Taking care of our money is relevant to our lives in the present and in the future, so well-established habits will benefit us over time and have peace of mind.
This is necessary at a time when experts see instability in the world economy with a strong tendency towards recession. Apart from this, there is a ban on layoffs and hiring in companies in various industries.
Before you worry too much, the ideal is to learn to manage your money and be “aware” of any situation. If nothing serious happens, your actions will improve your personal finances.
“With everything we have suffered in recent years, till date, paying off debt and recording how much we spend is not enough. While these are great habits, they still need to be put to good use for money. For this to happen and generate more with what we have, we must implement effective methods so that it works for us,” Jimena Colin, head of business at Flink Financial Platform, said in a statement. .
These are the four actions that are important to manage our money and make a profit.
And we’re not talking about Menudo’s songs. It emphasizes that you watch how much you earn and how much you spend.
“A simple rule to apply in this case is 50/30/20. That is, 50% of your salary must cover the expenses that are essential, such as rent, food, transportation. 30% (you must) put it on those Allocate in flavors you qualify for after you work out 20%, save it or invest it, so you can make more money with what you have left,” says Colin.
2. Proper Equipment
Investing your money is a very smart decision, but you need to know how and what are the rules of each platform or tool in order to get high returns.
“If you are putting your money to work for the first time, start with simple financial products. An example is Vifaru Casa de Bolsa, which you can access through the Flink app. You can deposit with 10 pesos and You can start earning profit at a rate of around 6.5% per annum (…). The more money you allocate, the more profit you will get, because with this type of product, they will give you more than just keeping it in your account. Pay,” said Flink’s head of business in the document.
3. Beware of Scams
If you see a financial company or platform offering to double your money “instantly”, don’t deposit a single peso.
It is quite possible that this is a fraud, as legal and established companies do not make such claims. It would be impossible to get such amount in such a short time.
4. Don’t Stop Looking Forward
Starting the habit of saving and investing can be demotivating; You don’t see as many benefits and you feel like your money doesn’t “work” well.
However, this situation is common and, over time, your resources “pay off,” in addition to better financial education, said financial platform Flink.