Are you trying to increase your savings and want to avoid unnecessary costs? Below, we present seven simple tips to improve your financial behavior and learn to manage your money in a more efficient way.
Collect loose coins
Remember that there are no small quantities to save. Check your backpack and your pockets and deposits all the coins that you find, regardless of its value, in a piggy bank. Once reach a significant amount, you can go to a store and exchange them for a cash to deposit it in your savings account.
Advisable on discounts and promotions
You can subscribe to the newsletter of your bank, your employer and your favorite stores to be notified about upcoming discounts and promotions. Although this habit can be very useful for saving money, remember that you should not buy things only because they are on offer.
Try to pay in cash
There is no doubt that pay with cards is more comfortable to do with cash, however, this practice can be very dangerous for finance. What is the reason? Not seeing the money that is spent, at least its physical representation, buyer removes the feeling of loss and generates a false sense of wealth.
Prepare your own meals
In this way you can control your portions, take advantage of all the ingredients and reuse leftovers. It will also be convenient to plan your menus, not buy more than you need, and check the expiration dates of food that you have stored in your pantry, to keep it from spoiling.
Keep your receipts
In addition to being useful to keep a record of your expenses, this habit will help you detect and check for errors in payments and transactions.
Bring a record of your expenses on paper
Record the amount that you spent every week and each month, preferably with a color that it highlights. In this way, you can remember it better, make comparisons and to evaluate your “financial behavior”. Finally, review these lists and determine which are the expenses and services you could do without.
The financially mature people only invest in products that really are worth, don’t buy impulsively, and above all, do not spend more money than they earn.