3 Easy Financial Tips That Will Blow Your Mind

Intro

In this article, we’re gonna talk about 3 easy financial tips that will blow your mind. It’s easy that everybody can do it, but most people don’t know or don’t do it.

Spend money wisely

This is obvious, but most people don’t use their money wisely, if you spend your money wisely I have a great example to check how you are doing. It’s 50 20 30 Budget rule, you may hear of it, so basically 50% of your earning goes to essentials like rent, bills, foods something like that, and 20% for savings, and 30% for anything else you spend, it could be anything else than essentials. If you save more than 20% of your earnings you’re amazing, if not try to save at least 15–20% of your earnings.

Stop using a credit card

If you’re one of those who try to save some money stop using a credit card. According to some studies, they showed that people who use credit cards spend more than people who use cash. There are many psychologies behind it, and I think this happens because when you use cash, there are exact amounts, but when you use a credit card the limit is very high, so which leads to more spending. So if you use a credit card and want to save, stop using a credit card and use cash instead, it will increase your savings.

Invest

I think investments are great ways to save and earn money. The easiest way to invest is to invest in a company that you like. The most important thing about stock is not selling it, when it drops don’t sell it, just wait until it gets up, and don’t sell. Stock is like a property or an estate that you own, so it would be great if you keep them.