How to manage my money on these national holidays? Carefully! Here we tell you how to do it and have a great time.
The parties are approaching where we feel good Mexicans, and with them come a series of expenses that we must take into account to avoid embezzlement.
How to manage my money on these national holidays?
After the return to school and the end of the holidays we are a little worn, but since the national holidays represent the first bridge of the school year, then many take the opportunity to leave the city and rest. Or, they don’t go out, but they still spend on the typical Mexican night where delicious food is served, starting with the pozole and finishing off with some toast. All this implies an expense.
Recommendations to manage my money in these holidays
- First of all, prepare a budget for what you plan to do, as this implies an extra expense of your monthly planning. Whether going on vacation or putting together a party, you need to take into account every aspect that will involve an expense. If you go on a bridge, then see how much you will spend on gas or plane tickets, how much the hotel and food will cost or if there will be extra expenses, such as taking a tour. If you stay at home to celebrate, then make a dinner budget. How many people will come? Will they cooperate? What will you give for dinner? What drinks will they drink? How are you going to decorate? Everything, every aspect, must be taken into account to be prepared for the expense. This way you will know how much you need and you can compare it with how much you have.
- Use money intelligently. Based on the budget, see what it is for you and if you plan to borrow, check how much you can pay each month so that you do not fall behind in payments. It is advisable to leave the credit card aside, as we tend to use it more than the account in these times. Do not spend what you do not have.
- On the other hand, we recommend that you cover your debts before going back into debt. Consider which is the biggest debt and that generates more interest and tries to settle it. Thus, you will have the ability to borrow again without causing serious problems to your economy.
- A little help is always better. By this we mean that if you will make a national holiday, then allow your guests to cooperate with something and do not assume the expense in totality. This helps that, on the one hand, your finances are relieved to little and on the other hand, that everyone participates in the organization of the celebration. That makes it more fun.
You should spend too much and put your finances in jeopardy
Remember that celebrating the national holidays does not mean that you should spend too much and put your finances in jeopardy. It means having fun with family and friends without the need to spend a lot. With a well-structured budget, you will know how much to spend and what your borrowing capacity is. From this, plan what you will do in these national holidays. Happy Holidays!