People often say that they don't have enough money.
And here nothing depends on the level of a person's income. What matters is how he distributes his funds.
You can earn decent money, but still "live until payday." And if you want your funds to grow, learn to manage them correctly.
Unnecessary expenses
Many people do not plan their expenses, so they cannot control them. As a result, they constantly complain about the lack of money. But if you start writing down your expenses every month and planning your spending, you will notice that you have a decent amount left.
Gradually, you will get out of the habit of buying unnecessary things that you can do without. You will be able to put the “free” money into savings, which will allow you to buy a useful thing that you have long dreamed of.
Disproportionate expenses
Some people's expenses may significantly exceed their income. As a result, they get into debt.
Consider cutting down on your spending, otherwise you will have a hard time paying off all your loans. First, try writing down all your expenses for a month. Then analyze them.
So you will find that there are quite a few items on the list that need to be eliminated.
However, if you find it difficult to resist the temptation to buy something useless, take with you only the amount of money that you need. Then you will not spend in vain and save money for something more useful.
Imitating your surroundings
This happens quite often. For example, your neighbor bought a new car. In this case, you start thinking that you should do the same, although your car is running and quite decent.
Don't envy your neighbor, better calculate how much money he will have to pay for the maintenance of his new foreign car. Also, some people go to restaurants only because it is prestigious, and they try to seem rich.
They may seem well-off to their friends, but they will create problems for themselves. After all, they will have to make ends meet. Therefore, it is quite possible to have dinner in an inexpensive cafe or cook something at home.
Unconsidered investments
Sometimes people do manage to save up a decent amount, but they can't manage it properly. Therefore, think carefully about your investment options. Don't choose the first "profitable" offer that comes your way.
Today companies offer you decent dividends, and tomorrow you will be left with nothing. Consult with people who understand this.
This way, your risk of losing money will be minimal. You may not have to invest at the highest interest rate, but you will know that you will definitely be paid dividends.
Earlier I talked about how to learn to manage a personal budget and save money.
