It's New Year's Day, and almost everyone bets on something. However, in the vast majority of cases, they will sooner or later become oblivious. Therefore, we are not now helping with vows, but rather giving financial tips for this year. Here are the top tips for 2019.
Create your own cash flow table
You must have faced $ 10K, and at the end of the month you didn't know what you were spending your money on. There is an effective method to help you find the forints that you think are missing. The method is as follows:
Every time you spend, put the block down and collect it in a safe place in the evening or when you get home. (Ideal place for hanging on the fridge, as this is always on your mind). It's a good idea to aggregate them weekly, but definitely at the end of the month. You'll find that you can save at least $ 3,500 a day with a little bit more conscious customer behavior. The daily value of HUF 3-500 is already HUF 10-15 thousand on a monthly basis and HUF 120-180 thousand on an annual basis, which corresponds to the average Hungarian earnings (HCSO: HUF 153,500).
Since we have been using this technique, we have more than 6-8 thousand forints in our pockets a week!
Take advantage of tax breaks!
Hungary currently has high tax burdens. However, it should also be borne in mind that there are many opportunities that the state supports in some form.
Here is the family tax allowance, according to which the parents are entitled to a tax allowance of HUF 10,000 per month for children, a total of HUF 20,000 per month for 2 children, and HUF 33,000 per person for 3 or more children.
One of the new features of this year is that newlyweds receive a personal income tax deduction of HUF 10,000 per month for up to 2 years or until their children are born.
What's more, you can choose from a variety of financial savings that can benefit from up to $ 280,000 of personal income tax savings.
Government-funded savings such as the Start account (10 percent, up to a maximum of HUF 500 per month) and the housing fund (30 percent, up to a maximum of HUF 6,000 per month) were also retained for 2019.
For a family with two children, because of the family tax deduction, it is possible to manage more than 20,000 a month, or 240,000 forints a year.
Have your risk life insurance!
One of the most popular life insurance policies in 2014 was risk life insurance. Contrary to popular belief, such insurances are not only reimbursed at the time of death, but can also compensate for any loss of income through various supplementary insurances.
From 5-6 thousand HUF a month, a package can be put together for a person up to 40, which includes the surgical allowance, the daily hospital allowance and the disability. This is important so that you can safely go on sick leave and sick pay without losing your income.