Financial security is relevant to all families. Knowing that you have the resources to cover all your needs alleviates stress and allows you to make significant decisions about what you want for your future and that of your family. The concept that we commonly associate with financial security is saving: saving is important to achieve greater benefits, but in itself does not guarantee stability.

To make your money grow and have what you need, not only now but in the future (when you want to retire, or when it’s time for children in your family to go to college), it is important to balance four factors: planning, saving, investment and protection. These four elements are basic to the growth of your resources, so you can get the most benefit from the fruits of your labor. Let’s see in detail what each one of them is about:


To achieve your goals, it is important that they are clear. What are your goals? For what do you think you'll need your resources? What you will have to carry out to achieve them? Good goals are clear, achievable, measurable and have a time limit. You can set short, medium and long-term goals. It is very important that you follow up your progress and keep the motivation despite the obstacles that may arise.

Planning is essential to know how much to save and how much to invest, to understand how to protect your money and for what you think you’ll use it. Without planning, resources dilute and it is likely that you won’t see the fruits of your labor.


Once you have established your goals, it is important to know what you need to achieve them. Saving is the key to gather enough resources for your family growth. It is advisable to save between 10 and 15% of your salary, so the amount grows monthly. Establish a discipline related to your savings and try not to touch that money until you meet your desired goals.

In addition to saving, it is important to share the saving discipline with the children in your family. Teach them that in order to achieve important goals, we need to wait and have discipline. This way, when they are older, it will be easier for them to manage their own finances.


To make your money grow, saving is not enough. There are many ways to invest, and each one has distinct characteristics: higher or lower risk, more performance, different terms, etc. Learning about investment is vital, so you can select the type of investment that suits you and which is best suited to your lifestyle.


Good management of finances involves the concept of protection. It’s very important to protect your resources: you do not want to lose what you achieved through your hard work. Protection involves elements such as insuring your property and your person, and carrying out the necessary legal procedures so that your money is used as planned. That is why is so important to make a will, or sign a prenuptial agreement if you are going to get married. Remember that you don’t know what will happen in the future and protecting your resources now is the only way to make sure you have them when you need them.

While it is true that saving is extremely important to maintain healthy finances, planning is another key aspect. Planning involves having a clear and realistic knowledge of our income, our expenses, and the needs we must meet; in addition to setting the critical path to achieve our purposes.

Getting started is simple: you need to know how much you earn and how much you spend. Make a list of all your monthly fixed expenses to realize the aspects in which you can save and avoid unnecessary expenses. Saving has more sense through planning: if you clearly know what your goals are and how much you need to achieve them, it will be much easier to set aside fixed amounts monthly.

Planning is very important to have enough income for the future. It is crucial to consider that your financial needs will not be the same within ten or fifteen years. If there are young children in your family, for example, it is important to make sure you have the necessary funds so that they receive a good education when the time comes. On the other hand, you will have to think about your own future and take care of your pension fund, to be sure that your lifestyle will be possible once you retire.

Planning your finances is an activity that does not take much time and all members of a family, according to their age and possibilities, should be involved in the process. Thus, the children will learn that it is important to prevent and save for unexpected situations; and they will also understand that sometimes it’s convenient to abstain from a current purchase to achieve another in the future.

In order to plan, it is very important to set goals and keep track of your process to achieve them. Financial goals should be measurable and clear, and it is best to establish time limits so that they remain valid. Another fundamental aspect of a goal is that it must be achievable and realistic; otherwise, you will lose the motivation you need to achieve it. Help your children to set good financial goals and allow them to enjoy the benefits of reaching them. In this way, they will be implementing financial knowledge that will be essential during their adult life.