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The New Year begins with a wonderful opportunity to renew and improve your attitude to life’s challenges and update your daily habits and routines; leaving behind bad habits and begin to live healthier in every way. 365 blank pages that invite you to fill with good stories. Nothing is written, everything in this New Year lies ahead, and what better than to undertake positive changes that make every day better.
On this occasion, the overall theme emerging for the coming year is marked by a series of economic uncertainties. Part of the global financial crisis is also reflected on our own pockets. Economists have proposed a series of simple recommendations, many related to changes in our spending habits in order to protect ourselves from the impact of the economic crisis.
Stay informed of economic developments. This will help you make better decisions with career goals and personal finances. Be careful with your job. Strive to maximize your skills as a way to protect yourself, and take advantage of opportunities while avoiding a lay off. The current crisis can also bring the reverse; an opportunity to make a career change or to finally try out your ideas for making extra money.
Save as much money as possible. If you make a list of what you really needed (food, mortgage, transportation) versus what want (cigarettes, alcohol, luxury goods), you will quickly discover that, with a little effort, you can save money every month for a rainy day fund.
Cut costs, avoid any discretionary spending, while at the same time, look for quality products that are not expensive. Even if you are not accustomed to analyzing your finances, this year, you must be very aware of your income and expenses. Before you buy, make a list of your needs. Be careful with impulse buying. Today, more than ever before, do not spend more than you earn. If you have credit cards, it is a good time to put them under lock and key. Look for the lowest interest payments and commissions. Always pay off your credit card balance completely and avoid taking on any new debt. Take good care of your credit rating, avoiding at all cost, letting your name be added to a credit black list.
Try to help others by sharing your financial successes. If you already have good buying habits and live comfortably share your experience. But above all, don’t let yourself get stressed out. Follow these simple tips and live day to day with hope and optimism.
By Rodrigo Lopez Becerril
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