Planning is key to avoiding financial imbalance.
When December arrives, people begin to live a time of rejoicing and sharing with loved ones, although it is also one of the times when expenses increase.
The last month of the year also marks the payment of a bonus, so that families will also have the ability to pay off their debts or make purchases. However, the key to getting through December and maintaining finances is planning.
According to Belén Luzón, Business Manager of Cooperativa Andalucía, planning should take into account the liquid income for that month as well as what will be the expense that you plan to make, whether in purchasing or consumption.
Clothing is the first choice of gift in the post-pandemic Christmas season
This is how a budget should be established within the family. “The idea is to conscientiously respect this budget, so as not to have imbalances in the financial economy. It is important to bear in mind that unforeseen expenses are the ones that affect the pocket the most, ”added Luzón.
Taking advantage of the holiday, several products increase in price so a tip that financial specialists give is to buy gifts in advance or make your own gifts, although with ingenuity.
Within the planning you carry out, you should consider that there are expenses that can be postponed for another months or take advantage of the interest-free shopping promotions offered by various businesses.
Tips for Christmas Shopping Online
Given the increase in electronic commerce, in addition to worrying about the budgetary aspect, you should also do it in the security of your devices in order to avoid economic losses.
Electronic commerce has increased notably in recent years and one of the factors has been the COVID-19 pandemic. Through various communications, financial entities and credit card issuers have alerted their clients to the main scams and frauds they may face.
Produbanco, for example, has recalled that the most common at this time are:
- Phishing: Impersonation to obtain credentials or account or credit card numbers through emails.
- Smishing: Phishing modality through text messaging.
- Vishing: Phishing mode through phone calls.
- Social engineering: They are specialized techniques to deceive people, either by electronic means or in person, and which induce the victim to carry out some specific action that allows access to their accounts or financial media passwords.
- Purchase and sale of products: Through social networks, through false profiles or on platforms, exorbitant offers are offered in order to deceive people. People never receive the money in the case of the sale or the product in the case of the purchase.
The financial institution recommended avoiding opening emails from unknown senders or clicking on the links they derive. One of the keys to realizing that it is a scam is the spelling of the mail, generally these contain many spelling mistakes.
Also, keep your electronic devices up to date, avoid transacting on public networks and do not use passwords that are obvious associated with your personal information. Remember that one of the ways to make sure that a web page is trustworthy is to verify the security certificate, this is observed in sites that start with https: //. (I)
Paul is a talented author and journalist with a passion for entertainment and general news. He currently works as a writer at the 247 News Agency, where he has established herself as a respected voice in the industry.
