Procter & Gamble earns 31% more in the first nine months of its fiscal year

Procter & Gamble earns 31% more in the first nine months of its fiscal year


The American manufacturer of household products and personal hygiene Procter & Gamble won 8,557 million in the first nine months of its fiscal year 2016, 31% more than in the same period last year.

The company obtained between July and March net profit per share of $ 3 compared to $ 2.26 per share for the same nine months of the fiscal year, when he won 6,515,000 dollars, as reported by EFE.

Revenues of the company, with brands like Oral-B, Pampers, Head & Shoulders and Gillette, stood at 49.197 million dollars, 9% less than 54,196,000 which earned between July and March the previous fiscal year.

As for the quarterly results, which more attention paid today to experts, Procter & Gamble won its third quarter 2750 million (97 cents), 28% more than the 2,153 million the same three months of last year .

Meanwhile, the company turnover fell by 7% between January and March, reaching 15.755 million dollars compared to 16.930 million entered in the third quarter of last fiscal year.

Procter & Gamble also announced that all of its fiscal year 2016 allocated more than 8,000 million to its share buyback program and allocated among its shareholders 7.000 million.

The multinational said it now expects to close the year with a net profit per share between 3% and 6% lower than the $ 3.76 title that obtained in the previous fiscal year, hit by the strong dollar.

The results of P & G, one of the thirty values ​​that are part of the Dow Jones index, did not convince the markets and their shares fell 1.29% on the New York Stock Exchange (NYSE), which have appreciated 1.18 % since the year began.

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Save your money: How to Establish an Emergency Savings Fund

Save your money: How to Establish an Emergency Savings Fund: How to Establish an Emergency Savings Fund An emergency fund is an important component of your financial picture. Learn how much you ...

Save your money: How to Establish an Emergency Savings Fund

Save your money: How to Establish an Emergency Savings Fund: How to Establish an Emergency Savings Fund An emergency fund is an important component of your financial picture. Learn how much you ...

Save your money: How to Establish an Emergency Savings Fund

Save your money: How to Establish an Emergency Savings Fund: How to Establish an Emergency Savings Fund An emergency fund is an important component of your financial picture. Learn how much you ...

Save your money: How to Establish an Emergency Savings Fund

Save your money: How to Establish an Emergency Savings Fund: How to Establish an Emergency Savings Fund An emergency fund is an important component of your financial picture. Learn how much you ...

How to Establish an Emergency Savings Fund

An emergency fund is an important component of your financial picture. Learn how much you need and how to get started.

Establishing an emergency savings fund now can have a big payoff later on. Setting aside emergency savings can help ensure you can get by in case of illness or urgent repairs to your car or home, as well as provide a safety net if you find yourself without a job. Here's how to figure out how much you need and how to get started.

Your emergency savings fund should be enough to cover your major expenses for 6 months to a year. Here are some important expenses to consider when determining how much to save:

• Housing expenses: Your emergency fund should include savings for housing expenses such as rent or mortgage, property tax, insurance and utilities. Protecting the value and integrity of your home is of utmost importance, so it's a good idea to also include savings for emergency home repairs.
• Food: Estimate your monthly food expenses and include those costs in your emergency fund savings. You can build this savings and reduce your food expenses by cutting back on dining out at restaurants, building your shopping list around sale items and using coupons from your local newspaper.
• Health care: Factor in the monthly cost for medical and dental insurance. In the event that you’re laid off, you may be eligible to stay on your former employer's health plan for up to 18 months at your own expense through the Consolidated Omnibus Budget Reconciliation Act (COBRA).
• Debt repayment: Your monthly payments for credit cards and other debt should be factored in to how much you save for an emergency fund in order to protect your credit score. Take steps now to get out of debt to avoid the stress of dealing with these expenses if you become unemployed or face a financial challenge.
• Transportation: If you have a vehicle, your emergency savings should cover necessary costs such as your car loan, insurance, basic maintenance, fuel and emergency repairs.
• Personal expenses: Costs related to household supplies, haircuts, clothes and toiletries may seem generally inexpensive but these expenses can add up. Remember to include these items, as well as life and disability insurance, when planning for how much you should save for an emergency fund.

Once you know what your emergency fund should cover, the next step is to set up a savings plan to build toward your savings goal. Decide on a specific monthly savings goal and then devote a percentage of every paycheck to savings. It's a good idea to pay yourself first by establishing automatic transfers into a designated savings account. Automatic savings can go a long way to ensuring strong and steady growth of your emergency fund.

Once you've committed to monthly savings, take some time to consider the options for where to put your emergency fund:

• Regular savings account: A regular savings account allows you to access your money whenever you want. A basic savings account is a good choice if you're just starting to save and want to be prepared for unexpected expenses.
• Certificate of Deposit: A certificate of deposit (CD) is a good choice if you want to earn a guaranteed rate of return for a set period of time (in other words, the term of the CD) and can plan for when you need to access your funds. Generally, you'll receive a higher interest rate if you buy a longer-term CD, however there may be a penalty fee if you need to withdraw your money before the end of the term. Another option is called a Risk Free CD®Footnote1. A Risk Free CD is a term CD that offers a fixed rate of return and enables you to access your money prior to the CD's maturity without paying a penalty.
• Money market account: Money market accounts are a good option if you want higher interest rates as your balance grows, while still maintaining easy access to your funds. These accounts tend to offer a better return than a regular savings account, but may require a higher minimum balance to avoid fees.

Whatever savings account or method you choose, make sure you can access your emergency savings fund when you need it so you're prepared for the unexpected.

8 simple ways to save money

8 simple ways to save money

Tips on saving and investing to pursue your financial goals

Sometimes the hardest thing about saving money is just getting started. It can be difficult to figure out simple ways to save money and how to use your savings to pursue your financial goals. This step-by-step guide can help you develop a realistic savings plan.

