Tips on how to save a million on everything. How to save money correctly even with modest incomes in the family
Last update:  02/18/2020
Reading time: 14 min. | Views: 37396
Hello, dear readers of the site site! Now we will analyze all the proven methods, how to save and save money correctly with a small salary.
We all strive for a good life , and each of us would like to make our life even better, but in most cases our finances, or rather, our small salary, do not allow us to do this.
Unfortunately, in our modern world, you need to learn not only how to make money, but also how to save it and distribute it correctly.
Today we will look at various tricks how to save money with a small salary, how and what to do to financial difficulties did not take you by surprise, and there were no financial problems.
To improve your financial situation (learn how to save and save money), you just need to follow the simplest rules, and then financial problems you won't! Remember: money comes to those who know how to properly handle it!
So, from this article you will learn:
- Is it necessary to save on food, electricity, etc.;
- How to save electricity;
- How to save on products;
- How to learn how to save money and save money with a small salary - proven ways;
- How to accumulate a decent amount;
- Folk tales about money.
Read more about how to save money with a small salary in the family, as well as how to save it, read further in the article.
First thing to remember: saving - this is not the worst thing in life, but on the contrary, a very important and necessary phenomenon in our modern life. Saving will help you competently, smart and right control and distribute your expenses, refuse from unhealthy foods and habits.
Very often we have, at first glance, petty, but fixed expenses that seem “trivial” to us, but in fact create good holes in our budget for us.
To learn how to save smartly and correctly It takes patience and hard work. But then you will understand what unnecessary costs are, and, perhaps, learn how to profitably invest and make money on it. If you want to know how you can make money, then our article "" will help you.
Saving does not mean at all that you have to deny yourself everything, eat bad products, and generally live badly. To save means to distribute your funds correctly in order to avoid unnecessary costs, to distribute money wisely and not to waste it on trifles. Also in this article you will learn how to accumulate cash.
You need motivation to get started, that is, the goal: why do you need to save, and most importantly, how to start doing it. Perhaps you want to buy a new car or apartment?(In a separate article, we already wrote about having a small salary). Or do you need a good renovation in the apartment?
A few steps on how to learn how to save and save money correctly
To understand how to start saving, you need to consider several stages.
Namely:
- Divide all costs into necessary and not really necessary, that is, superfluous or those that can wait;
- then we consider the resources for which you must pay, and these are: electricity, water, gas, connection, etc.;
- then you need to calculate the cost of food, and also pay attention to your diet;
- we set aside a percentage of the money saved, so that they don’t just lie there, but also work.
Even if you try to put off some 10 % (percent) of your monthly income, then in six months or a year you will have accumulated an impressive amount.
And once again we repeat the rule: you should not perceive savings as a limitation or a bad way of life. On the contrary, it will help to significantly improve your life.
Remember: you will not have to infringe on yourself, you will not go hungry, sit at home in the dark, saving light, or walk around in rags. This has nothing to do with savings!
2. Should I save on food and electricity?
Saving on food (products) does not mean sitting hungry, and saving on electricity does not mean sitting in the dark. All necessary expenses remain, and only unnecessary and superfluous ones are removed.
Food expenses- these are the costs that we can influence, because it depends on our desire and on our choice.
We need to figure out in which stores we buy products, by what criteria we choose these products and in what quantity.
Usually we have extra expenses due to wrong diet, the use of harmful convenience foods, buying off the list, unwillingness to cook food yourself.
This also applies to electricity: if everything is done correctly, there will be no financial problems.
Ways to learn how to save money on electricity
3. How to save electricity - 5 simple rules to save on electricity 💡
let's consider 5 simple rules, thanks to which you will learn how to save electricity.
Rule 1 Proper use of electrical appliances
for example, charging for a phone or tablet, plugged into the outlet for nothing, continues to waste our electricity, and we may not even pay attention to such a trifle or simply forget to remove it from the outlet. It would seem a trifle, but our electricity is being wasted.
This applies not only to mobile phones, but also to other household appliances, multicooker, microwave, TV and so on.
This is one of the first important rules how you can save energy.
Rule 2 It is important to use the correct utensils for the electric stove
More specifically, for the burner. After all, a properly sized frying pan will heat up faster, and the stove will not just heat the air. It's simple, isn't it? Probably every housewife has frying pans at home, both large and small. The main thing is to use them correctly! In this way, you can significantly save energy.
