10 sacrifices to save now

Savings are often perceived as a disadvantage and, therefore, are delayed or even ignored. Although savings are one of the biggest personal challenges, everyone must do it, regardless of their financial situation. One of the best ways to start saving is to cut expenses by making a few small sacrifices. Here are 10 small sacrifices that you can start doing now to save right away.

  • BeveragesImage result for soda and coffee

We all love having coffee in the morning, it’s part of our morning routine. On the other hand, buying your coffee every morning or sometimes a week at the local coffee shop can be an important reason for your inability to save. Force yourself to prepare your coffee at home seven days a week and you will see a difference very quickly. Coffee is not the only beverage whose frequent purchase affects your finances. Also cut down on buying bottles of sweet beverages such as sodas and your savings take on a new life.

  • The restaurants

Just as frequent coffee buying is expensive, constantly eating or ordering food is also expensive. Of course, no one doubts the usefulness of buying lunch next to your work, but no one also doubts the cost of these lunches. Making lunch at home and creating a weekly lunch schedule are two financially responsible solutions. If you like going out with your friends on the weekends, invite them to your place and ask everyone to bring a dish. So, every guest spares and, who knows, maybe you are leaving a new tradition.

  • The meatImage result for ham and cheese

Buying meat can be expensive if you’re not careful. If you do not want to deprive yourself of meat, try to decrease the quantities at least. For example, try the meatless Mondays and try to convince your friends and family to ship too.

  • Cheese

Meat may seem expensive, but it’s nothing compared to the price of cheese. Cheese is definitely a product that nobody wants to deprive, but if you succeed, you’ll quickly notice the amount of money saved.

  • Marks

Branded products are undoubtedly more attractive than their generic ones, but with the marketing surrounding these branded products also comes an additional cost. Almost any store has its own line of clothes that are much cheaper. Still not convinced? Look at the fabrics used. They are often identical.

  • Journals

With the rise of the Internet, magazines are losing their popularity. In addition, you never need the magazine in full, from the first to the last page. Try not to buy a magazine that you may never read every time you wait in the queue.Image result for journals

  • Chewing gum

If you constantly buy chewing gum packs and lose them afterwards, then you should think about stopping this bad habit. A package does not cost so much, but if you buy several a week, the expenses start to add up.

  • Heating and air conditioning

Heating and air conditioning are necessary depending on where you live. On the other hand, what is not necessary is the constant use of these services when you are not at home. Regulate your heating or air conditioning to stop working when you leave your house in the morning. This will surely help you save.

  • Birthday cards

Offering birthday cards to family or friends is a great way to show them your affection, but these cards can sometimes cost astronomical amounts. Spending $ 5 on a card is a nice way to throw your money out the window, which you can save. Instead, buy cheaper, no-message cards, then personalize them with your own message.Image result for birthday invitations

  • Cleaning products

Cleaning products are of course necessary, but why not do a little research and see if you can find a universal product for the floors, bathroom and other parts of your home. You will be able to save a $ 10 each time.

If you think about it seriously and start making small changes in your life, in your spending habits, savings will not be a big drawback. Small sacrifices here and there are the best way to wait for the savings and budget goals you have set for yourself. Make the sacrifices that works best for you and your financial situation.

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10 sacrifices to save now

Savings are often perceived as a disadvantage and, therefore, are delayed or even ignored. Although savings are one of the biggest personal challenges, everyone must do it, regardless of their financial situation. One of the best ways to start saving is to cut expenses by making a few small sacrifices. Here are 10 small sacrifices that you can start doing now to save right away.

  • BeveragesImage result for soda and coffee

We all love having coffee in the morning, it’s part of our morning routine. On the other hand, buying your coffee every morning or sometimes a week at the local coffee shop can be an important reason for your inability to save. Force yourself to prepare your coffee at home seven days a week and you will see a difference very quickly. Coffee is not the only beverage whose frequent purchase affects your finances. Also cut down on buying bottles of sweet beverages such as sodas and your savings take on a new life.

  • The restaurants

Just as frequent coffee buying is expensive, constantly eating or ordering food is also expensive. Of course, no one doubts the usefulness of buying lunch next to your work, but no one also doubts the cost of these lunches. Making lunch at home and creating a weekly lunch schedule are two financially responsible solutions. If you like going out with your friends on the weekends, invite them to your place and ask everyone to bring a dish. So, every guest spares and, who knows, maybe you are leaving a new tradition.

  • The meatImage result for ham and cheese

Buying meat can be expensive if you’re not careful. If you do not want to deprive yourself of meat, try to decrease the quantities at least. For example, try the meatless Mondays and try to convince your friends and family to ship too.

