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How to avoid zero in your bank account?

Does it happen to you or somebody in your surroundings that you do not have any money at the end of the month? Where did the money go? What are you actually spending on? And what can you do about it?

In the beginning, you need to chart what you actually spend your money on. If you do not have it written, small expenses are often forgotten, so it is better to write them down. Or, if you like to pay in cash, I recommend collecting all the receipts for one month, even if you only put them in a table basket at home. At the end of the month, you can see what you bought and how much it cost you. If you pay by card, look closely at the account statement.

And now let's take a look at some simple tips on how to not have a zero account.

Reduce large items

Focus on the five largest household spending items that are usually:

  • food
  • household services (electricity, gas, water)
  • mortgage
  • insurance
  • rent

Each of these items can be reduced in several ways. Let's have a look, for example, at meals. The goal of reducing spending on food is certainly not a reduction in its quality or a plan that you will start fasting because you want to save money but instead maintain or even better increase your living standards. How to do it?

It does not matter whether you are shopping at a supermarket or in a small shop. It is important to know what to buy when shopping. Therefore, it is necessary to make a list of the foods you are going to buy and stick to it. You will be very surprised at how difficult it is to keep this list and not get beaten by those promotions that pull your money out of your pocket.

Second recommendation: Be disciplined and always buy only the things for which you have come.

And the third principle: Do not go shopping every day. With repeated small purchases, you spend a lot more than one big purchase a week. How is it possible? During every shopping something what you do not have on the list will end up in the cart. The less often you go to the store, the less something out of your shopping list will end up in your cart.

Similarly, you can work with every big financial item on your list.

Stock up on things

One of my simple personal rule is 1-7-2, which determines the allocation of my monthly income.

Number 1 is 10%: This is my personal reward for work that I have to perform in a particular month. For that I can buy anything that comes to my mind and makes me happy. There is no frustration that I go to work and I cannot enjoy the money.

Number 7 is 70%: This is the fixed expenses that I have to pay every month in the form of spending on housing, energy, insurance, food, clothes, and so on.

Number 2 is 20%: This is the reserve (saving, investment) that I create every month in case of unexpected events.

The most crucial advice is:

Do not spend more than you earn.

And, regarding with borrowing money, I will conclude with a comment from my long-term professional praxis:

Who cannot save, cannot pay either.


We encourage you to record new habits in your weekly and monthly Activities to help you with your finances:

  • reduce monthly regular expenses, and do not pay for the unnecessary
  • form a reserve of your income, and save a part of that or invest each month
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