Many labor migrants work hard but at the end of the month do not understand where their money has gone. The salary seemed decent, yet there are no savings. Most often, the reason is not the size of the income, but the lack of a plan.
Small daily expenses add up: groceries bought “little by little,” public transportation, spontaneous purchases. If you do not track your spending, it is difficult to understand how much you actually spend per month.
The first step is to track your expenses.
Write down all your expenses for at least one month. Divide them into three categories:
1. Mandatory expenses (apartment or hostel rent, food, patent payments, mobile communication).
2. Money transfers to family.
3. Personal expenses and entertainment.
When you see the numbers clearly, it becomes easier to understand where you can save.
Plan your transfers in advance.
It is better to decide on the amount you will send to your family immediately after receiving your salary and transfer it right away. If you leave it “for later,” the money may be spent on small unnecessary purchases. It is also important to consider fees and exchange rates—sometimes the difference can be significant.
Create a small emergency reserve.
Even setting aside 5–10% of your income is worthwhile. Illness, fines, or salary delays can happen unexpectedly. Having savings reduces stress.
Why is it important to send money officially?
Giving cash to acquaintances or using “grey” schemes is risky—you may lose your money. Official transfers provide transaction confirmation, protect you from fraud, and help you avoid legal problems.
Through the SalamPay mobile application, transfers are made officially and without commission. The app also includes an exchange rate chart where you can see how the rate has changed over a day, a week, a month, or six months. This helps you choose a more выгодный moment for your transfer and avoid losing money due to exchange rate differences.
Financial literacy is not about complicated rules—it is about the habit of controlling your income and expenses. When you understand where your money goes, you gain the ability to save, support your family, and feel confident about the future.
