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Editorial Invest in Slovakia
In a series of articles entitled "Daily habits that will save you money", we have already brought you a total of 8 tips on how to save some euros, which you can then use, for example, for investing. And since you can invest in real estate with the Investícia Slovensko platform starting from just €100, these ideas can also help you start your financial independence and become an investor with a portfolio with an interesting appreciation.
For this article, we've picked 3 more daily habits to help you save money. Let's take a look at them!
Chasing discounts often has a negative connotation in society, but for some items, it is extremely worthwhile. Of course, we are talking about more expensive items, where every one percent off the price can make savings of several tens to hundreds of euros.
Remember that saving 5% from an item that costs 5 euros is something completely different than saving 5% from an item for 1000 euros. Even the smallest discount is worth bargaining for from about 500 euros. Traders will usually agree to a discount of a few percent, which will still give them a decent profit and save you a few euros.
We consider the tracking of household income and expenditure to be completely an essential tool for managing family finances. We have included it among the daily habits because expenses need to be tracked and recorded on a daily basis, so that maintaining the family budget doesn't become an overly demanding and unpleasant task at the end of the week, or even worse, at the end of the month.
Within your budget, you should keep track of 3 types of transactions, namely revenue, expenditure and change in the value of investments. In the latter category, be sure to list all the investments you have. In addition to index funds, commingled funds, individual stocks and commodities, or cryptocurrencies, keep an eye on the development of the value of your real estate and the value of your pension savings (second pillar), investment life insurance and others.
The whole point of keeping a family budget is to set a sum of moneythat we are on a given category, such as food or drugstore, willing to spend. It helps us to see the current balance of money that we can still spend on this or that category in a given month and to keep our spending under control.
You can certainly contribute to this by shopping sensibly. When buying individual products in the supermarket, always be guided by unit price per litre, kilogram, piece and the like.
In the detergent aisle, for example, it can be quite difficult to determine the best deal if you're only looking at the overall price. However, on the price tag the price per litre of liquid detergent is also written in small print, or price for 1 wash. And it is this price that should be for you indicative when comparing products.
This advice applies to many products that are sold in different quantities or sizes. A good example is toilet paper, or even nuts.
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