While eliminating ant expenses altogether is almost impossible to do, there are ways to change financial habits.
5 min read
The opinions expressed by employees are personal.
Ant expenses are those disbursements that are generally considered insignificant since they are minimum amounts that are spent daily, however, they come to represent up to 12% of the annual income of a worker, according to Condusef.
These types of money leaks have a negative impact on the personal or family economy in the medium and long term; For example, if a person earns 10 thousand pesos, it would be estimated that he has money leaks of at least 1,200 pesos per month, that is to say almost 15 thousand pesos per year that are spent on ant expenses.
“Ant expenses are a waste of money that undermines our income. We all lose a little money dropper, the important thing is to recognize that not all disbursements are equal and learn to identify expensive and unnecessary expenses to stop that leak, ”warns Luis Madrigal, director of. “One of the main problems we have when it comes to saving is not knowing exactly where the money leak is. We may have clear our fixed expenses, but the same is not the case with the minimum expenses that we do not record on a day-to-day basis, ”he adds.
These types of expenses vary by person, the key is to keep an individual control. It is advisable to write down all the daily expenses during the week: from the coins that we give to the supermarket packer to the payment of Uber, the morning coffee, or the commission they charge for using the card at the cashier.
Once you have that record, it adds to those expenses that must be made in the middle or end of the month (Netflix, Spotify, credit card, rent) to have the total. This will make it easier to locate expenses that are affecting income to pay off important debts.
Important: an ant expense is an unnecessary expense, although the expenses that became a habit and are considered a necessity also come in; Examples are the taxi or the things that are bought daily at the 'little store' for breakfast, as well as the digital expenses, which are not “seen” because no cash is used to pay them.
While eliminating ant expenses altogether is almost impossible to do, there are ways to change financial habits and cut some daily expenses, especially those that most affect the personal and family economy, such as the following:
1. Bank fees
The most expensive commissions are usually the surcharges for replacement of cards due to theft or loss, additional account statements, provision of cash credit, annuity of credit cards, transfers to other banks and issuance of a certified cashier's check.
Avoiding the payment of these commissions is possible knowing how to organize; besides avoiding making transactions or using ATMs of different banks.
An additional recommendation is to look for a credit card that does not charge an annuity and avoid paying interest for paying the minimum amount of plastic.
2. Tastes “guilty” linked to health
This category is mainly the consumption of tobacco and alcohol, which, in addition to being expensive expenses, generate negative effects on health. It should be remembered that as of 2020, the IEPS tax increase of 0.49 pesos per cigar was approved. While soft drinks increased from 1.17 to 1.26 pesos per liter and a 4.5% tax on the sale price of most alcoholic beverages was authorized.
3. Entertainment and streaming expenses
According to a survey published by Coru and BradEngagment, 45% of Mexicans have hired at least one streaming service (whether to watch movies, listen to music or other entertainment), while in the centennial generation (born from 2000) videogame consumption represents one of the main investments of your time and money. That without considering apps or games that are not used or trial periods that do not cancel. These expenses are those that must be identified and put on the red list to eliminate them.
4. Service apps
At least 33% use some type of private transport service such as Uber, Cabify, according to a survey by Coru and Brad Engagment, while millennials use food delivery services at least once a week (36.5%) , more than once (14.5%), once every two weeks (19.5%), and 29.5% say they do not usually use these services. The risk of small consumption through apps is that they are not “seen” with the naked eye, until the account statement arrives, so it is advisable to uninstall the mobile apps, and assess which are really essential to pay.