How to spend throughout the time of a crisis (2)

Spending money is an art, especially if you want to have enough budget for everything. It is challenging in the current crisis but don’t be pessimistic, there is always a solution if you plan well.
You don’t know where to start? Just follow our lead:

Look at your monthly income and the expenses  

Yes, they vary within each month, but you still have somewhere to start your calculations on how much you spend on bills, food, hobbies etc. Draw a line and see if your expenses exceed your current income.

Define what you can give up and continue without

In case your expenses exceed your income, you need to cut some things from your budget. The good news is that the spread of COVID-19, social distancing and isolation at home made it easy for you. Now you avoid spending money on visiting cafes, clubs, restaurants, malls. You even saved from fitness fees, which you’re now doing at home. You can also skip the nails treatment and hairdressing for a couple of months, who will find out, you are spending most of your time at home, right?  Without going out and missing the beauty treatments your expenses will significantly decrease.

Take advantage of postponing bills/rent/credit repayments

Among the biggest expenses, each month are the utility bills, taxes, rent and loan installments. Our government has taken measures, led by the COVID-19 situation. Check on the official websites or via phone what is the possibility to postpone some of your dues.

Talk to your landlord if you can delay/decrease/miss the rent for a month or two. Check with your banker what are the flexibilities on credit repayment, you can take advantage of during the situation with COVID-19. If any of this comes into action you have loosened the difficulty around your budget.

Save some money from your expenses for food

You spend almost all day at home and probably you are less active than usual. Now you can change some of your eating habits by eliminating sweets, cakes, soda and all the various cheese and salami you are used to. Your body will thank you for this “sacrifice” when it is summer! Keep also in mind, that you can boost your immune system naturally with more plain foods rich in vitamins like milk, white cheese, eggs, fruit and vegetables, etc.

Search for discounts 

You open your browser and discounts are everywhere. It feels like “Black Friday” in April! Even if you are in supermarkets, disguised with a face mask and protective gloves due to the measures, shopping groceries filling the fridge, you can take advantage of all discounted prices in that place.

It is not that hard! Plan stay inform and be reasonable to your health and finances.