The earlier you start your savings plan the better. Saving and creating an emergency fund is imperative to have proper management of personal finances.
Here are some simple tips. Some we have already covered in depth in the
previous articles
.
Whether setting aside money to buy a home or launching a business venture, saving money is an essential skill for managing personal finances effectively.
The reported methods can help you save money every day, but it all starts with us: are we ready to commit and put money aside for a more peaceful and solid future?
If the answer is yes, we just have to start now.
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 #06 Dedicate 30% of income for personal expenses
Plenty of people suggest using 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.
Good financial advice #05 Devote 20% of income in savings
A good way to save is to follow the 50-30-20 rule that suggests using 50 percent of income for necessary expenses, 30 percent for personal expenses, and 20 percent for savings.
Good financial advice #04 Spend one minute of money a day
To be always sure of one’s financial and, therefore, economic situation, one only needs to devote 60 seconds each day to money management. How? Checking on investment trends, news, and important news.
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