Good intentions are already flying around us. A healthier life is high on everyone’s list, as well as looking for a new job and making that one dream trip. Unfortunately, we hear less often about getting finances in order, while this is an important part of a stable life. In this blog, we give you five tips in the financial field, so that you have your financial affairs in order in 2020.
5 money tips for the new year
To ensure that you can (continue to) do fun things in 2020, it is important to have a stable financial household. Below we give you five tips that give stability to your finances.
1. Set financial goals
Good resolutions are nice, but they often fail in the first weeks of the new year. To increase the chances of success, you need to set concrete goals. It is important here that the goals are achievable. For example, set a goal to save a certain percentage of your salary instead of a fixed amount. A percentage is always proportional to what you have earned that month.
Be strict, but be fair to yourself. Are you unable to save 35% of your salary every month? Then adjust your goal to 30%. You mustn’t forget to reward yourself when you have achieved your goal.
2. Don’t be tempted
The well-known brands in the retail world know exactly which clothes to show you to get you excited about a purchase. It seems a coincidence that you viewed a shirt two days ago via a webshop app and that it is now offered with a 20% discount. Unfortunately, this is one of the many smart tricks that the webshop uses to persuade you to make a purchase. Reduce the risk of temptation and remove the webshop apps from your smartphone. Also, unsubscribe from emails with offers and newsletters to avoid temptation.
3. Provide an overview
Do you always have something left at the end of the month? Are you short of money? Or do you have no idea what your financial household looks like? Then make sure you have a clear overview of your income and expenditure. With a clear overview, you can see at a glance where your money is going and what you can save on. You can keep track of it manually, but you can also keep it automated with an online cash book. The digital cash book links with your accounts so that your financial pain points become clear. Try an online cashbook now for free to see if it works for you.
4. Do your shopping with a list
Avoid impulse purchases by purchasing only the groceries on your list. With a clear plan, you will be done shopping faster and you will not buy products that you do not need at all. Often you are also cheaper if you not only buy your products at the supermarket. They have cheaper vegetables on the market than in a supermarket.
5. Cancel, switch, save
Every year there are numerous opportunities to switch to cheaper insurance and subscriptions. Make use of this! Take the time to find out which insurance and subscriptions are the most beneficial for you. Think carefully about what you are looking for and do not pay for things you do not need.