Saving is not a joke! It’s really true that saving is no joke. Isn’t that right, sir, and madam? But you can do it with the help of these tips!
What should we do to save a lot of money? We will give you six tips to help you save today. With the help of these tips, you can develop the habit of saving to reach your financial goals!
For most of us, life is comfortable now, but whenever an emergency occurs, we are not ready. It is true that it is not easy to save, especially if the daily income is not large. Not everyone knows how or has time to budget. Not everyone has a convenient background, either.
That’s why, to help you start saving, we have prepared tips that are easy to follow and incorporate into your everyday lifestyle.
1, 70-20-10 Rule
Until now, the 70-20-10 rule has been one of the most effective ways to save. It is important to plan where your salary will go every month. 70% of your salary is for necessities or emergencies, 20% will go into your savings, and the remaining 10% is for other expenses or for what you want.
You can also maximize your 20% and put it into investments.
2, Automatic Savings
If you don’t have confidence in yourself that you can save willingly, you can also ask for help from your work’s HR. Ask them if there is an option to automatically deduct or deduct 20% of your salary to save in your savings.
If it is not possible with HR, you can approach your bank to inquire if there is an option for an automatic savings plan.
3, 24-Hour Rule
Sometimes it’s really hard to avoid the temptation to spend for luxury. The most effective way to control this is the delayed gratification strategy. Please wait 24 hours before purchasing this item. During the waiting period, you have time to think about whether you really need or want it.
4, Spare Change Method
Your pocket or bag must be full of coins received as a change for your purchases. Instead of just letting it spread, why not try the no-fail method of having a piggy bank? You will be surprised that once your piggy bank is full of coins, you will have saved a lot of money.
5, Separate Savings Account
Other than your bank account, where you deposit spending money, it’s also a good idea to have a separate account just for your savings. This way, you are disciplined not to withdraw from the savings account. This is where you deposit 20% of your salary, which is earmarked for your savings.
6, Save Buddy
You have easy help at the same time that you are saving or investing. You can be an inspiration to each other, especially when there are many sales temptations around. It is also easy to exchange different ideas on how to save.
It is really a challenge to develop the habit of saving. Shopping is now even easier with the help of online shops. The price of goods does not decrease either, so it is easy to focus on matching the salary to the expenses. That’s why it’s important to follow these tips based on your financial status and needs. The desire to save is the starting point, and what will make you successful is your discipline!
These are just some of the savings tips to save a lot of money to get you ahead, but what else do you think we can add to it? Post comments below.
In summary, these are the 6 things you should do to save and get ahead.
- 70-20-10 Rule
- Automatic Savings
- 24-Hour Rule
- Spare Change Method
- Separate Savings Account
- Save Buddy
In our six savings tips that have been discussed, which of the six have you done now? Leave a comment below. I hope you learned something from this article. Check out our other blog posts.