Zero cost changes can help your financial journey become better

Living a healthy financial life does not always mean spending as little money that it brings the joy out of life but bringing enjoyment in ways to spend or save money. Of course, investing in good furniture rather than the cheap table that the paint chips is a much better choice. But there are also plenty of other ways to upgrade your life by changing things out for no extra costs.

Using your existing memberships to access free and complementary goods.

Did you look closely at the membership you paid for? Chances you did not. Many of our memberships give us access to free shows or movies like Amazon Prime or free access to airport lounges. There is a lot of value we are paying into our memberships already. Like magazines or books, they can be expensive to subscribe to each month or purchase individually. At the library, they already hold many of these subscriptions and publications which we can check out for no costs. For instance, some libraries provided a handful of museum memberships the public can check out …

Read More

Dublin Rent prices on office apartments have fallen since the beginning of the pandemic

In the past year, we’ve seen the Dublin office market prices in rent fall to the lowest they’ve been since 2016. The COVID pandemic has caused the economy to slow to a standstill, and with that, the majority of such companies are postponing their long term executive decisions due to the uncertainty the pandemic has brought about. Office rents have fallen from the high of €65 per square foot down to €59 near the end of 2020.

Even so, there have been signs of economic recovery near the end of the last quarter of 2020. This is expected to grow and continue as the vaccinations for the virus begin to become publicly accessible to the general public. The vacancy rate in the Dublin offices ended at around 9.5% due to reduced demand and office hours during the pandemic. This grey space comes into the market and accounts for nearly 25% of the available office space in the capital. These spaces are continuing to compete with traditional landlords as they offer more flexible terms of lend to their customers. There have …

Read More

Is Dublin the newest popular city for firms to move to?

From recent research by British Newspaper, The Observer, it has been stated that Dublin is the most popular destination for financial companies moving businesses out of London in the past year. Many of these companies specialize in financial services and it has been found that a total of 34 companies have found to have jobs shifting into the capital city. In 2016, the EU passed a referendum which has caused firms located previously in the city to start leasing space in other cities such as Amsterdam, Paris, Luxembourg, and Dublin. This is to ensure that they are still able to keep maintaining business with their EU clients.

Credit Unions are also planning on launching a new credit card within the next month. The Irish League of Credit Unions has been testing this new card in Ballinasloe in preparation for launching the card with another 14 credit unions across Ireland within the first half of 2021. This card removes the credit union member’s dependency on cash and will give them another option in payments or doing their banking services with …

Read More

Ways to build a healthy relationship with saving money

When it comes down to money there are many belief systems out there. From one side, there are people who absolutely refuse to save money even if they have room in their income to do so. While on the other side, there are absolutely obsessed with saving money. They insist there to be no indulgences, coupon clipping every day, no mistakes, and sadly no joy. In the perfect world, we fall in the middle practising both sides so we can balance and enjoy our daily lives while seriously saving for things to come.  Here you will learn how to master balancing the interests of present you and future you.

Most importantly and fundamentally, you need to believe both saving and spending are important. Without seeing the value in both it is very hard to find your perfect balance. For example, if you believe saving is the adult thing to do, chances are you will not put much effort to save money or even start saving money. Same for spending, if you believe spending money on anything is a sin, you …

Read More

Daily Habits that separate you from the most successful individuals

No matter what financial place you are, our goal is to improve your understanding of money. You do not need to be wealthy to do the same things but understanding how money impacts our lives is important to avoid a financial crisis. Wealth is not just money that you have but how you think and feel.  It is not just about perception but there are many practices they have adapted to sustain their wealth. Do not feel discouraged, even those on a serious budget can follow these habits.

 

 Do not wait for permission. 

They feel deserved to go for the things they want. They do not wait for someone to agree with their idea and give them the green light. You can follow this even without having money. This applies to many aspects of our life. Instead of waiting for your boss or managers to give you a raise or a promotion, taking the initiative by demonstrating you have the responsibility to do so and take on the tasks that are for the position. Without taking the initiative, people …

Read More

What does Ireland truly stand economically compared to other European powers? (pt. 2)

Much of what the general public and media base their assumptions on a country’s current standings goes with the profits being reported by foreign multinational corporations that reside in that country. These multinational corporations (MNC’s) have tended to flatter Irish’s GDP growth. Since most of these profits are beneficial to foreign parents instead of the Ireland economy, they do not affect international measurements such as GNI. But in recent years, actions taken by these firms have seen effect to not only GNI but GDP as well.

