Buy expensive things not immediately after your salary, but before the next one
When we get a pleasant sum, it seems to us that we can safely spend a third or half of the money on a large purchase. For example, on a new bicycle. And the remaining money will definitely be enough until the next salary.
Perhaps you can really manage to distribute the whole amount so that you can buy something expensive and live comfortably for the whole month. You can check this: set aside the money you want to spend on the chosen bike and plan to buy it at the end of the month. Spend the rest of the money as you see fit.
When the month comes to an end, take stock.
Did you do well and the amount you set aside is still intact? Then you’ll spend it happily and get the bike you’ve been waiting for.
But imagine that the money was not enough and you had to take some of it out of the stockpile. Then you have something to think about and maybe balance your expenses in the future. And you can take the missing amount that you spent from the money you had set aside from your new salary. And live the next month without fear of running out of money.
Check how much you have increased your expenses after the increase in income
It often happens that a person, having started earning a little more, immediately decides: now I can afford not to save money. And starts spending without restricting himself.
It is a natural desire to move to a new financial level. But if before money was always a little short of money, it is worth patching the financial holes first.
Try not to change anything in your expenses and lifestyle at first. And the extra money – those that you receive over and above the previous salary, do not touch until the end of the month. When the “old” amount comes to an end, you can safely spend the bonus. Perhaps, this bonus is just the money that you lacked before the salary.
If at the end of the month you will still have free money, you can safely increase your expenses. But by exactly the amount that was free. If you start spending more, you will again face the situation when you run out of money before you receive your next salary.
