How To Live Within Your Means

Gather around your financial padrinos, mijit@s. It’s time for another hard lesson about life—no, it’s not about how to avoid burning the frijoles. It’s about living within your means. We know it’s hard once payday comes and you want to spend it all on ESTARBUCS, going out, and buying fancy stuff. You’ve worked hard for your money. You should get to spend it how you want, right? 🤔 Pues, not quite.

The hard truth is that purchases start to add up quickly, and soon you’ll be like Selena singing, “no me queda más!” as you watch your hard earned money drain out of your bank account. 🏦😭

Spending money going out to eat or buying expensive clothes will make sure you don’t get ahead on your finances. Once that money is gone, you’ll have to make your leftover money stretch out until your next paycheck, and it leaves you with nothing to put into savings or investment for the future. 😦 However, no te agüites! The good news is that these can be easy fixes that you can start today! It just takes some discipline and sticking with it. 💪 Once you start making these simple changes, you’ll see your money start to grow which means a mejor future for you. 🤩

First tip, hay comida en la casa! 🏠 Plan out your meals, buy your groceries, and stick to cooking at home. Constantly going out to eat will break the bank. Now, this doesn’t mean you can’t treat yourself and go out. Make it a priority to eat at home during the week and give yourself permission to eat out with your friends on the weekend. 🍸🍷

Second, think of small, creative ways to save money. We’ll help you get started with some ideas: instead of buying bottles of water and other drinks, buy a good quality, reusable water bottle you like; instead of using your dryer, line dry your clothes; use cloths to clean instead of napkins & throw them in the washer when you’re done; or order a cheaper drink on the menu. Implementing these ideas could save you $20 or more a month which doesn’t seem like a lot, but that’s $220 yearly that you can put into investments for the future. 💸 It’s the little things that make the biggest differences. ✨

Lastly, we made it super easy to help you grow your ahorros! 🤑 Check out this easy tool to help you calculate how much you need to save a month to reach your financial goals! 😊 https://sumawealth.com/tools/savings

Once you start to make these changes into your daily life, you’ll see you have more money saved and ready to spend on things that can help you propel forward. It won’t be easy, but as your financial padrinos, we promise it’ll be worth it in the end.