There is no time of the year when you should not be aware and take care of your finances. Probably there are more sensitive dates in which more expenses are expected to be made however in what comes or go these dates can give excuses to start wasting money.
How to Fix Personal Finances
To not have to wait until a week is gone or the year is out you can start fixing your personal finances today. Do not wait to receive the second bonus. Make sure to start next year with confidence and without austerity for debt repayment.
1. Take control of what comes in and out
No matter how much money you earn or have at the end of each month, if you do not have a record you will never achieve stability. Achieving dreams and goals or even raising the standard of living we have is left in the background. It is essential that you start with the registration of what goes in and out of your income through a budget.
2. Know what others know about you
To have full control of finances you must know how much you can spend on savings, on investment, how much money you owe and why. Knowing your credit history helps you in the last. Ideally all people should know how their finances are without having to consult.
3. Buy more for less
Cheap shopping does not necessarily improve your pocket. Buying expensive products can help you save in the long run. It might seem counterintuitive but instead of buying clothes every winter invest in a good jacket that will last you through the years, rather than having to buy it every year.
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4. Well thought out expenses
The expenses you carry out must be aimed at achieving a goal, purpose or objective, from a car, to a trip. Whenever you save you should be seeing the whole picture. Trying to meet short-term needs or wants can affect the flow of money you have tomorrow.
5. Luxuries Must Be Luxuries
It is not bad that you reward yourself from time to time or try to keep motivation by buying or giving yourself little favors. But they must remain as such, as luxuries. Purchases that are rarely made. Probably once every 2 months, they continue to fulfill their purpose, keeping you motivated. When they are done very often, they cease to be special and their finances pay the consequences.
6. Learn new skills
If you do not know how to ride a bike, iron, clean your house, wash clothes and cook, it’s time to learn these precious skills. Avoid having to pay public transportation, pay for domestic service, take your clothes to the laundry or eat out. Whenever it is possible to do any of these activities for yourself, it will be a great money saving.
7. Always expect the worst
It may sound very harsh, but waiting for the worst helps you prepare with a B, C, or even D plan. Emergency or insurance savings help the risk of losing money for contingencies be diversified through preparation.
8. Learn to Visualize
How does it look in 5 or 10 years? Can you get that kind of life with the actions you’re doing today? Try to direct your habits of consumption or savings to reach the life in which you see in 5 and 10 years.
9. Reach happiness
Happiness can be a very subjective state for each person, however there is something in which everyone can agree, a happy life is one without debts and without worries. Financial freedom can lead you to happiness .
10. Correct and change habits
Just as having a “cheat day” in the diet does not affect progress or diet, having a day of waste will not end with your finances (eye, there are limits to waste, betting all your assets in a casino, could really affect my lifetime). Feeling guilty and lamenting will not bring you anything good. Change habits and improve them tomorrow if.