Three Rules of your financial independence

Each of us aspires to be financially self-sufficient. Working harder to make a respectable living is often necessary. However, even after achieving the required salary, we eventually run out of money. Several rules have been identified by European financial specialists that will assist you in saving money. On the Internet, there are dozens, if not hundreds, of suggestions for how to handle your money properly. However, not all of them can be used in everyday situations.

Popular financial life hacks suggest foregoing seemingly frivolous expenses like coffee, street food, and other pleasurable diversions. This guideline does not always hold true in practice. Such purchases are frequently made "for the company" or simply to keep the discussion continuing. Set specific budget boundaries on an item of expenditure if you want to cut it. Make yourself more aware of unneeded costs.
 
Rule 1

First, figure out how much you'd like to spend on delightful trinkets for a month and divide it into 30 equal pieces. If the most amount you can readily devote for coffee and other optional purchases is 600 euros, put 20 euros in your wallet separately every morning. Train yourself to stay within this range. If you have money left over at the end of the day, put it aside and save it at the end of the month.

Rule 2

Plan your expenses based on your actual income, taking into account mandatory payments.

For most of us, Payroll Day is a minor holiday. It's easier to spend money when you have a reasonable amount in your account. Isn't this correct? However, do not rush to the store. Train yourself to save money on the day of accrual for all obligatory payments to learn how to save.

Immediately set aside part of the funds for: utilities, rental housing, car expenses, mobile communications and the Internet, so as not to be tempted to spend them for other purposes. Also, if you want to get one step closer to financial independence, make it a rule to transfer 10% of income to a separate account. Whether it's your special contingency fund.

Rule 3
 
The third financial rule of good health is to prepare ahead for food purchases. You can better focus yourself on what you can save by generating a list of the supermarket basket for the week ahead. This methodical strategy will enable you to save up to 30% on your food bills.

Just imagine, if you can spend 500 euros on products on average per month, then by making a rule to make a list of the necessary goods, you can save up to 150 euros.

If you still have unforeseen expenses and you do not want to get involved in long-term bank loans, you can always pay attention to online loans. There are many credit companies in Europe where you can get a loan by filling out an online application without leaving home. It is very fast, convenient and safe.