{ "id": 1454, "date": "2020-12-18T13:28:34", "date_gmt": "2020-12-18T13:28:34", "guid": { "rendered": "https:\/\/newstagepower.com\/?p=1454" }, "modified": "2020-12-18T13:43:24", "modified_gmt": "2020-12-18T13:43:24", "slug": "five-financial-tips-for-managing-money", "status": "publish", "type": "post", "link": "https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/", "title": { "rendered": "Five financial tips for managing money" }, "content": { "rendered": "

Both for personal and business management, knowing how to manage money efficiently will allow you to optimize your expenses and increase your wealth. Today it is very difficult to have a savings margin with so much financial speculation, taxes and devaluation. In this post we will give you five tips so you can manage your money.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

According to OBS Business School<\/a>, the first 100% online business school in Spain, one of the main reasons why businesses fail is due to lack of liquidity. This refers to the lack of funding. It can be generated by different factors: by an inadequate business plan or an ineffective economic management.<\/p>\n\n\n\n

It may interest you: Coronavirus and business: an obligatory leap towards digitization<\/a><\/p>\n\n\n\n

How to manage my money well?<\/h2>\n\n\n\n

When we are developing a business, not all of us are lucky enough to have an expert who helps us manage our money. Having an accountant on the team is of great help, but if we don’t have one, it is important to take due time analyzing our resources, our objectives and our actions to achieve it. In this way, we will know where to invest our money and for what. But, to boost you a little more, we leave you some tips below:<\/p>\n\n\n\n

Engineer a business plan<\/h3>\n\n\n\n
\"\"<\/figure><\/div>\n\n\n\n

It may seem a bit obvious and yes, but it is essential. Have a business plan that includes:<\/p>\n\n\n\n

-A market research to analyze the viability of the venture.<\/p>\n\n\n\n

-The fixed expenses that you will have to guarantee (services, production costs, taxes, salaries).<\/p>\n\n\n\n

-A marketing strategy (advertising, content marketing, email marketing campaigns, etc.).<\/p>\n\n\n\n

-Your available resources (the money you have to invest).<\/p>\n\n\n\n

Have a spreadsheet where you can graph your monthly expenses and be able to detail what things your money will be used for. In this way, you will be able to analyze month by month what you spent on and make sure if it was a profitable strategy or if you should review your way of distributing your expenses.<\/p>\n\n\n\n

Do not depend on external financing<\/h3>\n\n\n\n

When we are developing a business, it is common to ask for loans to cover initial expenses, which are usually quite high. But, it is very important to try to avoid external loans or financing as much as possible. Why? Because in the event of an eventuality, it may happen that later not only can we not recover the money invested, but we can also end up in debt.<\/p>\n\n\n\n

Loans are a double-edged sword. They may seem convenient at the beginning but when we cannot pay them, the interests end up liquidating our business project.<\/p>\n\n\n\n

Save<\/h3>\n\n\n\n
\"\"<\/figure><\/div>\n\n\n\n

This step can be quite difficult because we usually take advantage of every penny we have to invest and pay off old debts. But it is always advisable to save 10% of our earnings for possible eventualities. Let’s agree that we have a business that uses specialized machinery for the production of the articles and breaks. We must cover that expense but in the absence of money we fall into a loan that, as we mentioned earlier, is not recommended. Therefore, having a reserve of money for these situations will save us the trouble of having to go into debt.<\/p>\n\n\n\n

Research about different means of payment for your clients<\/h3>\n\n\n\n

When you start marketing, your potential customers want alternatives to pay for your products. With debit and credit cards, interest-free fees, free shipping. And all that involves our money. Some payment platforms such as PayPal imply a tax burden that withholds part of our earnings. With which it is important to investigate which is the platform and the most convenient payment method for your clients and for you and that they do not involve a significant loss of money.<\/p>\n\n\n\n

Use financial management platforms<\/h3>\n\n\n\n

Although the most classic and traditional method is the famous spreadsheet, there are applications that can help us manage our money. These allow you to activate payment reminders so that you do not miss the collection dates, payment of services, taxes and etc. It also allows you to analyze the movements of your bank accounts and cards so that you will have detailed in one place, all your activities to facilitate your work.<\/p>\n\n\n\n

Research and find out which is the one that best suits your possibilities and needs. And, above all, make it easier for you to use.<\/p>\n\n\n\n

Recommended: Four useful tips to know if you should invest in business<\/a><\/p>\n\n\n\n

New Stage Power<\/h2>\n\n\n\n
\"\"<\/figure><\/div>\n\n\n\n

From New Stage we want to transmit our business and digital marketing knowledge so that you can use it in your commercial strategies. That is why our associates receive personalized advice to be able to adopt tools that are useful when marketing our products on the way to financial independence. Knowing how to manage money is one of our essential steps.<\/p>\n\n\n\n

