Some people are completely unable to live within their means. They willingly take various loans and credit cards, but do not always think about the consequences that their actions may lead to.
You will need
- - notepad;
- - a pen;
- - calculator
Instruction manual
one
Control your expenses. It is important to see what the faults are in your budget. Record all your purchases and expenses to determine where the money goes. Get a special notebook or install a computer program that allows you to put personal finances in order. Consider spending for three months, and then look at which categories of goods and services the lion's share of your funds goes.
2
Live within your means. Your expenses should be commensurate with income. If your salary is very modest, you can’t live on a grand scale without borrowing. Everything seems to be obvious, but some people continue to desire more and chase after things that they cannot afford yet. If you are one of them, go to the next step.
3
Find a way to increase revenue. You may not have realized all the possibilities in your work. Try to get a promotion, and, consequently, a salary. On workdays, think less about shopping and more about how to take place in a professional sense. Maybe you have a hobby from which it is possible to get additional income. Tutoring, website design, everything can bring money.
4
Calculate how much your credit card costs. Maybe you just don’t realize how much money you lose on a percentage. Sit down with a notebook and calculator and calculate how much money the bank takes. If you are not impressed with the amount, transfer it to some valuable things for you. You could have them if you spent money as they arrived.
5
Set a deadline for which you need to squeeze your expenses to a minimum in order to get out of the debt hole. At this time, you will have to abandon many familiar purchases. But as a result, you can start a new life without debts and credit cards.
6
Get rid of shopping addiction. Think about why you are so fond of spending money, and are you sometimes buying unnecessary things. Some people with mindless purchases try to compensate for some kind of inner emptiness. If your shopping trips get out of hand, perhaps you should solve some personal problems.
7
Buy wisely. Starting a new life without debt, buy only the things you need. Going to the store for groceries, make a list. When you want to make a spontaneous purchase, give yourself time to think. Perhaps in a day you will realize that this is a waste of money.
eight
Recognize responsibility for your life. Think about your future and what will happen to you if you do not learn how to manage your own finances. Debts tend to grow like a snowball. Until a person decides that it is time to change his attitude towards money, the swamp of loans will suck it deeper and deeper.