The first step to a simpler and better everyday economy is planning

Are you that person who is continually running out of money?

You are not alone. Even though most of us have a job and a relatively good salary, most of us have not the best personal economy. 

There are several reasons for this;

• We are constantly exposed to advertising for things we can buy.





• We do not learn anything about personal finance in school.





• We are not brought up to think financially sustainable.





• Very few understand what interest rates are or what they mean by interest on savings or mortgages.

Finance is not tricky.

Finance is not tricky. It's just a matter of control and rules for how to manage your finances.

We will list here several points on how you can improve your finances.

1. Secure your income.
   If you are employed - join Social Security and get income insurance so you will not be without payment if you become unemployed.
   





2. Are you entitled to a housing allowance or housing supplement?
   You may be entitled to assistance with parts of your housing costs from the state in some cases. Contact https://www.ssa.gov/disability/
   





3. Sensitivity analyzes large expenses.
   Circle your significant expenses. Which of them is most sensitive to change? Find out what happens to your household finances if, for example, the interest rate goes up.
   





4. Buffer saving.
   From trivial surprises like a broken washing machine to divorce or long-term illness requires a buffer. Regardless of the type of family you belong to, a good starting point is two monthly salaries after tax.
   





5. Above all, save
   Regardless of income, put savings first - after rent and bills. Then adjust your consumption behavior accordingly.
   





6. Use simple aids.
   Open a particular savings account, use functions such as Mint to keep track of your expenses.
   





7. Review your insurance policies.
   A review of the insurance situation is a good idea. Compare prices, make sure insurance for home, house, car, accident, and death is up to date.
   





8. Save half the pay rise.
   Increase your savings by half of the next pay rise. Then you do not notice any difference, but the money grows.
   





9. Cut the counting peaks.
   Annual fees and the like tend to fall at the turn of the year. If possible, spread or move the payment intervals, or split the bills and pay monthly.
   





10. Set new goals.
    New goals become new avenues for saving—plan for what you want to do this year. The same in the future, in five years, in ten years. What expenses can you cut to realize your dream?
    





11. Sell things you no longer need.
    Whitewash your closet, give up furniture, video games, gadgets, and the like. Can save a situation and at the best turn into money quickly, in a couple of days.

Remember, finances are not always fun. But, small funds, can have significant effects on your well-being. Life is not easy, but it will be easier if you get to grips with things. Start managing your finances today. It is never too late for a change.

"The one who is in debt is a non-free person." - Göran Persson, Prime Minister of Sweden, 22 March 1996 – 6 October 2006