Topic: Tips to save my finances, to grow personal economy - page 5. (Read 1007 times)

7. Pamper yourself with the specified time portion.
sometimes we need entertainment and fun. so if we usually do it often, for example every week. then make it once a month. because too much frugality can also make us stressed. then entertainment is needed here. provided that the entertainment is not excessive. because if we overdo it even our money can run out overnight.

Of course, investment should not be forced if it interferes with your other needs. Welfare is not only measured by how much money you have, but of course your quality of life must also be good even if the investment is not much. The same goes for work, you should not be enslaved by work. You have to take a break because again, money is not everything in life even though life requires money.

As long as you are able to invest, regardless of the amount ^{[a little or a lot]} then do it to the best of your ability. 5% - 10% of your total income doesn't matter even if you can't always maintain consistency, because the most important thing is that you have it.

Invest a little money for your health as well as for your vacation because you should not only think about the possibility of getting rich in the future about your investment while your health and psychology are compromised. These two things are very important to think about because the body also needs healthy nutrition and the brain also needs relaxation which does not always have to think about money and money.

It's true to live a simple life, but you don't have to cut too much of your life just to prioritize investments. 5% to 10% of your total budget is also a good range for you to invest as long as it is consistent with it. So don't worry too much about it because life isn't just about money.

Invest a little money for your health as well as for your vacation because you should not only think about the possibility of getting rich in the future about your investment while your health and psychology are compromised. These two things are very important to think about because the body also needs healthy nutrition and the brain also needs relaxation which does not always have to think about money and money.

It's true to live a simple life, but you don't have to cut too much of your life just to prioritize investments. 5% to 10% of your total budget is also a good range for you to invest as long as it is consistent with it. So don't worry too much about it because life isn't just about money.

The fifth point is especially important, many people I know fall into the trap of comparing themselves to their neighbors and often buy stuff they do not need or want just because their neighbors did it, also people need to stop buying brand stuff, luxury cars and all kind of unnecessary stuff, a regular car fulfills 99% of the needs you may have for a fraction of the cost, and the same is true for the majority of luxury goods we can find when compared to their regular counterparts.

Yes, so many people fall for this, we call it "Keeping up with the Jones' " so many people feel
the need to match their neighbours.

For some people frugality is very difficult. because everyone's needs are different. and sometimes the cause is a balance between income and expenses. so for example when we receive a salary of $ 250 USD per month and it turns out that our expenses are $ 250 USD per month. then of course the money we receive from the salary will run out and only enough for a month.

maybe these tips only apply to some people and not to some people. because I know everyone's income is different and everyone's needs are different.

The following are tips that I usually do in saving my finances so that they are more effective and can be set aside for saving or investing.

1. Must take note and calculate our income and expenses regularly and consistently every month or week.

this is necessary in order to start saving by looking at our financial condition. and evaluate whether our spending has been done effectively or not. and measure how much we can save later.

2. Buy only what is needed, and put aside the things that are only wanted but not needed.

 so after seeing our financial income and expenditure records every month. so from here we can start analyzing what things we have bought so far that are only based on desires and the things we buy based on needs.
and from here because we want to save money then make our priority only to buy what is needed. and we reduce the things we want but don't really need.
well the result of doing the first step will be useful here.

sometimes people spend more money to buy the things they want regardless of whether they are really needed or not. and sometimes people prioritize wants over needs.

So from here we change the concept of making needs a priority. so we can reduce expenses by not buying things we don't need.
sometimes this step is the most difficult. because it requires a high level of commitment.

3. make the allocation of funds
because we already know which things are needed each month. from here it is necessary to make an allocation of funds so that the effectiveness of the money spent is more allocated.

4. Stay away from excessive lifestyle (excessive luxury) and try to live with a minimalist lifestyle. as usual you usually order fast food. well from here you try to make more of your own cooking. (this is only done by people who are not busy). because sometimes when we pay $5 dollars for a serving of ready-to-eat food for one meal. so when we spend it on fresh ingredients that we cook it can be enough for several meals. (optional)

5. Make a goal (dream to be achieved) to make yourself more motivated.

6. Start saving and investing the money earned from frugality.

7. Pamper yourself with the specified time portion.
sometimes we need entertainment and fun. so if we usually do it often, for example every week. then make it once a month. because too much frugality can also make us stressed. then entertainment is needed here. provided that the entertainment is not excessive. because if we overdo it even our money can run out overnight.

simple life but still fun.

maybe you can add tips from your experience all.

Thank You.

The fifth point is especially important, many people I know fall into the trap of comparing themselves to their neighbors and often buy stuff they do not need or want just because their neighbors did it, also people need to stop buying brand stuff, luxury cars and all kind of unnecessary stuff, a regular car fulfills 99% of the needs you may have for a fraction of the cost, and the same is true for the majority of luxury goods we can find when compared to their regular counterparts.

4. Stay away from excessive lifestyle (excessive luxury) and try to live with a minimalist lifestyle.

If we don't think about the future, we will regret it, what's wrong if we only focus on today, but we are not enough to just think, it's better to take concrete actions such as investment and learn to continue to develop business so that our future can become better.

I really didn't think about the future for a moment. and I only care about what I'm currently running. maybe I forgot that sometimes life can change. and we must be prepared for any changes to come.

1. Must take note and calculate our income and expenses regularly and consistently every month or week.

this is necessary in order to start saving by looking at our financial condition. and evaluate whether our spending has been done effectively or not. and measure how much we can save later.

2. Buy only what is needed, and put aside the things that are only wanted but not needed.

 so after seeing our financial income and expenditure records every month. so from here we can start analyzing what things we have bought so far that are only based on desires and the things we buy based on needs.
and from here because we want to save money then make our priority only to buy what is needed. and we reduce the things we want but don't really need.
well the result of doing the first step will be useful here.

If we don't have motivation like ideals. so sometimes we forget the importance of a savings for the future. but the biggest motivation is when it comes to our family. like a father who has a child. and the father aspires to give the best for his son's future. Usually people like this always work hard and will be diligent in setting aside money to save or invest. for their future child or family. so really look for an important thing like a dream to grow motivation in yourself.

This is a good savings factor. It will engineer you to make savings available when you have goals to achieve and with the kind of goal, it will determine the amount needed to save and within the time it is needed. It is not only about saving that matters but also how long time that it took you to achieve it. Depending on the need for the savings, you can have different levels of savings and proper for the changes that will occur in your finance or challenges that it will involve.

sometimes I can't stop myself from spending money into everything I want. although I don't really need it. But the lifestyle sometimes makes me a person who is extravagant in managing finances. now i know the reason i always buy the thing i always want regardless of whether i need it or not. Turns out I didn't have a dream that I wanted to achieve. I like living aimlessly to a higher place. therefore I have always been extravagant. because I have no motivation to push me. but after reading the 5th point that is
I guess this is what I haven't thought about for a long time. this is what i'm missing. and from now on I will make dreams and goals to be achieved. so that I become motivated to save money. and I now remember that I once had a forgotten dream.