Money is a resource that gives people a sense of security. When a person does not have enough money, he begins to experience negative emotions. Therefore, we suggest that you familiarize yourself with the main reasons for the lack of money.
The first reason is excessive needs.
Spending money beyond your means is the main path to poverty. Therefore, it is important to write down all expenses during the month, and you will immediately notice that most of the things you buy are not needed. Thus, you will find out the sources due to which you constantly lack money.
The second reason is spending money on things that you can do without.
A person who earns more and more starts spending more, especially on things that are not a priority. For example, it takes 20-25 minutes to walk to the office, you can go by bus or minibus, but when you have money, you can take a taxi. Unconsidered expenses "eat up" up to 20% of your income. Visits to cafes, paid subscriptions to programs and services, using an expensive tariff with unlimited Internet, which you do not always use all of, and so on.
Reason three: no planning of own funds.
Very often people misunderstand the management of their own budget, they associate it with saving, but this is not so. If a person's finances increase, he definitely needs to plan them. In fact, a budget is necessary for complete control over the reduction or increase of expenses. Finances love order, stability and control, so that everything is clearly spelled out.
By planning your own budget, you will learn to allocate money rationally and effectively.
Reason number four is the inability to plan and manage a budget.
Expenses most often increase with the growth of our income level. When we try to save money for the oldest dream, we do not quite succeed. All because we are not taught to spend our money wisely.
Don't watch TV or reduce your TV viewing, it will do you good. Then you will see less of various promotional advertisements and you will notice that you will have fewer expenses. Remember that after the holidays there is an opportunity to buy a precious thing at a really low price.
Reason number five is the inability to save, make correct deposits and investments.
If after monthly expenses there is some money left at the end of the month, it is rational to invest it. Without any savings, you need to start making them. A monthly deposit of a small amount for several years will provide a reliable safety cushion, which will insure you over time.
Never keep money in a wallet or mattress, because inflation devalues savings, so it is better to invest them in any real estate, the currency market or make a deposit in bank deposits.
