You could definitely do with an increase in your salary.
Tough economic times have driven a lot of people to start to think of ways to get better salaries of even start side businesses.
But what happens when all you have is that salary?
You have to make it work and try to milk it all to your advantage.
Remember you have responsibilities to carter for and also, you have to save for your future as well.
So, how can you keep more of your paycheck today; considering the tough economic times today?
Take Full Advantage Of Office Benefits
A good number of offices today offer a lot of advantages so that they can easily recruit and retain talent.
Remember that gym membership that you pay for?
Well, it is time to cut that off and start working out at your office after and before hours.
That membership fee that you use at your home gym can be better used.
What about sacks, does your office provide for that? Take those advantages; you can’t afford to handle less of your paycheck any longer.
Master The Difference Between Needs And Wants
The oldest rule in the book has got to be prioritizing your needs.
But no one seems to have completely mastered that art.
For example, are all your shoes worn out now that you’re considering getting a new pair?
What about your mobile phone? Does it still do the necessary tasks (call, text, access to the internet, can take pictures)?
Before you get into the groove and get those new shoes or that phone, make sure you ‘need’ it.
No spendthrift has ever been able to keep a huge amount of their paycheck.
Cut Down Your Fixed Expenses
Your fixed expenses include rent, cable, car payments among others.
These are the kind of bills that you know you have to take care of on a monthly basis.
The fact that they’re fixed and come in monthly, it makes it much easier to budget on.
You can also cut down on them as well.
For example, you can move to a more affordable house or even subscribe to cheaper cable.
Create A Savings Goal
By creating a savings goal, you’ll have a clear idea of what you’re after.
This will enable to be disciplined on how much you should save per day/week/month.
Without a goal, you’ll only save what you can spare and not prioritize.
A savings goal will clearly show you where you’re supposed to be and where you are at every moment.
For example, if you’re saving for a car that would cost you $40,000 you can save around $3,300.3 per month for 12 months.
Keep Track Of Your Spending
Keeping more of your paycheck entails more than just saving where you can. You need to always keep track of your expenditure.
This will help you figure out where you need to cut back on and how to keep your priorities right.
There aren’t many known-to-work tips on your more of your paycheck out there.
Here are just five that are proven and can work if you implement them in your life.
It’s time you stopped spending all you make and keep some more of what you work hard for.