Seven tips to start saving
Posted: Tue Jan 07, 2025 4:06 am
May the approach of the new year be an opportunity to reflect on postponed goals.
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PERU21 Editorial
Update Date
08/26/2019 - 07:01
Alicce Cabanillas (@alicce on Twitter)The imminent arrival of the New Year makes it necessary to carry out a personal assessment , in which the goals set in the previous year are reviewed and which ones were not met are identified, says the manager of Deposits, Insurance and hong kong number screening Remittances at Interbank , Augusto Miró Quesada.
Savings goals are the most difficult to achieve, so it is likely that in 2013 he did not achieve the goal he had set.
To remedy this situation and taking into account how important it is to have savings at least for emergencies, Miró Quesada gives us seven recommendations :
1. Set a goal. Identify what you want: a graduate degree, a family vacation, a down payment on a car or a home. Then, define how much it will cost and how long it will take you to get the money together.
2. Have a realistic budget. Prioritize fixed expenses such as food, housing, health, education and miscellaneous household expenses. Allocate an allowance for entertainment so you can avoid overspending when you feel tempted.
3. Set a monthly savings amount. Set aside your savings as soon as you receive your paycheck. You may think that what you set aside for monthly expenses is not enough, but this is where prioritizing is important.
4. Avoid impulse purchases. Wait 24 hours. Consider how necessary the purchase is.
5. Use another account. Don't put your savings in the same account that you use for your daily spending. This will allow you to have better control and protect you from impulse purchases.
6. Find the right account. If you want to save for several months, consider a fixed-term account. If you want to make withdrawals, you should consider a savings account with free availability.
7. Reward yourself when you achieve your goal. This will motivate you to keep saving.
Image
PERU21 Editorial
Update Date
08/26/2019 - 07:01
Alicce Cabanillas (@alicce on Twitter)The imminent arrival of the New Year makes it necessary to carry out a personal assessment , in which the goals set in the previous year are reviewed and which ones were not met are identified, says the manager of Deposits, Insurance and hong kong number screening Remittances at Interbank , Augusto Miró Quesada.
Savings goals are the most difficult to achieve, so it is likely that in 2013 he did not achieve the goal he had set.
To remedy this situation and taking into account how important it is to have savings at least for emergencies, Miró Quesada gives us seven recommendations :
1. Set a goal. Identify what you want: a graduate degree, a family vacation, a down payment on a car or a home. Then, define how much it will cost and how long it will take you to get the money together.
2. Have a realistic budget. Prioritize fixed expenses such as food, housing, health, education and miscellaneous household expenses. Allocate an allowance for entertainment so you can avoid overspending when you feel tempted.
3. Set a monthly savings amount. Set aside your savings as soon as you receive your paycheck. You may think that what you set aside for monthly expenses is not enough, but this is where prioritizing is important.
4. Avoid impulse purchases. Wait 24 hours. Consider how necessary the purchase is.
5. Use another account. Don't put your savings in the same account that you use for your daily spending. This will allow you to have better control and protect you from impulse purchases.
6. Find the right account. If you want to save for several months, consider a fixed-term account. If you want to make withdrawals, you should consider a savings account with free availability.
7. Reward yourself when you achieve your goal. This will motivate you to keep saving.