Without expense control and financial discipline, it is difficult to achieve good financial health. But for that, it is necessary to have a balance between income and expenses in personal life.

Here are 4 tips to help you keep your finances organized:

1. Make good financial planning: have short, medium and long term goals. These goals cover all plans such as buying a house, car or any good whether it is of small or high value.
2. Take control of monthly inflows and outflows: organize all your monthly income (what you earn) in a spreadsheet or the way you see fit, and write down all fixed bills and extra expenses. This increases your spending control, giving you an overview of the month and helping your planning.
3. Maintain an income-friendly standard of living: the smart thing is to live one notch below what you can. Always set aside a portion of your monthly income for investments and emergency reserve.
4. Avoid credit cards, term purchases and interest payments: this leverages your spending and can harm your planning, making you lose yourself and spend more than you earn.

These are simple tips, but if applied effectively, they have the power to help you transform your financial life.

Set goals and set values. Start 2021 with finances organized.