Given the difficult geopolitical situation that has developed over the past few years, the Russian economy is experiencing certain difficulties, which sometimes have a very noticeable effect on the well-being of individual citizens.
However, some of them still manage, despite the crisis, to handle their finances very competently, so that they do not experience overly complex economic problems.
Why does someone manage to live safely on his income, even in a crisis, while someone is chronically in a state of searching for an extra penny?
It's all about basic financial literacy and the ability to effectively save money. Do you think that in order to learn how to properly distribute your personal budget you need to have an economic education or attend a dozen trainings on this topic? Not at all! It’s enough, when making any decisions related to finances, not to make the most common mistakes that devastate our wallet.
10. Illiterate calculation of funds
Simply put, you need to adequately correlate your personal needs with financial capabilities. In the matter of competent budget planning, an important role is played by the prioritization, based not on momentary emotions, but on a sober assessment.
9. Permanent loans
This form of financial illiteracy is very common in Russian society. People who constantly take consumer loans or use credit cards do not realize that with this they are increasingly moving away from themselves the prospect of economic growth.
They live beyond their means, so talking here about some kind of savings is simply pointless. And even if you do not borrow money from a bank, and regularly ask for a loan from a friend, this does not promise you financial advancement in the near future.
8. Ignorance of rights or their non-use
Among us, few people fully use their rights. For example, many of your friends got the opportunity to make repairs for free under warranty or decided to return to the store a purchase of inadequate quality? Also, very few of us keep warranty documents and checks for a long time. But in vain!
Citizens who are entitled to receive any benefits often do not have sufficient knowledge about their capabilities or simply neglect them due to certain circumstances.
Practically endangered species are those of our compatriots who are trying to exercise their legal right to receive tax deductions. Most of us are just too lazy to spend time and effort on this, as it seems to us, a deliberately losing business, especially when it comes to amounts of less than 10 thousand rubles. However, tens or even hundreds of thousands are gradually collected from such indirect losses.
7. Underestimation of savings
In our era of consumption, a significant part of society with great distrust of the basic principles of economical farming.
It seems to many that these minimal funds, which were saved on limiting oneself to everyday needs, will not make the weather. However, such an opinion is fundamentally wrong.
Of course, if the saving action will be episodic in nature, then you will not feel a significant “profit” from these measures.
But, if you make it your habit, then very soon you will be surprised how much money you can save by denying yourself small petty excesses.
6. Lack of savings
Every financially competent person must have savings. And their purpose should not be reduced only to cover unforeseen expenses. This money should not be dead weight, their purpose is to "work" and bring passive income to their owner.
5. Illiterate asset management
There are times that a person manages to accumulate a certain amount, but it lies on the deposit with a minimum interest and in fact brings the owner a very low income. At the same time, inflation is growing, and as a result, dividends are completely depreciated.
Sometimes it happens that the asset, which was supposed to bring a stable passive income, ultimately also takes away from the owner significant funds for its maintenance.
Often, novice investors either lose everything by investing their finances in initially risky projects that promise quick and big returns, or look at different investment options for a very long time, not daring to take risks, thereby dooming their funds for depreciation.
4. Neglect of financial protection
Unfortunately, in Russia it is not so often that people insure their movable and immovable property. This is due to distrust in insurance companies, and with an average low income of citizens who do not want to steal funds from their meager budget to protect themselves from hypothetical threats.
Most often, in a difficult situation, people are forced to take out loans on unfavorable conditions, sell property or borrow from friends.
As a result, unforeseen circumstances (accident, natural disaster, serious illness, etc.) can cause irreparable damage to our material well-being, which will not only affect ourselves, but also members of our family. Indeed, none of us can be insured against force majeure.
3. Lack of planning
Experts believe that the main "bottomless barrel", unrestrainedly absorbing our financial resources - this is illiterate planning of large expenses. These include regular spending that you can plan ahead of time.
But usually we leave everything at the last moment - when you have to take out a loan to cover these needs, instead of putting off a little monthly.
Believe me, even the most primitive plan will help you develop your financial discipline and protect your wallet from unnecessary expenses.
2. Force Majeure
In addition to the planned large purchases, there are situations when the need for a large amount appears suddenly. For example, the acquisition of a new household appliance to replace a failed one, car repair (or the purchase of a new one) after an accident, etc.
For such cases, experts recommend creating a kind of reserve fund. Putting aside a certain amount after each cash receipt, you can protect yourself in case of force majeure.
1. Excessive spending
Many of our fellow citizens, "let down" a significant part of their financial resources simply because of the natural wastefulness. Of course, the broad Russian soul is alien to petty thoughts about tomorrow, but this quality can lead to enormous monetary losses.
The habit of relieving stress while shopping or the love of all kinds of unnecessary, but sweet shopping can lead you not only to pronounced shopaholism, but also to great financial difficulties.
Therefore, follow the three basic rules: do not go to the grocery store hungry, make a detailed list and, going to the store, do not step back from the shopping list, and also erase the phrase: “we live once” from your vocabulary.