Photo: Joe Raedle / / Getty Images
For: Luis Diaz
Monday, November 18
The 5 end of the year resolutions so that in 2022 you do not lack money
It is likely that each end of the year we ask ourselves what we can do to have a better financial solvency for the next 12 months to start, but many times it is difficult to find a resolution to this question given that essential expenses and debts must be covered, which does not allow to generate liquidity .
Beyond the daily economic responsibilities that are presented to us, it is essential to have strategies that allow us to have money and, at the same time, not be limited. For this reason, the personal finance portal WalletHub has published a series of recommendations that may be functional.
In Real America News we select some points that we believe can be carried out in order that our readers have the necessary tools for them to achieve a 2022 without financial solvency problems.
Cost and budget control
Having a weekly and monthly budget will not only allow you to control expenses, it will also allow you to schedule late payments and thus avoid damage to the credit score in our future if we are not punctual in payments, so it is essential to keep in mind order of the invoices, that way we will know how we allocate our money.
In addition, it is important how much money is going to be used for expenses related to the purchase of groceries, outings to dinner, to the movies or expenses that have to do with leisure, all this must be considered from the monthly income that one has.
Collect and pay
Once it is clear what they are payments to be made during the month p We can program them. Therefore, it is recommended that the moment you receive your paycheck from work, you pay the outstanding debts, since in this way you will have the money that you can use freely without having to be pressured to cover debts.
According to WalletHub, it is recommended that you set up two automatic monthly payments from a deposit account: one for just after the payday and one for a couple of days before the monthly due date.
Emergency fund
The accumulation of some money reserves should be destined to an emergency fund that allows a financial cushion with net income of between 12 Y 18 months. Many Americans were able to cope with the pandemic thanks to this type of funding, so it should not be ruled out.
Diversify the use of credit cards
Having a single card that assumes all debts is not recommended, since monthly payments are very high and that will be very heavy for the user, so it is advisable to have two or three in which the debt is distributed and, most importantly, know how we use it and in what, with this we can pay the monthly payments easier .
Get a better job
A One of the opportunities that the pandemic brought is that companies have had to face a shortage of personnel, which has forced them to pay better workers, so it is recommended that you look for a better employment where compensation and benefit benefits are higher.
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