Posts Tagged ‘finance personal finance’

Personal Financial Management

Wednesday, September 27th, 2023

These points will enable you to plan your spending, deal with contingencies that arise, meet their financial goals and save. This will give you peace of mind for you and your family. 1 .- Check your heritage. Subtract all properties as the total of what you do not have or what you owe. This operation will result in a sum of money, which could be your family budget. Perform this exercise every month to determine if the actions you are taking are the right ones to improve their personal and family economy. 2 .- Learn to organize.

Be aware that the main thing is to pay its debts, rather than pretend to save money. If at this point is a debt that charges a low interest, analyze, and if your financial plan allows, is probably not necessary to pay all of it to be capitalized and not spend that money to other areas, such as save. Decide what issues are top priority, which are closer to achieving that more appropriate and enforced. 3 .- If possible, try not spend the money you receive will increase or additionally, for example, was paid money that was paid a bonus for productivity, profit sharing, overtime, bonuses, etc.. Best save it!. 4 .- Book a portion of their money for emergencies. It is very important to have a certain amount of money available to cover emergencies such as medical care for a family member, preferably, ensure that this money is invested in a bank account is safe and who may use the money in a suitable time and earn interest above inflation.