If you want to belong to the family of digital partners, do not hesitate to contact one of our agents to introduce you to the world of online sales. Success is at your fingertips.<\/p>\n\n\n\n

\n

Contact us today!<\/p>\n\n\n\n

\n
Get in touch<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

Don’t wait to develop your business to know how to manage money responsibly. It is a daily exercise that we can begin to exercise from our homes. Take care of your expenses, have a reserve against possible eventualities and keep a record. If you want a life with luxury, you must first know how to control your fixed expenses in order to grow. Everything is possible.<\/p>\n\n\n\n

\n

Learn about our business system to start earning with New Stage Power<\/p>\n\n\n\n

\n
Get started<\/a><\/div>\n<\/div>\n<\/div><\/div>", "protected": false }, "excerpt": { "rendered": "

Both for personal and business management, knowing how to manage money efficiently will allow you to optimize your expenses and increase your wealth. Today it is very difficult to have a savings margin with so much financial speculation, taxes and devaluation. In this post we will give you five tips so you can manage your […]<\/p>", "protected": false }, "author": 4, "featured_media": 1458, "comment_status": "open", "ping_status": "open", "sticky": false, "template": "", "format": "standard", "meta": { "spay_email": "" }, "categories": [ 58 ], "tags": [], "yoast_head": "\nFive financial tips for managing money - New Stage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five financial tips for managing money - New Stage\" \/>\n<meta property=\"og:description\" content=\"Both for personal and business management, knowing how to manage money efficiently will allow you to optimize your expenses and increase your wealth. Today it is very difficult to have a savings margin with so much financial speculation, taxes and devaluation. In this post we will give you five tips so you can manage your […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/\" \/>\n<meta property=\"og:site_name\" content=\"New Stage\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-18T13:28:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-18T13:43:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newstagepower.com\/wp-content\/uploads\/2020\/12\/pexels-karolina-grabowska-4968663.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"426\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Clara Montenegro\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/newstagepower.com\/es\/#website\",\"url\":\"https:\/\/newstagepower.com\/es\/\",\"name\":\"New Stage\",\"description\":\"Healthy Living\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/newstagepower.com\/es\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/newstagepower.com\/wp-content\/uploads\/2020\/12\/pexels-karolina-grabowska-4968663.jpg\",\"contentUrl\":\"https:\/\/newstagepower.com\/wp-content\/uploads\/2020\/12\/pexels-karolina-grabowska-4968663.jpg\",\"width\":640,\"height\":426},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/#webpage\",\"url\":\"https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/\",\"name\":\"Five financial tips for managing money - New Stage\",\"isPartOf\":{\"@id\":\"https:\/\/newstagepower.com\/es\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/#primaryimage\"},\"datePublished\":\"2020-12-18T13:28:34+00:00\",\"dateModified\":\"2020-12-18T13:43:24+00:00\",\"author\":{\"@id\":\"https:\/\/newstagepower.com\/es\/#\/schema\/person\/06929e9dc85339d3121ba5e684463599\"},\"breadcrumb\":{\"@id\":\"https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/newstagepower.com\/es\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Five financial tips for managing money\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/newstagepower.com\/es\/#\/schema\/person\/06929e9dc85339d3121ba5e684463599\",\"name\":\"Clara Montenegro\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/newstagepower.com\/es\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/newstagepower.com\/wp-content\/uploads\/2020\/09\/WhatsApp-Image-2020-06-27-at-20.16.47-100x100.jpeg\",\"contentUrl\":\"https:\/\/newstagepower.com\/wp-content\/uploads\/2020\/09\/WhatsApp-Image-2020-06-27-at-20.16.47-100x100.jpeg\",\"caption\":\"Clara Montenegro\"},\"url\":\"https:\/\/newstagepower.com\/en\/blog\/author\/clara2\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->", "yoast_head_json": { "title": "Five financial tips for managing money - New Stage", "robots": { "index": "index", "follow": "follow", "max-snippet": "max-snippet:-1", "max-image-preview": "max-image-preview:large", "max-video-preview": "max-video-preview:-1" }, "canonical": "https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/", "og_locale": "en_US", "og_type": "article", "og_title": "Five financial tips for managing money - New Stage", "og_description": "Both for personal