Rule 3 You need to know where to put the refrigerator correctly
Do not believe it, but the refrigerator is also a "harmful" device, and it also "eats" a lot of energy if it is not installed correctly. Remember: the refrigerator will “wind” less electricity if it is placed away from the electric stove.
Of course, not everyone has large and spacious kitchens, but perhaps you can place the refrigerator so that it is not at least on the same side as the stove and does not touch it.
Rule 4 Load the washing machine with laundry correctly
For whole 10 – 15 percent more electricity is consumed by our washing machine if it is restarted or not loaded. Did not know? So remember! It is necessary to follow the norm of the weight of the linen! You will also insure against damage to the washing machine in case of overload.
Rule 5
Many electrical appliances must be unplugged at night and even during the day when you are not using them, and even more so when you are not at home. It's not so difficult: left home - turn it off, why should they work in vain.
Only 5 These rules will help you save electricity in the apartment. Not difficult, right?
Here are some more energy saving tips:
- If you decide to buy yourself any household appliances, then pay attention to its power consumption. It is clear that household appliances that use less energy are much more expensive, but believe me: in the future, this amount will pay off through savings. And how much is the overpayment for the year!
- Very good and useful habit - turn off the light leaving the room. But, unfortunately, not everyone is given this and many people simply forget about it. In this case, you can purchase infrared sensors that allow you to save electricity without your participation and unnecessary movements.
- It is better to use energy-saving light bulbs than the usual ones. It is also worth thinking about bedside lamps, because it is more economical to use them than a three-arm chandelier.
- Use a thermos more profitable than boiling the kettle several times, because a thermos can keep warm for several hours.
If you follow this useful, and most importantly simple advice and tips, you yourself will see the changes in your receipts, and then in your wallet.
Consider in the article 10 Tips for saving money on food:
Tip 1. Experts believe that it is necessary to choose a product not by beautiful packaging, and the more expensive, the better, but you must first familiarize yourself with its composition. A high price does not guarantee high quality. We also pay attention to stock, discounts, and bonuses. Many supermarkets offer us such programs.
It is clear that at first glance it may seem that the difference in 5 rubles It's small and you won't save much. But this is an erroneous opinion of most people, because if you calculate the difference even for a month, you will be pleasantly surprised. And imagine how much savings per year?
Tip 2. We write a list of the most necessary products and we follow it. We only buy products that are on the list. This way you avoid unexpected expenses. There are also all kinds of applications for the phone, and with them you can save not only your money, but also time. All your information will be stored there, and you will not have to constantly think about these lists.
Tip 3. It is important to take as much money with you as you need., but no more. Then you will be able to avoid unnecessary expenses. Take a certain amount with you, calculate it so that you only have enough for the necessary products, and then you simply won’t have anything to buy unplanned goods. Thus, you can significantly save on products.
Tip 4. Did you know that a hungry person's brain works differently than a well-fed one? So, in order to avoid temptations, you need to go to the store full! And then you will understand that you do not need all these "sweets" at all.
Tip 5 Try not to run to the store on payday. After all, it is on this day that a person feels richer than he really is, and can spend much more money than he calculated. Hence, financial difficulties arise, there is not enough for anything, and by the end of the month you can be left without a penny of money.
Tip 6 Experts believe that pay better with cash rather than plastic cards. Undoubtedly, a plastic card is the most convenient way pay for purchases, but not the most economical, because the buyer does not feel real money and it's harder to part with them.
Tip 7. Similar products are the best way to save! Absolutely every product has a replacement much cheaper than itself. The main thing is to run around the shops, look and find this analogue. You need to learn not to succumb to the temptations of marketers, because they will always find a way to sell you something more expensive.
Tip 8 Remember! Expensive and beautifully packaged products will always catch your eye. Look better on the shelves below, “dig deeper” there, most likely you will find a similar product cheaper than what you saw, because expensive goods will always be in sight.
Tip 9. The rule of similar products also applies to other products, for example, medicines. Most drugs have analogues with the same medicinal properties, often they differ only in name and manufacturer.
Tip 10. If possible, we do not take children with us to the store! Certainly, children are happiness, and sometimes you want to pamper your baby, but children rush to everything beautiful, and these products are most often expensive. It is better to leave the child at home, and buy him, for example, a cheaper chocolate bar - everything is sweet for the child for joy, and you will avoid tantrums in the store.
