23.Sep

Private economy and saving tips

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Economic conditions are one of many elements and parts of a culture that one must consider when establishing a life in a new country. At this event you will be given numerous tips and advice on regional and national conditions and trends that can impact your finances.

We are pleased to welcome Kyrre Martinius Knudsen, Chief Economist at SpareBank 1 Sør-Norge, for an insightful evening where he will discuss business cycles and trends that impact both the national and international economy—and how they may influence your personal finances.

Topics for this evening: 

• Business cycles and trends that affect nationally and internationally
• Currency risk
• Personal savings plan: the short and long picture
• Housing: Own or rent? Factors you should consider before investing
• Which web pages and useful links should I follow for the best updates
• Create a budget adapted to your own needs.

The largest expenses in people's finances are housing, transport and daily goods. Every day you are faced with choices that can have major consequences.

So, how do we know what the right discision is between owning or renting? Short or long contracts? Energy consumption? How to build up a financial goal setting and adapt habits to the desired savings plan based on Norwegian culture? In many countries it is cheap to buy services, while in Norway there is a regulated working life where everyone must have a decent salary. Therefore, services cost more. As an example:it is in the culture that you put in a greater amount of your own effort to run your home.

For inspiration and as a basis for discussing personal finances, feel free to look into useful links: Finans Norge (English text), Your economy - Smart money (Calculator), magazines and newspapers with a particular focus on finance: Finansavisen, Dagens Næringsliv and Kapital.

For inquiries, reach out to Randi Mannsåker

This event is for our members so please ensure you register using company details, either by providing a company email address or including company information/connection if using a private email. Failure to include your company connection during registration might unfortunately result in the cancellation of your participation. For those of you wanting to attend our events without company membership, it is possible to buy a personal membership.  We look forward to welcoming you!

Program

18:00 Registration and coffee.

18:15 Welcome, by Stavanger Chamber of Commerce.

18:20 Business cycles and trends that affect nationally and internationally, by Kyrre Martinius Knudsen, Chief Economist SpareBank 1 Sør-Norge

19:00 Break

19:10 Private economy - best practice dialog, Kyrre Martinius Knudsen, Chief Economist SpareBank 1 Sør-Norge

19:40 Summary and Q&A.

20:00 Closing.

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