The second tip in the column on good financial advice is:
Keep track of your assets.
No doubt it is a very important habit. Keeping track of expenses and income is essential to be aware of one’s finances and to make, accordingly, the best decisions for the future but also for the present.
Monitoring your net worth is an essential step in managing your finances. ur net worth can measure your financial progress, whether you are getting out of debt, building an investment portfolio, or both.
Net worth is the result of all those daily and weekly decisions you make that eventually add up. All of these are reflected precisely in the net worth. Thus, it is the way to measure your financial progress over the course of each year.
We deal with over-indebtedness prevention related to usury risk every day throughlistening, counseling and support. We are approached by employees and retirees who are in a situation of imbalance between income and expenses and cannot pay their debts.
In the video we show you the steps to follow to receive free support.
If you find yourself in a similar situation, please contact us!
Learn about other financial best practices
Good financial advice #04 Spend one minute of money a day
To be always sure of one’s financial and, therefore, economic situation, one only needs to devote 60 seconds each day to money management. How? Checking on investment trends, news, and important news.
Good financial advice #03 Set a periodic budget
Planning is everything in finance. Setting a periodic budget for expenses is essential to avoid living a life beyond your means.
Good financial advice #01 Create a financial diary
Learn about good financial education habits to better manage your money.
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