To achieve this we must follow three simple tips, as put into practice these tips will get keep the money you are going to know what I use and you can give a more satisfactory to you and your family.

1. Plan your spending: the main action have to do is know the amount of expenses you have on your income. To know list expenses and fixed income and do not forget to write the famous so-called ant expenses such as coffee, cigarettes and tips, because although small expenses, adding them in a month insurance is substantial.

2. Designates the amount of money you will save: once you know when you enter and spend you know which area you can reduce consumption. View this as a fixed expense and write it in your budget, saving is not the leftovers if you agree to set aside. For example, decreases the cost you spend on entertainment and avoids many expenses ant.

3. Secure your money: to keep your money safe it is best to use financial products offered by banks, as in a savings account, a capacity or promissory notes with interest payable at maturity.

Compare prices

The projections point to an average expenditure of EUR 170 family gifts for children and 155 euros in gifts for the family. According to a report by the OCU can be price differences that sometimes can be up to 55% savings in one article.

Credit Card VS Debit Card

Remember that after December, comes the “costs of January,” we recommend that you spend only what they can pay for what the recommendation is to leave credit card at home to avoid spending more than they can afford. Avoid debt and remember that the coming year will still be uncertain in terms of economic recovery.

As a final summary, note the following key in terms of consumption and saving for Christmas:

* Previously Calculate your budget before shopping
* Buy only what you need
* Use your credit card responsibly and, as far as possible pay for their purchases in cash.
* Recycle all elements of previous years that can be reused.
* Avoid over-indebtedness and the additional funding

Find and share the different prices for the products you buy before going to buy it blindly.

And finally, check your bank or savings possible holiday promotions that may lead to an increase in personal savings.

Given this possible scenario, and although the Spanish economy is experiencing a good situation, we will recall the main investment options for the next few days, but always depend on whether we have any previous savings or get money for it.

On the property side, the buildings at present are maintained in unstable, since the outbreak of the financial crisis have suffered price cuts and now begin to try to recover value.If we have sufficient capital to buy a property and sell to more value in the future could be an option.

In the property sector, one option is the public debt. On this segment, will try with treasury bills and bonds, for the benefit of this investment is that earnings are paid in advance. On the banking side, deposits are a good option for those who do not want to suffer too many risks, quite the contrary with the Stock Exchange, although not impossible, to demand some knowledge and time to a good decision that will translate into money.

None of these revenue-generating secure. The key, as we always say, is diversification.

This week, the newspaper La Nacion published an article titled: “You have to earn $ 11,000 to pay a mortgage.” The calculation arises to estimate the income share ratio down the banks (30%), for someone who goes into debt for 70% of a department of u $ s 78,000 (60 m2 at the average prices that publishes Real Estate Report) . In short, those who take a credit of $ s54.000 have to pay for 15 years some U.S. $ 1,000 to pay off the loan, interest, insurance and taxes, using the French system of depreciation.

However, this family group earns revenue by about $ s3.000, if over 30 months save 60% of their income (u $ s 1,800 per month), agree to the $ s 54,000. It is true that would be adjusted for two and a half years and live with 40% of household income, but soon could put together as in 15 years of lending commitments.

Some reasons why it is better to save than to borrow:

1 .- The debt makes despise money
When you get something without the sweat from his brow values makes it less (which is why many people who win the lottery squander money quickly).

2 .- The debt is a financial solution in the short term physical and psychological consequences of long-term
The consequences are material debt (interest) and psychological (worry, feelings of helplessness if you can not pay, insecurity in case unexpected expenses occur.)

3 .- The debt becomes a habit
Debt can even become a lifestyle whereby people believe that living in debt is normal. Many make an unwise use of credit cards to maintain their lifestyle.

4 .- The debt inevitably leads to financial stress
Simple and clear: Debt is stressful! You worry, you are depressed and demotivated you because what you earn, his, has long been another person (the bank).

5 .- The debt makes it difficult to save
What is the main reason for people not saving? Debts. If unforeseen: that you will pay an unexpected expense? The answer is “with a new debt.”
Debts still must find a way to save, in the same way that those who are trained in survival still hungry try to eat as little as possible so that the food they last.

6 .- The debt limits and conditions you mentally
Do you consider yourself able to buy a car, start a business or buy a home for cash? “Yes, but here a few years.” But many people can not think about getting this without debt.
Life is easier to bear to save and then buy for cash, at years end up paying debt and capital, the interests of capital and other costs.

7 .- The debts put you at a disadvantage
That there is a debt by the debtor makes the lender feel that they have some control or authority over him, and in some situations makes the lender feel right to control in some way to his debtor.

Obviously the saver because you can is one lucky, you get a more quality of life and sense of security. But savings alone is not enough. The proper functioning of the economy and most importantly, job creation and maintenance of existing positions, require savings become investments. And real estate investment is an appropriate channel for many operators.

MYTH ONE: INCOME vs. WEALTH. Therefore, to demystify first aspect of the rich is the bond that is usually done between income and wealth. They are two completely different concepts and it is very important that we see it that way.

How did the millionaires to become rich? Probably be thinking that the main source of wealth is the heritage or family tradition. But most of these millionaires are not descendants of Rockefeller. Over 80% of millionaires are ordinary people who accumulated wealth in one generation.

They did a slow, steady, without signing a multimillion-dollar contract with a football team or a record company without winning the lottery without actually becoming a character from the likes Madonna.

MYTH 2: THE 80% of millionaires are first-generation. Wealth is, in most cases, the result of a lifestyle that includes hard work, perseverance, planning and, more importantly, self-discipline.

As Benjamin Franklin (1706-1790), statesman and scientist: The way to wealth depends crucially on two words: work and savings.

While there has never been so much wealth in the United States as at present, most U.S. households are not rich. About half of the wealth of this country is owned by only 3.5% of households. That is, most households do not earn anything comes to wealth.

And these homes are not poor, but households of people with good incomes but can not accumulate wealth. To give a measure, there are more than 25 million households in the U.S. with annual incomes of $ 50,000 and there s more than 7 million households with incomes of $ s100.000 annually. Many of these households have accumulated wealth beyond his house and have no room to live without the monthly income of their salaries.

Despite that there are millions of homes with good annual income, are only 3.5 million households who are rich.

Why people with annual incomes themselves have different degrees of accumulation of wealth?

The decision to make with the money you earn is the key. Not only is it important to generate a good level of income but also know the correct use of that income.

The message is clear. Anyone can become rich. The key is whether this study and its conclusions are adapted to the reality of Argentina or not. I hear all your views and next week we demolishing more myths.