Are you thinking of spending two weeks? We better show you how you can save

We’re less than a week away pay two weeks, and you probably plan what to spend them on; however, we remind you that you must To save money at least 10% of your income for any incidental expenses.

For this reason, experts in finance They remind you to avoid unnecessary expenses, plan for any purchase, no matter how small, and always review your income and expenses so you don’t “spend more than you have” and stay in debt.

Eva Berlanga, Academic Coordinator of the Accounting and Finance Program at Universidad Privada del Norte (UPN), stressed the importance of including a monthly budget in Peruvian households to increase their savings capacity.

Based on data from Department of Banking, Insurance and AFPrecalled that not everyone has the habit of saving, and only 66% of the adult population, of which 45% use financial institutions to save their money.

“People should direct 10 to 17% of their income to reserve funds, an amount that will allow them to achieve their goals or use it in case of an emergency,” the specialist explained.

Five tips for financial management.

1. Organize the items you will need for the week or month
2. Buy only what you need and have a long shelf life.
3. Keep a money container nearby and toss coins daily.
4. Remember that your card is not an extension of your salary, use it in specific cases and meet payment deadlines on time
5. It is important to set monthly goals and organize yourself. Remember that saving should be an incentive, not torture.

Eva Berlanga recalled that savings should be used in unforeseen circumstances such as emergencies medical, unemploymentplanned expenses, such as vocational training or the purchase of electronic devices.

He asked parents to instill this type of education in their children so that they have financial education from an early age.