👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.
I guess I'm one of the lucky guys around the world because I have a partner who is very expert in budgeting our salary.99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.
She's good that even though our salary is kind of small compare to others, she can still budget it, and we still have extra funds for investing into different assets.
I guess budgeting is a big factor to any couple. For me, it's a necessity already for a couple and I believe that one of them (or better of 2) must know how to budget their salary on a monthly basis, or they might be having a hard time financially in the future. For me, budgeting is a need if we want to succeed in life. Knowing how to budget your money will help you survive if the worst thing happens. Might be off-topic, but the pandemic thought us to save money. The pandemic thought us that we should've some emergency funds, and that's part of budgeting as well. It's hard to budget at first because you might come to a point that you need to sacrifice something for the betterment.
👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!
Every time I go shopping, or I need to buy groceries, I always have a list of things that I need to buy, and I always have the exact amount of money that I need because I don't want to overspend. Not having a list when buying things in a grocery is a recipe for disaster because you might end up buying things that you don't need.This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!
👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.
Not only in money, but all things in life. We must know when to say NO when needed. This is my problem at first TBH. It also come to a point where I will always say YES to everything, and in the end, I was the one who doesn't have anymore. In money, don't get attracted into some sales when you are shopping. Learn to say no to 50% sales, learn to say no to some discounted things out there. Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.