We eat healthy, and most importantly not expensive!
Remember, eating healthy doesn't have to be expensive, and you don't have to go hungry to save money. On the contrary, the cost of healthy eating even decreases.
Healthy food, For example cereals, dairy products, lean meat, cheaper than fast food. Moreover, it is not known what pies and hot dogs are made of in a stall around the corner or in a nearby cafe. And here you cook with your own hands, and you know everything about your homemade food.
Here are some more tips for buying healthy foods:
- It is more profitable to buy products by weight, and not in the original packaging. Packaged cereals and pasta, as well as sugar and flour, are much more expensive than by weight.
- If you are buying products from the market, don't forget to haggle! And there is nothing to be ashamed of. It is important for sellers to sell their goods, and it is profitable for you to buy.
- It is better to come to the market in the late afternoon, at this time the sellers significantly discount the price.
- It is better to buy meat in a large piece, and at home already divide it into the parts you need. For the price, such meat comes out cheaper than if you bought it by the kilogram.
- If you have lunch at work, then take food with you. Once again, we repeat that you eat your own food, which means that automatically, you avoid food poisoning and save on it!
- Try to make a menu for the week ahead - this will help you get only the necessary products.
- The first dishes are considered healthier than the second, and even more economical and cheaper!
- Compare prices across multiple stores. Do not be lazy, each store has its own chip and its own promotions.
- It is not necessary to buy expensive meat, for example, pork, because many tasty and healthy dishes can also be prepared from chicken! Now on the Internet you can find a lot of recipes that will suit you, and you don’t have to sit and invent your own. The main thing is not to be lazy!
- Yoghurts can be replaced with kefir and fermented baked milk. Yoghurts contain all kinds of thickeners, dyes and sugars. So why not replace them with a more gentle for the body and cheap kefir?
- Pasteurized milk is much cheaper and healthier than sterilized milk. Milk in a carton lasts longer than milk in bags. And this is its only plus. So is it worth paying for it?
- Try to give up sausage, it can be replaced with meat, it is both healthier and cheaper.
- Buy fresh fruits and vegetables in season, then you can freeze them. All the nutrients in them will remain, and you will save a lot, since in the winter season they are much more expensive.
When you review your diet and follow our advice, even at the end of the month you will see the difference. It's not just about money, it's also about health. After all, all well-known nutritionists and doctors remove fatty, sweet and especially fast food from the diet.
Using these simple rules will help you significantly save on products, support your budget, as well as a healthy mind and shape!
Important tips on how to save and save money
5. How to learn how to save money and save money with a small salary 💰 — 15 useful tips
To begin with, we will look at the rules and ways to save money. And even if you have a small salary, then it's not scary!
Council number 1. Set your financial priorities
After all, you must understand that your financial budget works only exclusively for you, and only your financial well-being can depend on you.
After all, waste can be done both with benefit and without it. But how, then, to understand how our cost is useful? Let's figure it out.
Costs also depend heavily on a person's lifestyle. for example, young people often succumb to unnecessary temptation. It is understandable that there is little life experience, but this can, leads to financial mistakes. Young people who buy things for themselves often look at goods that they most likely don’t need, but friends have advised, or the advertisement is beautiful, or the fashion has gone like this ....
Spending is divided into three types- This urgent, not urgent and not at all urgent. Try to make a list of those and those costs for yourself, and perhaps you will understand what you absolutely do not need and what can be crossed off the list.
urgent expenses - it is clear, food, public utilities, maybe clothes and if there are loans.
Not urgent - this is a family vacation, for example, it can be postponed, or contributions to studies.
Well not at all urgent we all know very well - these are restaurants, entertainment, buying a new phone, if there is still an old one, buying expensive fashionable clothes, just because a new advertisement has come out. All this can be postponed for a while, and if you reconsider, you can not spend money on it at all.
It is worth paying attention to the last point in the first place. After all, it is important to prioritize your life and understand your goals in life.
If for you buying expensive clothes is a necessary part of life, rather than, for example, getting an education and investing in your studies, then it is unlikely that you save money .
And also about entertainment and visiting establishments, such as coffee, restaurants, because this is not the most important thing in life.
