BestChange Friday, 03/08/19 05:02:59 AM Re: BestChange post# 26 Post # of 48 Today we have gathered 5 unsophisticated pieces of advice which will help you manage your money more effectively and won’t need lots of effort, focus or time. 1. Set up specific goals Financial experts insist that making a list of specific actions that you want to do can be very useful. Avoid blurry descriptions such as “save up more” to receive a more exact plan how to “work” with money. Moreover, to not overload yourself and your budget, set only 3 goals you feel more certain that you can reach. For example, “purchase of a laptop”, “purchase of a car”, “marketing courses”. 2. Make an emergency fund No, it’s not about your saving ups, it is rather a fund for unexpected costs in case of emergency. Everybody can find themselves in trouble, that’s why it is better to be prepared in advance. When force major strikes, you won’t need to “pinch” from your savings or lend money from all your friends. By the way, hide your emergency fund as far as possible and don’t check it without the necessity. 3. Spend money only on things that help you grow The only way to achieve this goal is to assess your current expenses. You cannot go forward not knowing what was your starting point, can you? So, learn your expense items for the year and make a conclusion which habits or things you should exclude and on which you can spend more. Set it as your rule: only spend your money on things that bring you visible and tangible benefit. 4. Set up a day without expenses Financial advisers suggest setting up a day when you won’t have any expenses at all – and that is a very good decision which will make you more focused and attentive to your own finances. This goal is specifically useful for the young people who often do not account for their money and recklessly spend it on entertainment and fun with their friends. Who knows, maybe in future you will learn how to have even two days a week without expenses! 5. Repay your debts immediately Make it as your goal to firstly repay all the debts: to people, banks or credit offices. Of course, you should try not to borrow money at all, but if you have done so, make it your priority to repay debts and not spending on yourself. In other words, adopt the philosophy of quick repaying rather than yielding to your whims. It is not easy, but this will make you a more organized and task-oriented person. We hope that our advice will help you save up your money so you could grow it buying actives you are interested in with the help of our service.