Paying attention to the fact that the balance at the end of the month is above zero while planning the family budget, declaration In an interview with Nikolai Kuznetsov Life, Doctor of Economics, Associate Professor of Finance and Credit at the State University of Management, Institute of Economics and Finance. He noted that if there is no money left in the piggy bank, this means that the family literally “eats” everything they earn and lives “from paycheck to paycheck”.
“The main rule of financial planning: The balance at the end of the month should always be greater than zero. If this rule is not followed in a month – this situation is called a “budget deficit”, then you need to review your expenses in order to get rid of it, reduce some expenses or transfer some of them to another month, ”explained the expert.
Kuznetsov also recommended dividing expenses into mandatory (loans, housing and communal services, food, etc.), discretionary (entertainment, shopping, restaurants) and emergency (expenditure in unforeseen circumstances) when calculating the monthly budget. For the latter, the economist recommends investing 5-10% of income.
Former economist Alexander Baranov declarationIt is not recommended to buy the currencies of hostile countries, because in 2023 it is best to keep your savings in rubles, because of their possible decline and subsequent sanctions.