To keep a good control of your money during this time of the year, here are five financial tips:

1-Avoid acquiring unnecessary debts, many people continue to make purchases or expenses even though their budget is very tight.

2.Review your budget again, analyze if there are changes, adjustments or increases in some items. Digitalize your data and transfer your debts or utility bills to electronic payments for greater control of your movements.

3. Define a minimum savings amount, starting a month or fortnight is a good step. Make this your year to save, set aside an amount, set a goal and commit yourself until you achieve it. Little by little you can increase the amount.

4. Pay or reduce debts: if this is one of your goals, first it is important to make your payments on time and second, if it is within your possibilities, make extraordinary payments to reduce the amount owed.

5. Look for alternatives to diversify your income, if you have a savings or an extraordinary income and you do not have other priority obligations, analyze the possibility of making an investment or starting that business you have always wanted.

Translated by: A.M