Financial tips are always a welcome topic, especially during these trying times. Since the start of 2020, a lot of struggles have shown themselves giving a lot of challenges to all walks of life. Yet, we, who still strive to make the most of things need to have our own personal guidelines on how to achieve a comfortable life without going the extra mile.
No. 1 – The Need vs. The Want
This is probably the most mentioned saying when it comes to buying things be it online or face to face. As human beings, we always strive to have the best of what we can acquire with the money we worked hard for. Especially with Lifestyle Bloggers like myself, or Fashion Influencers or Cosmetics driven, all the way to the Techies of the world, there’s always that fork that gives us the ability to choose.
It is very important not just for those who can, but for everyone to determine if a certain object that can potentially spark happiness falls under the need category or just a want category.
For instance, smartphones. Is it really that important that you have the latest and greatest smartphone that costs around $1,500 or would last year’s flagship, which is now just a fraction of the price perform any less help you with your daily routine? Or perhaps would a new pair of pump heels satisfy your fashion sense and give that same experience for the upcoming months?
This is the most important tip to consider and that apparently a lot of people tend to neglect.
No. 2 – Budgeting is Key
From 2020 to 2021, budgeting is probably the biggest struggle many of us had to suddenly consider. Unlike before, before all these stay-at-home scenarios came into play, the average working-class hero would have a routine that in a way secures them until the next paycheck.
That would look something like this:
- Salary comes in
- Funds for bills
- Some for transportation
- Save some for weekend expenses
- Put little savings in the bank
- Whatever is left, pocket money
This was the usual setup for most working individuals back then, but in 2020-2021, since the majority are now working from home, that’s now down to just a few things since there are more things to consider, which involves spending more on bills, on daily meals, with the inclusion of medicines, necessities. If this is a struggle for you, you can try out this link which can really help you manage expenses.
Personally, I don’t see anything wrong with spending, you worked for it, therefore, you have every right to spend it, just make sure it is within your financial budget that you don’t compromise on the essentials.
No. 3 – Cool Down
It is no secret that with the new norms, everything can get stressful. Be it from work, having to deal with the long lines at the grocery, or simply just going outside of the confines of our homes to buy the essentials, we need to cool down every once in a while.
By cooling down, basically means relaxing and pamper yourself. In 2021, unlike other countries where the economy is slowly going back to normal, in my location, things are still progressing slowly. Instead of focusing on things that are way beyond your control, focus on the things that are.
This of course involves you as a working-class hero and your well-being. Cooling down can be achieved from the simplest form which is getting a cup of coffee in an airconditioned environment with nothing but soft soothing music, or, if your financial budget permits, a staycation in a decent hotel will do too.
It really just depends on your budget and lifestyle, if however there are doubts on what to do or how much to spend on certain things, as mentioned previously you can check out the link I’ve previously mentioned which can help give you deciding factors to consider.
In any case, let me know in the comments what your thoughts are? Or if you have any suggestions you might want to add to this article or even best practices that others might find helpful or interesting.