Nowadays, young people generally complain that they are paid a low salary and spend more than they earn, but I learned from a book the other day
Nowadays, unless people can't live on basic needs, they simply don't have to save money.
Indeed, the previous generation was willing to work hard to save even if they could barely make ends meet each year.
In today's era of such superior material conditions, will we really face the dilemma of not being able to save money?
In order to help you solve your own financial problems, I will share a few ways to save money today, which can not only help you say goodbye to the life of the "moonlight clan", but also will not reduce your quality of life, and successfully help you accumulate wealth.
First, learn to save
Once you receive your salary every month, you have to take 10% to 15% of your income and deposit it into a bank card that only comes in and does not go out, or you go to the bank counter and make a fixed deposit for a period of 1-3 years.
This money is like your goose egg, you need to be patient to nurture it, so that it gradually grows.
This money is also your financial shield that can provide you with a better quality of life when you need it in the future. Don't store your money in a bank card or wallet that is vulnerable to the outside world, because what you think is self-control is often not able to resist the outside world.
2. Make a budget
Make a monthly budget with fixed expenses such as rent, utilities, food, etc., and try to stick to it as closely as possible.
This is very critical. This way, you'll have a clear picture of how much you're spending on a daily and weekly basis, including how many times and how much. When using this method, be sure to disable your credit card and credit card, as once you have the ability to prepay, your monthly spending will often exceed your budget.
If you're like me and really want to achieve financial freedom and manage your finances well, then we can try tying all your shopping app payments to the same card, get a clear picture of where each expense is going, and reflect on whether your spending behavior is making sense and how you can improve it.
3. Control expenditures
"Controlling spending" is a key part of managing your finances. Try to avoid unnecessary consumption, such as controlling the consumption of snacks, beverages, tobacco and alcohol, etc., and try to avoid going to high-spending places.
In the Japanese drama "How to Use 3,000 Yen", the heroine begins to change herself and work hard to save money after experiencing a broken love and longing to have a family where she can adopt a puppy.
However, when she was saving money and budgeting with her sister**, she did not realize that the cost of her rented house was too high, and her daily expenses such as buying clothes and going to the supermarket were too large.
Eventually, she moved back to her parents' house and deliberately cut back on her daily expenses. In fact, many of our friends are facing similar problems.
Many people don't realize that a takeaway of a few tens of yuan can actually be converted into cooking at home; A cup of milk tea or coffee can also cost thousands or even tens of thousands of yuan in a year. Changing consciousness must precede action, and changes in behavior and habits can in turn affect outcomes.
Therefore, we can incorporate money saving into all aspects of our lives by gradually changing our consciousness and behavior.
4. Early repayment
It is also a recommended financial management strategy. For car loans and mortgages that have not yet been paid off, they are only your liabilities and not assets.
Therefore, if you can afford it, pay off these large debts as soon as possible, and then the money you have accumulated will be considered your assets. Some people may mistakenly believe that owning a luxury villa and a prestigious car will earn the respect and envy of others. However, true wealth does not come from material things, but from inner peace and love of life.
In fact, the truly wealthy do not care about the opinions of others, nor do they care about external labels, they seek their own net worth, brains and wisdom. Therefore, if you want to accumulate wealth, you must gradually get rid of debt.
5. Invest in yourself
Warren Buffett once said, "The smartest investment you can make is to invest in yourself." "Because investing in yourself can also bring about a corresponding compound interest effect.
For example, if you take 30 minutes a day to exercise, maintain a good routine and eat lightly, your body will be healthier and your chance of suffering from diseases will be greatly reduced. In daily life, read more books, watch excellent movies and documentaries, and your horizons and thinking will continue to expand. In addition, for the field you are good at, you should invest more time to hone and learn, and the compound interest effect is also significant.
These short periods of time do not immediately have a significant impact on an individual's ability to improve or increase their income, but in the long run, they are undoubtedly the most significant.
Back then, Steve Jobs spent a lot of time honing a typeface, and at first it didn't seem to have yielded any results. However, when he began designing the iPhone, the typeface shook the world at once.
Therefore, we can firmly believe that it is always wise to persevere in putting ourselves into something, to dedicate ourselves wholeheartedly to something! This choice not only helps us achieve our goals, but also allows us to grow and progress in the pursuit of our dreams.
It is a well-known fact that saving money requires persistence and patience. However, knowing this is not enough. We need to put this principle into practice.
In order to save money better, we need to be smart and reduce unnecessary expenses as much as possible. At the same time, we also need to continue to learn and improve our financial knowledge so that we can better manage our finances.
Only through continuous efforts and practice can we better master the skills and methods of saving money. These tips and methods can help us better manage our finances so that we can achieve our financial goals.
At the same time, these tips and methods can also make us more confident and independent, so that we can take more control of our lives and futures. February** Dynamic Incentive Program