1.Define financial goals: It is very difficult to get anywhere if you don't know where you are going. The first step to manage your money well is to know what you want to achieve with it. Goals should be short, medium and long term.

2. Identify the totality of your income: By identifying where your income comes from you will be able to assign a better value to your time, so that you will be able to dedicate special attention to the activities that make you earn money.

3. Make a list of all your expenses: Making a list of all your expenses is one of the most important points, since it helps you realize what you are spending your money on and how much you are spending. If you find it difficult, you can help yourself with technology, since there are mobile applications to write down your expenses.

4. Divide your expenses into fixed and variable: Fixed expenses are those that allow you to survive; variable expenses are those that are related to your lifestyle. Making the difference between one and the other will help you know in which activities you can avoid spending money.

5. Consider how to reduce, as much as possible, your fixed expenses: Fixed expenses are, for example, rent, electricity, water, food or gas. Spending less on fixed expenses is possible, you just have to be aware of how you use them and identify if you can save a little on them.

6. Consider eliminating as many variable expenses as possible.

Variable expenses are those that are not necessary to survive. To reduce them you must eliminate those that do not have a positive impact on your life.

Translated by: A.M