Next, we share 3 tips pair you can take precautions when paying and not generate other expenses. Also, as we always tell you, the important thing is to help monthly budgetwhich will allow you to capture fixed and variable expenses.
Cut expenses that are not necessary
Whether it’s a ant spending or one unplanned purchasethe important thing is to avoid any type of expense that is not considered necessary.
Some items to keep in mind:
- Departures
- Dress
- Extra school or work activities
- entertainment services
In the first case, you can look for cheaper options when it comes to having an outing or a family gathering. We suggest you search promotionswhether at the movies, restaurants or shows.
Regarding the clothes, you will have to analyze what garment is really needed, what they are going to be combined with, in what situation they are going to be used, among others. If money is not enough for everything, then it will be important Prioritize the most urgent.
The third group is characterized by the gym or club fee, for example. could be searched outdoor optionswhich will surely be cheaper.
Finally, although the cable and the streaming platforms are paramount today, the accumulated fee can be a major expense. One could choose one of the two, until at least stabilizing the personal finance.
investment finance markets.png
Confirm the right time to finance
One wrong move and it could all go down the drain. Although credit cards or personal loans are usually used, the situation that is being experienced must first be evaluated.
What are the alternatives that will help you pay little by little
- Purchases in installments. Payments are spread over several months instead of all at once. But, as long as they are installments without interest or the surcharge is much lower than inflation.
- Fixed rate loans. The total financial cost must be less than the expected inflation for the future it could take advantage of. In any case, there is no need to make compromises for the sake of it and it should be chosen only in case of need.
- Credits to produce. If you are an entrepreneur or have businesses, this option is for you. There are some subsidized bank lines at attractive rates. In this case, it will be worth getting into debt to buy tools, supplies or grow, since it will mean an investment in the future.
Invest money
Whether to keep the Argentine pesos or opt for american currency, saving and investment will take you to a good path. The focus here will be on the cost effectiveness than his own capital market can offer you.
If you’re looking to beat the devaluation In the medium term, the Invest Online (IOL) Research team recommended fixed income options. In this line, they suggested putting together a portfolio that has a 30% on the TX24 bonusand a 70% in TO23 bonus. The first of them is a bond that adjusts capital by CER, so the objective of being able to protect the value against inflation is achieved.
At the moment it has an expected return (IRR) of 60.1% offering a higher reward than shorter maturity instruments. For their part, in relation to the TO23, they believe that it could be a good alternative since it pays coupons at a fixed annual rate of 16% every six months.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
