Cash Only, No Credit Cards
Credit cards are definitely not your best bet! With an accessible abundant credit card, you will most likely get what you want right away. You’ll give yourself all the reasons to validate this behavior: I’ve been dying to get these trendy pairs of shoes; I’ll pay it off when I get my next salary. And the list goes on until we find ourselves in a nation of debt. So, if you’re a fresher in managing finances, cash is your safest option.
Create Your Own Personal Budget
By allocating your income towards your basic expenses, savings and debts if there are any, you’ll have a better understanding of how your money should be spent. By calculating your basic expenses you’ll know how much exactly you’ll be taking from your salary. It’s totally up to you then to decide how much you would like to save from your net income but try to keep a minimum of 10% savings each month. Maybe the next month you’ll save more, but hopefully not less.
Get Yourself Acquainted with Cost-Effective Alternative Stores
We all have that one friend who gets really cool stuff with almost half the price; let them tell you all about it. Online shopping is also a money savior, just try to keep it out of your obsessions.
Keep Some for Fun
A little self-indulgence never hurts anyone. Part of your budget should be dedicated to “YOU”, you earned it after all. If you didn’t do that, you’ll definitely have the potential to explode.
Stay Dedicated, It’s Not Going to Happen Overnight
It’s not a decision that is going to happen overnight! You might find yourself on a shoestring on many occasions, but that’s typical, so don’t worry. One month you’ll rock at it, the next you might seek charity. IT’S STILL OKAY!
