You can live with half of your income.
The next article will not only show you that you can save 50% of your income. He convinces you that this effort does not bring difficulties, sometimes brings fun, and ultimately opens up a whole new way to save your money.We will explain various ideas for potential savings that will not harm your quality of life, starting with the ratio of salary to fixed costs. And vice versa.
●Establish an optimal relationship between income and fixed costs
To achieve the goal of saving half of your monthly income, the first step is to determine the ratio of fixed costs to income. Rent and energy would ideally be about a third of the monthly income. If this is not your case, carefully think about whether your existing housing situation is really worth this unreasonable discrepancy in your finances, otherwise, only these changes in a given situation – movement, reduction of fixed costs, increase in income – are possible.
When shopping, always choose the best offer. You don\’t have to choose the cheapest goods anytime, anywhere. But in the field of food and clothing, as well as in large purchases such as electronic items, there is an opportunity to compare the desired items of different designs. When you find that you are facing a choice between several choices, and at the moment you could have a cheaper option It\’s time to count.And rejoice for what you have saved compared to your previous self.
Do it yourself.
Having adopted a new economic lifestyle, you will come up with new ideas on your own, how to save in your personal life. You will definitely notice some products and services that you can do yourself instead of spending money on them. Friends, acquaintances and relatives will certainly enjoy the gifts that you have made yourself with your own hands. Home decoration items will give your home a special and individual touch. Paint yourself, clean the car yourself, cut your hair or repair your bike.
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Plan ahead.
A well thought out shopping list includes the potential for big savings. By actually placing only the necessary items in your shopping cart, you will save a lot of money. Thanks to modern technology, today, with the help of wise judgments, we can leave much more money in our bank accounts.
Shopping on the Internet gives us the opportunity to buy products from around the world at the best prices.
Enjoy life.
The more control you get with your finances and the easier it will be to save money over time, the more you will be able to spend your pennies
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Now you can enjoy your life with the good feeling that you have everything under control. You decide when and for what to spend money. Thanks to this consideration, you can simultaneously save half of your income and get a quality life.
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