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5 Simple Life-Changing Personal Finance Strategies

by Chakrir Khobor

Over the past few years, I have developed personal finance courses for local members. When my kids grew up, I stopped doing it and continued my presentations and new ideas that included what I learned about personal finance.

Most of my presentations are photos of my family, friends or my home. They had a bold word or two. I want people to hear what I’m saying, not read boards and water. The only slider used for more than three words is the initial slide labeled “No VIN Support” and the slide title at the bottom of the screen.

One of my favorite parts of the conversation was when I started talking about spending money, the part was based on “5 Simple Life-Changing Financial Strategies”. Again, these are all things that come out of my life and are nothing more than a bold statement, often at the bottom or top.

When I immediately told travelers to read in the library, I thought ten travelers would be a great story for Easy Dollars. Here they are: 5 simple financial plans that changed my life, with one-two-three bold words on the slide.

1.DON’T SHOP

Just reduce your time with those who have an account or internet stationary. That all. If you don’t want to be in such a place for shopping, don’t go there. If you want something and you have a reason to go, first write a list and think about what you can get before you go to reduce your time there.

The more time you spend in a retail, restaurant or ecommerce business, the more money you can invest without thinking. The solution is simple: just don’t go to such a place aimlessly. If you’re not thinking about shopping, don’t go shopping.

Why is it like this? Markets are designed to sustain us financially. That is why they are there. They do not exist unless people have gone there to exchange their money for goods and services. While you’re at it, this is what the business wants you to do. So, if you want to reduce the amount of money that comes out of your pocket, take some time out of your pocket.

2.Lead Simple Life

Stay in the smallest house that still suits you. Each space exceeds the minimum space corresponding to paying for more storage space. It will cost money and housing to keep them, but if you have little, you will have less time to use those things.

This small room is finished in an instant. Small houses are cheaper than rent and delivery. It has low energy costs due to low performance for heating and cooling and small space required for heating. It also saves on mortgage.

Small apartments can reduce the size of what you really have. There is a limit to the amount of things you can always use, and many large buildings can exceed this limit by storing things that people have never done in years and are often forgotten. This means you do not buy complementary products for your wardrobe. This means it is easy and comfortable to move around.

The savings for this have been huge over the years, often reaching tens of thousands and in many cases costing millions of dollars. Take the small house you think you will get and stick to it. Your financial future will be happy with this option.

3.Put it back

Every few years, research all your recurring debts, check if you need to, choose what works best and / or repeat what you choose to give up.

It’s a good place to start with some fun. Netflix. Hulu. Amazon Prime. Spotify. Daily information. For recording from your cable or satellite TV. Your monthly contribution. Blue clay (yes, I like it). Hello new. You get the idea.

For each of them, ask yourself if you really need them. Are you taking full advantage of the service? Are you obsessed with so many choices that you must lose? If so, maybe it’s time to take a break and focus on small tasks and things that need to change in the future.

You can do this more or less with your other expenses. Job Application. Insurance. Internet. Telephone service. Garbage collection. Your lease or mortgage. You get the idea.

Sign in to each of these stories. Check for any information you do not understand and ask them to deny it. If you have other options for such services, purchasing and reporting, then use the new information to discuss what is best for your service. Have it now (whether you like it or not) or build a ship. New fun. …

It should be done once at a time, not repeatedly. Throw everything out every few years and eventually you will have to spend a lot of money on debt.

4.FIND YOUR Company

Simple: find friends who are willing to do whatever you want without breaking the bank. You shouldn’t spend money entertaining your friends or just spend time with them if you don’t want to do it yourself. If you know that these expenses are often necessary to integrate into your social circle, now is the time to think carefully about redesigning your circle.

Start with what you really like, but don’t influence your current friends. What do you like to do when you are alone? What do you prefer to dribble off the rear motor because your ears generally don’t allow it? Let these events happen and grow in your life, then find people with similar interests.

You may want to go, but you don’t like wide circles in the sky. Find an outdoor spot nearby, perhaps by checking Daten en Entrée. You don’t have to completely change your friends; just to provide a social network for what you want to do and people say they want to do it too.

You may want to exercise for a long time, but most of the people in your life are great (I’m not talking about experience or anything like that). Don’t give up your interest and spend time and money on things you don’t like unless you maintain a social circle, but find someone who likes sustainable sports and wastes your time.

I find myself spending very little money, but I have to keep up with others when it comes to situations where I really accept myself and my loved ones. I feel less focused and more comfortable doing what I love, not buying things.

5.Make an emergency Fund

It is important to “pay yourself first” to ensure that the money is not incurred for unforeseen expenses, such as medical bills, car repairs, daily expenses from dismissal, and so on. Three to six months of life is a beautiful climate. Most financiers recommend that you save 20% of your monthly salary. Once you release your anxiety, do not despair. Continue to squeeze 20% a month for other financial issues, such as pensions or loans.

Final Verdict

Many personal financial rules are so simple that they can be broken down into a few words. There are also ways and means of enforcing rules.

Moreover, many of these values ​​are eternal. Many of these old rules work as well as they did twenty years ago as they do now, and they will continue to work twenty years from now. The unique information and uses may vary, but the basic idea remains the same.

Increasing your money depends on your commitment and efforts. The biggest challenge is translating clear words into consistent actions.

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