Before you start saving, you need to think that the benefits will come from the medium and long term. Not to be immediate. The human being works with rewarding schemes: I buy the shoe now to feel happier, I travel today to reduce my stress, I reinforce the house this week for my family to be more comfortable. The problem is that none of this is bad, but if done without planning, it can turn into a real torment to your personal finances. The tip is to end this reward system and start thinking about the medium and long term. See how:
Save 10% on salary and revolutionize your personal finances
Do you know that story that several drops together make up the ocean? It is very true when it comes to personal finance. The pennies, coffee, and small change from day to day will only begin to be valued when they are properly recorded. You only value the money you know you are losing, so if you have no idea how much you spend on snacks during the week, you cannot value that money. There is not a certain amount to be saved, but it is possible to start with 10% of your gross salary and gradually increase it.
So start accounting for any spend from now on. If you spend 20% of your earnings on fun, theBank Guide may allow you to not view it, but to start plan your finances according to the categories of spending . At this stage the GuardPayment will help you a lot. Then you just leave for action. If you find that you spend a lot of money on snacks away from home, it’s time to think of simple and healthy alternatives that will make a difference at the end of the month. How about buying whole grain bread, white cheese, tea and fruit and setting up your own snack? Then recheck and see how much you saved.
Know the weight of the unexpected
Some families can even keep their finances up to date, but slip at the unexpected time. No one knows when you will need to spend on medicine, dentists, emergency travel, so you need to consider these when conducting personal finances. To do so, have a financial reserve of about 30% of your gross salary. You can separate the amount for savings for a specific purpose (change car, vacation or a course) (20%) and have an emergency reserve (10%). This way you avoid embezzling savings every time an unforeseen event arises. In this post , you learn how to make this kind of reservation.
Remember that everything can be negotiated.
Another factor that wears out personal finances is the accommodating position with which some people deal with their financial life. If you are paying overdraft interest, swap this debt with a lower interest rate. Get a cheaper credit line and eliminate the most expensive debts. Sometimes money is lost through lack of initiative and laziness to negotiate, but everything can and should be negotiated.
Another example is home bills. If your phone bill is too high, change your plan or operator and negotiate better terms. Telephone operators and credit card companies are the record holders of consumer complaints, so we need to be aware of them. If utility bill rates are also high, negotiate with the family a joint savings plan that includes reducing bath time and changing light bulbs. home by the led. Set goals and cover everyone in the family with a more economical and conscious stance.