World Savings Day is celebrated this Sunday, October 31st, and in this context, online broker ActivTrades has prepared five tips to help you manage your family budget and save money.
1. Think as a percentage: this thought can help to understand on which categories the largest share of the family budget is spent and whether this amount meets the expectations of each of them. This can be done through banking apps, through a personal formula, or a dedicated platform.
2. Remember direct write-off: reaching the end of the month with less balance than expected is a reality for many. This is often the result of unconscious expenses such as direct debit. To overcome this hurdle, it may be appropriate to take note of all costs, even those that are direct debit.
3. Set your monthly savings amount: the amount of savings must be at least 10% of the monthly income. This must be taken into account in all transactions carried out during the month. To do this, it can be helpful to make a list of what you really need to buy at the supermarket, properly manage water and energy resources, and rethink telecommunications contracts.
4. Do not forget to send data on gas, water and electricity: As the old adage goes, “saving is a win.” So, in order to avoid estimates, hits, and unjustified payments, the secret is to send the calculations on time. To do this, just check the dates on which they should be indicated in the invoice.
5. At the end of the week, think about your expenses: Sunday is easier to get a broader idea of what the week was like in terms of spending. In this reflection, it is important not to forget about the small day-to-day expenses.
