13 Ways To Manage Family Finances With Small Salaries

Manage Family Finances - You who are newly married must have a problem to financially especially if your salary is very small. This time aboutinsc.com will provide the solution for you to manage your family finances so read this article until it is finished.
Manage Family Finances
Manage Family Finances


How To Manage Household Finances With Small Salaries

1. Evaluate Home Costs

Many people are struggling to manage his family's finances because the home instalment has already cut out most of his monthly salary. We recommend that home installments no more than 25% of the total salary earned each month. Look for the least installment, or if you haven't been able to take home installments, it's best to look for a cheap contract. There must be some offer that suits the ability. The key is you have to diligently keep searching for information.

If you own a home, you can set aside a portion of your salary to make savings or invest. If you're single, you can rent a room at home for 1 or 2 friends. The money to rent the room can help you to pay installments become cheaper and is a good way to invest. In this way, you can try the house and set aside some money for other investments such as: savings and emergency funds. If you already have the house you should also insurance your house to be safer.

2. Plan Your Monthly Shopping with Maturity

Financial waste tends to happen when using money to follow desires, but desires are not necessarily a necessity. The best way to use a small income is to create a monthly shopping plan using a written budget. Spend money according to the plans that have been drafted. When it's time to buy what you need, you already have a budget to shop. But do not use money over the budget that has been compiled, because the remaining money is already allocated to other needs. Using a written budget to plan expenses can minimize your risk of spending money to buy anything unnecessary.

Plan a monthly budget in writing, by dividing the expense list into two, namely: primary needs and tertiary needs. Primary needs include: feeding, transportation, electricity bills, water and telephone, home installments, motors and cars and others. Meanwhile, tertiary needs include: budget for clothes shopping, traveling, until the budget hangout with friends or co-workers. In addition to familiarize yourself with the monthly budget plan, you also have to familiarize yourself with the financial budget already made.

3. Buy Items That are Still Worthy

Buying items that are still worth using can save you budget, such as: Used cars, used electronics, used furniture, and so on. Many people are giving cheap deals for used items that are rarely used, even those that are never used. Sometimes people can find items that are already open, but the goods in which they have never been used, but not sold as the price of new goods because the packaging has been opened. Some of the online shops that offer many rare used items, you have to diligently look for them on the Internet.

Buying used goods that are still worth using or used items with conditions like new items will really help you to save money. For example, for a family that just moved home and need furniture like: tables, chairs and other household furniture. It's best to buy good-value items in thrift stores, flea markets, or online stores, but don't forget to bargain. With a slight spray paint, the table and the used chair will look like new.

4. Has Automatic Temperature Control

Auto-programmed temperature control can help you save money, making it easier to set aside money for savings. Choose a temperature control with the lowest energy power, so that it can save energy and save money, even if the purchase price is slightly more expensive than the usual model.

Although it is programmed automatically, you can still change the home temperature manually as you wish. Sophisticated temperature control can feel when the owner is away from home, so it automatically shrinking energy usage, this is more efficient. Although a little pricey, but more energy efficient and more durable. Nowadays, there are many AC that designed automatically according to the required PK power.

5. Control Your Credit Card

Shopping using credit cards is easy and all can be purchased. Credit cards can help you manage your finances, if you use them intelligently, such as: use a given promo to buy the items you need. But credit cards can also keep you stuck in long-term debts when using them arbitrarily. Research has shown that credit cards are the most convenient way of spending money, because in addition to the amount of money spent there are also interest and credit card administration fees.

If you can't control your credit card, it's a good idea to forget your credit card if you want to downsize and save money. The habit of using credit cards carelessly will make extravagant and give serious financial consequences, do not get the storm because the credit card debt.

6. Save Expenses for Some Activities

You can do several activities at once to save expenses such as: buy lunch while doing errands outside the office. This will further conserve fuel spending on vehicles than doing some inefficient travel trifle. Periodically save the money to a savings account. Even when the house is close to the workplace, you can take lunch and coffee at home. There is always a way to save money to make savings, depending of yourself.

7. Reduce Your Ride

By walking or riding a bicycle compared to using a car to go to the store or work, you will save money for the purchase of fuel. In addition, you will also get additional benefits, which is a healthier body with a lot of exercise.

8. Finding Additional Income

Take advantage of the time you have to find additional income. There are many ways to earn additional income such as: selling credit, becoming a freelance writer, online sales, etc. The most important thing does not interfere with the main work. With more and more extra income, more salary can be set aside for savings.

9. Reduce Eating at Restaurants

Eating occasionally in the restaurant does not matter, but if eating at the restaurant becomes a routine habit will spend a quick salary. The price of food in the restaurant is at least up to 4X more than homemade food. If you want to save money you should make your own food at home. Or eat in the restaurant only occasionally for example: once a month to delight the family or entertain old friends.

10. Plan a Shopping List

You can save money by using grocery list planning. Planning a grocery list is very efficient because shopping in wholesale quantities, prices will be much cheaper, so you can be more efficient to buy food and have more savings.

11. The Timely Cable TV Bills are Paid

Paying off the cable TV bills or if needed can unsubscribe is one of the effective ways of saving spending and saving money for the future. Even if you've unsubscribed, you can still get free broadcast channels and enjoy the many programs and news you need. So the more money can be set aside from the salary to be then saved.

12. Use Discount Coupons or Deals

Using discount coupons or deals to buy groceries and other necessities can save you a lot of money, especially if you are smart looking for a lot of shopping coupons. Nowadays, many supermarkets offer discounts for shoppers who have customer cards. You can search the Internet to find your favorite product coupons.

13. Financial Discipline is One of the Keys to Success

There are many ways to save money if you think wisely about earnings. Discipline in running a financial plan is key to arranging a small salary. Use some of the above ways to achieve a healthy financial condition. Try to calculate how much savings of each way and save the money in the bank as an emergency fund, or to a regular savings account for investments.


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