How do you handle your money?
Do you want to have money left at the end of the month to do fun things or are you tired of always biting on a piece of wood? By handling your finances better, you also save money for fun outings and more luxurious purchases. Do you want to know how you can handle money better ? Then read on quickly. In this article you can read all about how you can handle your money better.
Table of Contents
- Insight into finances
- Fixed charges
- Unnecessary expenses
- A goal in mind
- Save smartly
Dealing with money = insight into finances
The first step in more financial freedom and better money management is, of course, insight into the business. Do you actually know what comes in per month and what exactly goes out? Take the time to include your account statement.
List income and expenses for the past few months. Make a distinction between fixed expenses and individual purchases and expenses. This way you have a foundation to start with. What do you spend a lot of money on and where could you still make changes?
Did you know that you can save on the fixed costs yourself ? Add your overview again. How much do you spend per month on electricity, internet, telephony and more? By investing some extra time in comparing suppliers of these products and services , you can switch to another supplier. You can already care a lot per month. Saving on fixed costs provides you a lot for the long term. That is dealing with money.
When you have your basic overview of your expenses , you can sometimes be shocked. Can you only now see how much you spend on snacks or a nice cup of coffee on the go? Subscriptions to streaming services, magazines, associations and more can also generate a lot of monthly costs. A good way to immediately save more money is to limit your unnecessary expenses.
TIP! A good way to reduce unnecessary expenses is to ask yourself about these expenses, “ Does this really make me happy? ”. For example, do you have a subscription to the gym, but do you not go regularly and do you actually not enjoy it? Then it is better to cancel this subscription and choose a sport that makes you happy. And it immediately saves some money.
A jar for this, a jar for that
Budgeting is nothing more and nothing less than jars for this and jars for that . By having fixed pots for various things, you know exactly what you are willing to pay for. A smart way is to make a separate jar for groceries, gasoline, clothes, outings and more. Don't forget to have a pot for 'Other expenses' every month. In this way you avoid having to get money from your other pots.
TIP! You literally tackle this method of budgeting. At the beginning of the month, pin the money you need for the jars and put the money in here. In this way you keep money in your account that you do not have to arrive. This way you always have something on hand for when needed or you can save with this amount.
When you have a fixed amount for groceries , you avoid buying unnecessary products and the chance of food waste is also immediately a lot smaller. When you go to the supermarket without a budget or shopping list, the chance that you pay a lot more is a lot higher.
Because you have a pot for everything, you never have the feeling that you have to leave something. Do you have a jar for other expenses and is the jar with onions gone? Then of course you can use this jar to go out on the terrace with friends. The nice thing about these jars is that if you have something left from the jars at the end of the month, you feel like you have a little extra.
Smart budgeting gives you a better view of your expenses. You know how much you have to spend and where these expenses are going. After a few months you may find out that, for example, you need less in the jar for clothes and more for groceries. Don't be afraid to adjust the amount. A realistic budget is always a lot more successful than a budget that is too tight.
If you want to manage your money better, saving is necessary . Do you want more financial security? Then make sure you always have a piggy bank on hand. This can come in handy when you have unforeseen costs.
In addition, savings are of course also very useful when you have something to be desired. Do you want to start a new dress, car or your own company on vacation? Then savings are very important.
A goal in mind
Do you also want to have money so that you can go on vacation in the summer? By having a clear goal in mind , saving is always a lot more successful. Saving to save is difficult for many people. The first, the best opportunity is then used to use the savings. Therefore, when you start saving, make sure you have a goal in mind. Is it for extra financial security or for a holiday or a new car? With a goal in mind, you are more likely to put aside some money.
Saving smartly also means dealing with money
Did you know that saving today doesn't have to be difficult at all? There are many banks that help customers to save smartly. That way you don't have to lift a finger at all to have some money in reserve.
- First of all, it is important to create a separate savings account . This is an account that you do not use to pay, but where you can put your money aside. There are many different savings accounts and different interest rates.
- Always choose an attractive interest rate that you can receive on your savings. This way you automatically increase your capital.
- You can automatically transfer money to this account every week, month or quarter. It is smart to do this, so you save without realizing.
- You can also save smartly by turning on the option that a percentage is automatically transferred to your savings account with every pin payment . This saves you money every time you pint! View your options at the bank for saving.
Saving is a safe way to grow your wealth . Do you know what's going on in the world and do you dare to take a gamble? Then you can also invest with your savings. It is always recommended to only invest with money that you do not need immediately. You can 'earn' a lot of money by investing, but it can also cost you a lot of money.
When you invest smart, you can quickly make a profit. Nowadays you can also make use of handy fund investors . Choose a selected fund you want to invest in and enjoy the profit without investing further yourself.
Conclusion on handling money
Handling money properly is a lesson that everyone learns through life. Nevertheless, with a number of handy steps you can quickly manage your money better and have more left over at the end of the month. Budgeting, saving and investing are simple ways that will leave you more money at the end of the month. Or earn some money at home.