An opportunity to introduce you to our new effort rate simulator

As you know, one of our goals is to promote financial knowledge within our community that enables them to confidently manage their personal finances. We believe that empowering employees with information and top financial literacy tools is crucial for their financial well-being, which is why we want to tell you first-hand that we have launched our effort rate simulator!

Our effort rate simulator is intuitive and straightforward – you only need to input your income and expenses for the calculator to do the math for you.

Understanding this rate is another step towards a healthy financial situation, as it translates into the disposable income available to cover daily expenses, such as food, gas and electricity bills, transport, etc., after paying the mandatory monthly instalments, if any, such as mortgage and credit card payments.

?? Coverflex discount of the month: Iberostar

This month we're highlighting Iberostar's discount! This summer, enjoy discounts of up to 15% when booking your hotel room at Iberostar hotels and resorts. ?? Follow the steps in the app ?? to enjoy this discount!

Effort rate: what is it and how to determine it?

The effort rate is an economic and financial metric that indicates the relationship between monthly financial costs and a household's net monthly income. You can find out how to calculate the effort rate in this blog post.

What is the recommended effort rate in Portugal?

It is recommended that a household's effort rate allows it to comfortably meet its financial burdens, while still having the capacity to build up possible savings, cope with unforeseen events, and experience some financial relief.?We explore the topics in this article, as well as a case study and some saving tips.

Personal income tax (IRS) in Portugal: what to do in case the Tax Authority (AT) makes a mistake?

The deadline for submitting your tax return in Portugal has ended. Did you fill in the declaration wrong? Or, once you've done the math, did you realise that the AT made a mistake? According to the General Tax Law, there are some measures you can take. You can read more about it here.

CoverQuiz ??

Is there a limit to the number of loans I can have?

a) Yes, you can't have more than five loans at the same time.

b) No, there is no limit to the number of loans you can have.

?? Leave your answers in the comment section below! ??