Introduction
Life is full of unforeseen events, so it is better to be safe than sorry. Some people work just to pay off debts, others invest in fun, gambling, or unnecessary products and activities, for example. However, there are also those who prefer to "pay" a certain amount of money in a business that can bring them benefits in the future. In other words, there are multiple ways in which we can "spend" our money, the difficult thing is in knowing how to distribute it.
Each individual must know what tools they have, to plan their finances, when acquiring a vehicle, a home, setting up their own business or buying shares in an existing one, paying the school fees and extra-curricular activities of the students. children, vacation trips and countless activities, both personal and work.
Abstract
La life is full of unexpected, that is better to be safe than sorry. Some people work only to pay debts, others invest in fun, games of chance or in products and unnecessary activities, for example. However, there are also those who prefer to "disburse" a certain sum of money in a business that can bring them benefits in the future. That is, there are multiple ways in which we can «spend» our money, how difficult is to know how to distribute it.Each individual must know what are the tools that you have, to plan your finances, at the time of purchasing a vehicle, housing, assemble their own business or buy shares in an existing, pay the school fees and activities extra curricular of the children, holiday travel and plenty of activities, both personal and labor.
The importance of personal finances in family growth
Undoubtedly today, the good management of personal finances has a significant and direct impact on the family economy, individuals need to know how to organize and properly manage their monetary resources to ensure the future well-being not only of their own but that of their family as well. be it for the education of their children, to acquire real estate, cars and even to have a good retirement fund and thus live without worries for any unexpected eventuality that they might suffer at some unexpected moment.
Life is full of unforeseen events, so it is advisable to heed the saying "better safe than sorry". Some people just work to pay off debt, others invest in fun, gambling, or unnecessary products and activities. However, there are also those who prefer to invest in a business that represents benefits in the future, with this we say that there are different ways to spend our money, the difficult thing is to know how to distribute it. Our life is governed by finances and money, regardless of the profession we have and the ups and downs that arise in the different stages of life. In this sense, it is important that we have good management of our personal finances, because in this way we can reach mature age well in the financial aspect and retire comfortably.
Without forgetting the importance of finances there is also another situation, which commonly happens, when people start saving in a bank account to buy something in the future, say a house or a car, they realize that over time that inflation is higher to the interests that you have obtained and that the prices of the good or goods you wanted to acquire rise faster than expected, and after time they will have to acquire something of lower quality than they want or go into debt to complete it. Hence the savings traps since most people think that because they have a limited saving or investment capacity, they have to resort to traditional alternatives, that is, to banks, which offer very low returns. In many cases, especially in people who live off the proceeds of a liquidation,retirement or the savings that they managed to gather in the course of their productive life, they commonly say that they live on their interests, they realize over time that it is not possible to live adequately with the product of the low returns they receive, and they begin to withdraw part of the capital. And having no income or capital reinvestment, they sadly realize that after a short time their savings are gone.
These situations arise basically due to the lack of financial culture and not knowing how to handle personal finances, the principles and basic rules of personal finance seem very complex for those who do not know them, but they are really very simple to understand.
