It is very rare that schools teach you how to manage money; however, this knowledge is necessary to lead a healthy economic life. Here are some tips that will make it easier for you to manage your money:

• Learn to control yourself: buy responsibly, save and buy cash, or plan your payment system in case you apply for credit. Before buying something, ask yourself if you really need, it is useful, or you want what you are going to buy.

• Always know where your money is going. Once you start earning a salary it is very important to make a personal budget, so you can make sure that your expenses never exceed your earnings, Make the sum of the fixed expenses you have per month and subtract it from your income. This will let you know if you have extra to save or treat yourself.

• Make a savings fund for emergencies and unforeseen events: No matter how little money it is, always save a part of your salary; This will allow you to live more calmly. If you do not use this savings, you can eventually spend it on a vacation or buy something.

• Always keep track of your status with the Ministry of Finance. Paying taxes is a responsibility for everyone, you should never neglect. It may seem like you could avoid it, but eventually the time will come to be accountable; with this you prevent fines and surcharges.

Translated by: A.M