Tips for financial stability on a shopping weekend

If your monthly expenses exceed your income, if you have several credit cards and you only have enough to pay the minimum every month, or if you think that you only pay and that you do not have left to enjoy a walk or buy what you want so much, it is time that you stop and put into practice new financial habits that help you have financial freedom.

"The only good budget is the balanced budget" A phrase from Adam Smith reads, this is why, no matter how much your income is, with the proper management you can achieve your goals.

AND the celebration of Black Friday should not be the exception. Ideally, both your pocket and your mind are prepared to make purchases within budget, so that after this weekend you have the certainty that you did it intelligently with the items purchased.

Ámbar Raymundo, stock broker at CCI, indicates that, in order to make the right decisions regarding money, it is important to be disciplined with the proposed objectives and in that way then to be able to achieve the so-called financial intelligence.

Raymundo assures that, in order to have discipline and organization, it is important to have clear goals that help us organize ourselves and have discipline to achieve the objectives, this leads us to a balance.

The truth is, that in order to make ends meet without the headache that results from paying the bills for the high costs of the products we consume and that you can also have a "saving"To buy that dream car or have that ‘mattress’ that allows you to sleep peacefully in the face of any unforeseen event, it is important to educate yourself and be consistent.

For the finance expert, César Asiatico, financial intelligence occurs when there is a positive change in a person’s financial habits, which is reflected in an improvement in the quality of those who put it into practice for their family.

The expert assures that, to learn to have financial intelligence, it is important to read text on financial education and strategy, attend seminars given by experts, visit blogs, do research on the Internet, etc. “But definitely the most important thing is to try to put these principles into practice because otherwise they will only be accumulated knowledge.”

Both specialists agree that the best time to start receiving good saving habits is in childhood, Raymundo indicates that the first thing is to create awareness in the little ones and then promote savings to buy something they like or go out on weekends in the case of adolescents, while Asian advises parents to teach by example and buy a piggy bank establishing some purpose for that saving.

Keeping finances in order is as important as having good emotional, physical and mental health, says Cesar Asiático, who also shares his recommendations on Instagram @casiaticofinanzas, on Youtube Cesar Asiático Finances and on his website Cesarasiatico.com.

“In this sense, the most important thing is to develop good and strong financial habits that are part of our daily behavior and that do not represent any extraordinary effort. If we manage to internalize these habits, we will automatically be making more good decisions than bad in our lives and that will translate into lasting and sustainable well-being for us, that is, quality of life ”, he says.

Read Also:  What is Financial Freedom?

Social media accounts that help with finances

You can also make the most of and learn from people who are willing to share their knowledge for free, that’s why I leave you some social media accounts that will help you achieve that financial intelligence, so that you get out of those debts and why not? go on vacation with the family without having to make a loan.

@aurarord is an Instagram account managed by the financial expert, Aura Cruz, there you can find financial advice, from how to properly manage your credit card, to how to make a budget every fortnight.

This is one of those accounts that are more than social networks, since it has a website, where you can opt for more personalized advice, with challenges that will help you organize your finances.

These accounts have shown that talking about budget and finances does not have to be boring, which is why the account of @edufinanzas is on this list, the person behind this account, Pamela Pichardo, handles the issue of the economy in a friendly way, helping you to identify your ant expenses (that small consumption that will not make you poorer, at the moment, but that is returns recurring in the week or month) for example the coffee you buy daily and offering solutions to quit that habit that does not help your economy.

This account offers free courses on financial freedom and also has a YouTube channel.

Lía Vargas is a finance coach who with her account @womenfinazas speaks very directly to the new generation, with tips for shopping online and finance for creative entrepreneurs.

An account that is making its way into the networks is @ mindy.rd, with a colorful graphic line, offers advice mainly to young people who have their first job to how to prioritize their expenses and not run out of budget before the end of the fortnight.

Reading

Another option to start having healthy financial habits is to read a book about finances, but do not panic, books are not only for experts nor should they be full of numbers, that’s why I leave you a list with which you can Start.

  • Rich Dad, Poor Dad by Robert Kiyosaki. Excellent text for beginners and especially to contribute to the financial training of children and young people.
  • Think and get rich by Napoleon Gil. To awaken the entrepreneurial spirit and understand the role of finance in prosperity.
  • The Richest Man in Babylon by George Clason. A story that will help inspire you in the power of saving and investing.
  • Awaken the financial genius of your children by Robert Kiyosaki. A financial training guide for your children.

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