Managing money can become a complicated task, but we give you some tips on how to manage your personal finances.
And it is that money can go as easy as opening and closing our eyes, we know how to spend it, maybe we learn that automatically, the problem comes when you have to make it yield.
Do not spend more than you earn
First of all, and this is very common, we must subject ourselves to those who win, although it seems illogical and far-fetched, we always spend more than we earn. Generally impulsive purchases are those that take us out of balance, end our budget and end up leaving us excessive expenses, and in most cases unnecessary or superfluous. To be able to adjust to what you earn you must be disciplined and have self-control before the thousands of bombings we receive to buy, even if we do not need it.
For example, when you go to the supermarket make a list of what you need, for this you must first check your cupboard, it will help you not repeat products that you already have, and therefore spend more.
Pay your debts as soon as possible
Requesting financing is not bad or good, it depends on the use you give it, it is best to be fulfilled and in case your possibilities allow it, even pay more so that you can settle your credit as soon as possible. Having an impeccable credit history will be a great ally when applying for loans greater than those already received, so take care of it.
Do not leave everything to your mental power, debts must be included in your budget, this will help you keep it in mind and then to deduct from it the debt with which you are committed.
Your payment to yourself. If your way of saving for years is to save what you have left over after subtracting expenses from your income, I am afraid to tell you that most of the time it will not help you, therefore you will not save. You must reverse your formula how? Place savings as your main expense, little by little you will realize that what you must adjust will be the other expenses, but you will not be sacrificing it constantly. Saving should become a habit, and it will help you fulfill your goals and goals.
Generate an emergency fund
No, it is not the same as saving, the substantial difference is that while saving has a name and surname, this item will help you to face unforeseen events, so you will not have to sacrifice your dreams every time you get sick, for example . According to the specialists you must have at least six months of salary saved to face some situation that could put at risk the stability of your personal finances.
Put your money to work
Once you have made saving a habit, you can move on to the next level, that is, the investment. The substantial difference between saving and investment is that the first is only accumulation of resources, the second will allow you to grow.
You must educate yourself in financial investments, since there are many instruments and to know in which one you should invest you must know their rules and risks, remember that there is no investment with zero risk, they all have it to some extent.