Salary is a difficult issue for many people. With prices of services and goods that continue to rise, often times people feel their salaries are insufficient. This doesn’t necessarily mean that they live in excess; for most people, the amount they receive is just enough to cover the basics. If you’re one of them, we want to tell you to stop worrying. The amount that you make isn’t the end goal of your journey. And it’s not impossible to go out and have fun once in a while even on your current salary. Let’s take a look at what you can do to work around this problem.
Get your budgeting done
Make it a habit to create your own financial plan at the beginning of every month after you receive your salary. Avoid uncontrollable spending just because you have money on your hands. In fact, the first step before you spend anything is to plan your basic expenses and from there calculate the amount you can keep for other things. Categorize your spending, e.g. transport, lunch, and others, and do not forget to allocate 10% of your pay for savings.
Avoid buying things you don’t need
If you have difficulty to distinguish needs and wants, you’re not alone. But it is important to not buying things just because they look nice. Take going out to dinner with friends for example. Have some meal before you leave; now, you only need to buy some drinks and cut your spending.