The differences are now that the large capital assets owned by these MNCs are now operating in Ireland. And these Intellectual property assets are often owned by information technology companies. This asset from abroad contribute to GDP not because of the act of acquisition itself, but once these assets are acquired. The deprecation of the asset and land in Ireland affect the statistics. The deprecation of these assets must be included in the GDP and GNI, as that is what the “G” stands for.

In 2015, many of these large MNCs decided to move …

Read More

What does Ireland truly stand economically compared to other European powers? (pt. 1)

Ireland may not seem to one of the most powerful countries in Europe, but there are also many misleading statistics that surround the State. This leads to a misconception of what the residents of the country truly experience and how life in Ireland plays out. Statistics such as per capita GDP, the Human Development Index, and GDP per head are skewed because of international relations within Ireland. Many times people look at one of the previously mentioned statistics and assume everything about a country on that one number. But you cannot presume that off of one indicator. Multiple accounts and indicators will have to be taken into account when determining the overall status and standing of a country.

Looking at Ireland, many individuals are inclined to believe that the numbers do not show the country as prosperous, but if the small city-state of Luxembourg was taken out of the GDP, Ireland would have the highest GDP per head in all of Europe. When looking at the composite representation of a country, GDP and GNI may not be enough to have …

Read More

The nasty cycle of high-interest rate loans

Many of us had started from the bottom, working day and nights, and depending on government assistance to pull them through. Many individuals and families are stuck in a vicious cycle unable to break free of their chains. If you are stuck in this situation right now, it is crucial to learn the mistakes other low-income individuals have made and try to avoid them. Not only avoid them but to also improve your money mistakes.

You may be wondering what is causing these people to be stuck in the low-income bracket? The main culprit is your community Payday Loans centres and pawnbrokers. Although there may not be many payday loans in Ireland, they have grown to have a bad reputation in the UK already.

Debt never sounds good, but there are the good and bad. Of course, if an individual is investing in a new restaurant or new company there will start off with debt. With time they can potentially pay it off and earn more from the situation.  But in this case, hearing high interest is one of the …

Read More

What does Quarantine’s End Mean for Property Prices?

Dublin property agents predict that local property prices can see as large as a 5% increase as the lockdown regulations are lifted in the upcoming months. Many agencies have reported a large influx of registered potential buyers, some firms even registering nearly tripe the number as the same period in past years. This rush of buyers is largely due to the pandemic putting stops to many families’ plans of setting and signing mortgages. For others, it may be the desire to invest in a discounted property before prices skyrocket. Regardless, the sudden increase in demand for properties is sure to cause discrepancies within the real estate market.

Several factors driving demand include the strength of new mortgage approvals in the last quarter of 2020, and the growing availability and willingness of mortgage-lending rule exemptions of banks to offer to potential borrowers in 2021. There has also been a large group of potential buyers who have recently obtained loan approvals and are potential targets for these mortgage-lending rule exemptions in the past 6 months.

As for the number of properties in …

Read More

Quarantine Leading to a Rise in Property Prices

As the COVID quarantine still impacts our daily lives by forcing people to work from home and limit public interaction, the predicted property prices in Ireland are said to skyrocket as much as 6% this upcoming year. In the newly released annual review today by The Society of Chartered Surveyors Ireland (SCSI), out of their three agents, two of them predicted an increase in property rates in 2021.

While that 6% is said to be an average across Ireland, different areas are predicted to have slightly varying inflated rates. For example, Dublin, as the area with the highest current prices, is predicted to see an average increase of 3% in property prices. But for other areas such as Leinster and Munster, are predicted to have price increases of 4% and 5 % respectively. Some areas are predicted to see price increase reflecting this past year within the range of 1-3%, yet other areas are predicted to experience price increases that could even reach 8%.

According to SCSI’s vice president; TJ Cronin, many of these seen increases in prices are said …

Read More