The best way to save money is to not spend it.
The quickest way to riches is usually also in saving instead of earning more.
Not spending means delaying expenses.Also, of course, you only buy cheaply. At Etos, Kruidvat and Albert Heyn, some products have always been discounted again. Often two articles for the price of one. You can then save for a half-year. Andrélon, Dove, Nivea, hair dye, toothpaste, Listerine, canned beans, canned tuna, to name but a few. Of course you can also buy similar products at Lidl.
Many can also buy secondhand.
Modern electronics in the cheapest price range.
No car but bike saves you the money and time for fitness.
Of course you also want to jump out of the band occasionally.This can be excellent with one or two euros.
Significant savings in energy.Do you need a refrigerator and/or freezer. And if so, it is in a cool place. Shower (hot water) also costs a lot. Sometimes you can also save a lot with isolating. If you have more than 100 euros energy costs in the month you pay too much. 50 euro is then a nice target. O
The best you have is a vice that you continue to give, but a cheap one.
The advantage of saving is that money attracts more money.First you have a few hundred euros behind the hand and then a few thousand. If you suddenly need it, you don’t have to borrow it.
It is also very important that you do not help other people unless you reserve money for it.Especially if you have a small fortune you are attractive to people without money. Some really in distress, others especially wasteful. If you are economical then there is no reason to help people who are not frugal. In some cases, twenty thousand can help someone completely out of the need. You do this at most as a loan at 5 or 10% interest, after you have convinced yourself that the loan is paid back smoothly, or with collateral. The same can also be with smaller amounts. Risk-less borrowing.
Wouldn’t it be fat if there was a magical formula or trick with which you never had to worry about money or your finances?
While that may not be realistic, there are some simple things you can do to improve your financial situation.Try these five steps to arrange your personal finances nicely. Following these five tips will reduce your financial problems. In the end, you will enjoy a debt-free life, in which you save for the future and build up a good creditworthiness.
Determine your financial goals
Take the time to write down your long term goals.You may want to spend time on a world trip, invest in an investment property or perhaps retire. All these goals determine how you should plan your finances. For example, if your goal is to retire early, that depends on how much and well you save your money now. Other goals, such as buying your own house, creating a family, making a career switch or moving will all be influenced by how well you are dealing with your money.
When you have written down your financial goals, start setting priorities.This will ensure that you pay the most attention to the goals that are most important to your personal situation. You might also be able to write your goals in the order you want them to be achieved. A long-term goal like building a pension requires you to work it, while also working on other goals.
Here are some tips to help you achieve your financial goals:
– Set long-term goals if out of debt, buy a house or retire early.These goals are separate from your short term goals.
– Set short-term goals, such as creating a monthly budget, reducing your spending and paying off your debts.
– Give the most priority to goals that help you to establish a healthy financial plan.
Run your plan
A financial plan is extremely important to help you achieve your financial goals.
The plan ideally has several steps and milestones. For example, an example of a financial plan is a monthly spending budget or from the debts coming in increments.
When you have paid off your debts and have your finances in order, you might have some money.You can then use this money to achieve your further goals. Again, it is extremely important that you set priorities. Work slowly on your long-term goals as retiring but focus also on important short-term goals. Do you want to make a fun outing or perhaps start investing? Buy a house or start your own business? These are all things you have to think about when deciding your next step.
Your goals, along with an ‘ emergency pot ‘, will help you no longer take your financial decisions on the basis of fear.From now on you are in control of your situation.
When you want to write a financial plan, think of the following things:
– Your budget is decisive for your success.It is the tool that gives you the most control over your financial future. Your budget is the key to achieving the rest of your goals.
– Stay busy with your long-term goals, like saving for your retirement.It doesn’t matter which step of your financial plan is currently.
– Building an emergency fund is another useful factor in preventing financial stress.Keep enough money behind for example, destroying electronic devices or paying an unexpected fine.
Define and maintain a budget
Your budget is one of the most important tools that will help you become financially successful.It helps you create a spending plan that allows you to allocate your money in such a way that it helps you achieve your goals.
You can make your budget as high-level or detailed as you want, as long as it helps you achieve your ultimate goal.Spending less than you deserve, paying off debts, creating an emergency fund or saving for the future.
A budget also helps you decide how your money will spend over the next few months and years.Without a financial plan, you might waste money on things that seem important now, but don’t improve your future. Many people no longer see the forest through the trees and become depressed by not getting the financial milestones they want to achieve for their family.
Don’t forget to celebrate the small victories along the way.Congratulate or treat yourself if you have paid off (part of) your debt, or reward yourself when you have held a month on your budget. If you’re married, you need to collaborate with your partner on a budget that’s fair to both of you. You also have to come together with it. It is as good as both parties are working equally hard to achieve the different goals. By budgeting together you can avoid money-related quarrels.
Here are some tips for married couples who want to create a budget together:
– Leverage an envelope budgeting system, which uses cash, to build financial discipline.
– Use budgeting software with a mobile app so you can enter, track and monitor your expenses in real time.
– Plan ahead and avoid spending too much money.
Paying off your debts
Being guilty is a huge obstacle when it comes to achieving your financial goals.That’s why it’s most important to get rid of your debt first. Set up a plan to pay off your debts to make it faster. For example, you can use minimum monthly instalments, but with extra money you pay one particular debt faster.
After you have paid a debt completely, you use the money that you would normally lose to pay off your first debt, to pay off your second debt etc.This way you create a debt-payoff snowball effect.
When you are completely out of debt, you can turn yourself out of the debts to stay.Letting your credit cards at home can be a smart strategy. Building an emergency fund to be able to pay unexpected expenses is also a clever idea. This prevents you from using your credit card (s) in the event of an accident or unforeseen issue.
With these tips you can pay your debt faster:
– Sell unused or unintended items in and around your house on for example marketplace to earn extra money.Use this extra money to pay off your debts.
– A second job can help you get out of debt faster and may be needed if you want to make quick or lasting changes to your life.
– Look at areas where you can minimize your spending even further and maximize your freely disposable income.
Don’t be afraid to ask advice
When you have some money on the side and you want to start investing, you can agree with a financial adviser to help you make the right decisions.A good adviser will tell you the risks that come with investing and help you find products that match comfort level. Also a healthy return and the quicker achievement of your financial goals is important. A financial advisor can also help you budget, which is also a plus.
You can also find financial help on the Internet.For example, on a website as Online stock trading.When you receive the online Trading newsletter, you regularly get useful articles in your mailbox that will help you become more financially successful.
Investing is a long-term strategy that helps you build prosperity.Whether you want to invest your money or invest yourself, there are many agencies where you can invest.
All about investing, saving and personal finance can be found at onlinehandelen.com/personal-finance