Today, I’m giving way to Sitan from Budget’Ease to talk to you about your finances and how you can become your own credit institution to train yourself and gain skills.
Today, I’m giving way to Sitan from Budget’Ease to talk to you about your finances and how you can become your own credit institution to train yourself and gain skills.
You’re doing your job, you’re leading your quiet little life and
suddenly, the coronavirus comes along. With all the upheavals that the pandemic has brought, you also realize that your job is not giving you satisfaction.
You don’t have time to enjoy your loved ones and you would like to change jobs to do a more fulfilling job.
But to start a career change, you will have to develop new skills, in a word: train yourself.
The problem is that the training courses that interest you are not eligible for the CPF (personal training account) and you wonder how you are going to be able to finance your professional transition.
Your finances are unstable, you don’t have any
money set aside, you are often overdrawn before the 20th of the month…
You finally tell yourself that you will have to be content with doing your job that does not fulfill you (because at least the salary comes at the end of the month).
What if there was another possible way?
Financing your training yourself remains the best option to change your professional life but to be able to do it, you will have to learn to manage your budget so as not to be in the red anymore.
Yes, it is possible, even with a minimum wage,
even with children and without suffering frustration.
In this article, you will discover 5 tips for going from an overdrawn account to savings available to make your professional project a reality.
1. Take stock, don’t bury your head in the sand
Do you want to finance your training yourself? Start by no longer burying your head in the sand and look at what you spend at least once a week.
Leave no room for guesswork: you need to know exactly what you earn and what you spend.
Take a pen and paper or open an Excel spreadsheet on your computer and write down your income and expenses:
How much money do you receive each month?
Salary
Activity bonus
Alimony…
What are your fixed costs?
Rent
Water
Electricity / gas
Telephone
Internet
Insurance
Taxes…
What are your variable costs?
WhatsApp has updated so that everyone denmark whatsapp number data 5 million in the user’s network is notified when a user’s status changes. This new feature, to Koum’s surprise, users used to ping each other with funny custom statuses like “I woke up late” or “I’m on my way”. WhatsApp is a medium of communication through which we can do many kinds of work online now all people use WhatsApp to do many kinds of work and earn money.
Groceries
School canteen
Petrol / public transport
Sports activities for you and your children
Leisure / miscellaneous (cinema, restaurant, hairdresser, etc.)…
To track your income and expenses, use your bank’s application or the Bankin’ application.
I make it easy for you with my free workshop to get your finances in order.
You will receive an Excel file and a pdf document to print if you prefer paper as well as a video to help you fill it out.
Receive the free workshop
*affiliate link
All you have to do is fill in the sources of income and the expense items. The calculation will then be done automatically to give you your savings capacity for the month.
2. Reduce costs to be able to finance your training
The second step to be able to finance the training of your dreams is to reduce the costs that can be reduced.
Now that you have your Excel spreadsheet or paper with your income and expenses in front of you, you should see that some items are higher than you thought.
I am sure that you can reduce some of your fixed costs. Not your rent obviously, but it is possible to play the competition for a lot of contracts:
Electricity, gas: use the comparators to find the best offer
Internet and telephone plans for the buy email list by country whole family: it is sometimes advantageous to group everything together. You can also use Ariase which finds the best offers of the moment for you
Insurance: car, home, school… Here again, play the competition and group everything together to get discounts! Once you have managed to reduce your fixed costs, tackle unnecessary expenses. Yes, yes, I assure you, there are bound to be some. Seeing them on paper or in Excel will help you become aware of them…
This could be a gym membership even though you have only been there three times in a year, a subscription to an app that you had forgotten about, but also the impulsive purchases that you may make.
In addition, by writing down your shopping budget, you may realize that it is higher than you thought. You can then try to reduce it by setting yourself a weekly budget that you should not exceed.
3. Pay your fixed costs as soon as you receive your salary
You can already see things a little more changsha mobile phone number list clearly! Next step: pay your fixed costs at the beginning of the month.
Your fixed costs should be the first thing you pay each month to avoid paying late fees. As soon as you receive your salary, set aside time to make transfers to all the relevant organizations.
