So far this year and according to the figures of the Financial Superintendence, 95% of Colombians are up to date on their debts.
If you do not yet belong to that group, you may need to start changing your financial habits
Paying on time brings more benefits than you think, including forging a positive credit history and accessing more competitive interest rates.
That is why, although it may cost you, it is advisable to do everything possible to meet the deadlines established in your credits. But if this is still a problem for you, take note of these four basic recommendations to achieve it.
1. Respect your budget
Once you have created your budget, make every effort to respect it and do not get caught by the ant expenses or the whims that usually arise.
2. Do not use your credit card too much
Remember that it is not extra money, but a mini ‘loan’, because you will still have to pay it back once your payment date arrives.
3. Prioritize your expenses
If for any inconvenience, it is not enough to pay all your debts, choose to cancel first the one with the highest interest rate, thus avoiding paying a very high default.
4. Do not restrict yourself at all
It’s okay to try to save and follow your budget, but just as no diet can be so strict, no financial regime can be either. Once a month, give yourself freedom for a taste and include it in your budget so you don’t take it off guard.
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