No wonder the famous industrialist and wealthy man Henry Ford said that the money saved is the money earned. Indeed, in order to increase your well-being, it is important not only to pursue growing earnings, but also to scrupulously reduce costs, while preserving what has already been received. To cut costs, try the following technique.
Instructions
Step 1
Do your own financial planning. Despite the loud name, there is nothing difficult about it.
• First, make it a habit to carefully collect all receipts for all purchases and expenses, from tickets for travel to receipts for utility bills. Place them in one place, such as an envelope.
• Secondly, make a table on paper or on a computer, the rows of which will be all your expenses, even the most insignificant ones, and the columns - the amount of money spent over a certain period of time.
• Third, empty the envelope of receipts once a week and fill out the expense sheet for them. At the end of the month, count the total for each row.
Step 2
Now that you have a complete picture of costs, it's time to start thinking about how you can cut costs. Surely, in the financial result of the month, unplanned purchases were visible, without which it was quite possible to do. If so, start working in two directions:
• Calculate the average compulsory expenses for the month. It should be more or less constant. Try to go beyond these limits in the future only in extreme cases;
• Look for new ways to reduce operating costs.
Step 3
Focus on cost-cutting opportunities that are easy and invisible, such as:
• The cost of mobile communications can be guaranteed to be reduced in almost 80% of all cases. At the same time, the range of options is extremely wide: from switching to a more affordable tariff to using Internet traffic for voice calls.
• Before going to any stores, make a list of necessary purchases in advance. Refrain from impulsive acquisitions. Do not believe the flashy inscriptions with the word "Discount".
Step 4
Get in the habit of saving 20-30% of your income. For this, come up with any goal, even an abstract one, for example: "To the life of heaven." And strictly adhere to this rule, as much as you would not want to stop procrastinating. After all, in the end, by violating it, you will deceive, first of all, yourself.
