To make money not like sand through your fingers
In the modern world of capitalist relations, people have to plan their expenses very clearly and, if possible, do without loans. However, not all people know how to save money. Usually, making out another loan or turning to parents again for money, a person finds the reasons for his wastefulness. To the money began to accumulate, you can listen to the opinion of experts.
A small income is no reason to abandon the idea of accumulation.
Many people think that you can save money only if income is above average. However, experts refute this fact and make recommendations on how to save money with a small salary. And all of them, if you look, have a completely rational grain and are not associated with financial fraud.
Here are 5 tips from an expert that allow you to save money without harming yourself and your family:
An important aspect is the preparation of the family budget.
It is worth sitting down and counting what income is derived from stable sources.Then find out the total amount of fixed costs that should be paid every month - utilities, loans, school fees, kindergarten, etc. little things, because it is often in them lies excessive squandering. After calculating the cash flow, you need to subtract expenses from it - there will be free money.
It is important to realize that, first of all, it is necessary to pay yourself, and only after that to other people and the state.
Almost all the people who took this idea as a motto were able to eventually achieve financial well-being. And here we are not talking about hiding from taxes or a neighbor who borrowed you any amount, but about putting money into your account until the other payments. It doesn’t matter whether it is 5, 10, 15% of income or more. Today you can do this automatically by entrusting the bank to withdraw a certain amount of money from one account to another. Having accumulated money for an apartment, car or other needs in this way, a person will agree that this method, although long, is painless.After all, five percent cannot fundamentally affect the overall budget and significantly reduce it.
Compound interest is not "magic", but banking twists.
Practically no one gives advice on how to get interest not from the deposit amount, but from the interest itself. However, such income allows you to quickly increase the invested amount of money than when calculating simple interest. When opening a savings deposit, it is worth asking a question about compound interest, because even small money with a small salary will not interfere.
In the west, it is very popular, but we are not perceived so well. To complete it, you need to calculate how much time it takes to double the deposit of money. To do this, 72 divided by the interest rate, should be taken as the average of the entire period. This will be the number of years required. For example, if the sum is 10,000 and the annual percentage is 14, then it will take a little more than 5 years to turn them into 200,000. However, inflation and financial crises can make their own adjustments, and so that the accumulated amount of money does not burn out or lose its value, you should think about currency exchange. Since the deposit usually lasts 3-5 years, it’s worth to leave them in rubles, this is especially true for investments with high returns.But if the term of investing money exceeds 5 years, then 50% of savings can be converted into dollars or euros.
If you follow the recommendations, you can learn to save money, even with a small budget. And if you delve into the banking calculations, you can learn how to save money for a car, rest and other needs without increasing the article of savings.
Housing problem - take a loan or save?
Mortgage lending is a bondage into which many families fall without having their own housing and extra money to buy it. And who does not decide on such an option - they live in rental housing and pay a lot of money to its owner. But there is a category of people who manage to use the third option - to make this large purchase.
How to save money for an apartment, there are several recommendations:
- first of all, it is worth finding out what is the minimum amount that can be deferred regularly;
- in the case of savings, two important qualities will be required - discipline and patience;
- saving money should be;
- if you can increase your salary, you should definitely use it;
- You should not abandon self-development and the search for new opportunities for income.
Only 5 tips to help get closer to what you want, of course, if only they follow.
"Children's" piggy bank - how to increase its contents?
Today, not only adults, but also teenagers and even children are puzzling with the issue of accumulating money. How to save money to the student, if the allocated finance for spending money is mostly spent on daily needs?
Even as an option, you can consider the possible types of earnings. Of course, for teenagers, a lot of work is limited, but there are still options:
Walking the animals.
Today you can find ads in which people are asked to take care of a pet, for example, while limiting physical abilities. The student is able to familiarize himself with the rules of walking and perform similar activities for money.
Distribution of advertising.
Quite often, firms charge the distribution of leaflets, putting up ads and other adolescents. As a rule, such work does not require special skills, but can bring additional pocket money.
Abroad, the work of a nanny or baby sitter for teenagers is no longer a novelty, and young people are often attracted to this activity. Naturally, attentiveness, kindness and patience will be required. You can start with the children of friends and acquaintances who can trust their treasure and pay money.
Work on the Internet.
Today, you can find a lot of work on the net - from writing comments to keeping your blog. Of course, it is important to consider your own abilities and available free time. With such earnings, you will need to start an e-wallet and try to make as much money as possible in it.
In fact, there are many options for saving money to a teenager. After all, receiving additional money, in addition to the funds that parents give, the child becomes more thrifty and does not squander the money that he earned by his own work.
Only by accumulating the necessary amount of money, a person begins to understand that nothing is impossible. He begins to be more attentive to his own budget and tries not to be scattered over trifles, concentrating on his goal.