Under certain circumstances, both wealthy people and those with a very moderate income can be “broke”. To avoid such an unpleasant fate, it is important to be able to carefully plan your expenses and constantly monitor your budget.
Instructions
Step 1
Keep track of your personal or family budget. Get a notebook on paper or keep a special computer form. This way you will know for sure about your income and expenses. In order not to "run aground", it is important to always make sure that the former do not exceed the latter.
Step 2
Analyze the items of your income and expenses. Think about what you can do to increase wealth and reduce spending. Think about looking for a higher-paying job, the possibility of additional earnings. Look for ways to reduce costs. The prices in the shops are very different. Don't put too much emphasis on dubious prestige if you can save up to 50% of your money by buying the same set of groceries in an economy class store rather than a fancy 24-hour supermarket.
Step 3
Start saving money. It doesn't matter how much you earn. Set aside a certain amount every time you receive money in your budget. So in time you will be able to afford expensive purchases or, perhaps, a long-awaited vacation - a journey that you have dreamed of for so long. Plan your expenses carefully. Allow them to yourself only if you have funds for this in your wallet or on your bank card. Always evaluate the necessity of your purchases. For example, is it worth spending money on dubious entertainment and unnecessary things? How important is the next purchase to you?
Step 4
Make a deposit with a reputable bank at a favorable interest rate. Let your money work for you. In this way, it is convenient to store and save money for any event, for example, vacation, wedding, anniversary, etc. If you are confident in the business, for example, of your friend, you can also invest your funds at a significant percentage.
Step 5
Do not borrow money if you are not sure that you will return it on time. Given the availability of loans, try to live within your means. otherwise, you run the risk of going into debt, being in constant monetary dependence, remaining "aground".
