Saving up for a Ferrari but losing your temper and buying a Snickers? Livezar will teach you how to save money, still collect a financial cushion, even in a crisis.
Have you diligently kept a diary of income and expenses, a budget table and tried to save a little in a piggy bank, but you didn’t succeed in saving money? Most likely, the wrong distribution of finances and emotional spending are to blame
Advertising is designed to attract a buyer and literally force him to purchase a product, decide on an unplanned purchase and spend an n-th amount. This mechanism is genetically incorporated in us - an ancient person could not put off a piece of meat for tomorrow, because this is tantamount to saying goodbye to him. That is why the stereotype of behavior "take when they give, run when they beat" was formed.
Daniel Kahneman, the winner of the 2002 Nobel Prize in Economics, argues that there are two systems responsible for decision-making in the human brain. Within the first system, actions are automatic, effortless, and difficult to control. In the 2nd - slow, consistent, requiring effort and controlled by consciousness. Therefore, the first system is responsible for emotional decision-making, and this is fraught with irrational actions. System 2 is responsible for common sense and reason, prudence, allows you to exclude spontaneity and other unforeseen circumstances. In terms of spending, it is best to listen to the second system, because it will allow you to apply all the tricks to save and save money.
1. Pay everything you need right after your paycheck
We all have plenty of necessary payments - utilities, loans, education, insurance and much more. Try to pay for all this on the first day after the salary, because otherwise you risk misestimating the amount of money that can be spent. In addition, the risk of late payment and a fine is quite likely.
And of course, it is also better to put it in a piggy bank immediately after replenishing the account. If you are confident in the amount of money that remains until the end of the month, it is much easier to convince yourself about emotional purchases.
2. Make fear your ally
Yes, on the one hand, fear lures and convinces that you will miss out on a profitable offer and this will not happen again if you do not buy this product right now. But at the same time, fear turns on common sense - is it really the right choice?
Think about what you will do with 20 kg of buckwheat and 50 rolls of toilet paper when the crisis is over. And also - with household appliances, which are bought up no less zealously in the coming economic swings. In general, think over the need for purchase in every possible way and realize if sellers are manipulating your fear?
If you want to have a lot of money - learn not only to earn but also to save
3. Take time out before spending
Suppose you saw a great product in a store and immediately want to buy it. But it is worth giving yourself time - an hour, half a day, a day - to analyze the need for a purchase and read reviews about the quality of the product.
Such moments of reflection provide an opportunity to turn on the rational part of the brain and fight momentary whims.
4. Save more tomorrow than today.
In our minds, the opinion has settled that procrastination is tantamount to depriving ourselves of pleasure. But our brains can be tricked.
For example, your income grows by 10-15% per year. Then start saving at first 1% of your salary, then every month increase the figure - 3, 5, 7 ...%. The essence of the method is that you know and understand that you can replenish your savings immediately by 15% of your salary, but this will significantly affect your income. And gradually getting used to it, you will come to the final indicator without psychological trauma.
5. Make money work for you
How to accumulate money - put it aside so that it "works": deposits, bonds, shares.
A deposit is a simple thing: you put money into a special account, and the bank gives you additional income. Usually, this is a small percentage, but it is suitable for those who want to save the amount, and not increase it.
Bonds indicate that a company or state has borrowed from you and undertakes to pay interest, and then repay the loan at the end of the contract. Of course, as a new financial instrument, a bond will require a more detailed study, and it does not bring serious income either.
Shares are an opportunity to participate in the management of the company and claim a part of its profits. You can also earn on fluctuations in market shares, but for this, you should have experience playing on the stock exchange. In addition, the risks of losing a lot in case of speculation are high.
In general, saving money is a real thing, the main thing is to invest in the right way. And if you already have savings
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