Experts recommend allocating at least 10% of your monthly income to savings.
Having a clear idea of how you'll allocate your paycheck will help you make ends meet without straining your wallet. One way to achieve this stability is to create your own financial rules.
The director of the Administration and Finance program at "UPC"_Paúl Lira, says that it is essential to identify how much is spent and compare that amount with the income received. Above all, he says, you have to know what you are spending your money on and how necessary that investment is.
"Be very clear about exit number screening your short-term goals (for example, traveling), your medium-term goals (perhaps a master's degree) and your long-term goals (buying a home). Only then will you be able to control your expenses and generate surpluses that will help you meet your goals," he explains.
The expert recommends being disciplined and abiding by the rules that have been established. "Don't fall into exceptions. Otherwise, we won't complete any project ," he says.
PREVENTION Richard Díaz Chuquipiondo, professor at the Universidad San Martín de Porres , reminds us that almost no one is 100% financially stable. Hence the need to create an emergency fund.
"There are people who buy a house and pay for it monthly, so they assume that the money they have left over should be used for fun. That's not right because maybe today they work for a company that within a month will reduce staff or go bankrupt," he says.
The specialist stresses the importance of treating yourself to family and friends, but maintains that you need to know how much you can spend so as not to fall into the temptation of using credit cards.
"The use of credit is accepted only if you are sure that you will be able to meet the payments and that your basic needs will not be affected," he says.
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