It’s simple, not easy, and tremendously effective, whatever your current financial situation . The sooner you start doing it, the more valuable information you get and the better the long-term results . Don’t you believe us? You do well to be skeptical. However, we will try to convince you. These are the 5 reasons why you should start today to control your income, your expenses and everything that has to do with your personal finances.
This is how you should monitor your economy
1. You will finally know what your current financial situation is.
Surely more than once you have wondered how it is possible that you have spent so much money this month or why you have not managed to save as you Belgium WhatsApp Number List had proposed. Fito & Fitipaldis would say that your personal finances “run like a headless chicken” . You need to stop and put order . At the moment you monitor your economy, finally, and with great detail, what is your current financial situation. Reaching your goals will be much easier if you know what your starting point is.
2. The decisions you make will have a solid foundation.
Supermarket , transportation , children , home … If you know in detail what your monthly expenses are, you will be able to make financial decisions with a much more solid foundation. Hobbles said, in The Leviathan, that “whoever has the information, has the power” . He did not lack reasons to think so. Do not doubt that if you are capable of organizing, structuring and screening the information you obtain from monitoring your economy, you will be able to make good decisions about your money . Probably the best decisions you’ve ever made.
3. You will be able to analyze the progress you are making.
The best way to check if the decisions you are making are the right ones is to analyze the progress over time of your personal finances . If your savings rate three years ago was 5%, last year 11% and this year 23%, you are going from strength to strength towards total control of your money. On the contrary, if the trend of your finances is not the desired one, you will have to make different decisions. This analysis will not only help you to verify that everything is going according to plan, but also to apply corrective measures in the event that the results are not as expected .
4. You will plan your future.
Once you know your starting financial situation, make good decisions to change it and start to see positive progress, you can plan your future with guarantees. You should start without stress. Better if it is with short-term goals that help to achieve larger goals. The reason? You will stay motivated. Which brings us to the fifth and final point of this article.
5. You will be happier.
If you save little money and do not get your financial situation to be good, you will constantly be downcast, worried and afraid. Whether we want to accept it or not, money conditions a large part of our lives. It does not give happiness, okay. But it helps to achieve it. As soon as you gain control of your personal finances and start to see positive results, your motivation will increase and you will be happier . The feeling of not drifting and having the helm is very important . And believe us when we tell you that there is nothing more comforting than looking back and seeing how far you have come. Have we already convinced you how important it is to keep track of your finances? Do you need extra help? At Vivus we have our quick credits with which we offer youup to 1,000 euros (300 if it is the first time you request it) so that you can deal with any unforeseen event in a simple way.