10 financial promises that need to give yourself in 2020

1. Arrange fasting days

Those who follow the diet, fasting days helps to reduce the total calorie for the week, month, and so on. To do this, from time to time there are fewer than usual.

In finance, this method also works. Select the days when you will not spend a penny (or a penny more than necessary if you, for example, have to pay for public transport on the other end of town). The victim is small, but in the end will save you and understand what you are really spending for the inevitable, and that you buy just out of habit.

Typically the discharge of the day and in the finance and power only works if the other days do not overeat and do not spend more than you planned.

2. Pay off debt

Or at least make their repayment plan. From some loans can not escape. Hardly succeed to save the morning coffee takeaway to pay the mortgage for twenty years. But there are always options. For example, early mortgage payments can significantly reduce the life of the loan and the overpayment on it. And in this case even a few thousand per month will be important.

In particular, options for early repayment should look for if you pay some credits. You definitely need a plan to get rid of them as soon as possible.

3. Close credit card

Or at least to pay it back at her. Credit card is just a tool, and how it will be used, depends on you. With it, you can borrow from the bank without interest, or to become a debtor.

If you still are not different financial discipline and debt accumulated by credit card, from it urgently needs to get rid of. And it seems that in 2020 perfectly suited for this.

4. automate payments

Only worse debt arrears. If you do not pay on time on the loan, you expect fines and, in the case of recurrence, the deterioration of credit history. Debts for utility services will grow into a fine, and may lead to a trip in the apartment of some resources.

Delay does not always stem from a lack of money or malice. Sometimes you can just forget about the need to pay. Part of the problem is solved avtoplatezhey setting. In cases where this is not possible or you want to personally monitor every money transfer, you need to set reminders for each mandatory payment.

5. Pay one's way

Enough to pay off debts. It is important not to acquire them again. Therefore, one of the best financial promises that you can afford to give - to live within our means.

However, just say to yourself, do not borrow enough. This approach requires significant intellectual performance. You need to take into account the costs be budget and adjust it when changing food prices, tariffs for housing and communal services, or life circumstances.

Most likely, you will have to give up some pleasures. But life without debt - it is a great pleasure. You may not depend on anyone, and everything that you get yours.

6. Increase the reserve fund

Or create it, if before the hands do not reach. The reserve fund is needed for everyone. He will gain, if in your life there will be a force majeure and will eliminate the need to go into debt by credit card or take mikrozaom, if money is needed urgently, and take them nowhere.

Typically, the reserve fund is formed of at least three monthly salaries. With this money, you will live, you and your family, if cut at work or something like that to happen.

However, it makes sense to increase it in order to feel more secure. For example, if you are seriously ill, you can make the operation of CHI. But sometimes you have to wait a long queue, and the disease developed at that time. Pay surgery in this case is essential.

So make a priority reserve fund. From the nest egg for a rainy day, no one has yet got worse, but from lack of it - very even.

7. Abandon the senseless waste

Surely, you have several items of expenditure for which the money is spent in vain. For example, you bought an annual subscription to a fitness center, and there appeared three times at the beginning of the year. Or paid training courses, and again did not find time for them. Or connect mobile tariff, the monthly fee is inclusive of 100,500 minutes of talk time, while they themselves call someone for the last time in 2012, in fact there are messengers.

Throw off such ballast. This will benefit your wallet.

8. Get rid of bad habits

This line in the list of New Year wishes is extremely common. But look at it from the other side - from the financial.

If the references to studies proving injury, you do not work, just sit down and figure out how much money you spend on alcohol and cigarettes in a month. Then calculate how much faster repay the loan, if this amount will be directed to the early repayment, or where you can go on vacation for the money. Most likely, the results will impress you.

9. Explore career prospects

In order to achieve financial well-being, you can spend less or earn more. It is clear that going with the flow, to work for years in the same place and complain about low pay conveniently and safely. But if for a long time nothing has changed in your career, the changes require not only the heart but also the wallet.

So you need to decide how you are going to change the situation. You can ask for increase in your company or go to another. For both methods, you will need to remember the achievements and transform them into figures to present yourself convincingly.

10. To renegotiate the terms of savings

Set aside each month of the earnings in the piggy bank - a good habit. But by inertia to keep their savings in the same place for years - is bad.

Compare the terms of your bank deposits with competitors options, look at what it offers to new customers. If you have something does not suit, perhaps it's time to change the input or say goodbye to a financial institution.

What would you add to this list are you?