Difficulties managing monthly salaries are not only experienced by a handful of people. Many modern societies today, or maybe you have difficulty in managing salaries every month you receive. Not infrequently, you often run out of money before mid-month. This could be because you don't manage your salary well. But there is a surefire way to manage your monthly salary wisely.
Plan your monthly budget. Start making a list of monthly expenses for needs into two parts. For primary needs such as food, work costs, electricity bills, home installments, motorcycle installments and so forth. As for tertiary needs, make a budget for shopping, traveling, to hangout budgets with your friends or colleagues.
When you get a salary, the first thing you do is pay all your bills at the beginning. Starting from electricity, telephone, installments, and so on. This is important, so as not to disturb the cost of your daily needs. Separating or paying for it first will certainly make you more calm to manage other monthly expenses.
If all this time you are accustomed to setting aside the remaining salary for savings, this time try to set aside a salary for savings before you use it for daily needs. This is useful, to reduce expenditures that are not too important.
Keep the shopping receipt that you get every time you shop. Record all your expenses every day. Besides this method helps you to know where the money used so far, this can also help you analyze what items you really do not have to buy in the coming month.
Make two different bank accounts. Use one account for your daily needs such as receiving a salary, paying bills, and shopping. And for other accounts you can use it specifically for saving. Make a minimum amount of what you have to save from your monthly salary. Do it like an obligation that you must fulfill every month.
Credit cards can also help you manage your money, if you can use it smartly. For example, use a promo that is given to buy items that are needed, or can be allocated to pay for all your bills. Don't forget to immediately pay off your credit card bill when receiving a credit card bill.
After you set aside for savings and monthly salaries for daily needs. But there are still excess funds from the salary. It's a good idea to use these funds for investment by following insurance, mutual funds, or buying gold or jewelry with high selling value. This is different from saving, if you save you can take it at any time. In investment, money that you save in other forms and you cannot take at any time as you wish. This method not only keeps your money in place, but also can benefit you in the future.
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