Less expenses
This rule can be considered the most important rule of personal finance. You should spend less than you earn and save the difference for the future so that you can prosper as you get older and don’t have the opportunity and energy that you have today. Without observing this rule, it is simply impossible to achieve financial success without a share of luck.
The 50/20/30 rule
The point of the rule is as follows: half of the income is spent on such necessary needs as bills, debts, apartment rent, basic products, transport, etc., 20% go on savings, and 30% are left for personal expenditures as entertainment, clothes, delicacies, vacation, restaurants - everything that you don't really need, but want.
Insurance
Life and health insurance means a cash payment due to an accident, diagnosis of a critical illness, disability or death of the insured person.
Apartment insurance covers both civil liability and possible renovation. Here, by the way, we talked about this in more detail.
Do not let the insurance seller fool you. You do not need a huge life insurance policy unless you have dependents (that is, people whose well-being is directly dependent on your income). If you have dependents, it is best to get a life insurance policy that pays out enough money to take care of your dependents in case of early passing.
Photos are from open sources.
