HOW CAN WE SAVE MONEY IN DIFFICULT TIMES?

INTRODUCTION

The money fulfill some functions in the family economy. Among them we can
mention that it is a means of payment for the exchange of goods and services, it
serves as a unit of account to determinate the price; and, as a store of value that
serves to save money and use later.

BODY

Saving money in a home is essential fundamental since this allows for the future to
invest or spend on consumption in difficult times. For this, it is essential that the
person allocate their income to consumption in an efficient and scheduled way.

In this context it is necessary to set a goal that makes it possible to establish

programmed savings. For this, a budget of family expenses must be made with well
defined ítems that allow satisfying the most bassic need of people. Among other
means to save in difficult times, you should avoid shopping for luxury goods, avoid
eating out on weekends, control your butget and, as a final goal, deposit the money
in a bank account.

CONCLUSION

Saving is important to cover the future needs sach as investment or consumption.

Saving in difficult times forces the person to adjust the budget, to avoid from
shopping the luxury goods or eating out on weekends, resulting in money stored in
a bank account.