Today we are here to talk about how important it is to optimize our personal expenses and finances, since it is fundamental to be able to obtain a good financial ability 📈 Do you want to know why? We’ll tell you all about it below.

We are sure that you attach a lot of importance to your income, but have you ever stopped to think that the size of your income does not have to be strictly related to your savings? Not because we earn more, our level of savings will be higher. It is very important to know how to optimize our expenses and to have a good organization of the income.

Imagine that you win the lottery or an inheritance, the temptation to buy what we want is very great, but sometimes you have to know how to control your impulses so as not to end up with nothing. That is why it is very important to have a good knowledge or a good financial education in order to get the most out of your money. 

For that reason, we leave you with a technique that can help you optimize your expenses. Keep reading to find out what it is 👇  

To begin with, the first thing you should do is list all your expenses, when we say all, we mean EVERYTHING, even that silly purchase, since, throughout the month and even the year, such whims can take their toll. 

Therefore, secondly, you should group together recurring expenses such as: mortgage payments, rent, receipts or loans. Once you have made the list, you should separate the expenses into 3 large groups: 

Unavoidable, Improvable and Avoidable. And now you will surely think, what is the difference between these three groups? Here we explain it to you:


Unavoidable: We are talking about those fixed costs that you cannot afford to miss, those that are not sensitive to change and are usually invariable. For example: the mortgage.

Improvable: Those expenses that do not have to be always the same and that even, thanks to the law of supply and demand, you can find at different prices to choose the one that best suits your finances. For example: water, electricity, car insurance or telephone.

Avoidable: They refer to expenses that we do not necessary need in order to live, because if you eliminate them you are not affected. They are those payments known as “whims”, which are not bad from time to time, but at an excessive level could affect your economy.  For example: eating breakfast in the cafeteria every day instead of at home. With this we are not encouraging you to give up your little pleasures in life, we are simply inviting you to have a responsible control over them.

Once this classification is made, you will be able to observe, not only all the money you could be saving, but also how to do it in order to improve your financial capacity, by earning exactly the same amount and also, how to manage your money in order to create parallel assets that will increase that level of income.