It's not easy when we're going through difficult financial times and it only takes something as simple as losing your job to put us in an extremely complicated situation if we don't have a plan or take the necessary steps to avoid an extremely negative financial situation. Generally at these times despair arises and with despair comes anxiety and anguish and the ability to make bad decisions becomes increasingly real and for that reason it is necessary first of all to remain calm, take a deep breath because this is not the time. to lower our arms, but to become aware of what our habits are that lead us to have a very bad financial life.
I always say that more important than learning to be rich is learning not to be poor and that's why today and because I've also been through extremely difficult financial situations throughout my life, I'm sharing with you tips to help you get out of an extremely complicated financial situation. .
PAY YOUR DEBTS
The first thing we should do when we are going through a financial crisis is to get rid of our debts and this has to be very clear in your mind! Your priority has to be getting out of debt and why? Because the longer you take to pay that installment or those installments you will never be able to free yourself and you will never be able to have the ability to save money, so before you even save before you even spend, you have to pay your debts and pay them off. as soon as possible.
CONTROL MONEY GOING OUT AND MONEY GOING IN
Many people don't have this idea, but to have a relatively stable financial life you have to control your earnings and your expenses. As long as you spend more than you earn you will never have money and it is important for us to know, especially when we are going through a crisis, how we are spending money and how we are making money. No more talking about “the money I earn is to pay my debts.” You may be right, but you have to know everything about your money.
ACCEPT YOUR CURRENT SITUATION
If your bank account is at zero or worse, with a negative balance, don't want to live the life of a King or Queen and stop buying unnecessary things. Sometimes it seems like what we're about to buy is something extremely necessary, but in reality you know it's not.
If you are going through a difficult financial situation, cancel your Netflix and stop eating lunch/dinner out, use public transport more, stop buying unnecessary things and focus on the basics (food and health).
AVOID MORE LOANS
If your financial situation already leaves you in a possible unfavorable situation, asking for more loans will only worsen the situation, as I mentioned previously, it is extremely important to control your despair so that you can calmly have the ability to make the right decisions and ask for a loan. is clearly not one of them.
INCREASE YOUR EARNINGS
You have to find a way to earn more, whether through part-time or working more hours at your job if that is possible. In a difficult financial situation, all euros are important, but be careful, be careful not to overextend yourself too much, the scenario is bad, but it is not war.
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