So, dear friends, take a cup of coffee (preferably espresso) in your hand and get ready to talk about finances. All who are only 25 or who have recently passed this line are in the same boats..
Many live in cities and regularly face high prices for all services or goods. This creates great difficulties in saving money. And saving is necessary, especially if you managed to study at the university, but are still at the beginning of your career. So let’s talk about what you need to pay attention to when maintaining an independent budget when you are 25 years old. Read these financial tips and think about changing your money thinking or lifestyle..
Large sums of small household items
Every day we spend money on a bunch of things that we just forget about: toilet paper, bananas, coffee mugs, etc. What about the internet? Pay TV? Electricity?
Some of these amenities are not cheap. Have you ever studied carefully the monthly electricity bill in summer and heating in winter? If you have air conditioning, you will pay a fortune. All these trifles, at first glance, should not be taken for granted. Now let’s move on to more complex reasoning..
Without discipline, you waste money anyway
It’s about money that you could save. How to verify that it is possible to do? Just imagine that you are sorely lacking funds to pay for one of your vital bills and you can be disconnected from the world wide web or electricity network. You would immediately find a way to earn, save, reduce your expenses, tighten your budget and pay this money. Discipline is something that includes any financial advice for all people..
The main problem is that people are not disciplined in personal finances
If someone does not comply with financial rules, they simply do not have extra money, which means that there is no problem with what to spend it on. But this is a bad strategy that cuts the wings of your future. Many of yesterday’s graduates of universities and colleges cannot save even 5% per month from their income and live from paycheck to paycheck. Only one way out – you need to force yourself to save money.
Give up luxury
You can ride an electric train or subway, and not pay for a taxi, buy food at a discount and always turn off electrical appliances before leaving the house. Rather, it must be done, otherwise it is almost impossible to pay your bills and at the same time live, and not exist. Otherwise, expenses grow faster than revenues. Regardless of your work and occupation, you will always live according to your means. And you can’t save if you don’t have the discipline to do this.
What do we have to do?
To get started, take your salary. Subtract from it the amount consisting of paying all bills that meet your minimum needs. Add undeniably important expenses and expenses, such as products, loans, car maintenance, and so on. Think about what minimum you can really live on. After that, you need to add about 5-7 thousand rubles on top of this amount. This will be your reserve for a rainy day – use it 1-2 times between salaries if you can not cope without debts or if unforeseen expenses arise.
What to do with the rest of the amount?
Everything that you have left on top of the calculated funds can and should be sent to your own bank account. It will seem to you that you do not want to do this, that it is better to spend more money, but believe me, it’s not worth it. Make yourself go through this complex, financially limited path for a whole year.
Not only will such an approach (or even an experiment) teach you how to save and think rationally, so you will also end this year with a healthy and positive savings account. You will immediately feel that you have solid ground to stand on two legs in your life. Saving money is the best financial advice you need to follow at age 25, even when it’s most difficult for you to save your own money..
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