Are you one of those who focus on “You Only Live Once” (YOLO) and forget about “saving bread for May”? Believe me, you are not the only one! Most young adults have problems in the department of savings and budget control.
Moreover, some do not even maintain an order in their finances or know how much money they devote to certain aspects of their life. In some cases, if they realized how much they spend each weekend, they would be perplexed.
Some financial experts have given specific advice
The truth is that some financial experts have given specific advice to achieve economic stability and mention that one of the goals is that any worker reaches his 30 having a saving equivalent to six salaries. So is. This is not a joke. And although this advice was given by Kelly Smith, a finance specialist, based on dollar salaries, it is possible to apply it to the currency of your choice, based on the amount the worker currently earns.
So, if you earn S / .3000 and you’re close to 30, it means your savings fund should be around 18 thousand soles, or at least on the way to reach them.
But what is the use of raising so much money?
Believe it or not, having an emergency fund is extremely important, because in case of an accident, losing your job, any illness of yourself or a close relative, or any other emergency, you will be able to react promptly and calmly, without distressing yourself. Not having the money needed to respond.
So, if you are one of those who do not make your salary last more than a week, and you are extremely far from the amount that experts advise to have saved, it is time to take action on the matter. Start with three basic practices and you will see that the situation improves.
Organize your expenses
Do you know how much money you have available after canceling all your fixed expenses? That is the money you could save if you were a robot and had no social life. Quiet, that’s not what we ask. The most advisable thing is that you organize your income and expenses so that you know how much “available” money is left after paying your obligations (services, rent, transportation, food, etc.) and decide how much you will save and how much you will allocate to “the expenses of life”, as many call them.
Identify ant expenses
Ant expenses are those that you do almost without realizing it, thinking that they are a small amount and that they will not have an effect on your budget for that same reason. However, if you will add everything you spend in a month to buy cigarettes, in the office candy machine, in soda during your lunch, among others, you would see the true amount of money that is being taken away from you.
The idea to realize is to take action on the matter. You do not necessarily have to eliminate them, but you do control them, and know in advance, how much money you will devote to that.