7 tips for saving money

 7 tips for saving money

I have seen many people discussing whether the money is earned or saved? Personally, I think that making money and saving money are indispensable, so that you can earn money and save money to accumulate wealth faster.

So today I will talk about money saving tips, so that everyone can save money more easily and faster.

1. Keep track on your expenses for a month to understand yourself first

Many people think that accounting is troublesome and cumbersome, and it is useless. It is just money spent, so they don't bother to keep it.

In fact, you may wish to consciously record a month first, so that you can find out your consumption situation and tackle it accurately.

Look at how much you need to spend in a month through accounting, which are necessary expenditures, and which are non-essential expenditures, find out these non-essential expenditures, and reduce on this type of consumption.

2. Make a good budget

After you understand your consumption situation, you can set your monthly budget so that it is not overspent.

For example, if you have a budget of 1k, then put the money in a convenient and flexible account. Every time you want to buy something, you pay from it.

Of course, the biggest advantage of doing this is that every time you spend money, you can clearly know how much money you have left to spend this month, and you won't spend it lavishly.

3. Spend less time on shopping app , supermarkets and shopping malls

When I have nothing to do, I will tend to use shopping apps. When I see something, I can’t help but want to buy it. So if you want to save money, the most important thing is to stay away from temptation. If you don’t see those things, you will have less desire to buy.

4. Don't buy things you don't need even there are discounts

In order to attract customers to spend more, some shops will set up activities such as discounts.

At this time, you have to be rational, and you can’t buy unnecessary things for the sake of discounts, otherwise you will not only not enjoy the discounts, but also spend more money.

5. Learn minimalism

In many cases, we feel that the more things we have, the stronger our sense of happiness. But in fact, think about the clothes in your cabinet, but you can't find the clothes you like. Every time you have to tidy up the clothes for a long time, is it very tired and annoying?

Let’s think about it. If you only have a few but fine clothes, you could just take out one that you like, and wear it, then your mood will be different immediately.

When you open my wardrobe, it will all be your beloved things. Isn’t it cool to think about it?

So you might as well learn to let go and let go of your obsession with things.

Before buying something, ask yourself three questions: "Do I really need this item?" "Does this item meet my spending power?" "Do I really like this item?"

6. Make a shopping list

Do you also have such a situation: strolling aimlessly at the supermarket, seeing this and wanting to buy, seeing that there is a discount, and buying it, after a round of shopping, the shopping cart is full, and the money is spent?

In fact, you might as well make a shopping list, follow the items on the shopping list to buy, go straight to the relevant product area as soon as you arrive at the supermarket, and leave as soon as you buy it, so as to reduce the shopping impulse to a certain extent.

7. On your payday, immediately store 10% of the salary

Save first, spend later, deposit money in a regular or fixed investment account, and stop thinking about spending money. This method of compulsory savings actually works well.

The above are some tips for saving money. Isn't it practical? If you think it is, you might as well act now.

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30 years old: three problems you have to face

30 years old: three problems you have to face 

The first question is the question of family and responsibilities. Don't think that you are still young. Don't think that some problems are still much distanced from you. There are some problems, whether you are willing to face them or not, you must take on the responsibilities that match your age. Most people, at this age, have to think about family issues. If you have already married and established a business, you must be soberly aware: How should your career develop in order to ensure that you can support the burden of your entire family? This includes not only your lover, but also your children and parents.

At this stage, your pressure has increased exponentially, but if your growth in the workplace cannot be doubled, or even going backwards in some form, Then, your future career development will face more pressure. And this kind of pressure, more often, will make you have no spare energy to seek better development. Many people often have a big worry when they change jobs: if I quit, my income is not as high as it is now, will I easily move again in my current job? To put it more politely: Do I dare to move again easily? Do I still have the guts and courage? So, if you want to take action, try your best to move forward as soon as possible before you have the burden of family.

 

The second problem is the matching degree of ability and age. Why do many companies clearly stipulate similar work experience requirements such as 5 years of experience, 10 years of experience, etc. when recruiting talents? Because working time means the level of ability that matches it. For the same job, the abilities accumulated by 5 years of experience and 10 years of experience are not the same, and the responsibilities that can be undertaken are also different. The longer your working years, the stronger your ability.

