These last weeks of 2021 are ideal for planning our 2022 and finances are an important axis that we must consider, so making a personal budget It is an excellent option to manage our economy in the most optimal way.
How to make a personal budget if we are still studying and we do not have a fixed income? Can you save without having a monthly salary? According to Securex Peru this is possible, therefore the firm shares the keys to execute a certain amount and start 2022 on the right foot.
– Evaluate the total monthly income: as students, you do not have autonomy as an adult with a permanent job, because you still depend on your parents or other guardians. For this reason, the first step is to thoroughly evaluate your total income with the accounts on a monthly basis.
– Classify your expenses: once we have knowledge of our total income, it is important to recognize what our consumption habits are. It is recommended to make a table which indicates the fixed expenses such as, for example, food, transport, clothing and others.
– Prioritize expenses: once we have a fixed list of expenses, it is relevant to prioritize those expenses that do not add up, but quite the opposite. We know that concepts such as food and transportation are fixed, but we can put aside those expenses that are not essential, such as going out to dinner or going to the movies. The idea is to find a balance in our finances.
– Includes an emergency fund: unforeseen events can happen at any time, so it is crucial to have an emergency fund that allows us to respond quickly to any uncertain scenario. These can be an accident or any expense that you did not plan for. You can save it in both soles and dollars, it will depend on the currency you use the most.
– Tracking and monitoring of expenses: making a personal budget is not the only task that you will have to perform in order to manage your finances, on the contrary, it requires a lot of effort and perseverance, so to reach the balance you require, you must follow up and update it if necessary.
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Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
