Financial management: saving reasonably, without going to extremes
Global IndiaGold


Nowadays, the ability to properly manage finances is becoming increasingly important. Life on credit seems no longer appealing — today living within one’s means and creating savings are way more popular concepts.

The 10% savings rule has been widely known — experts recommend saving this share of your income to create savings.


The main thing — don’t get carried away

It often turns out that it is rather easy to follow this rule without denying oneself the usual joys of life. There is a temptation to save more than 10%, gradually increasing the limit, so the person does not even notice how he/she goes to extremes.

The idea of saving money turns into an obsession for such a person, an end in itself. The person adheres to limits in everything for the sake of this goal: he/she dresses in old clothes that no longer look presentable, buys the cheapest and lowest-quality food. The attempt to manage finances rationally develops into ordinary greed, which causes inconvenience to the proponent of austerity himself/herself and his/her loved ones.


Pauper with a full piggy bank

Imagine that the income level of such a person remains stable, perhaps it is increasing. But at the same time, the lack of money becomes even more apparent. There is a desire to buy something, but it is quickly reined in, because the task has been set: to save up, for example, 40% of the salary every month. Thus, a person, despite having enough money, lives in poverty.

It is hardly surprising that such a situation destroys one’s personality and has a detrimental effect on family relationships. Tension grows between close people, mutual grievances accumulate, quarrels break out, oftentimes leading to divorce.

The most reasonable approach

Saving 10–15% — the best option for the vast majority of people. By sticking to this rule, you will not have to change established habits and become a “pauper with a full piggy bank”.

The principle of reasonable savings will allow you to enjoy life and always have available funds.


Rational use of savings

In order for the money saved to bring maximum benefit, it should not be recklessly spent. Make a firm decision to use savings only for really important purposes. Put your money into something that will make you wiser, richer, and happier.

Successful people say that the best use of money is investing in yourself. You will not lose if you invest in your own development: attending business courses and seminars, acquiring new skills, getting additional education, buying useful books.

All this will increase your competitiveness and expand the range of available opportunities. Success accompanies the one who does not stand still, but constantly develops.

If you are ready to invest in yourself, Global IndiaGold offers you a proven tool — Success Framework Workbook.

The tool is based on the methodology that fundamentally recalibrates human mindset. You will begin to see the world in a new way — through the eyes of a person aimed at achieving success. It will become crystal clear which thoughts and actions contribute to the achievement of what you want, and which should be abandoned.


Now you know how to tune in to the frequency of success!

We wish you good luck on your path to financial victories!




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Published: 20.04.2022
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