More than 170 countries come together with the aim of raising awareness among the population about the importance of savings and entrepreneurship, to celebrate World Savings Week, an activity that is promoted by the Organization for Economic Cooperation and Development (OECD).
“We must remember that To have healthy finances, there are many factors that must be taken into account, such as proper planning, perseverance to stick to our personal budget, as well as constant monitoring of our movements”, comments Edson Campaña, CEO of Securex Peru.
According to the Ipsos study, 35% of Peruvians saved in the last 12 months, of which 79% had to spend them due to the pandemic that crossed our country.
“We know that the pandemic had a strong impact on our pockets, so it is extremely important to always be alert to our economy and know how to identify those warning signs that reveal that our finances are not on the right track,” adds the specialist.
Along these lines, the specialist revealed Five signs that finances are not on the right track.
1. Organization and control:
To achieve healthy finances, it is necessary to be quite meticulous in the expenses, but, above all, organized. It is suggested to do a small balance at least once a month.
“It is recommended to make a personal budget which must be respected. With this, you can have control of all expenses and income on a monthly basis. In this way, it will be possible to calculate how much is spent, how much is owed and, therefore, how much can be saved” indicates, Campaign.
2. To invest or not to invest?:
Money is synonymous with endless opportunities, but you should be careful with it. A good option is investment, because you cannot always live with only one source of income. so it is recommended that you always look for new alternatives to amplify your assets. For this, it is recommended to seek the advice of an expert who will allow you to resolve your doubts and allow you to make the decision that best suits your objectives.
3. Not having an emergency fund:
In the life, unforeseen events can happen at any time so it is extremely necessary to consider having one within our personal finances. Let’s remember that this “lifesaver” can only be used in real emergencies, not for day-to-day use.
“An accident, a broken pipe or a car repair can come out of nowhere, so in the face of incidents of this type, we must have a fund that allows us to respond to this type of eventuality without destroying our financial stability,” adds Campaña .
4. Never reaching your financial goals:
If you have a personal budget and monthly goals are set and it is not achieved consistently, this means that you are not managing money correctly. For it, it is recommended to rethink the objectives and if necessary, consider more accessible goals and that can be achieved eventually.
5. Not being aware of the economic situation:
Today, information is pure gold, so being aware of the financial situation in the country is a key factor when making economic decisions.
“Many times being aware of the economic scenario will allow us to have a complete picture so you can determine when to invest and when to refrain,” he concludes.
Source: Larepublica
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