What to do in these circumstances, how to plan a personal and family budget, not to worry about tomorrow, told the “Russian newspaper” experts from the National center for financial literacy, consultants on financial literacy project verifikasi.Russian Irina Regina and Anna Zaikina.
1. Create a stabilization Fund from three to twelve monthly costs
In case of an emergency and unstable revenues, the stabilization Fund will help to stay afloat, not to despair, and confidence in the future to find ways to create new sources of income.
it is Important to keep the money of the stabilization Fund in cash or on Deposit. Do not invest them in precious metals, stocks, bonds or real estate – it is not known when they can you will need and whether you will be able to quickly withdraw their capital projects without a loss.
Set the amount of the basic expenses, the less you spend can not. Delay in the reserve Fund at least 10% of regular earnings and 50% of additional revenues as soon as received the money. If the income is greater than the underlying expenses immediately send the difference to the reserve Fund. Thus, you will fill it quicker and will be able to focus on survival, on finding the optimal solution in a difficult situation.
2. Keep costs under control
At the same time do not go to extremes – don’t skimp on everything, and correctly optimize. Create a table of expenses, dividing them into mandatory and optional. In a difficult situation try to minimize the cost from the column “optional”.
Streamline your daily operations. How effective are your deposits and card? Do you have your card the opportunity to receive increased cashback on certain categories?
figure out which tax deductions you are supposed to and be engaged in their design. For example, you can return every year to 15,600 rubles for the training of himself and his family, including the payment of the kindergarten and the various courses and the same amount for treatment and payment of medical services to 52 000 the deduction on the individual investment account, to 260 000 – 390 000 rubles for the purchase/construction of the first housing, including using a loan.
Engage in financial planning – this advice is especially important when out of isolation. Make a budget plan for at least three months, ideally a year.
pay Special attention to the expenses that occur every month: car maintenance, vacation, clothes shopping, large purchases, gym membership, gifts for birthdays of family members. Look at your life for the year ahead, write down all the major expenses months, to understand how and when you will need money. It is possible that in some months, will not be torupen purchases, and in some months falls several large articles of consumption, and these costs will have to prepare much in advance.
3. Use the five envelopes
In a difficult financial situation where you slipped in income and know that the next flow of money will no earlier than a month, subtract pay received for the costs of utilities, insurance, medicine, etc. the Remaining amount divide into five equal parts and fold into the envelopes. One envelope is one week. In a difficult financial situation keep the money in cash, because on the map they are easier to spend and not notice. Try by all means not to get ahead of time in the next envelope. Thus, the following salary you have to remain intact for the fifth envelope, money which you can put in the stabilization Fund.
4. Find out about the support and benefits from the state
In the last three months adopted a number of government measures to help the Russians. Be sure to find out what help you are entitled to: payments to families with children, compensation for utilities, support of lost jobs, vacation credit.
the Most important thing to remember in terms of coronaries and exit isolation may not be minor amounts. Proper money management is the sum of small daily steps you take for the benefit of its budget.