The size of the salary often affects how to manage the right so that you can avoid the condition of the financial deficit. Especially if your salary including fixed income or monthly salary alias with the necessities of life are often up and down. For those who are underpaid, they will find it hard to save money on things like: emergency funds, tuition, pension funds, buying a car, and so on. In fact, not infrequently there is a run out of money in the middle of the month. This may happen because they can not manage their monthly salary well to meet household finance needs.
Every family must have plans for its future such as: vacation, own house and car, to tuition of children, and pension fund. The plan requires a lot of money, while looking for additional income is not something easy. That's why you need several ways to manage household finances with small salary so that the plan has been compiled can be achieved. For simplicity, consider the 13 ways to set household finances with the following small salary.
- Perform Home Cost Evaluation
his family's finances because the mortgage (mortgage) has cut most of the monthly salary. House payments should not be more than 25% of total salary earned each month. Look for mortgages that offer the smallest installment, or if you have not been able to take home mortgage, you should look for a cheap contract. There must be several offers that fit the capabilities. The key is you must be diligent to keep looking for information.
If you have your own home, you can set aside some of your salary to make savings or invest. If you are single, you can rent a room at home for 1 or 2 friends. The money from renting the room can help you pay the mortgage to be cheaper and is a good way to invest. In this way, you can repay the house and set aside some money for other investments such as: savings and emergency funds.