  • Cheese

Meat may seem expensive, but it’s nothing compared to the price of cheese. Cheese is definitely a product that nobody wants to deprive, but if you succeed, you’ll quickly notice the amount of money saved.

  • Marks

Branded products are undoubtedly more attractive than their generic ones, but with the marketing surrounding these branded products also comes an additional cost. Almost any store has its own line of clothes that are much cheaper. Still not convinced? Look at the fabrics used. They are often identical.

  • Journals

With the rise of the Internet, magazines are losing their popularity. In addition, you never need the magazine in full, from the first to the last page. Try not to buy a magazine that you may never read every time you wait in the queue.Image result for journals

  • Chewing gum

If you constantly buy chewing gum packs and lose them afterwards, then you should think about stopping this bad habit. A package does not cost so much, but if you buy several a week, the expenses start to add up.

  • Heating and air conditioning

Heating and air conditioning are necessary depending on where you live. On the other hand, what is not necessary is the constant use of these services when you are not at home. Regulate your heating or air conditioning to stop working when you leave your house in the morning. This will surely help you save.

  • Birthday cards

Offering birthday cards to family or friends is a great way to show them your affection, but these cards can sometimes cost astronomical amounts. Spending $ 5 on a card is a nice way to throw your money out the window, which you can save. Instead, buy cheaper, no-message cards, then personalize them with your own message.Image result for birthday invitations

  • Cleaning products

Cleaning products are of course necessary, but why not do a little research and see if you can find a universal product for the floors, bathroom and other parts of your home. You will be able to save a $ 10 each time.

If you think about it seriously and start making small changes in your life, in your spending habits, savings will not be a big drawback. Small sacrifices here and there are the best way to wait for the savings and budget goals you have set for yourself. Make the sacrifices that works best for you and your financial situation.

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3 strategies to create a great financial future in your life

Image result for financial stability

Many of us do not imagine ourselves in 20 or 30 years. We think it is a very distant time and we live daily, or rather from fortnight to fortnight. However, the course of things may change and new opportunities or emergencies may arise, and it is best to be ready when it happens.

Do you think that turning 40 will be when you have to start worrying about tomorrow? For your retirement? For your health? Why save? We regret to tell you that by then it will be too late.

If you are in your twenties or thirties, the decision you knew you can make is to secure and plan your future from now on. It does not mean that you have to have everything clear, but that you be cautious and aware of tomorrow. In Finerio we give you 3 strategies that you can start applying today. Yes, from today! Do not procrastinate.

1. Start saving today

Image result for start todayMany times we postpone what we want because it makes us lazy or because we think tomorrow will be a better day. If you postpone the habit of saving, you will wake up on your 30th birthday without a single peso in your pocket. Or, did it happen to you?

Beginning the habit of saving is not complicated. You have to start by creating a budget and sticking to it. Record your income and expenses. How much do you spend per month on rent? How much in food? How much in entertainment? Once you have an idea, set a budget limit for each of those categories and do not exceed that limit.

Remember that you must always allocate an amount of your income to savings. So, if you now spend a lot of money on parties and entertainment, you can start to limit that aspect to start getting savings.

How much should you save? Everything depends on your personal goals. However, not only that: many people, especially young people, set short-term goals such as buying a car, traveling, clothes, etc., without thinking about other, much more important aspects. The emergency fund and the savings fund for retirement are of vital importance.

A savings fund for emergencies should be the equivalent of 3 to 6 months of your expenses. That is, if your monthly expenses are $ 9,000, you need a minimum savings fund of $ 27,000. On the retirement savings fund and how to do it, know more here. Do not wait until you turn 50 to start thinking about your retirement. Currently there are young people who have the goal of retiring before turning 40 years old.

2. Think about your personal goals

Although you do not have to have exactly what you want to do in the future, surely you have a sketch of some goals in your mind. Begin to visualize feelings of happiness, freedom, wealth and well-being will help you get down to work. Would you like to leave your parents’ house? Move to another country? Put your own business? Buy a house on the beach? Traveling for a long time?

Whatever your goal, put a reminder that you get to it. A photo in your room, on your cell phone, an inspiring phrase, etc. With this exercise you will be motivated to do what you have to do every day to reach that goal, including saving.

3. Become an investor

When people start saving they think it will take them years to get together the money they need to achieve their goal, so they get frustrated and disappointed, staying halfway. But, it does not have to be so painful and slow to save. There is something called investing and it is not just for scholars or millionaires.

With an investment you can grow your money without working. You can start by allocating a part of your savings to an investment. When you start investing, allocate something that is not very compromising for your economy so that you can see how it works little by little.

Where to invest? Currently there are already investments that you can make from the comfort of your computer or cell phone. Digital investment platforms are growing day by day, and are more accessible than several years ago, because even with $ 100 you can start.

Image result for investor

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