BJÖRN
BERG.

Payment plans can seem convenient when phones, computers and household appliances are split into small monthly payments. This article explains why many payment plans are really consumer loans, how APR and fees can make them expensive, and why they can put pressure on household finances.

Indexed savings accounts are meant to help money keep its value, but capital income tax in Iceland is charged on the nominal return. This article explains how tax on indexation can reduce the real return on savings, especially for people saving for a first home.

Serious setbacks such as illness, divorce, job loss or trauma can make it hard to keep personal finances on track. This article explains why shame and comparison can make recovery harder, and how small first steps, breathing room, an emergency fund and debt repayment can help rebuild financial security.

Buying and running a car can seriously delay young people’s ability to save for a home. This article uses a simple example to show how avoiding car ownership, using public transport and saving the difference can bring a first-home down payment much closer.

Starting pension payments early can sound tempting, but the decision depends on your pension rights, tax position, disability cover, private pension savings and possible payments from TR. This article explains what to consider before drawing your pension early in Iceland.

Planning to buy a home in Iceland? This article explains what first-time buyers should consider when saving for a down payment, including mortgage rules, savings options, pension savings and house price growth.