Sometimes the feeling is that the budget is like a balloon that has partially deflated – squeezing it on one side and bloating on the other. The same goes for budget revenue and expenditure – decreasing income increases expenditure, while reducing expenditure increases income. For example, by cutting fuel costs, we save money on food. Conversely, when wages are reduced, it is difficult to pay the bills with existing funds. Human life goes on, trying to figure out how to live better with the means available.
Tips that can help you save a little when your budget is low
Increase your car insurance deductible
Deductible is the contribution of the policyholder to the loss, which is expressed as a certain part of the repair costs, which the policyholder bears at his own expense when the insured event occurs. Other costs beyond the deductible are borne by the insurance company. As experience has shown, the higher the deductible, the cheaper the insurance policy, which saves you a little money each month ( unless there is an insured event that has to cover the increased deductible ). Another benefit of increasing deductible is the fact that the higher the deductible, the wiser the driver is, which in turn both saves the car and protects against insured events.
Review the taxes you pay and don’t pay
Reviewing the taxes you pay may help you understand what taxes you are entitled to, which are overpaid during the year and are returned at the end of the year as a percentage. Conversely, reviewing taxes that you do not pay can help you understand what taxes you should actually pay and that you may be subject to penalties or penalties. In a word, reviewing the tax system can both raise funds and avoid unwanted expenses.
Choose a different vehicle at least one day a week
Walk, bike, public transit, or any other vehicle that costs less than a car. You will notice that you save not only fuel costs but also other car-related costs, such as repair costs that may arise over time.
Determine your desires and needs
You don’t need a morning latte, lunch in a restaurant or a movie theater. You do not need chewing gum, sparkling lemonade, breath fresheners, new handbags, nail polish or a car wash. Not buying these things you want but don’t need can save you a lot of money, then extra money.
Find money in your home
You don’t have to look far to get extra cash. It is definitely found in your own home too – inspect your attic, pantries, basements and garages and you will certainly find things that you no longer need and are no longer used for, but can be useful for someone else to bring you extra income.
Remember, yes, sometimes it is difficult to even make ends meet , but try to be creative, frugal and do what you already have.