The more you work, the more money you have. This statement is only half true. A person who does not know how to manage finances loses significant amounts. Note that not all rich people work hard 24 hours a day. At the same time, they wisely distribute available funds. After all, personal income is made up of more than just wages. The secret is that the budget does not depend less on expenses than on income.
Maybe your salary is not so small. Or to improve the financial situation, all it takes is a small part-time job. Let's look at three approaches that will help you optimize your budget.
Method number 1
learning to save
Nobody encourages him to follow in Scrooge McDuck's footsteps. Saving is, first of all, a clear understanding of your budget and how much money you can spend. Make a list of income and expenses. Write down the mandatory expenses: electricity bills, food, internet, etc. Values entered in this column are subtracted from total revenue. We get free money. You can send them as you wish. Now we plan purchases smartly, breaking the savings approach into three points:
- cut costs
- analyze sales
- To save money
we cut costs
The first point seems to be the most understandable. However, you need to cut costs wisely. Giving up on desires can lead to a decrease in motivation. Why earn a lot of money if the standard of living is still low?
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For example, in food. Carefully! Your quality must not suffer. Otherwise, significant amounts will remain in the doctor's office. But often going to cafes and restaurants (surprise!) is not necessary. Even cheap fast food makes its way into your pocket. Learn to cook your favorite meals at home. If you notice promotions, you can buy useful and cheap products. Also, pay attention to fuel consumption. Sometimes it's better to walk or take the subway.
sales analysis
The word “analyze” was added for a reason. A sale is a successful marketing ploy designed to profit from the seller. The buyer will be deceived if he is not careful. Instead of a cheaper necessary thing, you can take a garbage cart. But the savings are obvious if you control the process. Personal income will rise sharply when you don't overpay.
Whoever plans large expenses in advance wins. A great way to save money is to buy an expensive, high-quality item on sale. It's better to take care of the good stuff than to buy new stuff every year.
we save money
We're talking about a financial airbag. You never know what might happen. Personal income is an unstable thing. It is beneficial to take the necessary amount out of savings and not get into debts and loans. Therefore, we advise you to have a reserve worth at least one monthly salary.
Aside from a reliable amount for a rainy day, a bank account won't hurt. Put a percentage of your salary there. To save for a reason, create a goal. Let's say buying a new car or apartment. A nice bonus: you will receive a percentage from the bank. After all, the better the value in the account, the better the profit.
Method number 2
Looking for extra income
Think about what can bring you money. Don't limit yourself to stereotypes. So to rent a living space, you don't need a free apartment. There is even an unoccupied room in the house. Surely someone will want to remove it for a long time. Or take a chance and offer each day. For example, on the website airbnb.ru. Even a few guests a month will increase personal income.
Here are some more ideas:
- monetize a hobby
- we invest money
- freelance mastering
We monetize a hobby
Think about how you spend your free time. Do you do anything useful in your spare time? So you can increase your personal income without a new job. Selling knitwear or crafts, delicious sweets, made-to-measure portraits… That and much more is worth a lot of money. It remains only to put the hobby to work. Learn how to make money doing what you love. Learn more about hobby income here.
Maybe a hobby is a good help?
we invest money
Stock markets live by their own laws. Knowing them, you can make a good profit. But even the best companies are not immune to the downturn. Ideally, the investment is suitable for people with knowledge of economics. If this isn't about you, don't be in a hurry to give up. Knowledge can be obtained. Careful self-study will guarantee success. Read special books. Listen to lectures on financial markets. Knowledge of statistics and probability theory won't hurt either.
Study the Exchange market, follow the fluctuations. It doesn't matter if you are interested in the dollar or the altcoin. Remember the basic principle: buy low, sell high. Going into business with your head is dangerous, especially for a beginner. To get started, invest a small amount somewhere. Please note that this money cannot be returned to you. Think of them as payment for practice. After all, to form your own strategy, you need constant practice. And our material will help to avoid many mistakes in handling cryptocurrencies.
Be patient. With the right approach, personal income will gradually increase.
Mastering the freelance
Here we are talking about his main profession. Find out how you can apply your basic knowledge outside of an official location. Thus, a teacher's main income often does not consist of salary. The teacher receives large sums for tutoring. Philologists and journalists write articles on demand. Connoisseurs of foreign languages translate texts successfully.
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There are many examples. The main thing is to choose one that does not disturb the balance between work and leisure. Calculate forces correctly. And personal income thanks you.
Method number 3
invest in knowledge
In fact, we are increasing spending on education. But in the end, we still won. Because the price of services grows proportionally to the specialist level. Ask yourself the question, “What skills do I need to get more?”. Knowledge of another language, possession of new programs? It's time to pump professionalism.
An excellent option is advanced training courses. The good news is that you can save money with them. Management is interested in successful employees. The better your skills, the better the company's personal income. Found good courses – contact the boss. Here is the initiative, and the desire to develop. So it's not far from the rise.
For those who are willing to spend a lot of money and time, a second education is suitable. Have you ever heard that it's as useless as the first one? It's all up to you. Add a specialty related to your specialty. Journalist with a degree in PR. Marketing professional with knowledge of economics. Your price on the job market will double.