Many people in our country live from paycheck to paycheck.
And that's not the worst quality of life. Some people can't make it to the next paycheck.
As a result, they borrow, pay back, get into debt again, and so on ad infinitum. How to break out of this vicious circle. You need to learn to save money.
The following tips will help you save:
- start writing down all your purchases. Don't miss anything, even if you think it's unimportant. After some time, analyze what's written down there. This will give you an understanding of the whole picture. And what you can give up to save money;
- planning expenses in advance. For example, you need to make a list of utility bills, phone and travel expenses, grocery shopping, etc. After making such a list, review it, maybe some of these expenses can be reduced. For example, change your mobile operator or tariff, change the light bulbs in the house to energy-saving ones, etc.;
- stop lending money. It prevents you from distributing funds wisely;
- Don't go shopping on payday. On this day you can buy a lot of unnecessary things, because it will seem like there is a lot of money. It is better to come home, make a list, pay all the monthly payments, and then go to the store;
- buy a piggy bank. You need to throw all your change there for a whole month. At the end of the term, a good sum will have accumulated there;
- it is better to keep money on a card. After all, cash is spent quite quickly. This is especially true for large purchases;
- learn to save. You can start saving small. For example, from each receipt on the card, put aside 10% in a separate account or envelope. Then you can gradually increase the size of the investment;
- give up bad habits. This will save not only money, but also health;
- Don't buy cheap clothes. Rich people don't buy cheap things not only because they are rich, but also because more expensive clothes last longer, which will save money in the end.
Compare prices
How often do you find the same thing cheaper after buying something expensive? If often, then you need to train yourself to compare prices. And what you managed to save can be put aside. This will serve as motivation that will not allow you to make spontaneous purchases.
Refusal of loans
Another trap that will bring nothing but losses to a person. Consumer loans are available today, so many people use them.
After all, you can get the desired thing now and pay later. Few people consider the interest that goes to the bank.
And if you don’t take your income into account, you can end up in a deep debt hole.
To sum it up, we can say that smart saving is a simple matter, accessible to everyone. The benefits of it are obvious. Learn to save.
Earlier I talked about why you spend more than you earn.
