Before you start saving, you need to think that the benefits will come at the medium and long term. The human being works with reward 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 that none of that is bad, but if done without planning, it can become a real torment for your personal finances. The tip ends this reward system and starts thinking medium and long term.
Save 10% of the salary and revolutionize your personal finances
Do you know that story that several drops together form the ocean She very true when it comes to personal finance? The daily cents, coffee and small change start to be valued when they are properly registered. Are you s value the money you know you are losing, therefore, if you have no idea how much you spend on snacks during the week, you cannot value that money? No Oh a certain amount that should be saved, but It is possible to start with 10% of your gross salary and gradually increase. So, start accounting for any expenses from now on. spends 20% of your salary on entertainment, the Good Lenders can allow you to visualize, but start planning your finances according to the categories of expenses. In this step, Good Lenders will help you a lot. If you arrive at the conclusion that you spend a lot of money on snacks away from home, It’s time to think about simple, healthy alternatives that will make a difference at the end of the month. How about buying wholegrain bread, white cheese, tea and fruit and making your own snack Then do the math again and see how much you saved.
Know the weight of the unexpected
Some families even they manage to keep their finances up-to-date, but they slip up at the time of the unexpected. No one knows when you will need to spend on medicine, a dentist, an emergency trip, so You need to consider these cases when conducting personal finance. To do this, have a financial reserve of about 30% of your gross salary. Are you can separate the amount allocated savings for a specific purpose (changing the car, vacation or a course) (20%) and having a reservation for urgent needs (10%). That way, you avoid embezzling the savings every time an unforeseen event appears. In this post, you learn to make that kind of reservation.
Remember that everything can be negotiated
Another factor that erodes personal finance the comfortable position with which some people deal with their financial life. If you are you paying interest on the overdraft, exchange that debt for another with lower interest rates. Get a cheaper credit line and eliminate more expensive debts. Sometimes money is lost due to lack of initiative and laziness to negotiate, but everything can and must be negotiated. Another example is the home bills. If the phone bill is up very high, change plan or operator and negotiate better conditions.
Telephone operators and credit card companies are the record holders of complaints in consumer protection agencies, so why I need to be aware of them. If the electricity bill rates are also high, negotiate a joint savings plan with the family itself, which includes reducing the bath time and changing the lamps. house by the led ones. Set goals and cover everyone in the family with a more economical and conscious attitude. Are you willing to work miracles in your financial life Then follow this and other tips from Good Lenders?