That is why now more than ever we need to tie in to cut expenses and analyze the situation of our personal finances to budget our expenses. In the case of those lucky families who have sufficient financial capacity to cover their costs and generate savings every month, should immediately include in their monthly budget amount of money to build a savings fund for contingencies .

A health problem, a breakdown, pours a fine … the unexpected expenses that can occur are numerous. The first question to be one, is, could bear the extra expense without recourse to financing or other dip into savings for other purposes. To avoid losing control over our personal finances, we must accumulate a capital equivalent to at least basic expenses for 6 months.

If you have a previously saved capital, we can allocate a portion to begin with and forced to separate small amounts every month to complete. In the event that starts from zero, the monthly savings amount will depend on regular income payments and planning to have . No monthly expenses are equal, but always try to meet a fixed constant. The goal is to reach as soon as some financial security through savings.

Another important point to refine the characteristics that must have the form of savings chosen for that contingency savings fund.

Since this is money that we may need at any time, that money must be invested in a liquid product .

On the other hand, since it is a regular savings, how savings should be flexible and able to add the monthly amounts will get save.

It is capital to provide financial security in an emergency, you should not put that risk savings products. Since this money we will assume a zero or very low risk and have a preference for liquidity, profitability target is at most of the inflation . This will avoid losing purchasing power in the capital saved.

The investment options that best fit these characteristics, are the savings plans, paid accounts and money market funds or treasury . It is not advisable to keep cash at home or safe deposit boxes.

Should be checked every so often the family budget, and planning expenses for payment may vary and the amount of savings would require an adjustment.

There are many domestic accounting freeware that can help us have a more exhaustive control of personal finances. Easy cash money for download or some online applications such as Contamoney are some options. However a simple Excel sheet can suffice. If Excel with ease manege I recommend this to -Excel Templates Artemio completely free.

A steady source of income

This might come from your salary if you work as an employee, your business should be self-employed or their investments if you are an individual who is alert to market movements.

Financial reserves

Hike not merely in private consumption. We all know that the possibilities of financing banks in Argentina are tempted to pounce on any television with the Internet or the latest smartphone. Consider your retirement, that is, not spend it all in the short term but also leave some capital to enjoy it when labor agenda is nothing more than sun with his wife or her husband in the square.If you are a parent of a child who is on the verge of adolescence, should know that you will require education expenses should be planned.

Protection against the unexpected

In short, sufficient insurance to cover your life, your health, a slip in its ability to generate income, your family and your possessions. If you do not have insurance, even the best financial plan can evaporate in seconds.

Anticipate what’s coming

If you do not look beyond the horizon, even a tiny inflation can drain your financial reserves at the end as if he had bought an apartment in New York to be a neighbor of Robert De Niro in the Big Apple. To be vigilant about what will happen to the cost of living, must be on the lookout for opportunities that allow you to expand its capital, but remember that you must go behind them and not wait to come knocking on the door of his house.

Setting priorities

The most important step to achieve financial security is to establish on their own terms. You must ask yourself what exactly are your financial goals and if you have trouble finding an answer, try sorting them according to need.

One way to classify your goals is trying to establish a projection, never thinking only of today. An example, as a priority you should build contributions for retirement financial planning. Then if you want in the second position may appear that car that you buy without having to borrow from someone or break the famous piggy savings. To this is added the Barbie of her daughter and a new mesh now that summer is near. As a third priority, and last summer the last sugarcane model you are dreaming of his father when he went fishing. This establishes a priority scheme, ranging from long-term objectives to short.

Choose goals that generate happiness

Why look at it this way? Because if you put financial goals are going to give satisfaction, will work hard to achieve them. As mentioned above, go after them.

Do not tell anyone your password for access to their accounts, or store in your personal computer. Change also your password regularly.

Avoid passwords like your birth date, phone number, license plate … that can be easily obtained. At the time of creating them make sure you are using a combination of letters and numbers to increase the security of the same.

Do not respond to any email that asks for information of personal nature. No identity never send emails asking customers to confirm their usernames, passwords or card numbers.

Avoid connecting to Online Banking in places where Internet access is available to many people. Such as Internet cafes, and try to stay informed of the status of their accounts and the recent operations.

How can you ensure that your computer is safe?

Protect your computer by using any antivirus program and keep it updated

Open only those emails with the sender know. The hidden files can carry a virus.

Avoid installing software of dubious legitimacy.

And remember…

You yourself set your username and password in Online Banking as well as select 5 security questions and identify responses. Each time you access Online Banking, you must answer 1 of the 5 security questions you chose.

Log out when finished all its tasks. Never leave the display open.

Always check the direction of web pages that you access: Some pages appear legitimate when in fact fraudulent.

No access through a link, type the URL yourself.

An emergency fund is one of the pillars of financial security. In your family, an emergency fund can also be a source of inner peace and tranquility. When presented with a contingency, either an accident or an illness or an unexpected expense, have the resources to quickly resolve the difficulty is a vital issue.

What happens when it fails to provide for an emergency? Then one is forced to incur debts that can result in years of financial commitments and accrued interest.

How can you implement an emergency fund? The answer is through smart saving.

An alternative is to open a savings account for automatic deposits micro fixed. Ideally, set aside some amount for the emergency fund.

What is the ideal amount of an emergency fund? That depends on your income, but we could estimate how well supported the equivalent of three months of expenses.

Commit themselves to an emergency savings fund is a very difficult step to take. At first it may be tempting to draw on these funds. The discipline of saving is a virtue that is acquired gradually and is part of a broader financial education.

The first step in developing a budget is to determine where we spend the money. Once we become aware of how consumption is distributed, it is easier to decide which soften or cut costs.

The second step is to set a daily goal, a weekly goal, a monthly goal and an annual target of savings. We begin by calculating the daily and weekly savings because they are small quantities, and minimum quantities are much more manageable than annual or even monthly figures.

There is no more comforting feeling to be able to react with strength in an emergency. When you begin to enjoy the fruits of your savings, you have the strength to undertake other major financial activities.

First, the size of the Liquidity Fund will remain small for quite some time, creating the need for external lines of credit or other protection mechanisms. The problem is that the new Constitution prohibits public debt than for investment projects, limiting the ability to borrow for a line of financial strength.

Second, the apparent mistrust of government to the private sector leads the public sector control markedly Liquidity Fund and is the only one who can convene meetings. Excessive under-representation of the private sector may involve a politicization of the agency and the banks do not believe in the system and continue to have their own cash reserves.

Third, the bill provides for the cancellation of AGD bonds held by the Central Bank, making the budget increasingly dependent on the goodwill of the Ministry of Economy, weakening the already weak technical autonomy of the Central Bank.