Next Monday will be the return to classes for basic education students, in this sense, the National Alliance of Small Traders (ANPEC), estimated that families will spend more than 5,000 pesos for each child in the purchase of uniforms, shoes, backpack, tennis shoes, school supplies, school fees, medical certificate and sanitizing material.
However, given the increase in cases due to the third wave of coronavirus, many parents have chosen to maintain a hybrid scheme of face-to-face and online classes, despite this, the expenses will be maintained.
In this sense, if you plan to acquire financing it is important that you evaluate your ability to pay, since failure to do so will increase the existing debt (if you have them), make it difficult to pay and generate a bad score on your credit history.
Before opting for a loan to cover expenses, make a budget, to identify if there are money leaks that you can eradicate.
“In this way you will know what your net income and your fixed expenses are. (…) you can identify what you are overspending on and in which items you can save. Check what the priorities are and focus on paying the debts ”, advised Fernando García, Head of Growth of the Coru portal.
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