How to save and invest without neglecting the phrase “I deserve it”

In the face of unsustainable inflation and declining workplaces, investing and savings have become a real victim; however, it is still necessary, especially since we are building financial support for the future, since you cannot rely only on old age pension.

In Peru, in the private sector, the average monthly wage for a worker is S$2,310 (about US$600 at current exchange rates), according to the National Household Survey of the National Institute of Statistics and Informatics (ERI).

With that kind of income and a base basket of over 1,300 soles, for a family of four, saving 10% might seem out of balance for our lifestyle, which is why Alessandro Galleno, X Prime’s commercial manager, made some recommendations to make our “I deserve it.” are not completely cancelled.

Do I want to save money but not stop saying “I deserve it”?

Set monthly goals: Constant tracking is an effective way to motivate people to save money. You should start with a realistic goal and increase the amount as your financial situation improves.

Prioritize spending: Make a list of your monthly expenses to prioritize them according to their importance and need. By doing this, you can find areas where you can cut unnecessary expenses and use that money for savings or investments. For example, memberships to places you don’t visit, streaming payments you don’t consume, etc.

Invest in international funds: Given the instability of the Peruvian economy, the asylum in foreign coins This can keep your economy safe as well as generate higher returns than local savings products offer.

Pay off your debts and clear the way for savings: Debt, especially high-interest debt, can be a significant financial burden and limit your ability to save. Try to meet and complete your debt payments, whether it be credit cards, personal loans, or mortgages. Reducing your debt burden can also improve your credit score, which could lead to more attractive loan options in the future.