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1) Make a detailed evaluation of the current financial situation of your business: It is important to know in detail the income, expenses and debts, as well as the capacity to generate income in the future. In this way, you can establish a realistic payment plan according to your company's payment capacity.

Receiving advice on personal finance is often a bit confusing, as it introduces terms that are not so common. Therefore, the following list is focused on making things simpler and giving you the best keys to manage your money well.

Selling is a complicated mission that requires patience, dynamism and a series of other important skills.

1 - Write down your fixed expenses: To begin the process of your financial education, you should write down your fixed expenses, those that are paid every month, such as water, electricity, internet, rent, among others. This way you will have an idea of what is left over to invest or save. You can make this control using digital tools or Excel spreadsheets.

Owning a car, buying a house or studying a graduate degree abroad may seem like a far-off or even impossible goal.

The Superintendencia del Sistema Financiero (SSF) warns that anyone who makes use of any financial product can become a victim of financial fraud, either through cloning of debit or credit cards, theft or loss of checkbooks, assaults at the exit of banking establishments or by making investments in disreputable institutions that offer high rates for savings or investments.

The holiday season has been characterized for generations as a time of friendship, humility and affection for those around us. However, all the necessary preparations in terms of decorations, food and gifts, can generate a strong impact on the financial state of the households of families around the world.

1-Develop a budget

Ahead of the celebration, it is advisable to be austere. The main advice at the time of buying is to quote and compare at least three alternatives.

Meeting basic needs, taking care of fundamental aspects of the development of all family members and having the possibility of saving to meet future goals. These are the main characteristics of the family economy, whose objective is to manage a family's income and expenses.

Debts are a headache because they impede flexibility in money management, so getting rid of them as soon as possible or at least minimizing them will help you make the most of your cash to achieve greater financial security.