The fourth tip in the column on good financial advice is:
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.
In this regard we recommend a light but very enlightening read on how best to manage one’s money.
It is said that in life we should all have one friend who is a lawyer, one who is a dentist and one who works in a bank. Here, your friend who works in a bank is Ami, who has been helping those who want to take charge of their financial situation since 2019 on her Instagram profile.
With this book, step by step, it will help you overcome all the doubts and uncertainties that catch you when you face your portfolio. Through simple language, self-awareness tests, and practical examples, you will understand what kind of saver you are, where you are at in building your wealth, how to calmly make the big decision to buy a home, how to save and manage your expenses, which bank to choose, and whether it is time to jump into the investment world. It will be a good trip with an experienced friend: ready to go?
Click on the cover and find out how to buy the book
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 #07 Set financial goals
Planning is a cornerstone of good financial education and an excellent habit to always be in control of one’s finances. Setting goals, in life as well as in personal finances, is the key to success. Without goals, the road will surely be riskier.
Good financial advice #06 Dedicate 30% of income for personal expenses
Plenty of people suggest using no more than 30 percent of monthly earnings for personal expenses, i.e., travel, dinners out, birthday gifts or subscriptions to gyms, newspapers and more.
Good financial advice #05 Devote 20% of income in savings
A good way to save is to follow the 50-30-20 rule that suggests using 50 percent of income for necessary expenses, 30 percent for personal expenses, and 20 percent for savings.
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