When faced with a difficult financial situation, the best way you can do is to downsize. But sometimes saving just isn't enough to make enough monthly salary before the next payday.
How can you save money if your monthly salary is always used up to pay credit card bills or loans that are too high. It seems that life will always be in the vortex of debt that makes the chest tight.
Actually, this happened because of our carelessness in managing spending patterns and financial income. If frugality has become part of a lifestyle, of course financial conditions will be more organized.
Don't say it's difficult, but try to consider the following tips so you understand why frugality can be a surefire solution when a crisis hits your wallet.
1. Look for Additional Income
Instead of just taking advantage of discount prices when you want to make savings when shopping. It would be better if you start thinking about adding income. Given the fixed salary while the needs are often uncertain.
How can? Isn't it hard to find a job that gives a lot of salary now? don't rush into negative thinking first. Instead of looking for a new job, but look for additional income aside from a fixed salary that you always receive every month.
There are many side business opportunities that are widely spread both online and offline which if you are observant, this could open up opportunities to earn extra income without having to leave your current job.
For example, you can start selling online that doesn't require much capital, or if you have good academic skills, you can give courses. And there are still many other opportunities. Having a permanent job with a large income is indeed the hope of everyone. But when what you want doesn't match reality, you can begin to change it by making a living rather than just complaining.
2. Pay Attention to Amount of Expenditures
Many people don't care much about what they spend when they have money, because they think they can manage it well. But after being recalculated, the amount of the shopping bill turned out to be far from what was previously calculated.
This is wrong, it should before spending monthly money at least make a budget. So that expenses can be controlled and there is no leakage of bills, but don't forget to try to comply.
Knowing the size of the budget, will help you manage finances by adjusting the cost of living needed to start saving money. Therefore it is important to always know what you spend each month to ensure that expenses do not exceed your income.
3. Evaluation of Other Costs
Sometimes even though you have cut your monthly budget and pressed it down, there are still costs that make you have to spend more deeply. Re-evaluate any costs that can be avoided and minimized expenditure. Costs that should be minimized include such as.
Late charge,
Cash withdrawal fee at the ATM
Home call charges,
Electricity and water bills,
And many other costs.
The more you are able to reduce these costs by dropping into your monthly budget, the more secure your wallet will be.
But look at your abilities, don't push yourself. Because frugality is truly the art of managing finance and not an obstacle. With frugality, it is not only finances that become more controlled, but all aspects of your life will also begin to be controlled.
4. Don't Forget to Set aside Some of the Income
Big or small income earned, you will always feel it's never enough. Because humans are in essence never feel satisfied and sufficient with what they have. Nothing wrong with setting aside a portion of monthly income in savings that is separate from other money. And don't open it if there isn't something urgent.
5. Stay away from the Wasteful Lifestyle
Sometimes when you see someone who is stylish by driving a luxury car and wearing clothes and branded bags from the world's top brands, there is a desire to follow that lifestyle.
Luxury lifestyle is indeed the right of every person, but first look at your financial capabilities. Do not want to want a luxurious lifestyle but inadequate income then finally owe only to a glamorous lifestyle that is not very wise at all.
It would be better if you live according to your abilities and do not force yourself or are jealous of the lifestyle of others who are all well. Learning to accept yourself and live according to your ability will make you more able to control the desires of a moment that is detrimental.