“How?! When?? What did I even buy?!” Sound familiar to you? You’re certainly not alone. By default, a lot of us just want to spend, spend, spend right after getting our salary and this kind of behaviour puts our finances in jeopardy. It’s time to fix it. |
1. Calculate Your Essentials For The Month Unless you want to keep being stranded every month, you should first calculate your basic needs like housing (though we don’t typically pay rent monthly, you should save up for it monthly), transport, electricity and feeding. Put aside no more than 50% of your total income for these expenses. 2. Put Something Towards Your Financial Future Aim to put about 20% of your income towards savings, investments, education, health and insurance and other future plans. You should do this next, so that you can also grow your money or at least protect yourself with it… |