by According to statistics, many people live from paycheck to paycheck. Some, with a low level of income, simply have nothing to put off, others do not know how to control and properly distribute their funds. Such problems lead to life on credit and even more expenses due to bank overpayments. However, things are different in every country. Most citizens in the United States also spend their entire monthly income without a trace and keep no savings. According to research by the Times magazine, 76% of Americans live from paycheck to paycheck. The reason for such apparent carelessness lies in the habit of living on credit, which is especially developed in the USA. Young people take out loans for education, after creating a family, they take new loans for real estate, one or several cars.
In this article, we will tell you how you can save the family budget reasonably, while not limiting yourself too much. If there are still a few days before the salary, and you need to earn money quickly, you can try to place bets at a bookmaker. In addition to regular betting, there is also live betting – you will not only enjoy real-time betting, but also be able to win good money. But before placing bets, you need to study the features of betting well so as not to lose money.
General rules, methods and principles of economy
The main rule of economy is to spend less than you get. Following it, you can set aside money for major purchases, ensure financial stability and confidence in tomorrow.
Among the methods of saving can be distinguished:
- control of the level of income and expenses;
- planning regular and occasional purchases;
- search for alternative options when choosing goods and services.
There are also several principles of reasonable budget allocation that work both for one person and for a family. Consider a few of the most effective and common.
The 50/20/30 principle
According to its creators, all vital expenses should account for half of the monthly income. These include the cost of housing, utilities, food, transport, necessary clothing and household items. 20% of each salary must be set aside for a savings account or sent to pay existing debts. 30% is spending on pleasure: entertainment, travel, optional purchases. The 50/20/30 principle helps you set aside one-fifth of your annual income without much effort and supports self-motivation – almost a third of your salary can be spent on entertainment.
The principle of several envelopes or piggy banks
It also implies a planned division of the budget, but already into more parts.
Example:
- 50-60% for current needs;
- 10% for large planned purchases;
- 10% for training and development;
- 10% for entertainment;
- 10% on deposit.
If you reduce the required expenses, you can allocate more funds for entertainment or for development and a deposit. Some include mandatory deductions for health, gifts, repairs, charity. Each part must be put in a separate envelope or piggy bank. The funds for the deposit should be sealed or transferred to a savings account in a bank in order to exclude misdirected expenses and receive additional interest. To make it easier to control and adjust spending, you can set a limit not for a month, but for a week.
The principle of distribution based on real costs
For several months, keep track of how much you spend on what, cutting down on your expenses if possible. Analyze the received figures and, on their basis, draw up a clear budget. You can plan a gradual reduction in spending by 1-5% per month. A similar principle is the easiest to implement, because it requires fewer changes in habits and order of life.