All financially successful people keep such records. After all, with a good example, you will see what exactly brings you holes in your budget. For example, it will be a trip to a cafe, monthly such visits eat up a large amount of money, and you will understand for yourself that this can be removed.
After all, when you see all the exact numbers of your budget, and not like that, the way of remembering, you will be surprised how much you used to spend without thinking.
As the very famous speaker Anthony Robbins said: What cannot be measured cannot be managed ". Remember this rule, and it will help you achieve your personal material success.
If you still have additional income, then you need to keep records of them. After all, if your ways additional income several, then accounting will help you figure out which source of income is more profitable and which one needs more emphasis.
In general, now is the 21st century, and information Technology developed various programs and applications, to maintain financial accounting, which means that you do not have to draw any tables by hand.
You just need to try several programs, and choose the one that will be closer to you in spirit, who will have a more convenient interface. Again, visibility is financial literacy. Visibility will help you identify and direct your expenses and income in the right direction.
Experts have shown that up to 95 percent Russians spend way more of their money on payday. And these percentages do not refer to the level of income.
If you can improve your financial literacy, it will help you change your life in a simply radical way. And you will feel it.
To learn how to save money and save it, you need to give up loans.
In conclusion of this chapter, we will give you an example of how to correctly draw up a table of expenses.
6. How to save money in the family - a table of 3 types of expenses 📊
With this spreadsheet, you can keep track of and control your budget, as well as cross out unnecessary expenses. It will help you determine how to save money and how to save it correctly.
Table of three types of expenses:
№ | Necessary and urgent expenses. | Not very urgent, secondary costs. | Not very urgent, or just MONEY EATERS. |
1 | Food | Getting an education | Cafes, clubs, restaurants |
2 | Utilities (electricity, gas, water) | Buying furniture | Fast food, expensive sweets, soda |
3 | Fare, petrol | Purchases of digital and home appliances | gambling |
4 | Mobile communications, internet | expensive fashion items | Bad habits - fast food, alcohol, cigarettes |
5 | clothing | Hobby | Unnecessary connected services on the phone |
As can be seen from the table, special attention should be paid to the last column. After all, even if one item is deleted from here, you can see the result, on the saved funds.
7. How to save money the right way 📝 — 4 ways to save money fast
Of course, saving money is not so easy and simple. This has to be learned and requires a little effort and patience. But even the most disciplined, calculating and responsible a person is at risk of making a mistake.
let's consider the most common mistakes among people, and also study adviсe and expert rules to correct these errors.
If you have already begun to accumulate funds, then this is already good. But how to save money correctly and have you chosen the right way? And will you fall apart in half a year? Perhaps your strategy is not as perfect as you think.
Method number 1. What remains, we put aside!
So, you pay all your necessary bills, utilities, buy groceries, and send everything that remains to the bank. But notice you don't have a goal, and you don't even know what specific amount you have left. after all costs and throw in only the leftovers.
Try changing your methodology. When they got paid the very first account, you must have a savings account. Make it your golden rule.
Calculate how much you can give to the bank in a month, and do this first thing. And if you can’t do it, well, anything can happen, for example, there is no time, or there are some temptations to spend your money as soon as possible, then activate the service in the bank, by automatic withdrawal of money from your card of a certain amount to your savings account.
In this way, you can save money and save time. And you will forget about these chores. And then your savings account will pleasantly surprise you.
Method number 2. Where is the money kept?
As we have already learned that a savings account is wonderful. But it is important to know where exactly your funds are stored in a bank or on a plastic card?
After all, if the money is on the card, then there is a great temptation to spend all the accumulated funds. And to do this is quite convenient and easy, just use an ATM on the street. And even if this purchase was desired, then most likely you will regret what you have done.
Method number 3. Each account for a specific purpose
If you have only one savings account, then it will most likely seem to you that everything is fine and the money is accumulating quickly enough and there will be enough for all your desires. Certainly. if you are saving for only one goal, for example, car or apartment, then everything is fine, this method is just for you.
But if you have several desires, then one savings account will not be enough, because you will not see concrete progress, and this complicates the calculation of your savings. It will be very difficult for you to calculate what you are already accumulated and what else can wait.
To avoid such problems and difficulties, you need to acquire several savings accounts. And let everyone the savings account will be dedicated to a specific purpose, For example, " by car», « for an apartment», « for education», « to the dacha" etc. Rather, it is the right way to save money in this way, since each “account” has its own “purpose”.