1. Record your expenses

The first step in saving money is to know how much you’re spending. For one month, keep a record of everything you spend. That means every coffee, every newspaper and every snack you purchase for the entire month. Once you have your data, organize these numbers by category—for example, gas, groceries, mortgage and so on—and get the total amount for each.

2. Make a budget

Now that you have a good idea of what you spend in a month, you can build a budget to plan your spending, limit over-spending and make sure that you put money away in an emergency savings fund. Remember to include expenses that happen regularly, but not every month, like car maintenance check-ups. Find more information on creating a budget.

3. Plan on saving money

Taking into consideration your monthly expenses and earnings, create a savings category within your budget and try to make it at least 10-15 percent of your net income. If your expenses won't let you save that much, it might be time to cut back. Look for non-essentials that you can spend less on—for example, entertainment and dining out—before thinking about saving money on essentials such as your vehicle or home. Learn more money-saving tips from Bank of America.

4. Set savings goals

Setting savings goals makes it much easier to get started. Begin by deciding how long it will take to reach each goal. Some short-term goals (which can usually take 1-3 years) include:

• Starting an emergency fund to cover 6 months to a year of living expenses (in case of job loss or other emergencies)
• Saving money for a vacation
• Saving to buy a new car
• Saving to pay taxes (if they are not already deducted by your employer)

Try the Bank of America savings goal calculator to see how long it will take for you to reach your saving goal.

Long-term savings goals are often several years or even decades away and can include:

• Saving for retirement
• Putting money away for your child's college education
• Saving for a down payment on a house or to remodel your current home

5. Decide on your priorities

Different people have different priorities when it comes to saving money, so it makes sense to decide which savings goals are most important to you. Part of this process is deciding how long you can wait to save up for a goal and how much you want to put away each month to help you reach it. As you do this for all your goals, order them by priority and set money aside accordingly in your monthly budget. Remember that setting priorities means making choices. If you want to focus on saving for retirement, some other goals might have to take a back seat while you make sure you're hitting your top targets.

15 tricks if you're wondering how to save in times of crisis.

15 tricks if you're wondering how to save in times of crisis. 

In times of crisis saving it becomes a major concern and when the need tightening, sharpens wit.

Anyway below are some tips that may inspire you to find savings strategies that best suit your lifestyle. save in crisis times

1.Realiza a weekly menu

This way you can program what you will eat during the week and do a weekly shop really tailored to the needs of that menu.

2.Planifica shopping and reflect before acquiring new assets.

With Wispping application you can plan your shopping, comparing prices and shopping, keep track of your expenses and evitarcomprar unnecessary things.

3.Espera to rebates

Purchases of clothes, shoes or electronics are usually the most expensive. In these cases it is advisable to try to wait to buy on sale, because they are usually areas where the discounts are really substantial. To do plan ahead what you really need to buy and learn decuándo start rebates, not getting caught up in the offers.

4.Utiliza electronic devices that consume little.

Use LED bulbs or light bulbs, get significant savings on your monthly electricity bill.

5.Evita the ghost consumption

That is, that we consumption goes unnoticed by leaving at rest certain electronic devices, such as TV or stereo with the pilotito on. The best solution, use power strips with switch for once can switch off several devices you're not using and avoid the ghost consumption.

6.Ahorra learning languages

Do you want to learn a new language? Study languages ​​with any of the various Smartphone applications that exist, Bussu, Babbel Duolingo, among many others. In addition to educational and fun you will mean a great savings.

7.Consulta travel search engine

If you are thinking of traveling and have availability of dates and / or destination uses some of the specialized search engines to get a cheap flight, comoLiligo, or Atrápalo Skyscanner to find the best deals on airline tickets.

8.Ahorra traveling with these tips

How to save when you go on vacation? A good alternative is to rent your home while you're away. In this topic, Airbnb is a specialist photographer specialist will be responsible for taking photos of your home and help you place your ad, with guaranteed support of the company before any unforeseen.

9.Intercambio home, traveling without spending on accommodation

Another option to save a little money when you travel is to exchange houses. It is very simple, there are several companies, as HomeForHome, you can register and see who is interested in offering their home on the same dates you want to travel, this way you can go home that person and leave yours. It's a free way to stay and see new places anywhere in the world.

10.Organiza your house economically

Select what you really need and get rid of unnecessary things. Furthermore, in the process of organizing your home insurance you discover a lot of things you did not remember you had and you can certainly reuse.

11.Tira microcredit for unexpected expenses

Often a fault in an appliance, the statement of income out to pay us, or any unexpected expense we come, we pose a problem. But we can always go to microcredit to request up to 300 € in just 15 minutes. A solution that can help us a lot to make ends meet if you know the difference between profit and loans and credit.

12.Asegura not have dangerous unexpected expenses

Secure your home and avoid unexpected for possible contingencies that could happen in the home expenses.

13.Viaja to work with co-workers

Car sharing with your coworkers. If you travel frequently and have published your trip seats on one of the pages for carpools to divide among all vehicle occupants expenses. On the contrary, you can also be you who makes use of these applications to search for car sharing. It's a great idea savings for both long trips and for trips in town.

14.Pasa gyms, get fit at home

Summer is coming and, besides saving, really want to get fit. You can independently perform various activities to keep fit without having to spend the monthly allowance of the gym, such as swimming, yoga at home or a game of volleyball with friends.

15.Ahorra in reading thanks to an ebook

If you like reading, invest in an ebook for future savings. The publishing market is increasingly expensive, but do not have to deprive yourself of the pleasure of reading an ebook because you can buy books in electronic form for three times the price on paper.