According to the study “Semaphore of the economic expectations of Limeños towards 2023”, carried out by Experian and Consulting Partners, 60% of the inhabitants of Lime considers that the economic situation of the country will improve or be maintained.
Within this group, the most optimistic are young people (54%) and this is due to the fact that most of them are linked or grow hierarchically in the labor market, which allows them to have a positive perspective regarding the possibilities to future.
In this sense, Sergio Rivera, commercial manager of Experian Peru offers 3 tips for young people who are starting to build their financial path to do so responsibly:
LOOK: More than 15 million vaccines against COVID-19 are at risk of expiration
- Evaluate your financial situation. First of all, it is important to establish a financial plan where you determine how much you spend and compare it with your income. Take into account all your expenses, even if they are small like public transportation or entertainment. This financial plan should give you the possibility to evaluate all aspects of your financial situation to start developing goals on it. Project your short- and long-term goals to know where your priorities should be, taking into account your current compensation and pending financial commitments, if you have any.
- Reflect before applying for a loan. If you are thinking of assuming a financial commitment, and it is the first time that you are looking for a loan, it is important to have your goals clear. This will help you define how much money you need and if you have the possibility of paying it in full with respect to your current situation. To make informed decisions it is important to always know your credit history for free through My Sentinel, from Experian.
- think about your savings. Savings must also be taken into account within your financial plan and within your calculations before applying for any type of credit. Indeed, setting savings goals will also help us to start planning our financial future and be able to mitigate any emergency. Ideally, as you improve your income and control over it, you can save between 15% or 20% of your income.
