How do you accumulate capital with little income and increase your purchasing power? | Real Estate
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The inability to save is not an inevitability when income is low. Savings are a way to anticipate the unexpected or even purchase real estate. Financial fluctuations caused by inflation or volatile energy prices, everyday expenses such as shopping or rent should not be a fatality. On the contrary! We need to use these uncertainties to put off what is possible in the moment. It's better to save a small amount regularly than to not save at all.
Learn to track your expenses You already feel like you're constantly looking at your expenses. To be very attentive.
16 December 2023
16 December 2023
16 December 2023
16 December 2023
Determining the amount of savings based on salary To stay motivated or not feel pressured at the end of the month, it's best not to set an overly ambitious (but realistic) monthly contribution goal. Start with a small percentage of your paycheck. For example, if you take 5% of €1,880, you would set aside €94 per month, which would be €1,128 per year. As soon as your finances allow, slightly increase the amount available. Using this system, you will have a concrete idea of your savings.
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