Discipline is fundamental in all aspects of life,
isn't it? Especially when it comes to saving money. Whether for the future of
your children, to pay for college, buy a property or to enjoy old age with more
comfort, you need to plan your financial future.
But just planning is no use, you have to execute!
And to execute it takes discipline, right? So that's why we decided, today, to
list 7 tips here so that you have the necessary discipline to save some money.
So let's go?
Make a
control
It can be a spreadsheet, financial management
software or even a notebook: what matters is that you keep your expenses well
written down and always in sight, so you know exactly how much you need to live
and how much you can save. Feed this control daily so you don't lose sight of a
single penny.
7 tips to be
disciplined and save money
Divide
everything into percentages
If you have a fixed salary, it is much easier to
project your cash flow and thus control expenses. Divide your salary into
percentages, such as 30% for household expenses, another 30% for car and
mortgage expenses, 20% for a long-term investment, and another 20% for personal
expenses. At first it can be difficult to get used to the control, but it's
only a matter of time before everything becomes routine.
Underestimate
your earnings
If your income is variable, the revenue forecast is
a little more complex, so it's important that you don't count on what you
possibly won't earn. Average the gains from the last gains, considering both
high and low movement periods. Consider the average as if it were your monthly
income and plan on top of that amount. Everything that exceeds this average can
be directed to a medium or long-term investment, for example.
Exterminate
the debts
If you have high credit card bills, outstanding
installments and some financing, try to exterminate everything at once. Use
savings money to pay off debts that are generating interest, as the savings
correction will always be lower. After that, try to forget that credit cards
exist, stop making installments and only buy in cash. If you don't have the
money on hand for the investment in question, wait!
Make
spending difficult
When you leave the house with your bank card in
your pocket, the feeling is that there is money left over, and the temptation
can end up winning. But if you set yourself a weekly budget and keep the money
in your wallet, the awareness that you are overspending is greater. So the card
stays at home, in case of emergencies, and the money goes into the pocket.
Make long
term investments
Savings is the most sought after investment by United
State, but it is also the first to be used when the situation is tight. Being
so easy to withdraw money from savings, it is difficult to discipline yourself
not to use it in a need. So make long-term investments that cannot be withdrawn
so easily. That way you protect both your investment and your future.
Talk to an
expert
If saving money is really a problem for you, maybe
it's time to talk to a personal finance specialist , who can help you eliminate
debts and superfluous expenses, building an effective financial plan for you to
achieve your goals.
So, ready to start saving money with discipline? Do
you have any tips to give and enrich our list? Comment here and share your
suggestions with us!
Posted by: John
Labunski
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