Hi steemians, how are you?, today I bring you another post from my series 💵finanzas💵, personal finances have many things in common with the finances of companies or countries, many times we hear that people criticize the economic behavior of governments, but it is common that people do what they criticize, so today I will talk about deficit and surplus, first we know the concept of these terms and then we will relate them to personal finances.
Budget deficit
It consists of the lack of money to finalize a project, in the administration budget items are usually made, they specify the income and expenditures in a period of time, when that budget has more expenses than income is said that the game is in deficit .
Surplus
It consists of the surplus of money that remains at the end of a budget project, this happens when the income is greater than the expenditures, this is unusual in the budgets of the countries and in the daily life of the people.
Now we are going to relate these concepts to people finances, it is normal that we have a fixed monthly income or at least average, suppose you have a monthly income of $ 500, it is normal that before charging we have already budgeted where the money, whether housing, studies, food, etc., if we are sensible we never make a monthly budget where we spend more than the money we earn is more in most cases people make their budget thinking that they will save something.
In most countries basic or minimum salaries are high enough for a person to live modestly and get some surplus.
So why do the vast majority of the world's population continually have their finances people in Deficit?
This is because people behave just like governments (which many criticize) although they have a set schedule as soon as they charge money, they start making small expenses that were not budgeted, these small expenses range from a simple ice cream, to an elegant dinner, it is normal that when people leave the budget in this way say "I'm going to give a taste because I deserve it", and so begins the snowball effect in the budget, apart from the money spent spent for the month they end to use credit cards to continue "financing" those tastes, this little by little makes our deficit ever bigger and does not allow people to emerge financially.
What can people do to enter the Surplus?
Mathematically it is very easy, as I have commented in other post the formula so that our finances are abundant are simple, the difficult thing is to have the iron will to follow those formulas, suppose you earn the same $ 500, the trick in this is to move immediately money that you will not spend, pretend to have received $ 400, therefore adjust your budget to $ 400 per month and not give up before the small temptations of "I'm going to give myself a taste because I deserve it" in this way without needing Earn more you would go into Surplus which is the financial status of the rich.
I know many can say that they can not reduce expenses because the money is not enough, but if they are in another country that is not Venezuela, all minimum wages give the possibility of saving, I do not deny that sacrifices have to be made, perhaps live away from the city to pay less rent, buy seasonal food to make it cheaper, do not buy unnecessary items, I do not say that saving $ 100 per month because we stay in Surplus will lead us to become rich, only that we change our way of thinking and our finances so that no matter what we earn we will always look to spend less than what we earn.
Many people earn $ 3000 per month or more but it is also in Deficit, because they got used to the monthly budget is not to meet it if not to break it, as I earn more, I join a club with a pool that generates me monthly expense, apart I move to a more expensive house, and already the "tastes" are more expensive.
I know some people will say, but then what do I do if I can not give myself tastes, well that depends on your goals, maybe you should abstain 15 or 20 years of those little tastes to achieve your dreams, it is very important to understand that the rich stay rich not only for what they earn but for what they spend, I always listen to people say "that with so much money and pichirre (stingy or miserable)" then I understood that an important part of having money is to be very careful what what is spent
I invite you to look for the story of the singer 50cent, find as a person who earned millions of dollars went bankrupt for not taking care of their expenses.
See you later, steemians and remember HOLD !!!
Here you can see my previous post
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