Good Lifestyle

Who does not want to be financially independent and save a money every month? If you are also part of this group, we have good news! In this article you discover 8 tips to help make your monthly budget, put it into practice, and save an amount for your future.

1. Have a goal

Making a budget is an essential part in anyone's life, especially those that have difficulty managing money that enters the bank account. When we have a definite goal, we have more clarity and motivation to follow the rules of our portfolio.

So always have a goal in mind - and when to reach it, create another! It can be take a trip at the end of the year, buy that product so dreamed, or even join money to buy a home! But what we really recommend is that your first goal is to set up an emergency reserve.

2. Focus on the emergency reserve

The name already says everything - the emergency reserve is that money stored only for emergency moments! This includes medical emergencies, lose job, the refrigerator pifar ... using your own money to solve a problem is much better than you need a loan, so have at least 3 months of your life cost in a bank account.

3. Have a bank account just to save

When we keep the money in the bill we used in a day-to-day basis, it's easy to get out of trouble and take "just a little bit." The ideal is to create an account in a digital bank, which is easy and fast, and use this account only for money spared.

4. Analyze the bank statement of the last 3 months

Before you make your budget, take paper and pen, then write down all the expenses of the last 3 months and the exact place where the money was every time you used the card. Did you notice? Now you can see what are the largest areas of monthly expenses and how much you are spending on unnecessary things.

This analysis also helps a lot in the budget creation process.

Make a monthly average energy bills, water and gas, see exactly how much internet spent, rent or house financing, market purchases, and everything else that is recurring. If you are struggling to join money, I have identified things that can cut, as signatures that do not use and push purchases.

5. Use the 50-30-20 method

When you are doing the monthly budget, the tip is to use the 50-30-20 method. With this method, 50% of its gains must be for essential spending, such as housing, children's school, energy, internet, light, and all the things you can not live without; 30% would be for expenses that are not essential, how to eat out, or buy that blouse, and 20% are to save, invest and pay debts.

6. If you pay first

After identifying all your recurring monthly expenses, it is important to follow the budget always paying yourself first.

For example, if you are dedicating 20% ​​of the salary for the emergency reservation, as soon as you receive the salary, spend 20% of it for this reservation account, and only then pay the debts and the accounts of the house. This helps not fall on that problem of spending nonsense and avoids you who without a penny at the end of the month to save.

7. Buy less things

I think you realized that, to follow the budget very well, you will need to buy less, do you? The good side of this is that if you follow the 50-30-20 model, you will only have 30% of the amount you earn for superfluous things.

8. Change the budget when it does not work

The 50-30-20 budget is not working for you, even after several attempts? So it's not ideal for your case! It is necessary to adapt the budget when it does not work, and also according to the changes that take place in your life.