Why is it that we spend the month waiting for pay day and then, before we know it, we’re broke again? Here’s how to make the most of your salary so that it lasts until the end of the month.
We all count down the days to pay day, and there’s nothing like the relief of seeing your bank balance out of the red. But after splashing out on designer shoes, beauty treats and fancy nights out, we’re quickly back to zero funds. Before we know it, we’re faced with another couple of weeks broke until the next pay cheque. If you’re tempted to take your penny collection down to the bank, fear not! Here are some tips on how you can stretch your monthly wage and still afford to have fun.
Pay yourself firstDo you put enough away for a rainy day? The experts recommend that as soon as you get paid you put 10 per cent of your salary in a high-interest savings account. Rather than seeing it as a chore, see it as paying yourself. Then, once you’ve paid all your bills and other expenses, divide what is left in your account into four. This is your weekly allowance, and you cannot withdraw any extra.
The three-day rule
Apparently, women use their credit cards to buy clothes twice as much as men. The next time you see an item you like, give yourself three days to think about buying it. More than likely, you’ll realize that it’s not a necessity and end up going off the idea. What a difference a few days can make!
By lilian ukwo
No comments:
Post a Comment