9 habits that will help your financial prosperity

To begin with, you need to clearly understand what a financial habit is and a good financial habit. A financial habit is the attitude of a person to his own money. Every day we decide - to spend or save. Accordingly, a good financial habit is a habit that helps you to replenish your bank account every month.


"Sow a step - reap a habit, sow the habit - reap a character, you sow the character - reap a fate" - so the ancients used to say. Do not think that this saying applies only to moral principles or to your physical form. After all, if a person can not formulate the right financial habits, he will never live in prosperity, even if his salary exceeds 100,000.

As it turned out, developing good financial habits is not so difficult, but the first thing to do is admit to yourself that you have bad financial habits. These include the following habits:

This is only the most basic habits. From this follows 2 news - good and bad. Bad - you would have long been able to become financially independent person, if parents could instill in you the right financial habits. Good-you are the master of your own destiny, so you are free to change your habits when you want to.

Now it is better to understand what is good financial habits.

1. Maintaining the financial report. A clear knowledge of how much you got, considering all sources (salary, bonus, bonus, hack work,% on deposit, etc.) and how much you accurately spent (loans, utility payments, food, entertainment, etc.). To make such an account, you do not need expensive programs or any special skills, only your desire to take your life under financial control and the usual notebook and ballpoint pen is required. The simplest example:

Table of monthly expenses

an average wage of 20,000 at the present time (before was much less)

Expenditure

%

amount

Bank account

10

2,000

Household

10

2,000

Entertainment

5

1,000

Unforeseen

5

1,000

Communal payments

thirty

6,000

Food

thirty

6,000

clothing

5

1,000

Balance (for economy, study)

5

1,000

TOTAL

100

20,000


If you do everything right, then in each column you will necessarily have money for additional savings.

2. The desire to learn new things, but do not just learn for the sake of studying, but study exactly what will help you become a financially independent person. (A financially independent person is considered to be someone who can live for at least half a year on his savings if he was sacked without changing his way of life, so if you spend at least 30,000 a month, then your account must have the smallest 30,000 * 6 = 180,000.) This can be a new as an additional profession, and the development of skills for your current job, which will help increase your salary. Be sure to allocate at least 5% of your income for this purpose. Perhaps you need some books or courses that you can pay even if a few months of savings.

3. Ability to post on the bank account any amount (most often 10-15%) of your income. It is better to do it on the day of income, then it will not be so noticeable. It is even better to install an auto-transfer to some additional account, from which you can not so easily withdraw money.

4. Pay all utility bills , if not immediately, then upon receipt of a salary. It is even better to do this from the card on the day of the salary or set the auto-payments to your card account. Then it will be easier for you to understand how much money you can freely spend.

5. The ability not to make impulsive purchases , based on the television advertising or the inscription SALE (sale discount) at the store. It is best to wait 10 to 30 days. Sometimes enough even 2, to understand that the purchase of something you do not really need. But if a month later you still remember this subject, then, most likely, he really needs you.

6. Ability to make a purchase as it is done by wealthy people, i.e. at a wrong time. You surely know which items in the house or wardrobe you need. And it is even better to have a list of items that you need to fill or a year ahead. For example, you know that your winter boots do not look very good any more, so you should think that at the end of winter you'll see a few different sales and maybe pick up something really real. In addition, it will cost you 2-3 times cheaper.

7. Ability to spend money on more purchases (TV, washing machine, dishwasher, etc.), and not take on them consumer credit, a pragmatic percentage that you will never be sure to disclose in the store.

8. The ability to consider the proportion of the store when you go shopping. First, you can not only be weighed, but even cheated with the surrender. Do not hesitate to pull out a calculator or donemobile if you are not too strong at math. Many sellers are puguets, they are already trying to count you correctly, so that there is no noise near the counter. Why do they need to attract the attention of the market, because they will get their "profit" on someone else. And the proportions you will need to calculate whether it's really a large package (powder, toothpaste, candy, etc.) will cost you cheaper. Sometimes it makes sense to buy in one month a large package for color washing, and inheriting for white, and in the next month is still something in the same large container. It is not so expensive and yet helps save 10-15% of household expenses. For this, just use the money from the string balance to save.

9. A new hobby , not connected with a meaningless wandering around the shops. Maybe knitting or embroidery. After all, if you learn how to do something original, it can be both a savings for buying similar things in the store, and additional earnings, which also brings you pleasure. Imagine how surprised parents or children are if you, for example, give them a sofa cushion on which you have embroidered a drawing (this is also an exclusive one) or an original belt, a scarf, a bag that no one else has.