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Having trouble managing your money?

It's normal, it's far from easy!

The secret to getting there? Simplify your personal finances.

The more you simplify them, the easier they are to manage and therefore in good health.

Simplification is the key word to better manage your personal budget.

But before I begin, I have to warn you of something.

Once you start simplifying your money management, you won't be able to stop!

Yes, by simplifying the management of your money, you also simplify your life.

As a result, we save more, we spend less on a daily basis and life is getting easier little by little because the money is running out less and less.

here is 38 simple and effective tips to better manage your money and never run out of it again. Look :

1. Focus on one goal at a time

Typically, people often have more than one financial goal at the same time.

They try to pay their debts but also to put money aside, to save for retirement, to save for the education of their children, to save for a wedding ...

Suffice to say that it is impossible mission... and very discouraging!

Instead, try to put all your might on 1 goal at a time.

If the goal is to reduce your debt, then just focus on trying to reduce your debt.

If you are saving for a real estate purchase, then put all your energy into saving as much as possible for that purchase.

Simplify, focus your efforts and prioritize one goal at a time.

With this technique, you will gain self-confidence, because you will see that you are really moving towards the only goal that you have set for yourself.

Once you have achieved this 1st objective, continue your momentum and move on to the next one.

2. Keep one bank account

Do you really need 2 checking accounts, 4 savings accounts and 3 retirement savings plans?

I seriously doubt it!

No wonder many people find it difficult to keep track of their personal finances!

How do you want to navigate it easily when you have a multitude of accounts to manage ?

It's already quite complicated with one, so with several in different banks ...

The best is to have 1 single current account, 1 single savings account, and 1 single retirement savings plan and that's it!

To discover : The 5 Cheapest Banks Where You Should Already Have an Account.

3. Pool your finances with your spouse

For me, if you are married or in a civil partnership, it is essential to have only one bank account.

Having only one "financial life" is the winning solution every time.

Take the time to create a unique account with a set of financial goals.

In addition, bank charges will be halved! So when do you start?

4. Cancel all your credit cards

Yes, you read that right. I said terminate all your credit cards.

Why ? First of all, there is less risk of identity theft and scams of all kinds. But that's far from the only advantage.

You also have fewer accounts to manage at banks with questionable practices, fewer bank fees to pay and less paperwork to manage.

Not to mention the price of credit cards that are not given!

Your best bet is to have just one debit card and pay as much cash as possible.

5. Make your budget using pen and paper

It is a method that I adopted recently, and I must admit that it is super efficient.

Here is the logic behind this trick: if you can't get your budget on paper clearly, it just means that your budget is too complicated to manage.

This method will force you to establish much broader expense categories.

As a result, this will encourage you to reduce your monthly expenses, as they will appear to be more important than if you had a multitude of categories.

In addition, unlike a computer screen, hand write the detail of your budget allows you to better "integrate" it mentally and better understand it.

To discover : How To Budget Easily When You're Lazy.

6. Use the income from the previous month to establish your budget

This trick is super effective for 3 reasons.

First, it forces you to have at least a month in advance on your payments. This means that you have at least a small margin of safety.

Second, it allows you to establish a budget even when you have a source of irregular income.

And thirdly, this method is interesting because, as the previous incomes cannot by definition not change, they easily turn into a zero sum budget.

Each euro is thus allocated to a specific category at the beginning of the month.

7. Pay for your purchases in cash

Try to settle as much as possible of your expenses in cash.

For this technique to work perfectly, you have to go even further to be able to "visualize your budget". An example ?

Use paper envelopes to organize your tickets under each expense category.

It's a great way to concretely visualize the month's budget and avoid going over it.

If you look in the "entertainment" envelope and see that it's only $ 4 in it, you know you're not going to be able to take the whole family to the movies tonight.

It's that simple ! And it is very effective.

To discover : Save Money by Paying in Cash.

8. Pay all your bills on the same day

When we look at his debits, we realize that the bills are debited throughout the month.

The telephone on the 5th of the month, the Internet subscription on the 20th and so on. The concern is that this does not allow you to anticipate expenses.

So the idea of ​​this trick is to pay all your bills on the same day. When possible, choose the same debit date for all your invoices.

I also use it to pay the monthly mortgage payments. Some invoices are a little more complicated to pay in advance, but trust me, it is with great pleasure that most companies accept payment in advance.

This method drastically simplifies your daily life and saves a lot of time. And it is all the easier to implement if your budget is established from the income of the previous month (see tip 6).

9. Make a payment schedule

If you can't pay all of your bills on the same day, then make a calendar dedicated to your bills.

This lets you know exactly when you're going to have to pay the bills.

And if you're using your computer's calendar software, you can even add automatic reminders to make sure you never miss a monthly deadline.

That way, no more late payment penalties!

