The economic situation is one of the problems that are sometimes of disproportionate importance, we all know that there are more important things, but the truth is that when the end-of-month bills arrive the subject has no variations, or you pay or Your pays. If end-of-month bills aren’t a problem, sometimes it’s the fact that you want something that seems very hard to get. As hard as he tries, he sees the goal far away. It expands the budget and yet everything remains in the desire.
Do you want to be rich? So don’t worry about increasing your assets, but about reducing your greed. -Epicure of Samos-
- Obviously.
- There are cases of those who buy what they want.
- But they are always on the brink of bankruptcy.
- There are very few who never have a headache with finances.
- It is an issue that dominates us and sometimes does not leave us alone.
However, problems do not usually arise because of the amount of money obtained or not obtained, the crucial point is how to manage it, there is peace only when certain fundamental aspects are guaranteed, you can always better control your financial situation, and here you have five steps to achieve it.
It is difficult to talk about economics at a time when consumerism has reached an extreme, in fact we do not talk as much about its wealth as its consumption capacity, they bombard us with offers, promotions and invitations to spend money all. time.
Savings is essentially a habit that is also critical to achieving a stable financial situation, economists specify what the value of this savings should be: 10% of the income, if you think 10% never belongs to you, which is like a tax you have to pay, everything will be very easy. You shouldn’t spend that money for at least a year. You may be surprised at how effective it will be to get what you want and what’s always within your reach.
A good financial situation often collapses due to costly eventuality. Unforeseen home damage, illness or emergency travel is the most common unforeseen events.
That is why it is necessary to create and maintain an emergency fund, again, economists have an answer to the question of how much to allocate to this fund, they say that the right amount is 5% of the income, in this case you must also assume that this money does not belong to you, imagine that it is a debt to your well-being that you have to pay month by month.
This is something that should be emphasized especially for young people, because at an early age, old age seems non-existent. But it exists and can arrive with all its vigour, placing it in a position of extreme vulnerability.
Today we do not always find jobs with all the guarantees of social security, if so it is advisable to invest in a fund or make additional savings for old age, there is also a percentage for this: 15% is recommended. , if possible, more. Having resources in the last phase of life is priceless.
To have a stable financial situation you need to have a monthly budget, it is very important to know how much money we make and how we spend it, especially if your income is not fixed, keeping track of accounts can be annoying, but it is absolutely necessary.
Based on what we have already said, your monthly income has to be reduced by 30%. The rest is what you can really consider as money spent. Some may think that it is too much, but if you analyze it well it is mostly a matter of habit, we know that sometimes returns increase or not even reach, this is due to a lack of discipline with the budget.
Let’s go back to the beginning: we are in an environment where we are encouraged to consume all the time, many ads are destined to make impulsive purchases, so they offer us great attractions, to overcome our resistances.
Without realizing it, you often end up buying things you don’t really need. Even worse: things you didn’t really want. He simply got carried away by the 70% rebate, or by a mode of consumption that doesn’t bring him anything good.
Even if it doesn’t seem like it, money has a lot to do with psychology and organization, its meaning, its use and the consequences of it are issues that are much more in mind than in objective reality, having a good economic situation is crucial for peace of mind. You have to adjust things so that money doesn’t deprive you of sleep.