Que faites-vous si vos finances et votre budget deviennent incontrôlables ?

The first thing is to get honest about your spending which you can achieve by tracking how you are spending your money, it is said that what gets measured gets done. Once you have a clear picture of how you are spending, you can then make a decision of what to stop spending on or find a more affordable and cost effective alternative. You can start tracking your spending using the simplest free tools like an excel spreadsheet. Remember to track even the smallest spends as they can easily deceive you to think they are negligible amounts.

We can't measure what we don't track. Take the time to go through all your finances - what comes in, what goes out? Which spendings bring you joy, and which ones don't? Are there any recurring bills that could be lower? Do you have the possibility for multiple streams of income? Note down every single number you know and you can find.

There are different rules as a guideline, and the trick is to find what works for you. After having analyzed your current spending behaviour, it is good to create a budget. However, in order to stick to this budget, it is important to know your why. Why do you need this budget, and what is your ultimate financial goal? Having this clear for yourself will make it easier to follow through and remain dedicated.

Once you have tracked how you are spending, it is important to put a plan in place on how you will move forward to avoid a repeat scenario. Identify a method that works, most importantly keep it simple to your comfort at the start and advance as you go. For example you can categorize your budget as recurring monthly costs such as utilities, food and other home basics, transport/fuel, savings, mortgage, loans, emergency funds. Be sure to maintain your spending below or within your means. Your budgeting should serve your current situation as you go and purpose to reduce your costs and identify what should be eliminated or managed accordingly.

Creating a budget is the cornerstone of financial stability. It empowers you to understand your spending habits, prioritize expenses, and allocate resources wisely. By establishing clear goals and tracking expenses meticulously, you regain control over your finances and pave the way towards a healthier financial future.

Veo que una alternativa sana es mesclar ítem 2 con 3, dado que planificar una reducción de gasto ya es una forma de ir preparando u ordenando un semi-presupuesto. Importante tener en alerta y controlado donde se gasta la plata y evitar al máximo con superfluos. Caso hay un descontrole es necesario realizar un análisis y encontrar una priorización.

Cutting expenses is a great way to minimize spending, when possible. Put your expenses in different buckets and see how much % of your spendings they are. Perhaps you have certain subscriptions you don't use, old contracts that cost a lot of money, etc. Analyzing this thoroughly and finding better options is a great way to lower your monthly expenses. And my personal favourite: decluttering your space to sell or donate anything that no longer serves you. An organized home is an organized mind :)

Nowadays, there are many ways to diversify and increase your income. Different websites allow you to offer your services, and many people earn extra money through social media or investments. Make earning money a new hobby, and learn the skills of increasing your income to have some extra cash!

As a rule of thumb, an emergy fund should consist of 3-6 months of your living expenses. This means that no matter what happens, you always have some space and safety to take care of yourself.