To discover : The Genius Trick To Make A Homemade Calendar.

10. Immediately write down each of your expenses as you make them.

It is very important to keep track of each of your expenses so that you know where your money is going. You can write them down in a small notebook that you always keep with you.

Or you can also list them in your smartphone via the Notes app. Regardless of the strategy, use the one that works best for you.

The important thing is to note the expense immediately after making a purchase. And this is true for a product as well as for a service to which you subscribe.

It may sound subtle, but there is a big difference between synchronizing your expenses with budget management software and the act of physically recording every expense.

This device has a positive effect on spending habits. Indeed, that you helps to think well before giving in to an impulse buy.

Don't worry: once put into practice, this trick will quickly become automatic.

11. Use our tips to save money easily

For example, set up a no-expense weekend or even better try to survive a month without any expense.

Also try to freeze some of your daily expenses (for example: no cinema for 1 month, no daily coffee on the terrace, etc.).

Give yourself some time to make sure that these recurring expenses are really essential to your well-being. If not, you know what you have to do.

At the same time, make a list of all the supposedly necessary things that you want to buy.

Wait 30 days before rereading your list, or at least 2 days if you can't hold it that long.

At the end of this period, only buy the things that you consider still necessary. You will see that the list will certainly have decreased!

To discover : 29 Easy Money-Saving Tips (And No, You Don't Know Them All!)

12. Always think about the overall cost of an expense.

When making big purchases, never think about the monthly cost of the expense but rather at total cost. Why ?

Because talking in terms of monthly payments is a marketing technique to make you believe that a service or a product is cheaper than it really is.

It is therefore smarter to think, negotiate and buy in terms of the total cost or from lifetime of the product in question.

This allows you to understand the total price of the product in question.

This tip also applies to contracts and various subscriptions. Always ask yourself the question: what is the total price that I will pay?

Again, this tip is going to help you make less impulse buying, not burden yourself with unnecessary things, and most of all, pay less monthly payments.

13. Automate the management of your finances as much as possible

Take advantage of online payment services and open an online bank account, for your checking account as well as your savings. It's much easier to manage than sheets of paper.

However, I don't like the idea of ​​direct debits very much. Certainly, modernizing your financial management to take advantage of one-click payment is a smart way to simplify your life.

On the other hand, concerning direct debits, this deserves reflection. It is indeed important to keep some control on each of your payments.

For my part, if I have chosen to pay most of my bills online, I first validate each payment and this each month.

Why ? Because it allows me to carefully examine each invoice and detect any errors or a change in tariff that the service provider would try to sneak up on.

The idea is to keep your payments under control, not just to simplify them.

You can also report all your expenses in a paper document or, better yet, on your computer using a template already done on Google Docs, like this one.

14. Always opt for the electronic invoice

Opt for electronic invoicing with as many services as possible. Scan and save all your important paper documents to keep them electronically.

Much easier than if you have to find information on paper.

For this, I recommend the online tool Evernote which allows you to scan everything and find your documents easily by text recognition.

Finally, do your best to reduce advertising mail. It's not only better for the environment, but it's also better for your mental health.

How to do ? It's very simple, if you receive flyers from companies, call their customer service the same day and ask them nicely for you. unsubscribe from their mailing list.

Also remember to stick a sticker "STOP LA PUB" on your mailbox.

15. Combine your mobile, box and TV package with the same supplier

It is much more economical to combine these 3 services with the same operator.

Why ? Because whether it's Free, Bouygues, SFR or Orange, they all offer discounts when you have the 3 services at home.

For example, Bouygues is currently offering a special Box + Mobile / TV offer at only € 14.99 for 12 months.

Having only one supplier also simplifies the process in the event of a breakdown or if you need to contact customer service.

You thus know the customer service number and the address to send a registered letter if necessary.

In all cases, avoid at all costs to subscribe to additional services that you do not really need.

The best is to take the bare minimum and see if you really need more afterwards.

16. Clean up your "press" subscriptions

Press subscriptions are deceitful (especially the cheapest), because they can quickly add up and represent a considerable cost.

Therefore, beware of press subscription offers that give you a few months free.

Indeed, once you are in the magazine's customer files, they will never let you go so that you subscribe at full price!

17. Avoid taking out long-term contracts

Mobile plans, gym memberships or private sales club memberships are some of the services you don't need. no need to commit to a contract.

Therefore, stop taking out new contracts and always think "without engagement".

Only choose contracts that are absolutely essential to your daily life.

For the rest, there is almost always a non-binding alternative that is just as interesting in terms of pricing.

To discover : The Standard Letter for Anticipating Termination of your Mobile Subscription.

18. Set up your own "emergency fund"

Building an emergency fund is an essential strategy because it will help you gain serenity. You will be more at peace of mind by "having insured your back".

