Friday, December 16, 2011

Tips To Manage Salary for Saving


Managing the salary in order to live economically is not easy because there are so many temptation things in this world. Are you the one that's easy to be tempted to behave consumptive? If so, perhaps you can read these tips and start to apply it so that your salaries can be used for something that is positive and useful. The most important you can do saving as a form of investment in the future.

Upon receiving a direct salary, set aside at least 20 percent for savings and do not ever withdraw it unless for something urgent. Use the remaining 80 percent of your salary for useful things such as for fulfilling your daily life, pay the mortgage or loan (if you have a debt), buy phone credit, vehicle maintenance and for simple entertainment.

Remember to shop based on need and not based on desire. The needs are the most important.

Do not let your expenses is bigger that your income. Press your expenses as much as possible to at least break even with the salary you've gotten. Avoid debt.

If there is a need that has to be purchased and the price exceeds your salary like a motorcycle or a car, purchase it with credit. This shuld be done also with right calculation so that every payday you still can save the salary, even a little money, while paying off the credit.

Avoid the credit card because it will make you tempted to shop and purchase something that you should not buy. It is very easy when shopping using a credit card because you feel that you don't spend any money directly but remember when the beginning of the month your credit card bill will come and will surely make you dizzy.

Always check your income and expenses every month. Because from here you can analyze what expenses that can be reduced or eliminated and to diverte it for increasing savings.

Continue to increase your self motivation to not tempted to become a consumptive person so that in gradually you will be familiar with the frugal and simple lifestyle.

If you are able and have a time, consider looking for a side job so there will be an extra revenue every month.

Whatever the steps you applied to manage your salary and living frugally, you should start from your own intention and strong determination. Happy saving!

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