Financial Safety Advice

Among the most important advice that personal finance experts offer at this time are care how you spend, avoid impulse purchases and buy only based on a budget, “being a responsible consumer” call on the Federal Consumer Protection Agency (Profeco).

And beyond the planning and budgeting advice, there are other actions you can take to look after their finances and work not only on this season, but year-round.

The National Commission for the Protection and Defense of Financial Service Users (Condusef) should be very careful in terms of financial decisions taken to avoid becoming a victim of fraud or theft or even to take on debt that will cause the painful costs January.

“For security, for the care of our personal finances should not carry any credit cards you have, and avoid impulse purchases, as well as to avoid losing all plastic in case of loss or theft of your wallet” said Alejandro Velasco Capitto, legal director of Skandia, the operator of funds. Read the rest of this entry →

Personal financial security (SFP) is a phrase that brings together all the actions and items used by successful people in the world of finance, business, independent professionals and workers in general.

The SFP is a compendium of methods and recommendations that can guide people toward making good decisions in order to get the most out of their efforts, their own financial resources and time of your life.

The SFP involves financial planning, systematic savings, investment and purchase appropriate insurance policies, all from the same time initiating the productive life of the person and begin to acquire financial Read the rest of this entry →

According to the international context, each country within its economy develops according to its own evolution and sustained or not by external indices. Thus it is a great advantage to know what happens in the world and in our own country. From there, begin to assess the main recommendations for the next year.

As a first step, we avoid falling into debt of great value. If it is small, with care and caution, we can sustain. But if the debt amounts to large sums, we can lose control if the crisis back to gain greater value. Without debt, money and investment could lead to greater freedom.

It will be essential, too, keeping accounts on a monthly basis and to detect if a period is spending more than it earns. If this happens, we could be in trouble. The solution? Itemize monthly-weekly if possible, personal accounts and family to check that whenever revenues exceed the expenditures.

Finally, it is very important to stay informed of what is happening around you, in the country and the world. Stay informed and understand that the economy and finances are not only expert tasks, will help you better manage our own accounts.