If you have a family, everyone must participate, no one can do all the work alone. Make sure your partner and children, understand that the family is having financial problems and they all must meet a series of steps to help them recover.
1. Make a realistic budget and stick to it. That includes a periodic check and adjustment of their numbers and spending habits.
2. Do not buy impulsively. When you see something that has not planned to buy, avoid doing so, think twice.
3. Avoid liquidation. Buy something $ 20 cheaper may mean an unnecessary expense.
4. Tailor your insurance to their abilities.
5. Buy something they can afford at the moment. Do not pay expenses in the future, credit cards can betray your budget unconsciously.
6. Avoid large rent and property payments. Consider refinancing your home if payments are difficult to fulfill.
7. Avoid credit record or other guarantee. Commitments forced him as if you were the borrower in case of default by the owner. You can not put your hands in the fire for someone else’s economy.
8. Avoid relationships with people of questionable consumer habits or their relatives. If you owe, you will be responsible for the failure of others as well.
9. Do not make high risk investments. Be conservative and opt for certificates of deposit, money market securities, etc..
Find alternatives to invest their money. Instead of inviting a friend to eat an expensive restaurant, take a picnic, take advantage of public parks, libraries and put all your ingenuity to work for your family budget.
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