Probably, many times you have difficulty reaching certain financial goals or staying afloat at the end of the fortnight. No, not only that! Sometimes, you even end up without a peso and, even worse, in debt.
These kinds of situations, which make your economy falter, happen without you even noticing and by the time you are aware of it you are already up to your neck.
Because it happens? You see … this is because many times you do not know how to manage your personal finances. Do not panic! It’s just a matter of putting the batteries and starts taking control, so your economy is not so scraped.
Having a healthy pocket can help you in times of crisis or achieve a goal, we give you 6 tips to learn how to manage your finances.
1.-Leave bad habits
The first thing you should know to take control of your finances is that you probably have bad financial habits; that is, those bad practices with your expenses that instead of making you win, they leave you the same as always.
To start taking control of your personal finances, you must first identify those bad habits that you have and that, without realizing it, affect you financially. Some of them are:
- Do not save: I know! How not to enjoy the money that costs you so much to win? It is not about you depriving yourself of everything, rather, about controlling your expenses a little and allocating a percentage of your salary to savings.
Something that usually happens with this bad practice is that you postpone because it seems more appropriate to buy that beautiful cell phone right now and save the next fortnight until you realize that you fell into a vicious circle.
- Use very large credits: It is another reason why you can drown your personal finances. This happens when you get carried away by emotion without taking into account your ability to pay.
Before you winnow to ask for a credit, better take into account how much you are willing to pay off debts before acquiring one, but above all, what is your ability to pay.
This will help you not to get carried away by the stomach. In the end, your pocket will thank you. You will see!
- Do not invest: Making money grow by investing a little of your income is something that you are not used to practicing because you do not know what, or how. However, investing some of your money can be very beneficial.
A great way to invest may be to pay for some training or learn a new language.
Think that in this way, instead of just letting the money go away, you can have rewards, how to: get a better position or a better job.
- Not having a budget: This can even affect the family economy. And it is that when we buy more than what our portfolio can cover per month, it seems easy to buy now and pay later, you borrow or ask for credit and in the end, you end up with ant debts.
It is important to consider your budget, this way it will be easier to control your expenses and not fall into temptation.
Making financial decisions is a great responsibility, as well as everyone’s right.
2.-Advise yourself if you are going to ask for a credit
In Mexico, we have the idea that talking about money is bad or of little education, however, asking for help will never be a wrong idea.
Having the point of view of someone who knows personal finances will help you have a bigger picture about how to manage your money.
Well managing a loan httPs://www.paydaynow.NET/ is part of having a good control of finances. Knowing which one suits you, when to use it and how to use it is the most convenient. This will help you not end up in debt.
Use the credits in your favor and apply only when it is really necessary. Control your expenses and generate a good credit history.
Credits can be like Superman when we are in real trouble, so do not miss your call for help with something you do not need.
3.-Make your mattress
Although it sounds repetitive, that must be one of your goals. Having a guardadito helps you to have an advantage over situations that you can not control, such as illness, dismissal or even if your cousin chose you as their best man. Think that everything can happen!
There is nothing more important than being calm when we talk about money, having a mattress will help you not to be under a cloud of stress when resources are lacking. Better to be warned !.
4.-Open a savings account
Trace technology and research online which financial institution is best suited to your needs and what each one offers you. Compare between them and open a savings account.
By having a savings account you can have more control your expenses and … you know what ? you will almost automatically avoid spending the coins that you have leftover in a sweet or your loose cigar in the afternoon, the cents will be added without your account.
5. Pay the debts
Surely you have accumulated debts, that without realizing you are growing like a snowball.
You start with the lady who sells sweets outside the building where you work, then with the catalog of the office colleague and in the department stores.
It is not that having debts is the worst thing in the world, sometimes they are necessary, the bad thing is not taking care of them, so you have to pay them.
Think that every time you get into debt people put their trust in you and if you fail with the payments, then you will generate distrust.
It is also important that values when it is important to get into debt and how much you can pay to your debts. So you will also learn to be more responsible with your credits.
6.-Learn how to manage your money
Starting to take control of your personal finances may seem as difficult as learning Mandarin Chinese, however, it is easier than cooking rice well. The first step is to inform you.
How? Where? You do not need to qualify as economists to learn how to manage your money well, it is enough to get acquainted with those who know about the subject to advise you.
Whether online or in person, there are institutions that offer personal finance courses, where you can learn to take control of your money, some of them are:
The most important thing is that you stay informed so you can make better decisions before getting carried away by emotions when you are in front of a dresser.
It is also not about taking it to the extreme and depriving yourself of everything, it’s about having a balance between what goes into your pocket and what comes out of it; as well as being alert to those difficult situations that arise.
Put aside the stress and despair and better start taking control of your personal finances, start with small changes and share the information.