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Guides with examples in guaraníes, BCP data with source and date, and a calculator for every topic. Start with what hurts the most: debt and installments.
Loans8 minHow much does a loan really cost in Paraguay? How to calculate the total cost and the effective rateLearn how to calculate how much extra you pay on a loan in guaraníes, what the effective annual rate is, and how to compare it with the maximum the BCP sets every month.ReadCredit cards7 minInterest-free installments: are they really free? How to compare them with paying cash12 interest-free installments aren't always free. Learn to calculate the hidden interest when there's a discount for paying cash, with examples in guaraníes.ReadBudget7 minThe 50/30/20 rule with your pay in guaraníes: tables for ₲3, ₲5 and ₲8 millionHow to split your pay with the 50/30/20 rule: tables in guaraníes for ₲3, 5 and 8 million, how much to put toward housing, and what to do if 50% isn't enough.ReadCredit cards6 min50% cashback on your card: how to calculate what you really saveThey offer you 50% cashback, but there's a cap. Calculate the real discount, the maximum spending that makes sense, and when the card's interest eats the benefit.ReadSavings7 minSaving or investing: what's the difference and where to start in ParaguaySaving isn't the same as investing. Compare demand savings and CDAs with BCP data, the effect of inflation, and the order in which to start with your money.Read
Credit cards7 minCredit card minimum payment: how it works and why it costs youHow the credit card minimum payment works in Paraguay, how much it costs to stay financed at 19.62% a year, and a table comparing 3 ways to pay off a ₲5,000,000 balance.ReadDebt7 minDebt avalanche vs. snowball: which method gets you out of debt fasterWe compare the two most common methods for paying off several debts at once: avalanche (by rate) and snowball (by amount). Example with 3 debts and a table of interest saved.ReadSavings6 minEmergency fund: how much to save and where to keep it in ParaguayHow much your emergency fund needs, how to build it gradually, and where to keep it in Paraguay (savings account or CDA) so it's available when you need it.ReadSavings6 minCDA in Paraguay: what it is, how it works and how much it yieldsWhat a CDA (time deposit) is in Paraguay, how it differs from a savings account, how much it yields on average according to the BCP, and what guarantees cover your money.ReadLoans7 minNominal rate, effective rate and total cost: how to read a loan's fine printThe difference between nominal rate, annual effective rate and total financial cost (CFT). Why two loans with the same rate can cost you differently, with an example in guaraníes.ReadLoans7 minBank, finance company or credit union loan: what's best in ParaguayDifferences between getting a personal loan from a bank, a finance company and a credit union in Paraguay: rates, requirements, speed and guarantees, with a comparison table.ReadCredit cards6 minClosing date and due date: how to use your card without paying interestWhat a credit card's closing date and due date are, how to use them to get free financing for a few days, and why buying right after the closing date works in your favor.ReadDebt6 minListed on Informconf: what it means and how to get off itWhat Informconf is in Paraguay, why someone ends up listed for a late payment, how to check your status, and the real steps to get off the list by paying the debt.ReadSavings6 min7-day challenge: how to find your small daily expensesA one-week challenge to track and spot the small, everyday expenses that add up to much more than you think by the end of the month.ReadBasic investing6 minInflation: why your money is worth less each yearWhat inflation is, how it's measured in Paraguay, and why leaving your money idle in cash or in an account that doesn't yield anything makes you lose purchasing power over time.ReadBudget7 minHow to build your monthly budget in Excel, step by stepA step-by-step guide to building your monthly budget in Excel: which columns to use, how to classify expenses, and how to review it each month, with FinanciaMente's free spreadsheet.ReadStudents6 minFirst paycheck: what to do with it, for students and young earnersA guide for students and young earners about to get their first paycheck in Paraguay: how to split it, common mistakes, and how to build your first savings habit.ReadBasic investing6 minSimple vs. compound interest: the difference that adds upWhat's the difference between simple and compound interest, how each one is calculated, and why compound interest makes a big difference over time, with an example in guaraníes.ReadBasic investing6 minDiversify your money: why not keep it all in one placeWhat diversifying means in personal finance, why it's worth not keeping all your money in a single bank or product, and how to start with small amounts in Paraguay.ReadBudget6 minBudgeting with variable income: how to build one with gig work or commissionsHow to build a budget if you earn commissions, do gig work, or are self-employed with income that changes every month, using a simple method based on the average or your lowest month.ReadDebt6 minRefinancing a debt: when it makes sense and when it doesn'tWhat refinancing a debt means, when swapping an expensive debt for a cheaper one really pays off, and the questions to ask before signing anything.ReadStudentsSimple and compound interest, NPV and IRRFormulas explained and worked exercises, step by step.Read
ParaguayInflation, BCP rate and accounts in ParaguayThe data, with source and date.Read
MexicoWhere your money earns more in MexicoThe guide to accounts and rates for readers in Mexico. (In Spanish.)Read