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Want to plan your monthly expenses? No matter how much you have a monthly income, you can’t afford to spend it? Sorry, you are not financially literate. So you always deliver your money in threes or get into debt. Do you want to prevent this? Then read the following psychological tips.
1. Make a complete list of your debts.
2. Then calculate the list of income for the month.
3. Calculate the cost to be made in a month. Is everything clear? Now determine the difference between income and expenses. Know that if the cost outweighs the income, you can easily borrow and use it incalculably. Conversely, if the cost outweighs the income, you will be able to set up another fund. Believe it or not, the accumulated balance will be a huge benefit to your budget.
4. If you have a large amount of debt, make a list of them as well. For example, from whom do you owe a lot or why did you borrow? Once you’ve figured everything out, now take a different approach to financial spending. For example, take out the ones that are less important from your list of things you need for a month, for example, if the money you spend on food and drink during the day is 10 a day, reduce it to 000. Choose a cheap route or bus to your company that takes a taxi every day, reduce the amount of money you spend on your phone, choose a slightly cheaper fare on the internet, and so on. Don’t panic, these are temporary, once you pay off your debts, everything will fall into place again. Save the money separately, do not add it to the money being saved. Give the money collected when it reaches your debt, and if it is not enough again, continue to collect it patiently.
5. Don’t borrow as much as you can, don’t spend more than you plan for each day. If you run out of money to spend during the day, do not try to borrow money from others. Control yourself.
6. Imagine saving money at home, it is used only when necessary. You are not saving it for nothing.