1. Change habits

Make a calendar exclusively for money matters, where you include your fixed and variable expenses. Fixed expenses are those that are indispensable, those that you can't stop paying. Example: rent, transportation, food, tuition, among others.  Variable expenses are those you can do without. Example: an outing to the movies or a restaurant.

2. Control yourself

It is normal that when you receive money the impulse is to buy, but first ask yourself if you need it.

3. Choose a suitable payment method

If you feel that you abuse the credit card, it is better to switch to cash, and the same if it happens the other way around. Analyze the advantages and disadvantages of each method and think about which one will make you spend less.

4. Go little by little with debts

Don't try to get rid of all your debts quickly, you can start by paying off the smaller ones so you will have the confidence to face the rest.

5. Don't forget about the future

Don't think only about now, it is important that you always try to set aside 20% of your salary for emergencies and funds for the future.

Translated by: A.M