Edited in Canva
I live in a country where, unfortunately, the high cost of living and inflation has been sweeping us since a few years ago. Lately it has become quite difficult economically, so many compatriots have been forced to emigrate to other countries, looking for a better way of living for themselves and their families.
However all this situation has led me to make a habit in my life that I did not have before, at present it is totally impressive that being a professional is not worth it, as we have been devalued in my country, everything has been changing little by little, now I just have to adapt to this system of life that has not been easy, I depend on a pension that is barely enough to eat, this has led me to look for other strategies or ways to supplement and cover my needs, apart from writing on this platformhive which has been a great help for me because of the support I have had from you, I also work in the informal economy on weekends.
How do I keep track and budget for my project?
Calculating my weekly and bi-weekly income.
-I have to track my expenses.
-I set realistic goals and don't rely on fantasies 😁.
- Most of all I adjust my spending to stay within budget and not go through heartache.
- I review my budget regularly to know how much I have in my account.
Why and how does it benefit me?
- First of all I must start by being realistic, we are living as I said at the beginning of this post in a country where inflation reigns.
- I have to be aware of the income that comes into my account and adapt myself to spend what is necessary, without accessing me, distributing it in an equitable way so that it reaches in a way that it covers some priority needs.😔
I keep track in a notebook to write down the weekly budget, and set short, medium and long term goals, depending on the need.
All this allows me to measure and know that I have a spending limit. Finally, I have to be very clear that I have to organize the necessary expenses, tastes and savings.
Also because it is the only way to keep track of my expenses, so that little by little I can achieve what I need, saving and looking for deals, hahahaha there is no other way. - Knowing what I will use the money for.
- Although I have not been a spendthrift, I have learned even more to manage my income responsibly.
- Priority for me, above all, is to pay my debts on time, not to let them accumulate, above all I develop strategies to make better use of the money, not to make unnecessary expenses and I define a way to save at home.
Examples.
I can plan my finances based on different objectives and needs, this is for greater peace of mind and greater margin of response to my needs, worth the redundancy.
This also allows me to measure and know that I have a ceiling on my weekly income. Finally, I have to be very clear that I have to continue organizing my necessary expenses, in tastes and savings.
Greetings to the hives that make life in this community @WEEKEND EXPERIENCES, to the friend @galenkp, grateful for the suggested topics, although I took a complicated topic to develop; but it is the current reality, in which we are living 😔.
Blessings to all, the photo is my own and the translator I used is Deepl.
