December is historically the most complex month for personal finance. Parties, social commitments, accrued payments, and a calendar that doesn’t always coincide with when money arrives make organization more necessary than ever.
That’s how he explained it Celeste Sanchez during an interview in Channel Ewhere he stated that “The first is organization” as a starting point for spending less.
According to the specialist, unlike other months, no major cuts are possible in December. “The reality is: No, in December everything is an expense, we want to do everything or sometimes there are obligations that we cannot avoid.” he noted, warning that the earlier you plan, the better decisions can be made about the use of available funds.
The bonus and the payment list, the keys to the order
A central axis of the analysis was the strategic use of the bonus. Sanchez He emphasized that this additional income should not be diluted in an unplanned manner: “It is necessary to organize what will be done with this money, whether it is to pay off debts, for party expenses or for vacations.“.
To achieve this, he recommended a simple but effective tool: “The ideal is to make a list of all the things we still have to pay for“This survey must include both fixed and extraordinary expenses and must be compared with real disposable income.”This account should ideally give us zero“, he explained, clarifying that even a fair settlement is better than accumulating arrears that later generate interest.
The journalist also focused on those who work informally or independently and whose income arrives throughout the month. “You may need to receive income in addition to the bonus“, he emphasized, which forces us to think about money management differently than someone who receives a fixed salary in a single day.
Processes, cards and salaries that are not enough
In a context where salaries have not yet recovered the purchasing power they lost, Sánchez warned that the payment system is still designed for a different reality. “The world is still organized so that everything from 1 to 10 is paid” he explained, although he acknowledged that this logic no longer corresponds to the way many workers are paid today.
For this reason, he insisted on adapting financial management to actual cash receipts.”We cannot manage income that comes in throughout the month in the same way as someone who receives a single 1-5 salary“, he explained and warned that non-compliance usually leads to avoidable late payment interest and late payment surcharges.
Among the practical solutions, the ability to change expiration dates stood out. “There are banks that offer the option of direct home banking.“, he announced on the change in the ticket closing date. The reason is simple: “Maybe you know you’ll never collect the 2nd or 3rd amount, and by the time your paycheck arrives, the card will already have days of interest due on it“.
Ultimately, December requires good planning and conscious decisions. For SanchezThe key is not to spend less at all costs, but to spend better and proactively.
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