doYou want to improve your family finances? If you are going through a time when everything is expenses and you do not see the exit at the end of the tunnel, know that you can make a series of decisions to try to maintain a balance and improve your financial health. Right now there are many people who are going through the same thing as you, that’s why we want to share with you a series of strategic decisions that will be of great help to you.
Family decisions to maintain financial well-being
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Having greater control over your finances and well-being may not be easy at first. However, you can get used to it. This is what you can do:
1- Focus on some things, give up others
Our first advice is that you try to focus on what is a priority and give up what is expendable. For example, if you have children, the priority right now is back to school; books, school supplies, new clothes, etc. You may also have other fixed annual expenses those to deal with apart from the mortgage or rent, such as the payment of IBI, home or health insurance, etc.
Apart from these fixed expenses that all families have each year and that cannot be postponed, there are expenses that do not notify, such as a spills or car trouble. Therefore, it is recommended to try always save for fixed and unforeseen expenses.
We know that saving is very complicated, even more so in times of inflation. That is why we want to focus on the importance of focusing on what is important and giving up what is expendable. To try to improve your financial health, it is the first thing you should do.
2- Be aware of expenses: use the card
A trick that will help you improve your financial well-being is to use a card that allows you to carry a full tracking of your expenses. This way you will know in which category you are spending more than necessary, so that you can manage it better each month until you achieve a good balance.
You can request the card for free. It costs you nothing! In addition, with each payment you make, you get a roulette spin that can give you up to 1,000 euros in prizes, so you can manage your personal finances better.
3- Invest in improving your financial education with our personal finance program
At we offer our users a course that will help you improve your financial health. In this course you will lay a better foundation in economic matters and learn tricks to try to save and diversify your portfolio.
4- Postpone trips
If you really want to travel but you don’t have savings right now, it’s better that you try to postpone it for later.
We know that for health a trip right now may be more necessary than ever for mental health. In that case, you can always defer; pay in installments. But it is important that you do not exceed the range of 30-35% of your income destined to pay loans. If you exceed it, we strongly recommend that you postpone it.
5- Use popular remedies to save
The truth is that there are several methods to save that work. It may not seem like it, but as soon as you realize it, you will have more saved than you imagine. If you have a hard time saving, these tricks are perfect for you.
- kakebo method: this method is based on a notebook in which you will have to write everything down, to know what you spend more and less on. In short, you will be able to see graphically where your money is going and that will help you save. In fact, it has been shown that it allows you to save 35% of your monthly salary, so considering that it is a lot, you do not lose anything by trying it.
- The 52 week challenges: Another option is this fun challenge of 52 weeks. At first you simply have to separate very little money but then the figure increases. The good thing is that you will get into the habit of separating money and it will be easier for you. Basically, it consists of saving one euro more each week than the previous week. What are you waiting to try it?
- Transfer money to another bank account: Another trick to help you save money is to schedule an automatic transfer every month with a certain amount of money. You can spend what you want or what you can. For example, you can start with 50 euros per month. It is possible that over time you will see that you do not notice it and after a year you will have saved 600 euros, what is better than zero!
As you see, In just 5 steps you can improve your family finances. It is the best investment you can make for yourself and yours, to be calmer and that money is not a daily concern that does not let you sleep.
Do you have any doubt left?
