Saving Money is very important for our future needs and it can
also make us more money if we exert more effort and gain financial knowledge.
Spending is easier than saving but with a little practice, discipline and
research you can be a good at both spending and saving. Here are five
basic tips on how to easily save money.
Track
Where Your Money is Going – Always track your money on where it is going.
You must know if it is going inside your pocket or outside your pocket. You
have to know what you are spending to and why? You must know how much you spend
on your expenses. You have to know if it is really worth your money or if you
are just spending too much. From there you will a basic idea on where your
money is going and you’ll control from it.
· Save First Before you Spend – Every time you receive money either from your salary or something else, you must always have to save first before spending it on anything. It doesn't matter how much you save first even its %10 or %1 of the money that you have received as long as you can start saving so that you will have a basic understanding of how saving is.
· Enjoy the Little Things – One of the most basic tips yet so effective is enjoying the little things that you have and be contented on it. Instead of eating on a very expensive restaurant for just a day try eating in your house, from there you basically saved money and time and you are also safe, especially if you’re the one cooking your own food.
· Gain Financial Literacy – always read books about financial knowledge like RichDad and Poor Dad by Robert Kiyosaki. You will really learn a lot more than saving your money from that book and always it can also change your life.
· Be Consistent – The most common errors of saving is consistency. You might have started saving a lot of money but all of a sudden you might find a tempting expensive gadget and most of the people spends all of their savings on it. You have to be consistent of saving and have a goal that no matter what temptation comes you must never touch your saving and treat your saving as dead money. Practice, Practice, Practice!!!
· Save First Before you Spend – Every time you receive money either from your salary or something else, you must always have to save first before spending it on anything. It doesn't matter how much you save first even its %10 or %1 of the money that you have received as long as you can start saving so that you will have a basic understanding of how saving is.
· Enjoy the Little Things – One of the most basic tips yet so effective is enjoying the little things that you have and be contented on it. Instead of eating on a very expensive restaurant for just a day try eating in your house, from there you basically saved money and time and you are also safe, especially if you’re the one cooking your own food.
· Gain Financial Literacy – always read books about financial knowledge like RichDad and Poor Dad by Robert Kiyosaki. You will really learn a lot more than saving your money from that book and always it can also change your life.
· Be Consistent – The most common errors of saving is consistency. You might have started saving a lot of money but all of a sudden you might find a tempting expensive gadget and most of the people spends all of their savings on it. You have to be consistent of saving and have a goal that no matter what temptation comes you must never touch your saving and treat your saving as dead money. Practice, Practice, Practice!!!
Saving might be hard
for a lot of people but it could be fun at the same time once you have mastered
it. Just follow all these simple tips to easily save money for you to have some
financial literacy. So have you tried saving today? Do you find saving money easy?
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