
8 Tips to manage your money
Organize your expenses, create your budget and improve your savings with these 8 tips to manage your money Start now!
How to manage your money intelligently?
Do you feel that money slips through your hands like water? Can’t save? We assure you that you will be able to do it with these 8 tips to manage your money.
We all go through times of economic difficulties from time to time. Also, we experience that feeling of not being able to meet our goals. But did you know that there are studied and proven ways to improve these behaviors?
Yes, achieving our financial goals or life objectives is possible. For this, it is necessary to be aware of our expenses, organized when paying and precise when defining our projects.
Do you want to know how you can achieve it? Keep reading and find out here!
8 tips to manage your money

Next, we give you a guide on how to achieve better results when managing your expenses and income.
Tip ONE: Budget is your best friend!

You will never be able to improve if you do not know your economy in detail. Therefore, our first advice is to prepare a budget of your monthly expenses and income.
The budget is a simple and practical tool to write down all your expenses and realize where you spend your money. Therefore, it will be necessary for you to take note of your essential expenses (apartment rent, payment of services, supermarket expenses, etc.).
Likewise, you will have to be rigorous when indicating your unnecessary expenses. Among them: going out to dinner with friends, shopping for clothes, changing electronic products, etc.
Tip TWO: Did you include your savings?
Something that we generally do not do when we make our budget, is to incorporate a percentage destined for “savings”.
This is a fundamental strategy for managing your money and will help you start saving right away.
What is it about? Easy. Just allocate 10% of your income to saving money, withdraw it from your account and save it. This you have to do at the time you collect your payroll or get your income.
Tip THREE: Get out of debt!

It is very difficult to save money to fulfill our dreams, if we have debts with other people or companies.
Therefore, our third tip to manage your money is pay off all your debts! In this way, you will be in a better position to save, invest or request a loan (if you need it).
How can you say goodbye to your debts? This will depend on the lending institution.
However, surely you can opt for payment plans, a reduction in your debt, a longer payment term or the application for a new loan, with better interest rates, that allows you to pay all your debts.
Tip FOUR: Don’t ask for more credits
If you have recovered your financial balance and are free of debt, our fourth tip is that you no longer ask for more financing.
This includes, not requesting more credit cards, online loans, mini-credits, etc.
Because? Although having a line of credit at our disposal can be very convenient. It is very dangerous if we exceed our expenses or do not make our payments responsibly.
Tip FIVE: Define what you will spend the money on

In addition to allocating the money to your monthly expenses, you surely have some objective that you would like to achieve.
It can be: buying a car, changing an appliance, taking a trip, etc.
Whatever your goal, it is very important that you define it. This will help you maintain the behavior, not spend more and keep your savings saved until you achieve it.
Tip SIX: Read about financial education
There are many books, publications and advice written on the Internet. You can find a lot of information that will help you learn more about how to manage your money.
Therefore, before doing anything, it is necessary that you educate yourself in financial matters. In this way, you will find better solutions for your current situation.
Also, you will be able to discover financial services and products that will help you reduce your expenses, improve your savings and find out about investment methods.
Tip SEVEN: Invest your savings

Another way to improve your financial situation is by making small investments.
This point goes hand in hand with the previous advice. It is very important that, when investing, you know how you are going to do it, what you are going to invest in and how much money you will use for that purpose.
In this way, we recommend you read everything you can about the financial product or service that you will use to make your investment. Among the most common options are: fixed terms, stock market, cryptocurrencies, etc.
Tip EIGHT: Try to manage your money a little more…
If you reached this point and you comply with most of the advice, then you have a financial balance that allows you to save and invest in a stable way.
Therefore, our advice to you is: Save a little more! and Take a chance!
In the case of saving 10% of your income, consider setting aside 20% for this purpose.
Also, you can take some bigger risks. For example, allocate a percentage of your investment money to a stock portfolio that involves higher risk and, therefore, higher profits. It can be a complete success!