Method number 4. Don't give up everything
It’s not worth it too much, too obsessed with postpone, postpone, postpone. There is no need to specifically give up things that bring you pleasure, because it is on such things that our “ lucky indicator" and good mood.
Of course, as we have already said, many habits and entertainments should be abandoned, but this does not mean that you need to become a hypocrite, sit starving, not go anywhere, and even sit in the dark.
When your annual savings account ends, you should think about more serious investments and for the long term. After all, you yourself will feel the difference and want to improve your financial situation.
Tips on how to save a decent amount of money
To conclude our article, let's take a look at 15 tips how you can save money and quickly accumulate it. Some of the tips may be repeated, but you should necessarily remember.
Of course, there is no specific set of rules and tips on how to save money correctly, but then we will consider the advice of experts who offer to use it to simplify saving and accumulating money.
So, tips on how to create savings to accumulate a decent amount:
Council number 1. Paying for purchases in cash
Try to pay for all your purchases and expenses in cash only. So you will clearly feel the difference, and say goodbye to the money that you hold in your hands, and this is more noticeable than spending invisible money stored on a plastic card.
By the way, if you buy goods through cashback services , then you can save from 1-1.5% of the purchase price. About that, we already wrote in one of our articles.
Council number 2. Deposit money into your account
Each month you put a certain amount of money into your savings account. At the end of a certain period, a pretty tidy sum will accumulate, which can be spent on a long-awaited purchase or invested in a profitable business. And as mentioned earlier, get a goal for what the funds you have accumulated will be spent.
Try to keep entertainment costs to a minimum. Better spend time with your family, go in for sports. After all, there are many useful ways to replace unnecessary expenses for entertainment in cafes and restaurants, in the end, experiment new inexpensive recipes at home. And you have good skills, and your husband and children will be happy!
Council number 4. Don't fall for promotional offers
Everything that comes into your mailbox, various catalogs and advertisements, is just trying to seduce you. But do not give in, feel free to throw everything in the trash, but rather unsubscribe from these useless mailings that clog your mailbox.
If you have such a bad habit of buying everything, or just to buy something, then make a list of everything that you want to buy. And look through it monthly, you will see if you still need this thing, or was it just an unnecessary temptation?
If you decide that you really need this product, then buy it. But most likely your opinion will change in a month.
Try to cook at home, do not snack in restaurants. This will cost you a pretty penny. You don’t have time at work for lunch at home, and you rush to a nearby cafe for a quick bite to eat? Think!
Prepare your own dinner from the evening at home, there are special food containers that can be heated in the microwave. This will allow you to save on restaurants, and you also agree that you know your homemade food. It's also healthier.
Try to put your money into envelopes: “for a communal apartment”, “for a loan”, “for groceries”, “for a phone”, and so on. And your expenses will always be planned.
Tip #8. Discuss upcoming expenses with family
Discuss material matters with your spouse each week. You need to make sure you are aware of each other's spending. And unity, let it be to success!
Distribute all expenses according to the table, see an example of such a table above. Or download the application to your mobile phone, which is much more convenient! And always with you!
Tip number 10. Pay the necessary bills first
First we pay all the necessary bills, then we look at the need for other expenses.
Tip #11. Replace paid hobbies, hobbies, etc. for free
If you go to the gym or go in for fitness, then this hobby can be replaced with exercises and running outside in the park. Useful and free!
Tip #12. Give handmade gifts
You can also save on gifts. After all, the best gift is a handmade gift! There are a lot of ideas on the internet these days.
Tip #13. Buy analogues of branded clothes
Remember, money doesn't buy happiness. And including, not in fashionable, branded expensive clothes. There are many similar things, but much cheaper than "branded". In addition, fashion comes and goes, and then things remain unnecessary.
Tip #14. Use exchange services
Try bartering. That is, to exchange services and things. It is much more profitable, and will save good money!
Tip #15. Use e-wallets
Try to save money on virtual wallets such as qiwi, Yandex money, webmoney. It will take time to withdraw money from there, so you will insure yourself against unforeseen and unplanned purchases.
In addition, you can earn a pretty penny on the Internet, money is also withdrawn to these electronic wallets.
9. Superstitions and signs to attract money ☯
Folk omens about money:
- Never lend on Monday, otherwise you risk losing all your money!