Once this fund is established, you will wonder how you could have lived without it until then, so much that makes you serene!

In addition, for my boyfriend and I, it has totally changed the way we manage our budget.

This fund has become like additional insurance that reassures us and on which we pay a little bit of money regularly.

The idea of ​​this emergency fund is to free themselves from questions of interest rates or tax optimization, while having a back-up envelope in the event of an unforeseen event.

To discover : Take the Challenge For 2016: 52 Weeks Savings.

19. Get rid of all your debts

When I say "all your debts" I even mean your mortgage. Imagine what a life like when you don't owe anyone money? Freedom !

Today, I repaid the loan for my studies and I can't wait to finish paying my mortgage because I know that I am will feel more free.

To simplify existence, get rid of your debts, one by one, should be your primary goal.

20. Train yourself to live in "artificial scarcity"

What does it mean to live in "artificial scarcity"? It's actually a technique to help you save even more.

Imagine that you managed to save 1000 € on your livret A in a few months. Instead of telling you, "what am I going to do with my 1000 €", pretend this savings no longer existed.

Get it out of your head and try to keep saving as much as before.Why ? Because it will force you not to rest on your laurels.

Result at the end of the year, instead of having spent your livret A, you will have managed to put another 1000 € aside!

Plus, if one day you really need to save more, you'll be psychologically and logistically prepared to do so, which will make it a lot easier.

21. Simplify your investments

My theory of investing is this: if you can't explain simply and quickly to someone's interest in making this investment, it probably means you shouldn't do it!

Simple and very effective, isn't it?

You don't need to be a finance pro to know that when it comes to investing, you must always simplify them as much as possible as well as diversify them.

22. Stop gambling on the stock market

Stop trying to predict the market and gamble on the stock market.

Exceptions are rare, and you're unlikely to find the deal of the century that no one saw coming (even if your cousin has a "super tip").

Playing your money on the stock market is like a roller coaster emotionally.

However, the stress generated is the exact opposite of your simplification process. So flee the risk in the stock market!

23. Go "home-made"

Simplicity isn't just about doing things that save you time and money. It is also to act in a more ecological way.

Use as much as possible "homemade" products, cook more and learn to tinker instead of buying an item once it stops working or is damaged.

That said, it's important not to waste your time: which brings me to the next point ...

To discover : 10 Natural Recipes for Healthy and Affordable Household Products.

24. Outsource part of your tasks

It's a reality: learning to be "self-sufficient" takes a lot of time and practice.

Therefore, sometimes it is more interesting to spend your energy on things that you can add value to.

And above all, it happens that it is better to entrust certain tasks to a professional rather than to waste time trying to make them yourself.

In summary, outsourcing something to a professional is relevant when it saves you time, reduces stress, and saves energy and money.

25. Make a list of all your material possessions

Well, we're not going to lie to each other: making a list of everything we own is quite difficult.

His interest ? Starting this list will facilitate your process of simplification.

On a daily basis, this will encourage you to consume less, spend less and accumulate less material goods.

26. Then within 15 days, sell half of what is on this list

This is where things get interesting! This kind of challenge will push you to simplify your life for 3 reasons.

First, selling half of the properties on your list will save money.

In addition, you will save money (on maintenance, upkeep, the cost of renting a storage unit for all your unused items, etc.).

Finally, this tip will increase your productivity and your quality of life. Why ? Because you will be able to concentrate on the really important things in your daily life.

To discover : How to Sell on Leboncoin? Our 5 Tips To Stand Out From The Crowd.

27. For each item purchased, get rid of 2 items that you already have

To simplify your life, you will have to get rid of unnecessary items you have at home.

Indeed, once you have successfully changed your consumption habits, it is important to keep the momentum going.

Adopt this simple and effective principle + 1 = - 2

This will help you control your spending, borrow rather than buy items and most importantly, it will make you spend your money better.

Instead, you will be able to use this money to live enriching experiences, alone or with others, such as traveling with your family or parachuting!

To discover : The Infallible Tip For Sorting Out Your Clothes.

28. Use alternative means of transport

Ditch your car completely. To do this, research the different means of public transportation available in your city and region.

Take the bus, regional express trains (TER) or metro. Also, try to move closer to your workplace so that you can cycle there.

And especially, walk more often. In addition to the benefits on your health (less stress, more exercise), you will save a lot of money (car credit, repairs, vehicle registration, fuel, car insurance, etc.).

29. No more than one car per family

It's true, sometimes the car is essential, especially when you live in the countryside. Don't worry, it is still possible to make your life easier!

Indeed, more and more people choose to have only1 car for the whole family. It's also a great way to simplify your life.

Whatever you do for a job, you will have a hard time explaining to me why it is essential to have 2, or even 3, or 4 cars!

And yet, it is very common for families to have several cars. But don't forget: each additional car means just as much expenditure on fuel, insurance, repairs, cleaning ...

