Tips for your Money in Difficult Times | Credits
It is public that the difficulties are there and that they will keep coming times. We have already seen many penalizing measures for our personal finances.
Measures that can be criticized but whose need is unquestionable. Not being an idyllic scenario, it is necessary to maintain our attitude of confidence, optimism and set to work. For this more than ever we have to be individually we make every effort to overcome the difficulties and believe that if they all then of bonanza will come.
To do this, we will begin today to create defenses against difficulties, implemented or reinforced our financial situation through the implementation of simple tips.
Create a Family Budget
Implementing a family budget in our lives has never been so important. For those who do not make the family budget, we suggest that in the next 2 months, they identify the economic variables of their life.
Write down your expenses and identify your sources of income. Focus on big winnings and optimize everything.
Create an Emergency Fund
Those who are already accustomed to saving money know that times are a precaution and certainly already have an emergency fund for unexpected expenses or simply for those months where everything happens.
Those who still do not believe that an emergency fund is the true lifeline, I advise reading the article, “Why should I create an emergency fund?”
Prevent Against Unemployment
The possibility of being fired may arise at any time and with the new austerity measures it is easier for employers to do so. Look at your personal and professional life, identify your capabilities and see what you can do with them. Look for an activity parallel to your work and enjoy to earn a few euros each month.
Due to the importance of the theme to make money, in the coming times I will create articles where I will put ideas to make extra money every month.
Make an Analysis of your Credits
Many credits, dispersed by consumer credit, housing credit, automobile, among others, may be the missing push to default. Assess their importance and their ability to repay them.
Put everything on the table and create different scenarios, such as unemployment, increased monthly charges, health care. Once you check your credit situation, be warned. You can create a fund only for credit difficulties, you can start planning to make a consolidated credit, negotiate your credits, or simply create a strategy to repay them.
At Good Finance we specialize in reducing monthly installments of your claims and insurance. We have been able to save our customers an average of 30% -40% on their monthly installments. If you want to know how, we suggest that you mark your financial diagnosis query without any commitment.