Back to Blog
The moment you decide to leave a debt behind, you are actually deciding to do everything you can to make that account zero. However, many times we do not know where to start, let alone how to generate extra money.
Ok, I'm sure the first thing that came to your mind was: I need to sell or start my own business. But no, that is not the most immediate option. There are many things you can do before ...
Tricks to "win" money to pay debts
A few days ago I was talking to a lady, who just wanted to save and pay a debt. However, for her it was very complicated because she did not know how to start and distribute her salary better. So I recommended some tricks (very simple things that if you use skillfully they will save you a lot of money).
Explore how much you spend on food.
This has happened to everyone, sometimes we spend spending on food, because sometimes we do not consume what we buy in the supermarket and it becomes waste. It is also easier to go to a restaurant for lunch or dinner, consider the following tips:
Review your account statement and analyze how much you spend on meals, desserts, groceries, etc. Surely you will find some you did not remember.
It never hurts to take a look at the pantry, how many things are there and how many do not? Do you need to buy more food, are you really using everything you buy?
Decrease your consumption of meats and opt for vegetable proteins. Be careful, I am not saying that you become a vegetarian, simply decrease the purchase of products of animal origin and you will see a change in your final account.
Every time you go to buy pantry, make a list and stick it.
Avoid looking at candy, things that are near the cash register or vending machines in your office.
Now check your transportation expenses.
If you have a car, the price of gasoline brings you crazy. And rightly so, since for a few months it has remained much more expensive than other years and this probably will not change. What you have to do is adapt to the changes.
Some things you should contemplate:
Buy the right gas for your car, not because you want to save a few cents you put a fuel that is not for your car. If you do, in the medium term, repairs will be more expensive.
If you go to a place that is less than 15 minutes from your home, do not use a car. It will cost you work because you are already used to the ease of driving everywhere, but believe me it will be worth it.
If you use public transport, explore other routes and analyze how much they cost so you can choose the one that best suits you.
If you work in the city, the safest thing is that you have the opportunity to walk instead of taking Metrobus or Metro.
In previous publications we have commented on which are the most expensive areas to rent in the CDMX, also that saving while saving the planet is possible. Some things you might consider:
If your income absorbs more than 30% of your salary, it is time to find another place to live, in the long run this could affect your economic stability and end up in more debt.
When you are looking for other places, take into account the routes that you will have available for your mobility to your work, this will make you see how much your monthly transport expense goes up.
Turn off the lights! This is true, disconnect devices that do not occupy, turn off the lights of the rooms that you are not using, restrict your bathroom to a duration of 5 to 8 minutes, among other things will help you reduce your payment of water and electricity.
Do you have many things that you do not use? If they are in good condition and seriously you do not want them anymore, then do a garage sale. Remember that the rubbish of some is gold for others.
Avoid small luxuries
Many times we acquire services or products that make our lives easier or that simply make us feel good, but they are not essential for our existence. If you really want to save, then start cutting back on this type of expense.
Wash your car on your own, leave for later the car wash.
Manicure, pedicure or monthly haircuts, spa, etc. You can stop paying for these services for a while, there are alternatives such as let your hair grow or paint your nails at home, masks.
Cancel your membership in the GYM, exercise is free. Going to a gym exerts pressure on you to encourage you and achieve your goals. But if you really want to be in shape, you will do it with or without a membership.
Check your finances
Ok, debts are part of your day-to-day life, but that does not mean that everything is lost. So put into practice the following recommendations:
No more cards, please.
Avoid expenses not contemplated.
If you have a card with a small debt, try not to get late and pay as soon as possible.
List your daily expenses, you can do it in your calendar or on your cell phone.
The money that is collected from your spending cut, save it for the payment of your debts.ere to edit.
Other things that you should not forget:
Every time you have an achievement in your personal finances, do not forget to celebrate it. If you think you have not done very well then analyze what was the problem and what you should change so that everything flows in the best possible way.