Recommendations to plan your personal budget

• Plan your budget so that your real income meets your expenses and the monthly balance is positive. Once finished, try to stick to your planned budget.
• Set aside a fixed percentage of your income for savings. The discipline of this practice will allow you to meet specific goals like a new house, home improvements, vacations, and even emergency funds in case of unexpected situations.
• Maintain your accounts current and avoid accounts in arrears, which affect your credit history or add up to unnecessary surcharges- .
• Save time and money by carrying out your transactions and payments through On-Line Banking and take advantage of all its services- .
• Plan your children’s education by making a projection of the expenses that you will incur when they attend daycare/preschool, elementary and high school, university. Choose the best possible education according to your income and start to save early for this expense- .
• For college education, request more information on Banco General's Education Savings Plan.
• Be cautious. Think about retirement plans that allow you to retire comfortably in the future, and consider that the earlier you start contributing to your retirement plan, the more advantages you can obtain from them .
• If you are planning to apply for a loan this year, visit the nearest Banco General branch, and get advice on choosing a loan product that is suitable for your goals, and the adequate terms so you can obtain the funds you need, when you need them. Asking for more only raises your risk of adding more debt-.