On October 31st, the World Savings Dayand within the framework of this commemoration, it is important to know that the Debts are part of financial life and they are not in conflict with savings, knowing how to take advantage of them and manage them well can increase our ability to create wealth or income.
On the other hand, the abuse debt and, mainly, the loans contracted with financial institutions reduce our savings capacity and compromise personal finances.
To avoid the overindebtednessexperts recommend evaluating the usefulness of the credit to be contracted, since it is essential that it guarantees that you achieve your financial goals planned when contracting.
In the case of credit cardsUsing a maximum of 30% of the existing line of credit, along with timely payments, is the best option to take care of your credit history and not have a lack of liquidity in the future.
You should always be aware of your account statements, because with them you will be fully aware of the expenses, income and the reason for them. With this information you can improve your financial planning and optimize your resources in future months.
While you work to save more and increase that sum, your money must also work to generate returns, consider investing in instruments such as CETESinvestment funds or cryptocurrencies so that phenomena such as inflation do not cause a loss of the value of your savings.