and business management, knowing how to manage money efficiently will allow you to optimize your expenses and increase your wealth. Today it is very difficult to have a savings margin with so much financial speculation, taxes and devaluation. In this post we will give you five tips so you can manage your […]", "og_url": "https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/", "og_site_name": "New Stage", "article_published_time": "2020-12-18T13:28:34+00:00", "article_modified_time": "2020-12-18T13:43:24+00:00", "og_image": [ { "width": 640, "height": 426, "url": "https:\/\/newstagepower.com\/wp-content\/uploads\/2020\/12\/pexels-karolina-grabowska-4968663.jpg", "type": "image\/jpeg" } ], "twitter_card": "summary_large_image", "twitter_misc": { "Written by": "Clara Montenegro", "Est. reading time": "5 minutes" }, "schema": { "@context": "https:\/\/schema.org", "@graph": [ { "@type": "WebSite", "@id": "https:\/\/newstagepower.com\/es\/#website", "url": "https:\/\/newstagepower.com\/es\/", "name": "New Stage", "description": "Healthy Living", "potentialAction": [ { "@type": "SearchAction", "target": { "@type": "EntryPoint", "urlTemplate": "https:\/\/newstagepower.com\/es\/?s={search_term_string}" }, "query-input": "required name=search_term_string" } ], "inLanguage": "en-US" }, { "@type": "ImageObject", "@id": "https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/#primaryimage", "inLanguage": "en-US", "url": "https:\/\/newstagepower.com\/wp-content\/uploads\/2020\/12\/pexels-karolina-grabowska-4968663.jpg", "contentUrl": "https:\/\/newstagepower.com\/wp-content\/uploads\/2020\/12\/pexels-karolina-grabowska-4968663.jpg", "width": 640, "height": 426 }, { "@type": "WebPage", "@id": "https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/#webpage", "url": "https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/", "name": "Five financial tips for managing money - New Stage", "isPartOf": { "@id": "https:\/\/newstagepower.com\/es\/#website" }, "primaryImageOfPage": { "@id": "https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/#primaryimage" }, "datePublished": "2020-12-18T13:28:34+00:00", "dateModified": "2020-12-18T13:43:24+00:00", "author": { "@id": "https:\/\/newstagepower.com\/es\/#\/schema\/person\/06929e9dc85339d3121ba5e684463599" }, "breadcrumb": { "@id": "https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/#breadcrumb" }, "inLanguage": "en-US", "potentialAction": [ { "@type": "ReadAction", "target": [ "https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/" ] } ] }, { "@type": "BreadcrumbList", "@id": "https:\/\/newstagepower.com\/en\/blog\/five-financial-tips-for-managing-money\/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https:\/\/newstagepower.com\/es\/" }, { "@type": "ListItem", "position": 2, "name": "Five financial tips for managing money" } ] }, { "@type": "Person", "@id": "https:\/\/newstagepower.com\/es\/#\/schema\/person\/06929e9dc85339d3121ba5e684463599", "name": "Clara Montenegro", "image": { "@type": "ImageObject", "@id": "https:\/\/newstagepower.com\/es\/#personlogo", "inLanguage": "en-US", "url": "https:\/\/newstagepower.com\/wp-content\/uploads\/2020\/09\/WhatsApp-Image-2020-06-27-at-20.16.47-100x100.jpeg", "contentUrl": "https:\/\/newstagepower.com\/wp-content\/uploads\/2020\/09\/WhatsApp-Image-2020-06-27-at-20.16.47-100x100.jpeg", "caption": "Clara Montenegro" }, "url": "https:\/\/newstagepower.com\/en\/blog\/author\/clara2\/" } ] } }, "jetpack_featured_media_url": "https:\/\/newstagepower.com\/wp-content\/uploads\/2020\/12\/pexels-karolina-grabowska-4968663.jpg", "_links": { "self": [ { "href": "https:\/\/newstagepower.com\/en\/wp-json\/wp\/v2\/posts\/1454" } ], "collection": [ { "href": "https:\/\/newstagepower.com\/en\/wp-json\/wp\/v2\/posts" } ], "about": [ { "href": "https:\/\/newstagepower.com\/en\/wp-json\/wp\/v2\/types\/post" } ], "author": [ { "embeddable": true, "href": "https:\/\/newstagepower.com\/en\/wp-json\/wp\/v2\/users\/4" } ], "replies": [ { "embeddable": true, "href": "https:\/\/newstagepower.com\/en\/wp-json\/wp\/v2\/comments?post=1454" } ], "version-history": [ { "count": 3, "href": "https:\/\/newstagepower.com\/en\/wp-json\/wp\/v2\/posts\/1454\/revisions" } ], "predecessor-version": [ { "id": 1463, "href": "https:\/\/newstagepower.com\/en\/wp-json\/wp\/v2\/posts\/1454\/revisions\/1463" } ], "wp:featuredmedia": [ { "embeddable": true, "href": "https:\/\/newstagepower.com\/en\/wp-json\/wp\/v2\/media\/1458" } ], "wp:attachment": [ { "href": "https:\/\/newstagepower.com\/en\/wp-json\/wp\/v2\/media?parent=1454" } ], "wp:term": [ { "taxonomy": "category", "embeddable": true, "href": "https:\/\/newstagepower.com\/en\/wp-json\/wp\/v2\/categories?post=1454" }, { "taxonomy": "post_tag", "embeddable": true, "href": "https:\/\/newstagepower.com\/en\/wp-json\/wp\/v2\/tags?post=1454" } ], "curies": [ { "name": "wp", "href": "https:\/\/api.w.org\/{rel}", "templated": true } ] } }