Basics of personal finance – learn to take care of money

No matter how much you earn and no matter how much money you have, the most important thing is to have control over it and to know where each coin goes. Learn how to take care of your home finances as easily as possible.

On average, we make 6-10 financial decisions a day. It may not seem like it to you, but whenever we reach for our wallet, we make a financial decision. How smart do you spend your money? Do you have control over it?

Organization is most important. Reduce the number of bank accounts and cards to a minimum. Open an email address that will only be used for financial management and bill payment. Every morning, check your account balance and available amounts on your cards – only then will you have a clear insight into how much money you have and how to allocate it.

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It is very important that you know exactly how much your monthly income is, how much money you have at your disposal when you pay utilities, rent, loans and how much you need. That is, how much money goes to your daily living needs (food, drinks, going out).

Set a monthly budget, make a plan, how much money you can spend, how much you can (if you can) set aside for rainy days. Start saving for retirement on time, do not rely on what the state may give you when you turn 60, if you can leave immediately for your “golden years”, and if possible find for yourself and your family life insurance that will give you how much -so much security.

“How to fix your wallet” – that’s what we wrote about.


Source: LifePress magazin by lifepressmagazin.com.

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