|
|
Recently, in another of those television show-debates, I heard that, if young people couldn't buy a house, it was because they had a beer out there and didn't save it, like their parents did.
It is the umpteenth variation of a fallacious narrative that tries to deflect blame and materializes in expressions such as: "You have to get rid of Netflix" or "avocado toast." Thus, with that savings, goodbye to the economic problems of Millennials and subsequent generations.
I'm older and I think that, in addition to being an economist, I have to be honest: all of that is nonsense . It doesn't take years of career to do the arithmetic that shows that Netflix is not what really prevents you from gathering the entrance to a house.
You might get it after half a ce Mexico Email List ntury without avocado, stranger things I've seen, but good luck getting a -year loan when you're already
The reality of savings and personal finances
In that same line of honesty, each person's personal finances are a world and it is impossible to cover all situations here. But it is important to understand that, if the income part of the equation is low, we have to act there more than in savings.
If we earn little, we have to be looking every day to change to a job that pays more, to get promoted or to find other lines of income.
Because as long as this is low, focusing on savings is like going into a ring to win a boxing match by defending and dodging only. No matter how good we are, sooner or later inflation, crises and inevitable unforeseen events will knock us out.
Of course, being aware of that, there is always room to save , but not by taking away a beer or euros of Netflix per month. And some of the best tactics for that are psychological.
People have a series of cognitive biases with money that the economy knows well and exploits , mainly, so that we spend more, without realizing it, on things we do not need.
Psychological prices, offers that are not so much, the availability in stores and supermarkets, financing that increases spending...
Since we are never going to get rid of these biases and always be objective and rational with money, what we can do is at least make them work in our favor , instead of against us.
That is what we are going to see here, with what has been shown with data in hand to save more .
We will start with the best known. In these times of clickbait , everyone is looking for the new and the shocking, but the truth is there is not much new under the sun and many of the effective savings tips in the real world tend to be boring and sensible .
Keep a budget
A budget is essential for savings
Let's take the first step on familiar ground. The old business proverb is true: You can't manage what you don't measure .
Many of those who go to personal finance advice are left livid when they review expenses, one by one, and realize that much more money than they believe is going to many things that they did not think about.
|
|
发表于 2024-2-15 14:50:45