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Learn to save: The dangers of funding

When buying a new car, a vacation or living room furniture is custom borrow money or seek some kind of special funding to pay slowly. This is the typical mistake is thinking that they are saving, since the sensation to make small payments each month is that it costs less. How many times have we heard the phrase "I can not afford to pay 4,000 euros, but if 200 per month"?

Well, the fact is that by paying 200 a month, when we finish with the financing will have paid far more than the 4,000 euros it cost product in principle. Interest hauling to pay in "convenient installments" unnecessarily expensive purchase; being poor is very expensive, and they take advantage. Therefore, it is always advisable not to fund purchases, or at least try to fund a minimum. You at this point, many will say now: And where I get the money to pay for one?

The dangers of funding you just need a little early and save money before making a purchase; ultimately purchase program. Or if you need today for today, have saved before. It sounds obvious and hard to get at the same time, almost as an insult to the reader. But if the trend of finance purchases is not cut and start saving without realizing we are hipotecándonos the future because we will always be in a situation where our savings will be zero, since we are we spending all in interest. So how can we save money?

This is to allocate a portion of salary savings immediately after receiving the salary, before addressing all payments. The idea is to transfer to a savings account part of the salary nothing to recover it; after paying debts and expenses and live with leftovers. A good way is to ask your bank to withhold part of the salary for you to decide as it enters your checking account, so you make sure to save something every month and try to live with the rest. Thus, the money never comes into your pocket and there is no temptation to spend it.