Money Saving Tips: We often spend unnecessarily and this can happen only if you do not have self-control. So you should be able to make some rules for yourself. If you want to take control of your life and expenses, here’s what you need to do…(5 Money Rules For Everyone NZ)
1. You should always have 1 year emergency fund in cash. So that you can use it in case of any sudden trouble. But if there is no problem then you will save the same money and can use it in future if needed.
2. 40% of your salary should be spent on yourself, your needs but the remaining 60% should be on your investments. It helps to secure your future. As we grow up, we are showered with dreams and responsibilities. Then it becomes difficult to get big money. That’s when your investment pays off. Often pinching the stomach gives good benefits later.
3. Choose the right person while getting married. When you think of a responsible person in life, you start investing in it. If your partner has a tendency to spend extravagantly, then it makes a difference in your spending habits. Naturally, then there is irritation. Carries the load only. So choose someone who understands the importance of money. Whether you are the earner or your partner, both of you must understand when it comes to spending money.
4. Be in the company of people who will benefit you. They will always keep you motivated. You should be able to take advantage of those.
Positive people are very rare in our life but negative people are common. Then learn from those who can.
5. Make a list of your most important needs. So that you will be aware while spending. Make a list of expenses like your house rent, light bill, travel expenses, hospital expenses etc. And spend accordingly. You will automatically avoid unnecessary expenses.
If everyone understood simple math that it takes less time than it takes to earn money, there would be no time like this. It does not mean to live with the mind defeated. Spend money only when needed.
(Disclaimer: The above information is based on common sense. Consult an expert if you want to use it in daily life.)
