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 #10 Start saving early
The earlier you start your savings plan the better. Saving and creating an emergency fund is imperative to have proper management of personal finances.
Good financial advice #09 Spend on experiences, not things
Did you know that the best way to spend one’s earnings is in experiences? Objects leave time for themselves, while experiences make you happier and allow you to have fewer second thoughts about spending.
Good financial advice #08 Create a spending mantra
Choose a phrase that can help curb your purchases and rationally choose what expenses to make and how to use your budget.
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