People who have a low income will sometimes still need to have money on hand. For the difficult periods, for example when something breaks, money is ultimately needed.
It’s difficult if you have a minimum wage or a benefit, in addition to which you also have to pay the bills that keep piling up and perhaps also have to feed children. And if you do not pay an invoice, a collection letter will follow. At some point people get stressed because they don’t know how to deal with this. The most important thing to do first is set priorities for yourself. What comes first? And what can wait? Like shopping or going to the hairdresser? Bill or going out? Check your income and expenses. Saving means putting money aside for later when you really need it. If necessary, you can purchase a second account as a savings account, which you can manage with internet banking. You can request an internet bonus package from the bank on the account you want to save with. Once every 3 months you receive interest on what is paid out at the end of the year. But if you take everything off at once and put it back on just before the third month arrives, nothing will help. A family that is struggling to make ends meet without saving must take measures. Expenses in particular need to be reduced.
What can also be useful is a cash book in which you write down all your income and expenses. This can be done in a word program on the computer, a notebook, a note book, it just depends on what you find easiest. Once you have done that, you can easily see what you have left over in the month, what you can save. This creates an overview for each month.
Consider how much you spend on groceries each month. Before you go to the store, it is best if you make a shopping list, so that you do not come home with things that you ultimately did not need. It would also be a good idea to buy brands from the supermarkets at home instead of the branded products. Also keep a close eye on the offers in the brochures, which can sometimes save you money.
Every family needs a buffer for difficult times. The larger the family, the larger the buffer must be. A buffer is especially useful if something unexpectedly breaks. The repair costs will have to be paid or the device will have to be replaced. A minimum amount of approximately 600 euros should be available.
The latest tips
Some more tips to save and/or save money.
- Don’t leave the lights on if it’s not necessary.
- Close the doors so that the heat stays inside.
- You can sell used items that you no longer use on the internet.
- If you have a PC, purchase an extension cord with a red button when you shut down the PC. Then press the red button.
- Go somewhere by bike more often instead of by car or scooter.
- Don’t go to the supermarket on an empty stomach, as you will end up buying things you don’t need.