A few days before the start of a new year, the Banco de Crédito del Perú (BCP) offers some tips to learn how to save and start 2023 on the right foot.
Name your savings (goals): Knowing what you want to achieve will give you motivation to save and be consistent. For example, that trip that he always wanted, a master’s degree in his area of expertise or the initial of his first department.
order your finances: Identify your monthly income and expenses and create a budget. This will give you greater clarity about the amount that you can allocate to savings.
Separate your savings: Avoid the temptation to spend it by opening an additional account that allows you to have this money separate from the one you use daily.
be realistic: We’d all like to be able to save large sums up front, but it’s not always possible. You must set achievable goals that suit your possibilities and allow you to continue with the plan without neglecting other expenses.
stay tuned: Monitor your finances periodically and verify that you are sticking to your budget. In case you realize that it is not, it is time to put it in order by reducing or eliminating those expenses that are not necessary.
be consistent: No habit is created overnight. With organization, effort and discipline you can achieve it. So save a sun, it will help you form the habit.