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How to save money: basic rules
28.08.2024 10:20
Updated: 28.09.2024 01:32
Most people dream of buying their own vehicle, apartment or household appliances, but they are afraid to take out a loan or debt to make this often expensive purchase.
Of course, the best thing is to calmly save up the required amount of money.
But what to do when the salary is not too high?
It is important not to despair, but simply calmly adhere to the basic rules of saving money. After all, with a stable job you can easily get what you want.
Cost Analysis
Before you start saving, you need to take a very close look at your current situation to understand what kind of expenses you can afford.
It is advisable to conditionally divide them into the following articles:
- for food;
- on clothes;
- to pay for utilities and other mandatory services: telephone, Internet;
- to pay for transport;
- for training;
- for entertainment;
- on vacation.
The purpose of such division is to understand what exactly the earned money is spent on. And then to highlight those categories of expenses where they are spent most or least.
Adjust the distribution of money
Now you need to gradually cut back on all your expenses that don't seem too essential, in order to increase your chances of saving.
First, you can do those that are often done thoughtlessly. For example, frequent trips to the store just for company or drinking too much street coffee.
Of course, you can't completely give up the pleasure of drinking a cup of your favorite drink after work. However, if you notice that this habit has become permanent, then it is advisable to try to get rid of it.
In short, you shouldn’t take saving to the ultimate extreme, since it should always be convenient and never interfere with a full life.
Allocate a separate expense item for savings
After all expenses have been meticulously analyzed, you need to start putting aside a certain amount of money from all your income. And it is best to do this systematically.
For example, at first you can take only 10%. As a rule, such an amount is more optimal, especially when you want to have some kind of safety cushion. Moreover, everything will happen calmly and without any rush.
After receiving your salary, it is advisable to first set aside a sufficient amount of money for essential goods - food, payment for all kinds of services, seasonal clothing, and the like.
Then throw a little into the savings bank, and what’s left can be spent on any other needs.
Earlier I talked about how a toxic boss breaks an employee.
