Dedicates 30% of income for personal expenses
A great many people suggest, in application of the
50-30-20 rule
or advice from major industry figures, to use no more than 30 percent of monthly earnings for personal expenses, i.e., travel, dinners out, birthday gifts or subscriptions to gyms, newspapers and more.
If you have a monthly budget, you can plan for extra expenses and avoid spending more than you earn on something superfluous.
Here, too, the use of the
financial diary (click here and find out what it is).
Find out who we are
We deal with over-indebtedness prevention related to usury risk every day throughlistening, counseling and support. We are approached by employees and retirees who are in a situation of imbalance between income and expenses and cannot pay their debts.
In the video we show you the steps to follow to receive free support.
If you find yourself in a similar situation, please contact us!
Learn about other financial best practices
Good financial advice #22 | Watch less TV
Television is definitely a source of shopping inspiration, advertising unfortunately stimulates and ignites cravings and needs and pushes us to buy perhaps unnecessary items.
Good financial advice #21 | If you can buy it twice you can afford it
Shopping is an activity that has become easier and more fun over the years. Shopping, online or offline, has never been easier. This over-simplification of the purchasing process, however, hides some dangers that may lead us to not think through the purchase and thus overrun our budget. Here are some simple but useful tips to avoid crazy purchases.
Good financial advice #20 | Read a financial book every year
Reading to be more informed and to understand what strategies to adopt in managing personal finance and what mistakes not to make is the first step in increasing our knowledge.
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