Half of January is already over and the cost is still being felt. The prices are through the roof and to that you add all the expenses of the holiday season that were not scheduled.
Prices may continue to rise and the cost, which would be in January, could reach February, March or April. To prevent this from happening, Jorge García Puente, CFO of the Albo digital debit card, suggests the following:
1. Identify your fixed expenses. It should not be more than 50% of your income, consider cutting non-essential expenses if necessary.
2. Separate and store. There is no universal rule, but some experts say you should ideally save 20 percent of your monthly income.
3. Manage your money from your phone. This will allow you to see your expenses by category, which is not the case when using cash.
Reference-www.eleconomista.com.mx