Keeping an orderly budget can save you many problems and inconveniences with your personal finances. There are different saving techniques, one of them is the Harv Eker. Here we tell you how it works.
The Harv Eker method allocates fixed amounts of your salary to each concept. That is, you can distribute various predetermined amounts for essential expenses (50% of the available money), the other half is divided equally (10% for each category). In this way, you not only allocate to your savings, but also leave space for hobbies, entertainment and leisure.
Rather it is a personal finance plan, where the money is distributed. For fixed expenses such as basic services (water, electricity, food, housing, transportation, etc.), 50% of your income is allocated. In this case it is essential to eliminate ant expenses.
The remaining 50% of your income will be divided into five equal parts; 10% can go to investments; 10% goes to savings, 10% to leisure; You allocate 10% to the emergency fund and another 10% you can allocate to education and further training. On the other hand, you can set aside an amount to help others, which is a donation, as an act of solidarity to others and people around you, while you meet your own goals.
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