- Never betray money from hand to hand, it is better to put it on the table, and then take it. And then the negative energy of a person through money can pass to you.
- If you borrow another person in the evening, then just put the bills on the floor, and let him pick them up. Better remember that it is better not to lend in the evening.
- It is necessary to repay the debt only in the morning and in small money.
- When a debt is paid to you, keep a fig in the pocket on your left hand.
- Keep your money in your wallet carefully, in expanded form and so that they are distributed into different bills.
- Keep paper bills facing you.
- So that money does not disappear, put a piece of a tree from a swallow's nest in your wallet.
- If you have made a good profit, then take one bill from there and keep it in your wallet, do not spend or change it.
- If you decide to give someone a wallet, then put one money there so that the wallet is not empty.
- To make money in the house, put a coin in each corner, and say: "Let him come to my house."
- Keep money in red envelopes or bags.
- Get yourself a money tree and take good care of it.
- Money loves to be counted. Always count your change.
- Never spend every penny, make sure that there is always money in your wallet.
- If you have a newborn in your house, put money under his pillow.
- Count your money on a clean Thursday.
- Try to cut your nails on Tuesday or Friday.
- Never discuss the material income of other people, otherwise there will be none of your own.
- Do not hate the rich and the poor, otherwise you yourself threaten to remain in short supply.
- If you see that a cat or a cat is stretching, then this is for profit.
- If you saw an angry or hissing cat in a dream, then this is a theft. Be careful!
- Be sure to get yourself a dog or a cat at home, otherwise there will be no prosperity in the house!
- There is such a sign that a black cat or dog will protect the house from thieves.
To not need anything in the new year:
- Celebrate the new year in new socks and underwear. And don't forget to give yourself a new hairstyle.
- Try at table seven various dishes and put seven coins under the chair.
- It is necessary to repay the debt before the New Year, you can even at the festive table.
- When the first strike of the chimes occurs, make a wish by squeezing a coin in your left hand.
- Throw a coin into a glass of champagne and drink it. And then make a hole in this coin and wear it as a pendant.
- On the morning of January 1, wash your face with water and coins.
Superstitions that should never be done:
- Put empty bottles on the table.
- Sit down on the table.
- Put bills on the table.
- Sweep trash at sunset.
- Stand on the threshold.
- Whistle while at home.
- Change big money into small ones.
Well, believe it or not, but many people observe and follow all these signs. Signs after all went from our ancestors. Most importantly, we can conclude that money must be treated carefully, carefully, don't crush them, don't wag. Do not spend all the money, the wallet should not be empty.
10. Conclusion + video 🎥
From this article, we can conclude that saving and saving money is not so difficult, because in order to improve your financial position You don't have to do any grandiose feats. You just need to reconsider a little your attitude to finances, and to your life in general.
And remember one main thing, there should not be a crazy amount of money, in order to feel in a good financial position, there should simply be enough money.
Good and stable financial situation- these are not millions of dollars at all, every person and every family can have a good financial situation, even with the smallest salary. The main thing is to manage your finances correctly. When you yourself understand your income and expenses, then you yourself will understand everything.
By a good example, you will see how much you spend per month, what is superfluous in your life and what you need to give up. It's not all that difficult, the main thing is to manage your life correctly, not to get loans, and if this has already happened, then get rid of them as soon as possible. Then not only your financial situation will change, but a healthy spirit will also wake up, you will be in a great mood every day, as you will forget at least half of your financial problems.
Let's hope that all these tips will be remembered for you, and most importantly, useful. After all, as you already understood, saving- this is not the worst thing, but rather the opposite, useful, which will make your financial and personal life easier and better!
We hope that this article has helped you find answers to your questions - how to learn how to save money with a small salary and at the same time accumulate it. We wish you successful savings, and good luck in all matters!
Hello, friends!
Until now, we have an opinion that an economical person is a greedy, always angry and dissatisfied with life miser. Then let's get acquainted. I am not only an economist, but also an economical person since childhood. But not at all greedy, sociable and happy. And if you at least once asked yourself the question of how to save money, then welcome to my article.
Do you know whose words these are? Cat Matroskin from the cartoon about Prostokvashino. Let my article begin with his statement. I like it and captures the very essence of the thought that I want to bring to you.
