Monday, 07 August 2023 02:49

Improve your personal finances and achieve peace

Written by Evelyn Alas

1. Start by knowing what your annual income and expenses are: This way you will be able to have a more global vision, measure your expenses and thus plan, organize your finances better and schedule.

2. Keep a budget

Keeping a record of your expenses will make you more organized (remember that without disorder there is no loss). Besides, it is the only way to know your real expenses and measure them annually. Maybe you haven't realized that you spend too much on restaurants and that, you don't spend enough on education.

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3. Invest in yourself

You are your main asset, you make things happen in your life. You need to be in good health and you also need to learn new things, train yourself constantly. Money dedicated to your health and education should not be seen as an expense because it is actually an investment.

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4. Buy quality things

Do not fall into the temptation of fast food and fast fashion. Remember that cheap is expensive and, besides, when you buy more expensive things you think about it more and it is safer to buy only what you really need.

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5. Avoid unnecessary debts

This refers especially to credit card expenses. Many people are under the illusion that they can buy things that they can't afford at the end of the month.

 

Translated by: A.M