Many families, especially those who get monthly income, they run into trouble when it comes to managing money to pay the expenses for the entire month, until reenter income at home the following month. We then say that is not reached this month. There are many expenses that must be addressed (mortgage, car, food, transportation, schools, etc).
Can we do something to avoid these economic burdens?

Without attempting now to be wizards of finance or give fantastic recipes, we describe some aspects that can help us improve our situation.

Obviously, the main solution would be to increase revenue and lower costs.

As for increasing revenues, will be something in the medium term, and may go through trying to improve our technical or academic training to try to improve our jobs and our wages, or find another job with better economic conditions.

The second part, to reduce expenditure, we can implement more effectively and immediately.
Draw up a monthly budget

Our plan goes through make a monthly budget.

Even if we think we control the costs, having a plan and carry it out scrupulously help us much.

First, will the total family income. If income is variable, will an average amount prudent not excessive.

As for fixed costs, we must take into account that are inexcusable and must be paid: electricity, water, telephones, gas, mortgage and other loans, neighborhood community, food, transportation to work or school runs. We will add these expenses and that amount will be untouchable.

If on something, we’ll leave for variable expenses. This remnant will use it only for unforeseen unavoidable: drugs, school materials, etc. Try not to spend just to see if we are more at ease.

There are many ways to stretch this money for nonessential expenses. We leave the coffee bar and take it at home (20 days of coffee = 24 €), breakfast not out (20 days x 3 € = 60 €), leave the car at home and cycling to work (saves time, money and stress), or using public transport with their subscriptions. We can buy food at the cheapest. And going out to dine out at the end of the month, when we see that we have a little extra money. We can also try to reduce fixed costs, such as consumption of light: is it really necessary to have the air conditioning to 16 degrees? It is not even healthy. Or heat in winter to 26 degrees to go home in short sleeves? Perhaps we can have at 21 degrees, and go with our very comfortable robe. If we put energy saving light bulbs, save on the bill within the year. Is it necessary to speak both the phone? We’ll have to get a monthly ceiling and talking just enough. Putting the washer fills and using sprays on faucets also uses less water.

But the main expense faced by households is mortgage payments. Many times, your payment is almost all of our income. And people keep mortgages because the rental market does not offer much cheaper prices than mortgages. Solving this is not in our hand, but there is some way to soften the economic bleeding.

In cities, many people have traditionally gone to live in the surrounding villages, towns born the familiar bedroom. There are cheaper houses, although their prices are still soaring. In cities like Madrid or Barcelona, prices of apartments in the suburban municipalities are not very affordable. But in other provinces, you can still save a lot on housing if you’re willing to live 40 minutes away by car. You can save up to half, what will be a great relief payments in the future. And another option is to seek work in areas with cheaper housing (there are provinces with more affordable housing than others).

In short, make a budget with expenditures inexcusable and leave the rest for contingencies. Also, try to minimize the consumption of electricity, water, telephones, gasoline, bars and restaurants, etc..