How to optimize your budget during a crisis: real advice and recommendations

If you follow a few simple rules, you can start saving right away with a competent budget allocation and cacheback shopping.

The ability to save is always useful, and in crisis conditions, these tips become especially useful and useful. This article is for those who need real recommendations on how to survive the crisis here and now. If you follow a few simple rules, you will be able to start saving right away with a competent budget allocation and cacheback shopping.

Controlling revenues and expenses

Correct management of the family budget is the basis for savings. You can start a special notebook, a table on your computer or download a mobile application. Record all expenses, only so you can analyze the situation and understand how to save and on what. The main thing is to make sure that the income was always above expenses, and if possible, try to delay 10-15%, so that in the future it was possible to form a reserve fund in case of unforeseen situations.

Refuse from unnecessary purchases

Now, in quarantine conditions, people often give in to panic, buying a huge number of products, which in theory may soon rise in price. Do not forget that in a crisis, the most important thing is to preserve the family budget as much as possible. It is necessary to buy things of prime necessity, but to spend all your savings at once is a very bad idea.

Precisely plan what you really need to buy and completely abandon spontaneous purchases.

Minimum credit

If you already have debts to the bank, you should try to solve this problem as soon as possible. There is no possibility to pay the loan – ask the bank to restructure the debt. And if there are several loans, the most productive will be to repay them one by one, from less to more. So you can gradually close all the debts.

And try not to take new loans, the same applies to credit cards.

The use of cachebacks

You can return money from shopping in almost all stores, and this is a great opportunity to save. Where you can use a cashback in crisis conditions:

– foodstuffs (delivery from supermarkets and restaurants);

– pharmacies (also an opportunity to avoid queues);

– clothes and shoes (here the savings can be huge);

– goods for children (including baby formula feeds).

In fact, the cashback can be obtained from almost any purchase, and it is displayed on the map in the form of real money.

Now the whole world is facing the problem of coronavirus, but forced isolation can be easily surmounted if you properly treat the distribution of the family budget and do not give in to panic.