection of apps that can help you manage your budget and save money!
Above and beyond generally advised practices, the best way to limit your spending is to keep track of your expenses. But how? Thanks to budget management applications, it’s easier than ever to keep track of money coming in and going out, collect statistics about your spending habits and identify which areas you need to focus on to save money. Here are some of the most useful apps.
Will virtual currencies used on the web ever replace physical currencies such as the euro? This is not certain, especially for the most used of them, the Bitcoin.
Looking for your wallet, handing over some cash and checking the change back or digging for coins to pay the exact amount: we all know the daily grind of trying to quickly pay for the much-needed cup of coffee or the after-lunch pack of gum while the people in line behind us are getting impatient. Soon this hassle will be a thing of the past thanks to contactless payment, a technology that has made its debut via bank cards, and is now quickly spreading to smartphones and connected watches.
Crowdfunding platforms where everyone can fund a project or seek funding, mobile applications that allow you to manage your banking activities from your smartphone or your computer, digital currencies such as bitcoins, electronic payment systems where you don’t need to enter your code bank: the world of finance has changed considerably in the past decade and it is only the beginning!
New market actors such as FinTech companies want to use technology to deeply transform the rules of the finance industry. To face this transformation, financial institutions have to reinvent themselves. What will the bank of tomorrow look like? Let’s take a peek at a very near future…
Technology has changed our lives in many regards. After the music, news and tourism industries, it’s now the turn of the banking sector to undergo a digital revolution. Indeed, the banking world has changed more over the past decade than it has in 200 years. The main actors of change are Fintech companies. But what does the word Fintech even mean?
Who hasn’t experienced money problems at some time of their life? But does being occasionally broke at the end of the month mean you’re over-indebted? Of course not. Someone is over-indebted when they can’t face their non-professional debts anymore and struggle to keep up with daily expenses. If you have incidental money problems, you are not over-indebted. Over-indebtedness is a persistent situation that gets worse over time.
Over-indebtedness can be due to unexpected events such as a job loss, changes in the family situation (divorce, separation, etc.) and illness or to too much spending. Anybody can very quickly get caught in the negative spiral of over-indebtedness.
Yes and… no. On the one side, sharing costs (rent, food, car, etc.) enables you to make significant savings. Moreover, if the couple registers a civil partnership to their local commune, taxation is more advantageous than separate taxation, even without children. On the other side, living together is not necessarily Scrooge’s paradise. Unexpected expenses can occur like, for instance, the fact that one partner doesn’t want to impose limits to the lifestyle of the other or hides debt for fear of compromising the relationship.
So, what are the financial risks of living together and how to avoid them?