Do TV news scare you with defaults and next economic crises? Are you saving money to save up for a big purchase? Maybe you just have a desire to make your own capital? In any case, if you are interested in how and what you can save on, then study this article.
Instructions
Step 1
Write down your expenses. To find out what you can save on, you need to know where your money goes. Choose a reporting period, ideally a year, but can be shortened to a quarter or month if your spending is usually uniform. During this reporting period, record every ruble spent to keep track of where you are spending your money. Having determined how much and where you are spending, you can start analyzing your budget.
Step 2
Cross out from the budget everything you can live without. Probably the hardest part is identifying those expenses that are really unnecessary. It all depends on which saving mode you choose. If you need a tough regime, you can cross out just about everything except food and clothing costs (which can also be cut to reasonable limits) and billing.
If your savings are moderate, then you can cross out only those things that you can easily do without. Stop dining out in restaurants, clean up or minimize spending on entertainment. You can also skip overseas vacation trips if you really need to save some money for something very important.
Step 3
Convert liabilities to assets. Perhaps you have some kind of real estate that is idle, but does not generate income. Rent out unnecessary space. Thus, you will save on utility bills and receive additional dividends that do not require time-consuming from you.
Step 4
Save on anything you can save without sacrificing quality. Change your electrical appliances to energy-saving ones, put water meters on.
You can also buy a number of products, saving on intermediaries, if possible. For example, buying necessary goods through a direct sales network. Look out for regular sale shops.
