1. Save: One of the answers to how to improve my personal economy is to encourage saving in your life and that of your family. It is a principle to have a healthier economy, to have control of your expenses and to be able to treat yourself to something like buying the shoes you want, going on vacation with your family or investing that money in a project.

2. Review your income and expenses: Income is all the cash that comes into your home, it can be your salary, the profit from your business and any cash inflow.

Also, if you are making a loan payment, one of the tips to avoid going further into debt is not to take out another loan to cover it. Add that amount to your list of priority expenses and see if you can ask for a deferment.

3. Reduce your money leaks

Once you have a list of the necessary expenses for your day-to-day life, you can start discarding those that are not indispensable.

If you want to know how to improve your household finances this is a start. Talk with your family about making adjustments and review what each of you can reduce. Together you will be able to see the change and in time you will enjoy a better situation.

4. Visualize your goal

An important part of finding the answer to how to improve your urgent financial situation is to start setting your goal. When you are clear about your goal, it is much easier to have a plan of action that will get you closer to achieving it. For example, if you are covering a debt, the goal may be to pay it off in full in the next 6 months and for that you may need to set aside 30% of your cash inflows.

Translated by: A.M