To discover : 20 Engineering Tips For Your Car.

30. For your next car, choose a compact car

Why ? Because small family cars are cheaper to buy and often cheaper to maintain.

But be careful, I didn't say you had to buy a new car: used cars are often much more interesting.

You can easily find recent and very reliable used models. Just take the time to do your research on the Internet.

And even better, prefer an electric car which will cost you much less in fuel and repairs! Especially since at the moment there are interesting purchasing aids for electric cars.

To discover : 4 Effective Tips For Buying A Cheaper Car.

31. Rent out your home first before you can be sure you can own a home.

Owning a house or an apartment is the number one enemy of financial simplicity.

With the crisis behind us, we know the dangers of carelessly buying property that is too large or that does not meet your real needs.

I am not at all against becoming a homeowner, but you have to be 100% sure you can assume it financially before embarking on this adventure.

Why ? Because you must be aware that becoming a homeowner will make your financial life much more complex to manage. You have been warned!

To discover : 13 things no one has ever told you about owning a home.

32. If you decide to become an owner, choose a condominium apartment

If you really want to own a home, a apartment in a condominium is one of the best options.

Of course, that doesn't mean it's less complex than buying a house. You will have just as many problems to deal with afterwards ...

But at least it will be much more economical to share the costs of the condominium with the other owners of the building, than to bear all the costs related to the maintenance of a family home.

To discover : Co-ownership: 9 Charges to be negotiated with its Syndic to save money.

33. Don't buy a home larger than what you really need

If you have the plan to buy, try to choose a house or an apartment not too big.

Indeed, most people give in to the temptation to have more space than they really need.

As a result, this subsequently leads to financing concerns because housing that is too spacious also means an increase in all costs (purchase price, mortgage, insurance, maintenance, charges, etc.).

Each additional square meter will be felt on the total bills at the end of the year.

In addition, this implies that you will have to encumber you with even more objects to fill this additional space ...

Today, there are plenty of tips to save space at home, look here to see for yourself.

To discover : 21 Great Tips To Save Space at Home.

34. Simplify your sources of income

In theory, having multiple sources of income seems like a pretty good idea.

But in practice, it can have the opposite effect and slow down your productivity for each of these activities.

For me, the ideal is to have 1 main source of income and supplement it with only 1 "secondary" source.

If you work full time, sell items on leboncoin.fr, blog, and deliver pizzas on weekends… stop right now!

Instead, choose 1 single complementary activity to concentrate more energy.

Why ? Because this strategy will simplify your life and will also increase your chances of success for this activity.

Give it a try and you will see that in the end you will make more money as well.

35. Identify what you do well and do it more often

If you are an employee, try to identify the things you do that add the most value to your employer.

Once identified, focus on them to keep doing them better and better.

It's in capitalizing on your strengths that you will increase your efficiency and job satisfaction.

If you're your own boss, the idea is to identify that little extra thing that makes what you bring to your customers unique.

Whatever added value is, this is what you need to focus on because it sets you apart from your competition.

Stop running 10 hares at once, stop trying to do everything for everyone.

Rather, do 1 great thing for 1 person.

To discover : 8 signs that prove you love your job.

36. Learn the art of negotiation

Most of the tips above are much easier to practice if you are comfortable with negotiating situations.

Yes, we all have to negotiate at one time or another and we do it more than you think.

Also, learn the basic negotiation skills can actually help you understand others better and manage their needs or requests more effectively.

To learn the negotiation techniques that you can use on a daily basis, I recommend this book.

To discover : Renewing your Mobile Phone: How to Negotiate the Best Price?

37. Sort through financial management tips

Test the different tips that we have just listed and keep only those that help you concretely to simplify your daily life.

Feel free to sort through which tips work well for you and which ones don't.

Focus on the tips that add real value to managing your budget and from there, try to create your own system.

Once you've identified a working system, ignore everything else and focus on what works for you.

To discover : 17 Quick Tips To Save A Lot Of Money.

38. Simplify other aspects of your life too

Try to eat healthier and more natural or organic foods when you can.

Focus on one hobby at a time to become a pro at what you do. Who knows, maybe one day this will become your main activity.

Keep a home and office tidy with this checklist and get rid of whatever extra you have in your home. This will help you be clear-headed and be much more productive.

You will see, simplicity is contagious: it will naturally develop in other aspects of your life. And once you have tested the simplification, believe me you will never be able to do without it again :-)

Your turn...

And you, do you know other tips to better manage your money on a daily basis? Share them with us in the comments, we can't wait to hear from you! :-)

Do you like this trick ? Share it with your friends on Facebook.

Also to discover:

44 Ideas To Help You Save Money Easily.

29 Easy Money-Saving Tips (And No, You Don't Know Them All!)