A month’s salary is only passing by. Almost half of the salary is spent on paying debts.
If these two ‘phenomena’ often repeat, there is something wrong with how to manage our finances. One of the things that makes our finances in shambles is our own habits.
We are not used to the discipline of managing finances and cannot distinguish between passion and need. If you really want to improve financial conditions, now is the time.
Take a look!
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Track income and expenses
Often we don’t care about our expenses. Where have our monthly salaries gone? Tracking income and expenses can be done by making simple bookkeeping. If you don’t want to bother you can use the financial regulator application on your smartphone.
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Check the bill
Accustomed to checking bills is important.
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Saving, saving, saving
The habit of saving indeed needs to be nurtured from an early age. But it’s …
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At the moment’s NYT article on how employees typically lose out is a good learn. Workers who like that, may additionally like Hunter’s article from last week on (not) getting rich at startups This is the follow up I meant to put in writing for the latter.
New debt can come from wherever: unplanned expenses, emergencies, charging issues we actually need however don’t necessarily have the cash for and even from a construct up of smaller on a regular basis purchases like a tank of gasoline, that each day espresso, lunches out or journeys to the grocery store on the best way house.