Financial advices

financialFinancial advices to practice at home

Taking care of your family and having healthy finances are not easy tasks at all, you need to cover all needs such as their nutrition, clothing, school, paying doctors, bills and many other things that might even make you feel anxious. Today we will give you some financial advices so you and your bank account can stay calmed.

“It is important that we save money that we can have as a backup for any emergencies, and teach our children to do it, this will show them how responsible they can be and how hard it is to do it, teaching them to save is a great idea so they start being conscious about finances since they are children”, said Salomon Juan Marcos Villarreal.

Here are some important advices that will help you administrate better your money at home:

  • Keep track of your bills – A detailed register of incomes and expenses will help you administrate better your resources, it will also tell you what you can pay and will limit you to come down with new debts. The habit of saving needs constancy, and for this it is important you destine a part of your fixed incomes on this.
  • Get organized – Assign functions and responsibilities to each member of your family, it is necessary that all of you cooperate not only to do home duties but to take care of your money.
  • Prioritize – Register all those things that your family would like to have, investigate and calculate how much you would need to reach each goal. After this, start saving until all of you make it to that goal.
  • Keep a close communication – If you are going to take decisions that will affect your family, you will need to tell each member, even when the changes are being done in order to improve the family’s finances, all of its members should agree with them.

“It is important to have healthy finances at home, to save money for incidentals or a dismissal, to have a closed relationship with your family, this will help you feel happy at home and rest at night”, added Salomon Juan Marcos Villarreal, president of Grupo Denim.