Saving rhymes with economizing, and we're here to help!

There has been a lot of information in the media lately about the widespread rise in prices due to inflation, the energy crisis, and increasing interest rates.

As optimists and practical thinkers that we are, we wanted to present some suggestions that will help you reduce your monthly expenses, whether it’s on mortgage payments, insurance, telecommunications, energy, gas, food, or leisure costs

 Step 1: Make a detailed list of your monthly expenses, including everything in detail, even the little coffee you drink before heading to work.

 List done! Now, analyze the extras you can reduce, such as the coffee you have every day at the café – try making it at home. The lunch you have daily at your favorite restaurant, perhaps change it to once a week, and so on.

 Step 3: For fixed monthly expenses like energy, gas, and telecommunications, reach out to the current providers in the market and explore other available solutions. And believe me, there are plenty of options!

 Step 4: Life insurance – review the offers available in the market, because we can guarantee you’ll find significant savings.

 Step 5: Your monthly mortgage payment, the most discussed topic lately. First, you should know your spread, whether you have a mixed, fixed, or variable rate, and then consult your bank. If you’re not satisfied with the terms offered by your bank, you can always request to transfer your mortgage to another bank, though there may be some fees involved.

Final suggestion for those renting a home: check if you have the capacity to buy a house, and see if the mortgage payment you’d make to the bank is lower than what you’re currently paying in rent. You might be surprised.

We're ready to assist you in reviewing your case!

If you are considering using a credit intermediary or want to explore the best conditions for your mortgage loan, schedule a meeting with our team now, https://dsicreditoloures.pt/en/contactos/