Many people argue that a small salary does not require good financial arrangements. This is because the salary will only suffice everyday needs so many who think if the management is not important. This opinion is actually very wrong. Limited salaries actually need to be set so as not to make savings quickly depleted. A little salary if tampered with will be more useful in the future. In fact, with a minimal salary, you can allocate it for savings or invested. The key is one, discipline when managing finances. It does not hurt if you manage finances well even though the salary is minimal. However, setting a minimal salary is not an easy thing.
Here are some tricks that can help get around the minimal salary in order to be useful.
1.Create Priority Scale The first thing to do is to make a priority scale. Write down all the needs in sequence starting from the most prioritized first. For example, if you have a bill, write all bills you have in your top priority. That way, later seen how much amount of debt to be paid. From there you understand which debt should be paid first. Not only debts, write the other important needs that are important. If you feel life is too fancy, it never hurts to reduce spending. For example, if you have a habit of lunch in the office canteen, try to change the habit by bringing stock from home. Surely this would be much more cost-effective everyday. For transportation, may be looking for a much more cost-effective alternative transportation. Maximize for expenses only takes 40 percent of the revenue received.
2.Making a Financial Plan The financial plan is important to avoid waste in life. If you already have a budget, of course you can control yourself to not violate a predetermined limit. The budget plan includes revenues and expenses. Make a budget plan every month. If you can, use your previous budget to further tighten your budget next month. That way, later on you can add to the savings money .
3.Explained at the Beginning for Savings Although your salary is very low, it is still important to set aside money for savings or investments. Although the amount saved is not large, there is still savings owned. To make it easier for you to save, set aside the initial entry for inclusion. Later saving is not the rest of his daily needs. Do not forget also to save the reserve fund. At least, use 10% of income for emergency savings because you will not understand when a disaster can come up.
4. The relatively small Revenue Expense Deal does require you to have good management skills to meet all the necessities of life. Not only must you have that ability, but also be able to save every monthly expenditure. For that, start tightening your expenses by setting aside some money to realize the financial goals that you have created. Cut all sorts of costs that may not be necessary. In fact, if necessary, remove any less important expenses.
5.Clean for Investment As mentioned before, in addition to saving, it is also important to set aside your income for investment. Investment positions do need to be budgeted in finance even though the salary is very small. However, if it is not possible to invest, you can collect little by little first. For example, in gold investment, you can now buy gold by way of credit or through gold savings. Saving will not be enough to make an investment. This is because the interest of savings is small and the value of inflation is increasing every year. Apply a Life Saver in Your Life Having a small salary is not fun. Because everyday needs may not be fulfilled. For that, the importance of applying the lifestyle of everyday life. Cut out the less important and do not forget to save and invest.
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