Economy

How to plan the down payment for the purchase of a home in 2023 |  housing |  my finances

How to plan the down payment for the purchase of a home in 2023 | housing | my finances

One of the most frequent resolutions among Colombians each beginning of the year has to do with the purchase of a home. (Alternatives to pay the down payment of a house). The first big step to achieving this goal is collecting the down payment, which can also become the first big hurdle if you don't have a plan that will allow you to carry out this plan.Usually, the only resources that people believe they have for a down payment on a home are their severance pay and, of course, their savings, which can be in CDT or in a 12-month…
Read More
Soat: the most common accidents and what this insurance covers |  my finances

Soat: the most common accidents and what this insurance covers | my finances

In order to damage enough to the high evasion and fraud in the Compulsory Traffic Accident Insurance (Soat), the Government prepares a thorough surgery to attack this scourge, which guarantees the sustainability of this model. (The changes that the Soat will have in 2023 to correct its gaps). After the 50% discount of this policy for some vehicles enters into force, the authorities will analyze how to make this model more viable and guarantee coverage and also its financing. According to official calculations, insurers, of every 100 pesos they receive, extend 52% every two months to the Directorate to support…
Read More
Pensions: Jaime Dussán, president of Colpensiones, talks about how pension savings will be used |  jubilation |  my finances

Pensions: Jaime Dussán, president of Colpensiones, talks about how pension savings will be used | jubilation | my finances

Jaime Dussán, current president of Colpensiones, explained, this Saturday, December 24, the objective that the National Government has with the pension system Colombia and what would be done with the resources they have from savings. (See: What Petro thinks about raising the pension age in Colombia).The first thing I make clear is that The pension reform will take place in 2023 and would be focused on consolidating a single system for the country.He also said that they will look for a transition regime so that more people are listed in Colpensiones.Faced with the latter, he commented that they are devising…
Read More
Vacation days: how many can be accumulated and how are they paid |  my finances

Vacation days: how many can be accumulated and how are they paid | my finances

Labor vacations are a right guaranteed by the Colombian Constitution and the Substantive Labor Code. The regulations establish that employees must enjoy, annually, 15 days of paid vacation. (Read: These are some rates and values ​​that would no longer go up with the minimum). Likewise, the worker can accumulate a part of this rest period if he reaches a prior agreement with the worker. Now, youKeep in mind that vacation accrual is only possible for two years. For workers who decide to accumulate three or more vacation periods, they run the risk of their prescription. In accordance with article 488…
Read More