Today we have to understand how to manage money. It's no secret that every person has the opportunity to receive more. The main thing is to behave correctly. In addition, some manage to live happily even at low salaries. All this thanks to competent budget planning. You need to learn how to manage money in order to create savings and attract finances to yourself. But how to do that? What should be done if a person instantly runs out of money? What tips and tricks help you plan your budget? All this will be described later.
Society problems
How to manage your personal money? Many sooner or later get acquainted with the paradoxical function of funds - no matter how many there are, there will still be few. Even with high salaries, a shortage of finances is often found.
You should not be surprised at this phenomenon. The thing is that only the right financial management will help maintain a personal and family budget. People who do not know how to spend wisely will always suffer from a shortage of money. Even if the salary level is high. Therefore, you need to think about every purchase. What tips and tricks will help you learn how to manage your personal money?
Spending - Important and Not
The first thing you can do is to analyze your daily and monthly expenses. What do people spend money on? The bulk of the funds in Russia are spent on food, taxes and utility bills. The remaining funds are either spent on personal needs, or put off.
All purchases must be divided into several categories: important, necessary, desired. Necessary expenses include obligatory expenses, without which it is impossible to live: payment of housing and communal services, taxes, transport. Important ones are purchases on which you can save, but it is undesirable to do this. The coveted category is what you want to buy. Such an analysis will help to understand what you can do without.
Planning
To be able to manage money, you need to carefully plan your budget. This advice is fundamental in attracting finance. It is necessary to record all the expenses that will definitely need to be done. In addition, budget planning helps to analyze how important things are for a person. The previous paragraph is part of the planning. You can’t do without it.
Reasonable savings did not stop anyone. This habit will help to save money at any salary. How to manage money? With reasonable savings, a person is advised to look for goods and services at sales. This is another very remarkable trick that can save you from unnecessary expenses.
Job
How to manage money? You will need to find additional work or any other source of income. It is better if there are several such "gold veins". This technique will help a person feel more confident, and also not depend on one salary.
If there is an "extra" apartment, you can rent it out - this is a good source of additional profit. Hobby brings some income: embroidery, cooking, system administration, programming and so on.
Resales of things may be a good source of extra income - people on various sites like Avito are constantly looking for old items to buy. If a person has a lot of money, you can invest it in investments or banks.But in practice, most often people invest in real estate. Apartments are a great investment, which, as was emphasized earlier, can bring good income.
Loans
How to manage money? The following tip may surprise some modern consumers. You just need to give up loans, loans, installments and so on. Debts have not made anyone richer. Banks and microfinance companies demand high interest from the population. Therefore, an overpayment on a loan, if everything is well calculated, will surprise you with its size.
On credit, things that are not really needed are usually bought. Or finances are spent on what you can safely do without. It’s better to learn how to properly distribute income, save up and only then buy the desired thing. Loans are relevant only when it comes to vital situations.
Availability
How to manage money? Bank transfer will have to be abandoned. After all, credit cards and debit cards do not show the balance on the account before making a purchase. Therefore, a person is tempted to spend more.
If you spend cash, you can always see how much will remain after a particular purchase. Some recommend withdrawing fixed amounts from bank cards before shopping, and leaving bank plastic at home. A good way to save.
Investing in yourself
The process of making money is something that requires certain knowledge, skills and abilities. People who invest in themselves, sooner or later see a return on investment. It is recommended to spend money on training: webinars, seminars, courses. All this will help to understand not only finances, but also in life in general.
People who forget about themselves, do not like to spend on themselves (within reasonable limits), are not able to attract cash flows. Money seems to bypass them.
Accumulations
How to manage money? A great habit is the tendency to create savings. This technique helps to budget any size.
After receiving a salary, it is necessary to postpone a certain percentage of earnings. Some set aside 10% of the profit, while others - 12%. It all depends on the level of salary. To save, it is recommended to "put in an envelope" at least 10 percent of monthly earnings. All other finances are allocated to needs.
Goals
How to save money with a small salary? Experts emphasize that saving is easier when there is a specific goal. Better if it will be affordable and small. For example, the acquisition of a new computer or camera. But nobody canceled major purchases like an apartment or a summer residence.
When a person has a goal, he begins to strive to fulfill it. Accordingly, over time, it will turn out to save, put off and get closer to buying something desired more and more.
Respectful attitude
It's no secret that money loves an account. But that is not all. If a person wants to save, and also to allocate the budget correctly, he needs to be silent about his plans. Especially when it comes to large purchases.
Money loves respect, not squandering. If you look closely at modern millionaires, you can conclude that many of them behave quite modestly. And so they always have money. Such a technique helps to attract finance, and also teaches to distribute funds for what a person really needs.
Secrets of Savings
How to save money with a small salary? All of the above tips are aimed at saving and earning money. But what if you fail to jump above your head?
Then you have to save on everything. For example, you can start with food. After all, spending on it is an important article, which has surprisingly many unnecessary points. How to manage money?
So, in order to learn how to save, you need to follow the tips:
- Do not go to supermarkets on an empty stomach. Of course, credit and debit cards are best left at home.
- Semi-finished products - luxury at inflated prices. You can cook similar dishes yourself. This technique will save you a lot of money.
- Make a weekly shopping list and plan a menu. So you can not buy anything superfluous.
- More to buy frozen foods and make preparations for the winter. Non-seasonal fruits and vegetables are expensive. Therefore, to save money, it is recommended to stock up on food for the winter.
- Refuse snacks and use a variety of vending machines with coffee and food at work / in stores. Better to take homemade food with you.
- It is better to buy products at sales and stocks. The same goes for clothes and shoes. It is recommended to look at the lower shelves in stores - there are usually inexpensive goods with good quality.
- Wholesale purchases are the key to success. Many shops and food bases sell goods to wholesalers at significantly lower prices. In addition, reserves for the future contribute to the fact that a person will always have food. You can buy both frozen foods and cereals with pasta.
All of these methods can really save a lot of money. Most likely, it will not be possible to develop such habits immediately. Disruptions and the acquisition of unnecessary things are possible.
Nevertheless, this does not mean that you need to limit yourself in everything. Loans and borrowings, as already mentioned, are permissible, but as an exception. It is allowed to take them only in emergency cases, and to pay them out as soon as possible.
Summary
Now it’s clear how to save money with a small salary. All of these methods will help not only to save money, but also to attract cash flows to a person.
You should not expect quick accumulations. People who are not used to saving can suffer from restrictions at first. But then the advice offered to attention will become a habit that accompanies a citizen through life.
Money running out fast? It is important to remember that sales and inexpensive things are not a shame, as some think. Price is not always justified by quality. In stores you can always buy inexpensive and high-quality things and products.