If there is a subject in life in which every individual has to study is that of personal finance, no matter what you study at the university, where you were born or what you are looking for in life, finances are present every day of our life, Think about it, when you go to the supermarket you exchange products for money, that is a financial transaction, when you use your credit card, when you plan a trip, when you think about a wedding, etc.
Finances are in our daily lives, however, sometimes we get out of control or our goals are far away. How can we improve that? Find out in the following tips :
When we have the application of our bank on the cell phone we can have a better control of what we consume on our credit card, detect if we see an unusual consumption and how much money we have in our debit account and so plan how much we can spend in the month.
Look for extra income
When we have a fixed salary, our expenses are projected to that income, we make a 1 to 1 ratio and if something is missing we go to the cards. Error, always look for extra income that allows you to buy beyond your fixed income.
Make a list of priorities
If it were by our instinct, we say yes to the sales, to what we see in the mall and what our friends say they bought us, but that is not the right way to spend your money; you must set goals and priorities, create different lists and each one put an order of priorities, for example, a list for home, another for vehicle, another for clothes, etc. In each one place in order of priority how you are going to make the purchases.
Buy a piggy bank
We know that traffic in the Dominican Republic is getting heavier and it may be difficult for you to go weekly to your bank to deposit money for your savings. One option is to buy a piggy bank where you can keep money with your family and deposit it at the end of the month.
Investing money is the financial word to say “make your money grow”. Look for the best options that fit your needs and financial availability, for example, financial certificates that give 6.5% annual interest. Making investments in this case, is different from point 2, in this sense we refer to options where you can place your money and do not need to be present for you to generate profitability.