Excess, luxury … Wealth and luxury … If you believe the experts of the floral symbolism, the ending year was supposed to favor the loss. It was the year of the radiant orchid (Radiant Orchid), enjoying the eye with a cold shade. We explain to the male (insensitive to colors) part of the population that Radiant Orchid combines pink tinsel and purple elegance, while the orchid itself is a flower accompanying the attributes of wealth.
So what was this year 2014 like? In the passing year, like never before, we could afford a little luxury on the line. After further interest rate cuts, the loan has become the cheapest for many years, although – let’s be honest – the price is determined not only by nominal interest, but also by additional fees charged by banks and loan companies. The latter, which are collecting links for the exceptionally high APRC (real annual interest rate), decided to reduce the cost of the first loan to zero this year. At the moment, most non-bank loan companies apply the principle: “First loan for free”. The ending 2014 was therefore a breakthrough on the payday market. More and more Poles use such fast money. Apparently, every third small loan (up to $ 4,000) is taken not at the bank, but at the loan company …
When the loan gets cheaper, the interest on deposits also decreases
Although all studies of Poles’ financial behavior suggest that our desire to save is growing, keeping money in banks brings much less nominal profits than in previous years. Fortunately, we have several aggressive players on the market (smaller banks), who even this year tempted with 5% deposits. Also now, at the beginning of the new year, we will find deposits with an interest rate exceeding 3 points (per annum).
Speaking of banking strategies, it is impossible not to notice the mobile revolution rolling through financial institutions. Banking smartphone applications have already been downloaded by several million Poles. For now, they are primarily used to handle the simplest activities related to your personal account, but who knows if our smartphone will soon allow you to finally forget about all visits to banks.
Retirement uncertainty increased
Unfortunately, in the past year our retirement uncertainty increased. From April 1 to August 31, we could decide whether we want all our contributions to go to ZUS (Social Insurance Institution) or to transfer part of them to OFE. Only 15% they chose OFE, but it is worth adding that our state favored public ZUS (to remain in OFE, you had to submit a declaration; you did not have to do anything to fall into ZUS embrace). Meanwhile, only 8 percent. adult and professionally active residents of our country also saves for old age. He allocates less than $ 230 a month for this purpose. Such a small number of people saving for old age is more a result of habits than of a lack of money. It is worth recalling that the state pension from ZUS will constitute only 30-40 percent. earnings from working time, of course, provided you have worked for several dozen years (paying insurance premiums).