The rich are not the one who earns, but the one who does not spend. You can live comfortably on any income. Do not borrow, save money and spend it on things that are valuable in your family. Close the article if you have cool parties, collections of clothes from world brands and phones of the latest model on credit in the first place. You and I are not on the same path.
But I will be glad if the article is read by those who have firmly decided to take the path of reasonable savings in order to fulfill their dreams - education, their own house or apartment, travel or a small cottage. I will try to reach out to people who believe that it is impossible to save money with a small salary. It's real, you just have to learn. This is what we will do now.
Accounting, planning and control
Beware also of small wastes, for a small leak can sink a large ship.
Benjamin Franklin
How to start saving and why do it?
Saving only for the sake of the process itself will not give anything. Without motivation, without purpose, there is no result. You will start dozens of times and quit dozens of times. So first decide what you want to save for. Maybe save up for a vacation, a new phone, a car, an apartment, the education of children. For example, a student, a pensioner and other low-income people - in order to live with dignity on a small income.
Choose a goal that will motivate you. This is exactly the answer to the first part of the question: “How to start saving?”
So the goal is set. Now it's time to start keeping track of your monthly expenses. We talked about this in detail in the article about. You must keep a strict record of all your expenses every day, down to the box of matches. What for? To understand where the money goes, of course.
Summarize at the end of the month. Break down all expenses into mandatory and optional. Table example.
The next stage is the analysis of the obtained results. What can you save on next month? We start planning. Pay attention to the line in blue called “Accumulations”. This is a very important expense item. It is mandatory and planned first.
You save, among other things, in order to set aside part of the income to achieve your goal. We talked about how best to save money, what methods are most popular among families with low incomes in an article about.
The last step is control. It is great if you are able to control the entire process from start to finish. If not, don't despair. Find a more resilient and disciplined family member who will take on this important mission. With such a serious approach, you will definitely achieve results in the first month. Imagine what will happen in a year!
In this section of the article, I will give general advice on how to save money and how to do it. Now you yourself will make a list of ways to save money that are right for your family. After all, it can be completely based on the analysis of expenses that you have done before. So, some obvious things that psychologists advise us:
- Never go shopping on an empty stomach.
I noticed on myself that the smells of freshly baked bread, the aromas of spices act in a special way when you are hungry. It is very difficult to resist and not buy a delicious bun. And this despite the fact that I try to eat less bread. And there is no need to prove that the check in the supermarket will increase significantly if you are hungry.
- After receiving the salary - immediately home.
Psychologists say that after receiving money, there is a false sense of wealth, when you can afford more than usual. I advise you not to go shopping on this day, but to calmly plan expenses at home. This can be done in a special application on a smartphone, at your computer or in a notepad for maintaining family budget. When everything is laid out on the shelves, a cold mind turns on, not a hot head.
- Don't make random purchases.
How often do we follow a promotion that takes place in the next store? We didn't even want to go in. And three jeans for the price of two, we certainly don’t need anything. A work colleague showed off a new phone today, and you looked at your gadget with sadness? In such cases, you should always remember the goal that you set yourself at the beginning of the journey. Are new jeans really worth not achieving your dreams? I do not believe.
Give yourself a few days to think. Imagine what you will do with new purchases. Do you really need them? Is it possible to do without them, but get closer to the cherished goal?
It works almost automatically for me. Even while I am writing this article, I have already told myself several times that I do not need a new dress, and the bag is still quite okay. And all because I have a goal - a trip to Greece in the summer. And no outfits will empty my card.
- Don't borrow.
The habit of living in debt, unfortunately, in recent times actively supported by banks and various microloan organizations. And this is not because people began to live worse and cannot hold out until the salary. It's about a person's love for freebies and other people's money. Banks are taking advantage of this.
Do you want to buy on credit? Do some simple things first. Take a piece of paper, a pen and a calculator. Calculate how much money you will return with interest, and your overpayment. I assure you, the desire to use other people's funds can disappear for a long time. If not, then tempting offers from banks are waiting for you.
There are critical situations when the money is needed urgently, but the salary is far away. For example, an illness or breakdown of equipment, which is difficult to do without. In such cases, have credit cards with a large grace period repayment or installment cards. Just don't make them a permanent means of payment for purchases.
- Don't lend.
Yes, like this. People who borrow money “until payday” every time are disorganized, irresponsible and non-punctual payers. I think that I will find many objections on this issue, but I will not enter into polemics. Everyone decides this question for himself. I made it for myself 18 years ago.
