The problem of lack of funds worries not only people with minimum wage.
Your salary may be decent, but at the end of the month you are constantly getting into debt.
That is why it is so important to learn how to manage your budget in order to be able to satisfy your own needs and put some money aside as a “safety cushion”.
Keep track of your expenses
Can you tell me right now how much you spent on food last month? And how much you spent on entertainment? You probably don't know.
In this case, start writing down all your expenses, taking into account even small expenses.
In a couple of months, you will be able to review your notes and understand why you don’t have enough money for something you really need.
Control your daily expenses
Set aside an amount you are willing to spend in one day. Don't exceed the set limit. And if you do buy something extra, reduce the set amount on other days.
Allow yourself small joys
Otherwise, you'll still go broke, only to spend most of your budget.
Put aside about 10% in a bank account
You will feel sorry to withdraw this money to buy some useless trifle. But if you really need it, you can always take it back.
Spontaneous spending, and especially shopaholism, is one of the main reasons for a lack of funds. After all, you don’t need the thing itself, you just wanted to make this purchase. And under the influence of such a desire, you waste money. Think about why this happens.
Maybe there are areas of your life where things aren't going well. Or maybe you haven't set goals and don't know what you're aiming for. Maybe you have some other problems that you know about.
In this case, keep in mind that endless shopping will not solve your problems. You will only add an additional problem to yourself. When you need something, you simply will not have enough money for it.
If you need to buy something expensive, don't take out a loan, it's better to save up the necessary amount yourself.
When you get your paycheck, first of all, put aside money to pay bills and food. This amount should not be touched.
Go to the store with a list. Don't allow yourself to buy anything extra.
If you find personal budgeting too complicated, use special programs for this. They will really simplify the task.
Earlier I talked about how to properly distribute your finances.
