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On the other hand the increase in the cost of living increasingly unstoppable. If you are not good at managing money then instead of profit achieved but can accumulate debt.
if you do not want to continue mired in financial management, following 10 smart ways that can be replicated on personal financial management, which in the reports of the page US News about personal finance
1. Set Financial Goals
For some people, nothing is more attractive than setting aside some money to buy a three-bedroom house with white fenced. Another dream is traveling all over the world.
It is true if you have a goal that will surely make it easier to manage personal finances. It also will be the motivation for collecting revenue.
2. Create a Spending Plan
Most people spend about 2 to 3 of their income on three important things, namely: food, housing, and transportation. Also debt payments, savings, household expenses and optional items such as entertainment.
You should create an annual budget by allocating shopping destination based on the division of each.
3. Hold Yourself Against Temptation Sales Bids
Store was created for drained the pockets of buyers. Promotional offers such as discounts, prizes are some of the techniques used sellers to attract consumers.
But if we know their tricks, will make us able to resist the temptation of the offers. It is easier is to immediately say no to all the offer.
4. Track Personal Expenses
Keep track of every expenditure for two weeks can filter out unnecessary spending, such as restaurant meals and taxi costs.
5. Find Similar Products that offer cheaper prices
Pricing of products in a store turned out to be much more expensive than the initial price of the product. If when you want to buy a product and seeing lower prices listed elsewhere, do not hesitate to move to the store.
6. Do Research Online Before Visiting Stores
Product review sites and online discount warehouses often provide information about how and where to find the best deals.
Moreover, if there is free shipping offer, can make online purchases as an option.
7. Find Revenues More Than One Source
In the current era where anything can happen. Lack of job security in today's market making anyone can lose their jobs or face pay cuts.
However, this can be rectified if there is a second source of income. Look for ideas on how to earn more money.
8. Start your Own Business
Entrepreneurship as a way to take back control of their financial lives.
Even relatively small businesses, such as blogs that make money through advertising or garden which produces flowers, it could turn into a source of financial security.
9. Negotiate Salary Back
Many workers feel fortunate to have a job in its current state. But sometimes ask for a raise can be a smarter move.
If you have recently changed jobs, received a promotion, or realizing underpaid compared with other peers, it may be time to sit down with your boss and ask for a raise.
10. Do Avoiding Debt
Debt has a bad reputation because it is considered lead to bankruptcy. But take credit with proper management it can be useful.
Credit allows people to buy a home or finance other urgent needs. But still evaluating the decision on this debt by considering their impact carefully.
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