Money: for most people it has become increasingly difficult to save money, since everywhere we see ads of the “cell phone of the year” or the new Mexican food festival of that famous restaurant … We are daily swallowed by the “black hole of the information “that is nothing more than all this publicity, present in all the places where we are.
The temptations to lose financial control are diverse, but the advantages of staying in line are many (and even more tempting) …
In this article, we will give you 5 simple tips on how to save money without realizing it and you will see the difference that these attitudes will make at the end of the month and even for your near future.
Identify your expenses and understand where your money goes:
It is more common than one thinks of reaching the end of the month suffering from the lack of money and of not realizing where the monthly income has gone …
Before you start doing anything you need to plan. And yes, most of the time it means putting “what” and “where” you will spend “X amount” on paper.
You might think, “Oh, but that 3-pound candy will not make any difference at the end of the month,” but make no mistake: reality may be totally different . It is possible that you buy this candy every day believing it to be only a small exception, but when you realize: the innocent candy will cost you R $ 60 per month, thus becoming a fixed cost of value that could be destined for more important things.
So it is of the utmost importance that in this exercise you put on paper absolutely everything about every penny you spend. This way, it will be easier to cut expenses and identify where your money is going.
This activity will make a huge difference, since that way you will know your weaknesses and learn how to police yourself day in and day out.
Set short, medium and long term goals:
We know that this tip is practically the first tip to conquer anything in any area of your life but especially in the financial area setting goals will completely change the way you view your money .
Setting short, medium and long-term personal goals are important to have a “north” and even more to chart what steps should be taken to achieve the goals …
Now, have you thought about setting purchase goals?
Exactly. Purchase goals. And no, we are not referring to a car, a house or a jet, but simple goals of purchase.
How should I do?
Let’s take a practical example:
If your backpack rips so that it can not be repaired, obviously you will need a new one, right? Usually, you would simply buy a new backpack. Most likely, even compromising your financial planning for that month.
When backpacking is a goal of buying, you will have it in mind whenever you think of spending more on something, be it an unnecessary item or a lunch at an expensive restaurant …
And thinking about your backpack will unconsciously save you every day in a variety of ways, and if you follow suit, you still have the money to invest.
This tip also goes for small achievements: entering the gym, starting a dance course, taking a short trip or even a lively friday with friends … Whatever it is, the important thing is to stay focused.
First basic needs:
This is a quick, practical tip that you may already know, but you usually ignore …
It’s time to stop, think and do!
It’s simple: we humans have basic needs like food, shelter, hygiene and clothing.
This is the basis of your need pyramid and what you should put as a priority when it comes to planning financially.
Attention: it is not because dress is a basic necessity that you should buy those fashion pants whenever you launch a new collection. These are basic questions: do you have enough clothes to go to work a full week, wash them for the weekend, and still have some for you to wear the next week? Do you have at least three compositions to go out with friends and a more formal composition? If the answer was “yes” to both questions, for now you do not need to buy more clothes, the same applies to shoes, socks and underwear.
And the other levels of need?
The second section is education, so here comes the investment in courses, lectures, books and others. And the third section are variable accounts such as telephone and internet. Remember: water, electricity, rent, and gas are part of the first section because they are tied directly to your basic needs.
The fourth section you will build according to your lifestyle, for some people it is the monthly donation to an institution, for others it may be that aesthetic treatment or go to some restaurant or that gift for the girlfriend / wife, in short, this stay on your own.
In the fifth you will fit the previous tip and there will be your “purchase goal”, as we speak, it can be anything. That way you’ll be clear that everything else has to work for you to reach your goal.
Think of this inverted pyramid, the basic needs will have a bigger space, therefore it is for them the biggest destination of your money and it is important that the amount spent decreases in the pyramid. If you spend more with your girlfriend’s gift than with your fixed bills: something is wrong!
Why Persistence is a decisive factor:
Usually, people who decide to save, save money, and so on end up getting frustrated the first week or the first payment and simply come to the conclusion that money does not. Of course this is a hasty decision , since for lack of planning they did not even have time to experience the experience.
Persistence is part of the importance of believing.
Believe in your goals and objectives. Maybe the last item in your pyramid stays there for one, two, three or even eight months, and you may believe that you will never succeed, give up, and end up losing the money you accumulated during your waiting time …
Think it’s complicated at first, but the rewards that these little attitudes will bring to your life are extremely rewarding. So persist!
The word of order is Discipline:
More important than persistence is discipline, so stay focused on your goals and think about where you want to be in 5 years’ time. This will give you the fuel you need to not neglect your financial life.
We hope this article has been helpful and enlightening for you! Follow this and other content through our social networks and if you are in need of credit but do not know where else to look and do not want to have to deal with the very high interest of banks.