Personal income: this is a combination of money incomes, sources and methods of regulation

Personal income is the sum of money,received by an individual. In addition, personal income can include other sources: wages, dividends, pensions, allowances, commissions, bonuses in cash, payment for certain types of work, gifts in cash, social and other payments.

For most people, it is important to be able to managepersonal income. With such a useful habit you can control your savings, the flow of funds. Personal income definition for each person has an individual. Try it and you start monitoring your cash flow today! And immediately you will see how much you can save, and what this important habit will eventually bring to you.

Many people can save money, but howcorrectly and competently invest them and multiply, they do not know everything. According to statistics, personal income is 25% wasted. Many, probably, will think, that they and so in many respect to themselves refuse, however it not so.

Personal income is, first of all, discipline andcontrol over funds coming in and out. It is very important to learn how to manage a family budget, and it is best to start it with a notebook or notebook to record all income and expenses.

Savings can be of various kinds. Household savings and personal savings are represented as the difference between personal disposable income and expenditure. The latter can be conditionally divided into mandatory and optional. Mandatory expenses of the family budget: for clothing, food, personal hygiene items, utility payments, renting an apartment (for those who have to rent an apartment). This amount does not change from month to month. Therefore, this type of expenditure must be made in the articles of the family budget.

The most important habit that a person should have is preparation before going to the shopping plan store. The list must be prepared in advance, everything must be carefully thought out and "weighed".

Council one: the creation of a family fund. For example, funds planned for personal income and household expenses are best kept with those that you plan to spend on entertainment.

Council of the second: things and products need to buy always on time. And it does not depend on what your personal income is, it's just the ability to spend money wisely. There is a very important saying: "Poor people buy things in the season, and the rich - during discounts." Therefore, if you are striving for financial independence, it is best to follow the habits of rich people. The cost of things that are sold during the season can be 50-80% more expensive than off-season. Things with discounts can be bought in online stores or order them from catalogs. As for food, then those products that have a long shelf life, it is better to buy in bulk or in advance. So you can save up to 30% of the money that you plan to spend on food.

The third tip: Try not to go beyond the list of purchases you compiled. You need to buy only the most necessary and necessary. Most of us already in the store remember that you need to buy both. However, if you did not include it in your list, you can do without it. The main thing is to control the situation, not to be her hostage.

Tip Four: contact your relatives and friends for advice. Before important purchases, it is best to ask your relatives or friends who are better versed in this area. They will surely give you a couple of valuable recommendations and advice. So you can buy goods at a lower cost and faster.

The fifth council: increase the sources of personal income, as well as personal income, that is, look for new ways to earn.

Try already today to start making up a familybudget and monitor personal finances, and you will understand how nice it is not to wait for the next salary to afford anything. Experiment and monitor your personal income, it's easy, then you'll see how 10-30% can turn into amounts that can be invested.