Have healthy finances y organize expenses especially during December, which is when much more is spent on Christmas parties, gifts and meetings, it is of great importance to start a new annual cycle in the best way and with the less debt.
One of the best ways to have good organization in your finances it is a expense plannerTherefore, if you make your money and getting out of debt was one of the resolutions you set for the new year this 2025what you will read below can be very useful to you.
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What is an expense planner?
According to the Federal Consumer Protection Agency (Profeco)an expense planner is a written tool that helps you organize and manage your money Throughout the year, it serves as a diagnosis of your financial situation and facilitates decision-making about how to use your income to lay the foundations that will help you achieve your goals.
A planner can help you keep your finances under control as long as you commit to update it periodically to adapt it to the circumstances that arise throughout the year, whether planned or unforeseen.
How to start an annual expense planner?
Something you will need to start your planner is to gather and save all the account statements, tickets, receipts and information that could be useful to you.
In case you share expenses with other people like you couple, rental partner o familiar It is advisable that you agree to gather in one place the papers that you will occupy to feed your planner or each one can make a individual planner.
Another important thing to do before starting is to determine what the money receipts from which the planner will be assembled, can be fixed expensesby season o unforeseen events.
Indicators of your planner
The state of your finances will be measured according to the traffic light colors month after month, the ideal is that you keep your numbers in green; However, this may not always happen and you will have to make adjustments.
Rojo
It means you have too many expenses and your savings level is at zero, in this case seek to reduce unnecessary expenses to avoid reaching the end of the month with just enough or with debts.
Yellow
Yellow indicates that you are in a average spending level and you must be cautious in your financial activity.
Identify which expenses are really necessary to protect your level of savings that could be at risk in the event of an unforeseen event or exceeding your budget.
Verde
Indicates a month with few expensesbut it does not mean that you are in a position to make a large expense, the important thing about the green months is to use them to increase your level of saving to face difficult months or solve unforeseen events.
Here is an example of how you can put together your first planner
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Recommendations
The Profeco issued some recommendations When taking control of your finances with an expense planner:
- Be objective
- Detail all your expenses clearly
- Plan monthly
- Avoid impulse buying
- Add the concept of unforeseen events to your planner
- Find out how not to affect your finances
- Identify your risks
- Seek to share these actions with your entire family
