Remember what your strategy was when you planned how to start saving? Identify income and expenses, make a budget, allocate a fixed amount to savings and discipline yourself.

Make a detailed list of all your current expenses and draw up your new budget. Yes, just like that first time. Reduce expenses wherever possible, such as changing your cell phone plan or giving up eating out or buying a daily coffee on the way to work.

Rethink your savings goals according to your new situation. This does not mean reducing the amounts you save, but perhaps redirecting your savings to more urgent goals or those that motivate you more in the short and medium term.

Direct your savings to a specific account that is not easy to access. If you only keep the money saved in your checking account, it will be very difficult to overcome the temptation to use it.

Consolidate your debts so you can pay them off as quickly as possible and at a lower interest rate.

Don't use your credit cards for fixed expenses and if you do, discipline yourself to pay off balances on time so you don't get caught in the snowball of accumulated interest rates.

Look for a source of extra income and allocate that money to your savings or, if necessary, to pay off any onerous debt.

How to save is the question we all face when analyzing our financial situation, and it can get complicated in a situation of economic hardship, but it is not impossible.

Translated by: A.M