Today we will share our tips for managing your finances, all while drinking a glass of Rioja Cepa Lebrel Joven 2019 from the region Rioja , Spain.

1. To measure means to management

Actions

• 55% Rent + Transportation
• 10% Entertainment
• 10% Long Term Goals
• 10% Financial Freedom Investments
• 10% Personal Learning
• 5% Charity

2. Reduce expenses

Actions

• Fight the emotion - leave in the cart for 3 to 5  days
• Convert in hours whatever you are about to spend eg £10/h → £100 = £10 x 10hrs

3. Save 10% of monthly earning

Actions

7 cures for a lean purse(Clason, 2015)

1. Part of all you own is yours to keep - 1/10
2. Control expenses-budget to allow for necessities, to pay for enjoyments and gratify worthwhile desires, without spending more than 9/10
3. Make gold multiply - put each coin to work so that it may reproduce
4. Guard treasures from loss - invest were principle is safe, easily reclaimed if required and good return. Consult wise men and get advice from those with experience in handling gold.
5. Make your house a profitable investment - own your own home
6. Insure future income  - provide in advance for the needs of the family and old age
7. Increase ability to learn - cultivate power, to study, and become more skilled, respect yourself.

Reference: Clason, G. S. (2015). The richest man in Babylon : original edition.

Tool of the week 

Revolut (For people livingEuropean Economic Area (EEA), Australia, Canada, Singapore, Switzerland, Japan and the United States)

Pro: 

1. Easy to use
2. Immediate transfer
3. best currency exchange
4. investing, vaults
5. sharing expenses

Con: 

1. Not deposit cash

Link: https://www.revolut.com/