@LeticiaPereira 6 May 2025

Sorting out my accounts - Personal Finance

**Personal Finance** The term "finances" is associated with all those activities that we carry out and through them, we generate money; for many it is a taboo subject to talk about openly, due to what it implies to touch this point in front of strangers or with people who are not part of our intimate family circle. It is no secret that in Venezuela, the income from wages and salaries is very low and deficient, however, many of us have had to resort to different options to obtain a little extra income, as in the case of small businesses: ladies who mend clothes or make food and desserts, artisans, young people who shop for the elderly, among hundreds of other trades, have developed due to the crisis and we all know that in this type of situation, there is always an opportunity. **Manage Resources** Like every first of every month, I usually start the "accounting notebook"; an instrument that has helped me to keep fixed expenses under control and to be able to deal with unforeseen events that may arise; I also keep an additional percentage to be able to enjoy with my family: not everything is about paying debts and commitments. It doesn't matter if it is digital or manual, the important thing is to be able to keep track of all the expenses and income that we make on a daily basis, so I'm going to leave you with these small recommendations that have allowed me to keep control of my finances. **Registration and Control** The first thing we need to sort out at home is the money that comes into the household: ideally, each contributor should be aware of his or her role at home and distribute responsibilities equally. I always apply the 50-35-15, which corresponds to the percentage that my husband and I divide the responsibilities between us: 50% of our salary is to pay the common expenses of the house; in case there is "some money available", it is set aside for NET home repairs. 35% of our salary is for our personal expenses; whatever money is left over is saved to cover other personal needs. 15% is EXCLUSIVELY for savings, transformed into foreign currency or invested; it is never left at home, for security reasons. Now, I invite you to put your money in order, so you become more aware of what you really need and also to set new goals for yourself: 1 Try to keep a record of all your income: Salaries (if you are an employee), Income from content creation (example: Hive, LeoFinance, etc.) Income from running your business Additional income (contribution from family members, fortuitous gains, etc.) 2 In a notebook that you will always carry with you, write down all your daily expenses: Payment for public transport, petrol, meals or snacks bought for yourself or for others, snacks that provoked you, etc. Relevant purchases: food for the household in general, pet care, school fees, utilities, scheduled repairs, purchase of merchandise for your business, etc. 3 At the end of the month, take stock of how much you spent consciously and what is superfluous, identify that new project you want to do and put a savings plan in place. No matter the amount: you can't imagine what that "insignificant" $2 every time you have a coffee a month does, when you can do it and carry it yourself. 4 Maintain an optimal level of credit, keep your payment agreements with your creditors, not only will it leave a good image of you, but they will always believe in your word and there will never be anything missing from your table. I know many will call me a money grubber, but believe me, I have been able to handle emergencies this way. Thank you very much for being here and reading my publication, I hope it will be of great help at this time; I understand that these are difficult days, but there is nothing left but to continue working in an honest and ethical way. See you soon! @leticiapereira- Original Content 📷 HuaweiY9 - 2019 🇻🇪 🔁 🇺🇸 Deepl Filters: Google Photos https://peakd.com/@leticiapereira https://www.deepl.com/translator