How to survive in times of crisis. Great advice from a leading businessman
In times of crisis, many families experience an acute shortage of finances to buy food and pay bills. For survival, people save on everything, denying themselves comforts and benefits. However, according to the well-known business exchange, during the crisis, you can not abandon the previous purchasing power and save some of the money for large purchases.
How to survive in times of crisis?
From our article you will learn how to raise finance for the acquisition of your dreams, while not abandoning the usual benefits.
– 1 – Budget planning.
Many people lack an understanding of the “leakage” of their own money.To understand and control your cash flow, you need to carry out your budget planning at any, even in the “non-crisis” period.
Each family should have a notebook to record all expenses, even transport. So you will understand that you have optional expenses, priority and necessary. Mandatory expenses include: payment for school, Internet, housing and communal services. These funds are postponed, because they belong to the inviolable, which should not be spent, under no circumstances. So spontaneous spending will not occur.
You need to learn how to shop for products. For example: buying 2 small chicken fillets, you will spend the same amount of money as for a whole 1, 5 kg chicken. From the fillet you will cook only 1 dish, and from the chicken – a few. And such a calculation needs to be done with every purchase.
– 2 – Putting aside money.
From all types of earnings, try to postpone at least 10%. Especially, this applies to the crisis time and lack of money. You must remember that the situation may worsen and you will need savings.
Having set aside 10% and the amount for mandatory expenses, divide the remaining amount by 4 envelopes for each week. So you will understand how much you can spend on products and things. With the remaining money in the envelope, you can please your family with a trip to the entertainment center or to the cinema.
– 3 – Do not forget to dream.
You can plan and save money, both for short-term projects and for expensive global ones. On a paper sheet you can draw your dream and material goal for it, which you wanted to have in 2, 4, 9 years. Thanks to these visualized plans, you will have added motivation that will help in the proper planning of the budget to achieve your dreams.
– 4 – Do not be afraid of all loans.
If there is an urgent need for money in times of crisis, then it is worth considering the use of credit. Do not use a loan to buy household appliances if there is no urgent need. But it is possible, if possible, to sell something, to purchase housing, even using a mortgage, because it is now inexpensive.
With a low salary, do not chase the latest iPhone model to buy it on credit. You can not engage in microloans, because this indicates your ignorance. After all, a microloan is allocated at a huge percentage: from 700 to 100% per annum. And such an amount is difficult, even for a wealthy family.
– 5 – Carry out a price analysis of products in the nearest stores.
Find such stores where meat is the cheapest and where you can buy inexpensive, but high-quality milk, etc. This will help save your budget.
– 6 – Prepare your shopping list in advance.
When going to the store, always carry with you a list of the products you need. This will help you avoid spontaneous purchases. In large supermarkets, everything is arranged so that buyers make unforeseen purchases and spend significantly more money than planned.
Especially when going to the store with children. They ask to buy something not very necessary, not planned by you. And you think that this is a penny, and you are not a beggar to refuse a baby. This is human psychology. Somehow at your leisure, calculate how much your pliability of children in the store costs when you buy unnecessary products and things.
It is necessary to teach the kid not to arrange tantrums and not to succumb to his manipulations. Having endured several times, you can achieve success. Find the arguments.
Do not buy expensive frozen foods that you yourself can freeze in season. Also, refuse semi-finished products that poison your health. All this can be done by yourself on the weekend and freeze.
– 7 – Be careful about promotional items.
The meat can float in an incomprehensible liquid, sausage on the verge or already expired, the cheese has acquired a bitter aftertaste, dirty potatoes are half-rotten, etc. All of these products can be sold at low promotions, but they can steal from you much more than you saved. This is your precious health, the restoration of which will have to pay a lot of money.
Or, having arrived home, you will be convinced that the products are spoiled and send them to the trash. What is the saving?