Investments and Business

If you have a credit card, it is best to keep it locked up and not use it, at least for the next few months. Why? Interests are through the roof and borrowing money could be much more expensive than it was in 2022.Since inflation has been rising month by month for almost two years -closed 2022 at 13.12 percent-, the Bank of the Republic has also been increasing its interest rates and between September 2021 and December 2022 they went from 1.75 to 12 percent.(Also read: CDT: What is it and how good is it as a savings option…

If one of the purposes for 2023 is have own houseThe announcement made by the Minister of Housing, Catalina Velasco, helped make this dream of thousands of families in the country a reality.The 'Mi Casa Ya' program, which was created in 2015 to benefit households that have income less than four monthly salaries (4,640,000 pesos), will be lost during the government of President Gustavo Petro, but will have several changes.(Also read: Are you looking for housing? This is the outlook for 2023 in Medellín and its surroundings) "The Mi Casa Ya program will continueIt is a robust program that has…

With inflation of 13.12 percent at the end of 2022 -the highest in the last 23 years- not everything is bad. You can also take advantage of this situation by making investments with some extra money that you can obtain.This is thanks to the fact that the Banco de la República also begins to increase your interest rates to the extent that inflation begins to rise in the country, in order to discourage family consumption.(Also read: Colombia closed 2022 with the third highest explosion in Latin America) "That would cause the economy to slow down and inflation would also start…

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