In the middle of a rate of national inflation of 13.25%Colombians are looking for a way to make their money work, either by saving or reducing expenses.
Given this, the Liberty life insurance company compiled a series of tips so that people can manage their finances in the midst of this situation that affects, in one way or another, all the inhabitants of the country.
(You can also read: Change habits and reduce expenses, the measures against historical inflation)
Keep an eye on expenses ant
The ant expenses They are those expenses that may seem minor, but that in the future can negatively affect a person’s budget. What Liberty Seguros advises is to have a better planning of expenses: “We recommend choosing a monthly budget for these ant expenses and start adding small purchases, in such a way that this budget leads to an expense limit.”
Avoid necessary purchases
If you’re going to buy something, make sure it’s something you need or that works for you. This means that it is best to analyze your financial situation to have a better idea of how much you are going to spend and on what.
“If you are teleworking and the level of expenses has dropped, you can take advantage of this moment to save, especially given the job uncertainty that has been generated since the start of the pandemic, avoid going to online shopping pages and unlink credit cards. credit of cell phone applications, ”explained the company.
Save transportation costs
If you live in a city, it is most likely that you allocate part of your resources to get around, whether in public or private transport, so it is best to adjust those expenses to those that are strictly necessary: ”We recommend having a chart of fixed monthly transport expenses and take a percentage of this for savings, assuming that in reality you would be commuting to work normally”.
Make a list of monthly expenses
It is basically having your finances organized. Take into account everything you earn and organize your fixed and occasional expenses. Likewise, have an emergency budget in case something new arises: “Writing down the expenses that occur on a day-to-day basis will allow, at the end of the month, to take stock of the money that is being earned, as well as the money that is being spending. The important thing here is to get to not spend more than what is earned, that is the purpose”.
Prepare food at home
Inflation does not come alone, and this is reflected in the price of inputs for gastronomic establishments and, therefore, in the price of dishes on the menu. Faced with this situation, Liberty recommends starting to cook at home in order to save a few pesos.
“By cooking at home, expenses are measured more accurately. It is important when going to the supermarket to choose the products according to the budget and needs, a good recommendation to avoid buying more is to make a list of daily menus for the week, that way when you buy in the supermarket the products will be identified necessary to buy”.
BRIEFCASE
