A way to always have money by the end of the month
Back when I made a post about how to best save/spend money I forgot to give the best advise I have.
After you’ve paid your rent and bills and possibly put a bit of money in your savings, divide the money you have left with the number of days until your next paycheck. It will tell you how much money you can use in a day and is the surest way to still have money by the end of the month.
In my case it was 1000dkk/30 days = 33dkk in a day (about 4 USD). Not a lot of money, but I didn’t spent money every day, so the next day I could spend 66dkk and so on.
As long as you never spend more than you’re “allowed”, you’ll always have extra money by the end of the month.
Of course, accident and unexpected bills happen, but that’s why it’s always a good idea to put a bit of money away every month if possible.
I have more money now (like, enough to have internet on my phone *GASP!* and eat other stuff besides oatmeal *GASPGASP!!*), but I still use this system because no matter how much money you have you’re always in danger of running out by the end of the month.