Are you concerned about your finances? Are you looking to spend less, save more, increase your income? You are worried about the future and you are worried about the financing of the major stages in life such as the purchase of your main residence, children’s studies, retirement, etc.? You are not the only one in this situation.
To consider these subjects serenely and have the necessary perspective on the situation, it is better to tackle the problem already. Ignoring these concerns and going ostrich policy has never solved any situation. In terms of finances, we can even consider that this tends to worsen the problem.
This is why weoffer you in this article simple tip to implement and adopt on a daily basis to considerably improve the state of your finances. Find out about our tips for spending, saving and increasing income.
Take A Break From Shopping
We wanted to start with the most radical and extreme solution to get your finances back on track and start on a sound basis: it consists of spending nothing more. Apart of course for what is absolutely necessary: rent or loan, gas, electricity, telephone and food. This is the best way to reset the counters to zero and realize the amount of unnecessary spending made each month. You could save between 30% to 50% of your income. You can Checkout these Evergreen Wealth Formula reviews and have the best choices there.
Depending on your financial situation, it may be appropriate to complete this exercise for a month, several months, or if the state of your finances does not require it, to go directly to the following tips.
Only Spend What You Have In The Bank Account
This is one of the most effective tips for maintaining a healthier relationship with money. By banning consumer credit and waiting for your checking account to bail out to spend again, you will escape the spiral of debt and take a more reasonable and realistic view of your finances. Remember the obvious: you only buy what you can afford.
Do you dream of changing your TV but you have just enough left on your checking account to finish the month? Wait until the next month instead of taking out a consumer loan. Better yet, plan to set aside a certain amount of money for a few months to treat yourself to that new flat screen display without pain or regret. Money is not spent on a whim, but requires reason and anticipation.
Save Every Time You Spend
This solution, which is a little more difficult to set up, should allow you to build up savings quickly. Have the instinct to put aside every time you spend. For example, you can consider paying the equivalent of all your leisure expenses into a savings vehicle (if you spend € 50 on going out to a restaurant, you make a transfer of € 50 to your passbook or your life insurance, for example).
You can also choose to save very small amounts with each expense, whatever it is, thanks to a system such as Rounding Savings. You will be able to save very regularly, painlessly and without even thinking about it.
