1-Setting goals and talking with the family: To know how you can achieve something, you first have to know what you want to achieve. That is an objective. That is, a goal or result that you want to achieve through concrete actions.

So, before you consider how to take care of and manage your and your family's financial life, you should set one or more objectives. This is important because it will help you take a long-term view and think about how you can go about achieving them.

2-Knowing the available financing methods

Many migrants decide to start their own project in their new country of residence, in order to have a better quality of life and to be able to help their relatives in their native country.

In order to set up a business, money is needed. Many times, people can start financing it with their own funds, but sometimes it is necessary to ask for financial help.

By financing with your own money or savings, you avoid borrowing costs (interest). In addition, it allows you to be free to use the funds for whatever you want and be more careful with how you spend the money since you don't have it all at once. You also avoid paying loan payments in the future.

3-Choose the appropriate payment methods

There are different payment methods: cash, checks, cards and digital transactions. The latter include transfers, automatic debit, Internet and mobile payments.

Translated by: A.M