I want it all
One of the first songs we worked when I was a kid and took me to an academy to learn English, which was the most well-known hymn "I want it all" (Aiguaniral) from Queen, the legendary British group led by the late Freddy Mercury (not Freddy Mae, also deceased). The teacher, a typical pipe including English, told us that the chorus (I want it all and I want it now), referring to the attitude of today's youth (then), that "I want everything that I want Now. " We are talking about a word that in his time (almost 20 years ago) were recorded and that over the years have been taking effect.
In today's society, marketing and the social need of belonging to the herd, we are "forced" to follow this maxim of wanting to have everything and want to have it now, and this, subjective considerations aside, it has a cost, of which we can not escape . When older people tell us they saved before you buy what they wanted or needed, we seem alien, and therefore can be seen in shopping malls, we ignore its recommendations.
Let's analyze this cost component.
The component "I want it all" refers to the price (not value) of the goods we want, plasma, the movable bar with xenon lights, the A4 Wagon (also with xenon lights), etc ... It is part the problem of over-consumption in which we live, but it is not the critical point, because if comprásemos paying debts (with cash in our pockets), would enhance the consumption and production, but then we are not going to the trouble arrival of the crisis.
The component "I want it now" is the most problematic, because we live in a system which penalizes savings for consumption on credit. Financial institutions themselves do not offer attractive savings products, at least until last year that have needed money like water to drink and have espabilado.
Let's do some calculations to put "face-saving or spending that accounts for us" I want it now ". Take for example the purchase of a vehicle priced around € 30,000.
We can ask for a loan to the concessionaire's financial and pay 8% in 4 years (operation amortization of capital), or conversely, start saving now, put a fixed amount each month into a high pay or deposit ( operation of capital). We count the cars go up in price as the CPI, so that the second option will need more money for the car of the future. The numbers are as follows
A credit:
Amount to finance: 30,000
TAE: 8%
Fee: € 732.39 / month
Contributions: 48
Interest paid: € 5154.61 (ALARM APPLES AND PEARS)
Total paid: 35154.61 € (ALARM APPLES AND PEARS)
With savings:
Saving monthly fee: 640 €
APR: 4.50%
Contributions 48
Capital contributed: 30720.00 € (ALARM APPLES AND PEARS)
Interest income: € 2872.52 (ALARM APPLES AND PEARS)
Money saved: 33592.52 € (ALARM APPLES AND PEARS)
Now might be demagogue and say that in a way we have paid € 5154.61 interests and the other we have gained € 2872.52 so the difference is somewhat more than 8.000 €, which is € 30,000 on something more than a 25 %, But since the other day we were practicing the theme of assimilation into Income Financial, we observe that the savings produced is equivalent to an income of 48 payments of 92.39 € (732,39-640) that as of today has a value of 2133.34 (3.50% upgraded to the expected price of money), which is € 30,000 on an approximately 7.1%.
As you can see, the finances are a bit disappointing, because so many numbers to only € 2,000, but we have to look at is that in taking the decision to save or finance a spending just generate a present value of € 2133. Despite this expenditure (which corresponds to the value of the bank's profit margin on the discount rate used to calculate the present value), is relatively cheap to buy on credit, and therefore it is logical that in making decisions, in a context that does not criminalize the debt, purchases are made on credit.
As a final conclusion, we note that the money is cheap, and those who serve us (banks and the ECB) are as responsible as ourselves that "I want it now" is our daily bread. If we repeat the calculations with interest at 15% and pay 12% of accounts on the numbers changed much since the difference is almost € 200 monthly, not insignificant amount.
A few days ago, speaking with a solvent employer of impeccable career and clear ideas, I commented that the cheap money in recent years is a cause of the impoverishment of the middle class by the low pressure that have made the unions before the loss purchasing power, as we have slowly changed the salary for the credit, keeping the "apparent consumption capacity."
Therefore, it is now quite logical who preferred to buy on credit to save money because the tycoons and what we "impose" disincentives absolutely planning, savings and budgetary control, becoming "semi-slaves" of credit, working to pay what we have already consumed. When you do not owe anything to anyone can plantarte, leaving the system and go to the mountain goat rearing, but when what they should eat last month is very complicated exit the system. Consuming 20% less every month, would need five months to salirte of "VISA", and in five months, the purposes may fall easily (with a little help from the marketing), but look far during the aims of Eve.
And in conclusion, the usual summary of the press:
- Has passed the worst? The elections and unemployment in the U.S. marked a decisive week
- Commerzbank joined the rescue fund from the German Government
- The banks are launched to the purchase of properties to avoid further delay
- The sluggishness of the municipalities is fired: it takes more than eight months to pay its suppliers
- Spain to drift by your fault and mine
- Aid to the Bank will only be secret in the early months
- The diesel must still down by 9% to reflect the drop in oil
- Ten tips for bad times
- The crisis is the explanation thereof that have created
(Unrated) 
Loading ... Written by Oriolrc on November 3, 2008 with 220 points.
(4.69 sobre 5) 
# 1, Jose
Nothing like Bohemian Rhapsody from Queen ... jeje
If you are a bit disappointing that our finances, and worse every day.
Anyway, I leave with you an article to see the slowness of some banks and funds. Some sexes go with the water around his neck: Late payments of banks and boxes
S2 and good day