How to keep my monthly salary

How to keep my monthly salary

Monthly Salary

All employees try to make use of their salaries throughout the month, helping to provide enough money to meet their basic requirements, buy what they want, and seek to improve their lives by buying a house, car, or whatever else they need. Ambitions and dreams that he wishes to achieve through his work, and helps to provide part of the salary to achieve many goals and security over time.

Saving

Saving is an appropriate means of saving money. It also helps to provide an appropriate amount of monthly salary . Saving is part of the financial amount of the salary, which is not consumed or spent on any type of goods. Converting it into securities such as bonds. [1] Savings are also defined as the financial value obtained after subtracting the value of gross income from the value of daily or monthly consumption expenditure. Other savings are the amount of money remaining after paying all the obligations , and the payment of the expenses incurred by the individual after receiving the salary, and does not spend this amount, but remains available throughout the month. [2]

Monthly Salary

He knows the monthly salary ( in English: Wage, Salary) as an income earned by individuals through their action. It is also defined as compensation for a person's physical or intellectual effort to achieve a goal or certain tasks required of him within a specified period of time. The salary also includes a range of additional benefits, such as financial incentives, vacations, health insurance, etc. Other monthly salary definitions include any amount of money given to the employee for his work in a company, institution or professional sector. The monthly salary does not include any self-employment from the private business, meaning that the individual is the owner of the work. [3]

How to maintain your monthly salary

Many individuals seek to maintain their monthly salaries until they are enough for the entire month to issue the next salary, so there is a set of ideas, methods and plans that help maintain the monthly salary and save part of it for emergency cases and petty expenses that were not planned in the past, The most important means that help in maintaining the monthly salary include the following:

Ways to maintain your monthly salary

It is possible to apply several methods that help maintain the monthly salary:

• Saving coins : It is one of the old and traditional methods that many people follow in maintaining their salaries; by collecting coins that increase after the daily expenses of the salary in a box, or cash money. Thus, these funds are developed over time. [4]
  

• Allocating a monthly amount of savings : one of the ways most people follow monthly, by saving money from the total monthly salary, which is kept in the house until it is needed. [4]

• The use of savings accounts : a kind of maintenance of monthly salary, which is better than the traditional methods; because the bank savings account is deposited in the funds can not be disposed directly, and helps to maintain the salary for the longest possible period of time. [4]

• The most important ways to help maintain the monthly salary. After receiving the salary, many people buy things that were not within their plans or ideas for procurement, and called the name of the fruits, which may not be a basis and constitute additional costs do not need to her. [5]

• Savings after payment of fixed costs : is to rely on the payment of all fixed costs, which include monthly bills, the cost of renting the house, repayment of loans if any, and then purchase basic needs, and retain the remaining amount of money as savings for the monthly salary. [5]

• Getting tips from others : One of the ways that you can help maintain your monthly salary. It helps to identify the experiences of others in how to provide them with monthly salaries, ideas that can be applied, and help save a sum of money from the total value in the monthly salary . [5]

Tips to maintain your monthly salary

Careful to apply a plan to maintain the monthly salary is very important, which helps each individual and family to divide the salary correctly on the days of the month, and come a set of tips that help in the implementation of this plan: [6]

• Prepare and write a sheet containing the monthly budget , which includes fixed expenses, additional and emergency, and must be supervised by a family member to ensure their implementation. It is also possible to use the computer in the preparation of this monthly plan to maintain the salary because it provides a range of programs containing On tables that help build the plan correctly.

• All expenses must be recorded during the month, regardless of their value or nature. This helps to know how the salary was distributed during the month. It also helps in comparing the various months. This leads to the success of the plan in maintaining the monthly salary.

• Work on the implementation of this plan to all family members , and this helps in the ease of managing the financial situation at home, and follow-up monthly salary from the moment of receipt until the end of the month, and contribute to the provision of money from him.

References

1- ↑ "savings" , businessdictionary.com , Retrieved 30-11-2016. Edited.
2- ↑ "Savings" , investopedia , Retrieved 30-11-2016. Edited.
3- ↑ Paul Kleinsorge and Michael Hannan (7-6-2011), "Wage and salary" , britannica , Retrieved 30-11-2016. Edited.
4- ^ A b t "How To To the Save the Money: Strategies , In Canada For the Saving" , Mymoneycoach , Retrieved 30-11-2016. Edited.
5- ^ A b v "5 Ways To Save More Money color : as Your Salary Grows" , the Business Archives Insider , 8-9-2016, Retrieved 30-11-2016. Edited.
6- ↑ Fatima Al - Ghamdi (03.01.2007), "House budget economic concept has not been applied and does not know founded by many families" , Al - Riyadh newspaper , briefed him on 30.11.2016. Acting.

By: Solafa Dahalan