One of the more difficult situations is the mismatch of ability and age. Many people who have worked for 3 or 5 years, or even those who have worked for a year, are not much different in terms of ability, so when their careers want to make a breakthrough, they will encounter a lot of resistance. There are two reasons for this situation: one is frequent job-hopping, there is no accumulation of experience; the other is that although accumulating experience, only the first year is growth, and the remaining few years They are all doing repetitive work and no growth. Therefore, for those 30-year-old friends, from now on, you must carefully examine a question: from graduation to now, how many years have you worked? Do the abilities you have match your age? If it does not match, then you must establish a sense of crisis as soon as possible and run forward to fill the gap.

 

The third problem is the organisation and structure knowledge. As one progresses in the corporate ladder, one cannot be stuck only having knowledge at operational level but also how the management level thinks and solve issues. In the workplace, people at different job levels do different things, and their vision and thinking patterns are also different. A most basic salesman thinks about how to maintain his sales quota. This is a tactical thing and his responsibility; but if a marketing director is in the role, he still thinks like a salesman. , that is his negligence. The operation of every enterprise is composed of strategy and tactics. Big strategies will be subdivided into small strategies, and small strategies will be subdivided into execution tactics one by one, which will be implemented by grassroots personnel. People at different levels are responsible for work at different heights and perform their duties. This is also the meaning of teamwork. Similarly, people at different levels have different knowledge structures. The higher the level, the higher your perspective and thinking on the problem, and the higher the level of your overall knowledge structure.

 

In addition, from the perspective of communication, the higher your position, the closer you are to the boss, and the more opportunities you have to contact the top leaders of the company. If your level of thinking is inconsistent with the bosses, then your ability cannot be recognized. In this situation, your chances of getting promoted are slim, and your career will stop there.

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Should you lend people money or not?

 

01

At the beginning of this year, my friend Chris and his wife had been quarrelling over this issue of lending money. Chris had agreed to lend money to his relative in order to have a wedding banquet.

Chris is straightforward guy and is honest with others. But in the eyes of his wife, Chris is too nice and she is worried that he is being deceived by others.

1. Chris’ relative borrowed 15k on the grounds of decorating the house end of last year and I heard that his relative have not repaid him the full sum yet.

2. When Chris bought a house, he wanted to borrow money from these relatives at the beginning, but he was rejected straight in the face, and this time his relative wanted to borrow money which Chris agreed to lend.

 

02

In my humble opinion, to borrow or lend money, in addition to the emotional considerations, we should also rationally examine the three borrowing principles:

1. Borrowing money, liken to investing, requires background checks

From Chris’ experience, he cannot bear to reject others, so he has to suffer himself.

To lend someone money, you must first know the ‘credit score ‘of the other party. If you are close enough with the potential borrower, you will definitely know the lifestyle, character and the purpose of borrowing money; you will probably know whether you can lend or not. Remember: the money is yours, not others! There is nothing wrong with not lending! So don't feel bad about not lending. If you need to refuse, you must refuse.

If you refuse to lend him money, you may lose this friendship; but if you lend him money, you may lose the friendship + money.

No matter what, the "friend" who always thinks about borrowing money from you is no longer a real friend, so it's even more understandable not to lend.

2. Agree on terms and abide to them

Borrowing money from anyone will incur interests. If the borrower can initiate the interest rate based on the borrowed sum that will reduce the awkwardness between them next time.

3. The bottom line of borrowing money

No matter what is the reason for borrowing money, it is nothing more than to win the understanding and sympathy of the borrower. If the borrower is ill or has no income for a period of time and other reasonable reasons, can consider his character and lend some money appropriately.

We can abide by the principle of "saving the emergency, not the poor".

What is the secret of maintaining friendship between friends? Don't lend money! Don't try to borrow money, and don't agree to borrow money easily.

Instead of owing favours to borrow money, it is better to learn how to plan and manage money. It is better to get a bank loan if it is possible.

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