Displaying items by tag: budget

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

After enjoying a well-deserved vacation, it is time to go back to school and, consequently, to buy uniforms, shoes and school supplies, so it is important to allocate a budget for these purchases so your family economy is not affected.

The Ministerio de Hacienda (MH) reported that during 2022, from january to december, they accounted for US$6,571 million in revenues from taxes and contributions. The total indicates that there was an increase of US$737.4 million, equivalent to 12.6% more.

They say that a new year means a new life, and why not, also new finances. Generally, it is said that in this first month of the year, people suffer from the "January cost". If this is your case, we tell you what you can do so that it does not affect you so much.

1. Take advantage of the opportunities at hand: If you saved money in a fund during the year, use it when buying school supplies. Another alternative is to check the rewards or cash points granted by credit cards, because they can be extra money that helps a lot in the resolutions.

In this Christmas and New Year's Eve festivities, the Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL), recommends that you be environmentally friendly and improve the quality in your home with household appliances and discover a new way of experiencing life.

Committed to guarantee the proper functioning of the institutions, the deputies of the Treasury Commission issued a favorable opinion to reform the 2022 Budget Law and incorporate US$2,448,556 for the strengthening of the Tribunal Supremo Electoral (TSE).

Emergency Funds: Almost no one has an emergency fund. If something drastic were to happen right now, do you have a way to get money as soon as possible? Saving your resources will help you weather the effects of a recession on your wealth. It is recommended to build an emergency fund of at least 12 months.

According to the International Budget Partnership (IBP) survey, El Salvador falls in the world rankings of budget accountability and obtained a drop of five points, going from 46 in 2019 to 41 in 2021 on a scale from 0 to 100.

Deciding to take a vacation is the best thing you can do when you are looking for a few days to disconnect from work or home duties and responsibilities, but before doing so it is important to allocate a budget to enjoy without any worries.