10 tips to save money at home: Do you have to borrow to pay for the bus at the end of the month? Do you juggle to make the food yield? Are you behind on utility payments? Is the dream of traveling getting further away?
Saving sounds easier than it sounds, but it is essential to avoid these situations. If you identified with any of them, you need to start making your budget and follow these 10 tips to make your money grow.
Change of habits: 10 tips to save money at home
When we talk about saving money, we are not referring to saving a bill from time to time in a pig, in a drawer, or under the mattress.
The key is to take small actions that drive a change in your financial habits. The best thing is that you won't have to complicate yourself too much.
Prepare a budget: include both income and expenses and obligations for the month. Divide them into categories, including savings, for a better plan.The outflow of money should never exceed the total amount that you will have available in the family budget for the month.
Keep a record of expenses: write down all the purchases to know if you meet your plan. You can do this in Excel, in apps (like Money Lover, Mint, and Budget), or on your phone's notepad.
A drink here, a "small snack" there, everything decreases your liquidity. Learn to recognize expendable expenses to eliminate them.
Avoid getting into debt: sometimes it is unavoidable to apply for a loan. Although the recommendation is not to assume these obligations unless necessary, if there is no other option, try to have conditions that fit your current situation.
Another strategy is to pay a sum of money in advance; the monthly installments will be lower and you will be able to get out of debt faster.
Pay your debts: give priority to paying loans and cards. Paying off these commitments will give your budget a break. If you have different types of debt, a portfolio purchase may be a good option.
Save a fixed amount: you do not have to start with large amounts, but you do have to commit to saving each time you receive your payments (weekly, biweekly, monthly, per project).
Golden tip: keep the money in a different account than the main one, so that you are not tempted to spend, and automate the discount from your main account to the savings account.
Set goals: do you want to take a trip, remodel the house or buy a car? Setting specific goals can be extra motivation when it comes to saving money at home.
Some say that focusing on the goal, and placing a photo in a visible place helps with that task. The important thing is that they are realistic goals.
Reduce service bills: be more aware of the consumption of electricity, gas, and fuel. Even consider changing your cable TV, internet, and cell phone data plans to more suitable ones.
Generate extra income: why not take advantage of your skills and free time to increase your income? Those earnings will help increase your savings.
Consider offering freelance services on platforms like Workana, Fiverr, Freelancer.com, Upwork, or launching a startup.
Improve your habits: reducing lunches on the street and preparing them at home have an impact on your budget, so you can save money while taking care of your diet.
Start biking or walking instead of public transportation, visit parks and museums with free admission, participate in outdoor activities and take advantage of seasonal offers.
Sell online: we all have a lot of objects that we do not use. Separate and classify those that you can sell as second-hand products.
Pages such as Linio, OLX, and Mercado Libre are among the most used in the country. The money generated goes straight into savings.
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