Sunny Side Up | January 28
It's "Sunny Side Up" time! We're revisiting your favorite articles and pulling out the funniest, craziest, and most unexpected bits.
Welcome, readers, to the "Sunny Side Up" edition. This week, we will explore articles about personal finance in the Czech Republic, offering insights and guidance on three key areas: accessing credit cards, maximizing their benefits, and managing business finances effectively.
1. How to get a credit card in the Czech Republic?
Banks are the largest providers of credit cards in the Czech Republic. However, getting a credit card from them can be quite difficult, especially if you cannot prove a sufficient regular income (usually average salary or higher) or if you don't have a good credit history. If you struggle with getting your first credit card from the bank, you can get "nebankovní kreditní karta" or a so-called non-bank credit card. Read more in the article below and discover if you can get a credit card.
Bank Credit Cards and Non-Bank Credit Cards
2. How to leverage a credit card?
Leverage is the exact benefit of a credit system. After all, why would financial institutions and governments support a credit system if they did not benefit. Financial institutions profit off of interest rates, late payments, and other related fees. Governments benefit from tax revenue. Here´s your guide how to borrow $1 that is not your money and make a profit of $2. Then, payback the $1 you borrowed, and keep the other dollar. You spent none of your money, and yet made money.
Learn to Leverage a Credit Card
3. How to manage your business money?
Tracking your income and expenses is important for effective financial management. Whether your goal is to save money, increase profits, or improve your financial situation, keeping a close eye on your finances is key. In a world where money matters can be uncertain, tracking income and expenses isn't just a choice; it is necessary to maintain financial health. Here are three tips to help you stay on top of your finances.
