If the people who do not pay or pays them the month ends with the budget limit , heed these tips to achieve balance in your financial life. It has been detected from the financial institutions that many people have a big mess in your financial life . So the Andean Foundation University and Polytechnic Grancolombiano with contributions from Western Union has created a chair in ' Financial Education for Social Inclusion ' , and today awarded ten tips , misappropriated this . Neyla Leon, Head of Banking and Financial Services Grancolombiano Polytechnic , shares 10 tips that everyone should keep in mind to manage your personal finances : 1. Prepare a personal cash flow according to income, family and personal costs. Two . Make a list of expenses, prioritize them according to degree of importance and value to basic needs such as food, housing, clothing and transportation , are always covered . Three . Estimate cashflow , costs recreation contributing to personal and family development . April . Include in planning additional costs as gifts and invitations. May . Allocate 10 to 30 % of income to savings , will serve for purposes of education, travel and property acquisitions in the future. 6. Target a contingency item 5 or 10% of income will be essential when least expected . 7. They compare alternative savings in various financial institutions , will help establish the form of savings in accordance with the objectives and risk profile. 8. If foreign money received must be included in income , but if shipping out of the country is the transaction costs of rotation must be taken into account. 9. It's important to banking products for handling money and to be able to access credit . 10. Finally , financial success is to manage credit not exceeding twice the value of the income , pay on time and fees that are set according to ability .