Having your life decisions rely so much on the date of your salary can be frustrating. Things like going out for a dinner with your friends or catching up the rock concert in town now arouse no excitement in you. Why?
Well, if your expenses are more than your earning, then naturally you’re bound to run out of cash. The good thing for you is that it is still not late! Since you have realized it now you can turn the tables down. We have noted some simple steps which one can take up and easily control your salary before it’s gone.
Ask yourself – are you a spendthrift? Do you think your credit card is a gift from God and you can swipe it as per your wish? You must change this concept because you have to pay back the amount. You will not be in the same condition in which you are now but there is always a window for improvement which opens slowly. Wait for it! You can be happy with what you have and work for more. Practice this a little and you will find things shifting for the better.
Make a habit of listing down your expenses and income on a daily basis. That helps to keep a track on what is coming in and what is going out. List your monthly fixed expenses such as bills, rent, commuting and household expenses. Calculate whether there is anything remaining. If it isn’t then you need to pay little more attention to your expenses.
Setting up a budget helps you to plan your future financial actions and controls them. If you haven’t made any budget yet and if your expenses are on an “all-time high” then it is a high time you should start preparing a budget. Start finding sources which are costing you a lot and come up with some alternatives to it.
Remember, don’t go for a big step, start with small steps and then increase it slowly. Every amount counts! Save every penny you can but don’t let it go waste. Avoid unnecessary outings. Give up purchasing things that you don’t utilize anymore. Initially, it may cause you a lot of problems, but once you follow it for a couple of months then you will get habitual to it. Keep in mind that these small steps will eventually help you to hold on to your monthly salary till the end.
To control your expenses and save a drop by drop is a need of the hour. If you have managed to save a decent amount until the month end then you have achieved your goal. But don’t stop here! Start saving to fulfill your dreams, start saving from now without any delay!