Expensive loans and high overheads are something that have become a reality for thousands of Swedes recently.
On Wednesday, May 8, the Riksbank will present the new interest rate statement, something many now hope will contribute to an easier pressure on the wallet going forward.
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In an interview with News24 says Frida Brattsavings economist at Nordnet Bank, that regardless of the Riksbank’s announcement, it will be easier for many households in the future.
– It gets a little easier. Regardless of what the announcement is, there are undeniably interest rate cuts ahead of us, so we can sense the light at the end of the tunnel, she says and adds:
– But of course it is still very important to keep track of your loans, especially if you have expensive consumer loans. These should be prioritized to amortize down above other things. Sometimes it is good to combine loans to get a better interest rate, sometimes not. But check what options you have, she says.
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According to Nordnet Bank’s savings economist Frida Bratt, it will be easier in the future. Photo: Press image Nordnet Bank “I think the Riksbank will lower the interest rate”
Although it has been a challenging time for many in recent months, Bratt now predicts a reduction in the interest rate. This is because inflation can now be considered under control.
However, there are risks associated even with a reduction, she believes.
– I think the Riksbank will lower the interest rate. Inflation is under control and we now see clear signs that the Swedish economy is slowing down. Admittedly, you risk an even weaker krona if you lower before the other central banks, but I believe that risk Erik Thedéen is ready to take. Especially as it is actually even starting to be said that inflation may now be too low, i.e. fall below the target. The Riksbank wants it to be stable at around two percent.
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Erik Thedéen is the head of the Riksbank. Photo: Claudio Bresciani/TTE The economist’s four tips – so you’ll have enough money
Regardless of what the message ends up being, Frida Bratt has several concrete tips you should take with you to get the money to last the whole month.
1. Get a handle on expenses
– So that you know if you have the opportunity to participate in something.
2. Get help
– Use the apps and tools that are available to sort your expenses, maybe you will find an expense item that can be reduced, says Frida Bratt.
3. Shop on sale
– Make large meals, eat food according to the season are classic tips. Then it is also necessary to address the fixed costs, because these are the largest expenditure items.
4. Compare contracts
– Compare electricity contracts, reduce the number of subscriptions and negotiate the mortgage interest rate, she tells Nyheter24.
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