Beyond what you earn, it is always possible to save. Contrary to what many people think, it is not necessary to be an expert in finance to make your salary and devote it to whatever you set out to do.
It is not a difficult task, but it needs discipline. Here are some tips for you to adopt this healthy habit for your pocket, and forget about the sufferings of always being in debt.
The key is to be clear about your expenses and to prioritize. This will help you have more control over your money.
Evaluate your finances
The first thing you have to do to manage your money well is to make a list of all your monthly expenses prioritizing the most important ones.
Exactly, you need a budget! Create a spreadsheet that stipulates in detail all the fixed expenses you have per month and when they expire, so as not to have unforeseen payment delays.
It is as simple as important to evaluate your finances in terms of income, expenses, and debts. The idea is that you have more control over each of the items you spend monthly.
Ask yourself if what you are about to acquire is really necessary, and if it will be useful to you. And keep in mind that buying with a credit card generates an interest, so the purchase becomes more expensive. Use it only for the absolutely necessary.
If you are not able to control your impulse to buy, it is better that you leave credit cards at home and carry only the necessary money you calculate that you are going to spend.
And if they increase your salary, try to continue living with the same salary as before. That is to say, pretend that they did not increase it and allocate that rest to savings.
Cut some expenses
Find ways to cut your expenses. There are several ways to save money per month, you earn what you earn.
Save on service consumption
This is another alternative that, if it becomes custom, will make you see your most bulky pocket at the end of the month.
Start with the simplest recommendations to save utility bills: turn off the lights you do not use, do not leave the computer on when it is not in use, close the tap while brushing your teeth, use low consumption light bulbs where they are longer turned on, and periodically defrost the refrigerator so that the engine does not overwork.
The iron is one of the appliances that consumes the most light, therefore, try to iron the clothes that really need it. The air conditioner is of course another great energy waste, so they recommend regulating the temperature and avoiding having it constantly on.
Another way to cut daily is to take your cell plan to a minimum, which you have a fixed expense per month. Do not use open plans, as they will make you lose control.
The best way to not find yourself in trouble, and not have to go out urgently to borrow money, is to be aware of how much you can spend.
Be aware of how much money you are earning, what kind of luxuries you can give yourself, and whatnot. Pay special attention to the use of credit cards, avoid them as much as you can so as not to run into impossible interests.
Once you acquire the habit of saving, you will be surprised at all the extra money you will save for future investments that are worthwhile.
Now you know that it is possible not to drown in a sea of debts. I put these tips into practice and enjoy your income and your saving capacity.