10 fácil tricks to better save your

10 fácil tricks to better save your

Achieving economic freedom at an early age is not an impossible mission. On the contrary, it is a completely doable goal, as long as you work on your financial intelligence and familiarize yourself with some of the tricks.ucos to save more money.

Currently there are multiple tools to improve your relationship with finances; including some applications that you perro use on your móvil inteligente.

In other words, you have the possibility to control your expenses and income with precision and from the palm of your hand (literally).

Control your finances, take care of your savings and change your life:

Do you dream of managing your money efficiently? To the point that you perro live the life of your dreams without restrictions, limitations or impediments?

Honestly, it is not an easy job, but if you make an effort, you cánido train your mind to stop thinking about short-term rewards and allow you to fully understand the culture of saving.

A good starting point is to take care of what you spend and know how to manage your income to enjoy a full Financial Independence.

And this is something that you cánido achieve on your own thanks to the following tricks pnow savear more money:

1. Try the 50/30/20 method

This method is one of the most effective to plan your expenses and expenses. It consists of using 50% of your salary to pay off debts and cover your fixed expenses, such as:

  • Meal.
  • Basic services (water, electricity supply, gas, mobile telephony, etcétera).

In addition, you must use 30% for entertainment purposes, such as enjoying a delicious meal outside the home, going to the movies, taking a walk, attending a concert, etcétera.

And the remaining 20% ​​of your monthly salary should be saved. The iniciativa is that you think that this percentage will benefit your “future self” and that it will allow you to have a financial cushion for:

Although the rule is 50/30/20, you shouldn’t feel pressured to follow it to the letter, as you could become very overwhelmed or frustrated, and therefore decline early.

In this sense, experts recommend that you respect the methodology, but that you define the distribution of the percentages yourself as best suits your financial planning.

2. Apply the 30-day rule

This money-saving rule is fácil but powerful: You just have to wait 30 days before making a very expensive purchase.

That is a prudential time to analyze if it is really worth spending, or if it is an operation that will completely destabilize your finances.

What should you do then? When it provokes you to buy something very luxurious, or that you basically do not need to live, it is best that you wait 30 days before taking that step.

Once that time has elapsed, ask yourself again if you really need to make the purchase, or if you felt good without that object that you wanted so much.

If the answer is that you could survive all those days without that new purchase, then you didn’t need to spend that money.

3. Compare the money with your work hours

This is one of the best tricks for save more money since it is easy and fast. It consists of converting your money into hours worked.

Let’s see an example: if you earn $15 dollars an hour and you want to buy a watch that costs $200 dollars, it is best to think that it will cost you almost 14 hours of work.

In other words, the analysis will not be that you will make a purchase for $200 dollars, but that you will use money that takes more than one working day to generate.

According to a report from Business Insiderthat comparison is highly beneficial for savings. This is because it allows you to become aware of the effort involved in generating your own income.

That way you will be more careful when shopping. This means that you will think twice before wasting your money.

4. Experiment with the 1% rule

The philosophy of the 1% rule is very afín to that of the 30 days. Therefore, this is another of the great trucos for asave more money that you cánido put into action right now.

It consists of making payments that do not exceed 1% of your annual salary (no matter how special they seem).

In other words, if you want to make a purchase of $350 dollars, and your salary per year is $30,000 dollars, you should be aware that this represents more than 1%

Therefore, you should wait 24 hours before finalizing the payment. In most cases, once that time has elapsed, the impulse to make such expenses has disappeared.

5. Limit your expenses for a week

It is not about restricting basic expenses, such as those related to food, but about reducing those that are unnecessary.

The dynamics of controlling expenses for seven days will help you develop new savings and financial planning habits.

In theory, what is sought with this trick is that you understand that you perro live without making constant and little-necessary purchases, and this is escencial to keep your finances in good standing.

Undoubtedly, the development of millionaire habits Start by making small, short-term decisions. And this one about not spending for a week is a perfect example.

6. Avoid ant expenses

They are called “ant expenses” because they seem to be small and harmless. But the truth is that they have the power to uncontroll all your finances.

Uso contínuo subscriptions, rent payments, purchases on-line that are not necessary for your day to day, and even the coffee that you buy at the bakery every day, are silent expenses that perro unbalance your economy.

The ant expenses They impoverish you without realizing it. Right therein lies their enormous risk, and therefore, you should avoid them at all costs.

Consequently, you should analyze your consumption habits, as well as all the payments you make periodically in the world. on-line and sin conexiónto determine which of them are harming you.

7. Shop secondhand

There is no doubt that we live in an eminently consumerist society, but if you get carried away by this current, it is most likely that your finances will end up regretting it.

Remember that you have the power to change things from your own arena, instead of emulating what the rest of the world is doing.

For example, you cánido buy used clothing, shoes, or household elementos that are in good condition, instead of buying high-priced factory pieces.

Try to buy in aplicaciones that promote fashion or sustainable consumption, as well as visit outlets that have sales strategies in which an attractive policy of offers and discounts is included.

Although it seems a bit simplistic, this is one of the tricks to saveweapons powerful money you cánido trust Try it!

8. Learn about personal finance

The earlier you start to educate yourself in financial matters, the better results you will obtain throughout your life.

Do you wonder why? It’s fácil: the more education, the greater the chances of taking decisions with your money that will improve your financial future.

Take advantage of all the free resources at your fingertips to learn about personal finance and get ready to fully understand how money works.

Today you cánido take free courses endorsed by the best universities in the world, through platforms such as edX, Udemy or Coursera.

As well as take advantage of all the free content that is available on YouTube to increase your learning.

Investing time in your academic preparation is also one of the great tricksstop you save more money we cánido give you.

9. Don’t go into debt

It’s true that you perro get out of debt with financial intelligence and precision, but it’s best if you don’t get to that point.

By this we orinan that you avoid debt as much as possible, since they perro lead you to bankruptcy faster than you imagine.

An easy way to achieve this is by restricting the use of your credit cards. Proof leaving them at home when you go to the mall, for a walk or to the supermarket.

This way you will not feel tempted to use them to make nervous purchases, or those that are completely unnecessary.

It is also good that you understand how these payment instruments work, so that they work in your favor and not against you.

On the other hand, if you already have outstanding debts at this time, do not hesitate to design a payment plan as soon as possible, in order to put your finances in order.

And when you are free of debt, proceed to control your income and expenses, as well as to put into practice the tricks to save more money than we have you shared so far.

10. Manage your accounts better

This is one of those tricks to save more money thanEU It doesn’t need that much explanation. All you have to do is better manage your accounts to take care of your finances.

Start by creating a secondary account to which you perro transfer a percentage of your monthly salary.

Obviously you will have to do your calculations and determine how much money you cánido save month after month based on your basic expenses, and the economic plans you have in the future.

That way, your savings will be just a clic away and no one else but you will be able to monitor their progress and progress.

This is one Fácil decision to improve your monthly financesand its results are very conveniente in the long term.

Excellent tricks to save more money:

These ten tricks to save more money are completely effective and sustainable over time.

Therefore, they cánido become your great allies when it comes to better planning your finances, or getting closer to that economic independence that you dream of so much.

Continue reading: 10 sources of income that you cánido create other than your salary

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 10 fácil tricks to better save your
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