Now almost everyone can take a loan for a car, apartment, education. Unfortunately, the loan does not help to live with dignity, but on the contrary worsens the material condition of the family. Many borrow money from the bank, even if they are unable to return it. The borrower first needs to calculate his financial capabilities, and then borrow money. The main secret of living without credit is living within your means and planning a budget.
Instructions
Step 1
Lack of funds is a common problem, but it can be solved with the help of additional side jobs. When a family takes a loan without thinking about further payments and interest, then serious troubles arise that can turn into tragic consequences. If money runs out long before the salary, then it is worth thinking about budgeting.
Step 2
It is worth borrowing money only as a last resort. It must be remembered that the debt will have to be repaid, and the salary will not increase next month. A good way not to go into debt is to save up for a treasured thing for a certain time, putting some of the money in an emergency reserve.
Step 3
You need to spend on purchases only the money that you have in your wallet. Don't rely on the virtual bonus that was promised at the end of the month. You should lend no more money than you can donate. Thus, you will help the borrower and not harm the family budget. If there are no extra funds, then lend only on good collateral.
Step 4
It is not for nothing that all enterprises constantly keep reporting on expenses and income. This helps to assess your financial capabilities much more clearly. The same should be done with the family budget. Household expenses and income should be recorded daily. To maintain such reporting, you can use a regular notebook or a special program on your computer or phone.
Step 5
At the end of each month, it is necessary to summarize the funds spent and received. If costs exceed profits, then you should determine where the extra funds go. The family budget should be enough for at least the minimum needs: food, utility bills, manufactured goods, school and kindergarten expenses, gasoline, clothing.
Step 6
Each working family member must contribute an amount to the budget, which will be enough for his maintenance with a small margin. If there is enough money for the minimum needs, then you can start saving.
Step 7
If there is not enough finance for the minimum needs, but it is necessary to make savings, then there are two ways out. First, you need to cut costs for food, manufactured goods, etc. Secondly, you need to find additional income. It is advisable to save money on a monthly basis for a rainy day. These funds will be earmarked for the purchase of household appliances, improvement of housing conditions, for vacations, etc.
Step 8
You need to make sure that money is constantly flowing into the family fund and is not spent on everyday trifles. Thus, a financial reserve will appear in your family. When there is an urgent need for funds, you do not have to contact the bank. It should be remembered that you need to return money to your family's fund as strictly and on time, as if it were a bank loan.
