Analysis of income and expenses will help to stop living “from salary to salary”, said In an exclusive interview with Channel Five investment specialist Elena Drozdova.
It recommends understanding the sources of income, their sustainability, the dynamics of change and growth potential. Income includes not only fees, but also cash gifts, tax benefits, refunds on cards, interest on deposits, etc. includes. After that, the specialist recommends analyzing the costs.
“To do this, we combine them by category and severity. Fixed, variable, seasonal and unpredictable expenses. For example, electricity bills, healthy food and food waste in the form of chips, alcohol, sodas, etc. Healthy food costs will be fixed and food waste is variable it will be,” Drozdova explained.
When variable expenses are allocated, it will be easier to get rid of items that are not so important. Separately, it is worth paying attention to emotional purchases, the expert continued.
“To determine the value and importance of the desired purchase, the following question will help: “Would I buy it now if I didn’t have a main source of income?” By answering this simple question, you will determine what is valuable and important to you,” he added.
Financial Advisor Gulnara Salikhova at the beginning of June spokethat it is dangerous to save the family budget. According to him, we are talking about quality of food, necessary medical services and education of children.
Previously, it was known how many companies there are. request raising the wages of employees.