Saturday, 08 April 2023 15:56

How to readjust personal finances after the vacations?

Written by Evelyn Alas

After overspending during a vacation at the beach or in the mountains, it is possible that the numbers are in the red and the accounts do not close. With these recommendations, you can strengthen your financial health and achieve the desired post-vacation stability.

Summer is the season in which many people seek to relax and forget for a few weeks the routine and the pressure of classes or work. For this reason, some of them decide to invest part of their budget to travel during the summer period, which brings with it, in addition to days of relaxation, sun and beach, extraordinary expenses that have a direct impact on the pocket.

Optimize expenses: The important thing is not how much you earn, but how you manage your spending. You should try to optimize all expenses through rationalization, which will be reflected in various actions such as: shopping at the supermarket without appetite and with a shopping list, reduce trips to restaurants or shopping malls and leave it only for special occasions, take advantage of free cultural events offered by the city, plan activities considering a budget that is in line with the current financial situation, and finally avoid spending hormiga as breakfast at the neighborhood cafe, empanadas mid-morning at work and the bottle of water at the gas station.

By planning some changes in the way you spend, it will be possible to achieve the desired financial stability.

Have a cushion or emergency fund: The additional expenses also show why it is important to have a financial cushion for emergencies. The best way to avoid the impact of unforeseen events on the money saved is to create this fund.

 

Translated by: A.M