- Give up bad habits.
Calculate how much money you spend on cigarettes or liquor per month instead of per year. Impressive? Now think about what you have lost by spending this amount on your weaknesses. I'm not talking about the harm that you cause to your health and the health of your loved ones.
I know one girl who started saving and saving just after she calculated how much money a year she spends on a daily cup of aromatic cappuccino in a coffee shop.
This list could go on and on, but I think the idea is clear. The main thing is to start, and then it will become part of your life. And believe me, not unhappy at all. If you want to become an advanced economist, then read on about how to save on food. Don't worry, diet is not my area of expertise. Let's talk about something else.
How can you save on food?
To begin with, it is necessary to save on food, but not on your health. Therefore, here we will not talk about how to live on bread and water and not die. You will be surprised how easy it is to cut down on food expenses if you follow these tips. I will give some examples.
Plan your menu ahead of time
For example, I want to cook borscht. For him, I need meat, vegetables, spices, sour cream. My family consists of 4 people, and I cook a dish for 2 times. Based on this, I can easily make a list of everything you need. The same goes for other meals for the week.
There is one inviolable rule in our family - to the supermarket only with a list. And it is better to make it in advance. If you keep groceries in your head or make a list the day before going to the store, then you are sure to forget something. There is no list - there are extra purchases. This method of saving on products is tested on itself.
Don't fall for marketing tricks
The menu is family approved. The list has been written. With peace of mind you go to the store. And only at the checkout you find that the amount in the check still exceeds expectations. Did you buy too much? This is the result of the work of marketers. Nicolas Corot (Marketing Guild Council Member) argues that in fact our choice has already been made. In 82% of cases, what our eyes stop at by the end of the 6th second is sent to the cashier and paid.
Soothing music in the store, multi-colored price tags with the words “discount” or “promotion”, aromas of spices that tickle the nose, a special arrangement of products on the shelves. All this is part of a single system to push us to buy and buy, including what is not needed.
Enticing labels: organic, organic, no cholesterol, no GMOs - nothing more than a gimmick. Please note that there is no and cannot be cholesterol in vegetable oil, salt, sugar.
My almost 20 years of married life allows me to give one more piece of advice. It won't work for everyone, but it's worth a try. Any marketer is powerless in front of a man with a list. So send your husband or son to the supermarket. Men do not really like to go shopping and, once there, they try to finish the job as soon as possible. They type according to the list and leave, almost without being distracted by the bait placed by the advertisers.
Store food properly
In no case do I urge you to buy cereals in bags, matches in packages, and salt in packs. But there are several simple rules, which will help stock up on products in large quantities and keep them fresh for a long time:
- Don't be afraid to freeze, just do it right. Products must be well dried. Scientists have proven that frozen vegetables and fruits are in no way inferior to fresh ones. Meat, fish, some ready-made dishes (stuffed cabbage rolls, dumplings) are also perfectly stored.
Divide the food into portions so that you do not have to break off pieces later or defrost the entire package.
- You can also extend the shelf life of fresh herbs. Wrap it in foil. Due to the fact that the foil prevents the ingress of sunlight, the evaporation of moisture inside the product, the greenery does not fade and does not lose color.
- Arrange food in the refrigerator correctly. This helps prolong her life. According to the laws of physics, warm air rises. In this regard, the temperature on the upper shelves of the refrigerator is several degrees higher than on the lower ones. So keep it there finished products, sausages. Dairy products are on the middle shelves. Perishable products - on the bottom.
cook at home
If you are not a top manager for whom time is money, then cooking at home will help you save money. Frequent visits to cafes and restaurants can have a detrimental effect not only on health and figure, but also on our wallet. At home, we can reduce the amount of salt, sugar, fat.
Change your diet
There is a stereotype that healthy eating is expensive. I will prove otherwise. The body needs protein. There is a lot of it in meat, but it is expensive. But the same protein is found in chicken or turkey, which are cheaper. It is not necessary to buy exotic products. Vitamins and trace elements are enough in our cabbage, carrots, beets, pumpkins, potatoes, cucumbers and tomatoes.
Elite varieties of fish are no healthier than cheaper cod or pangasius. But you should not replace ordinary meat with sausages and sausages. It is processed meat that scientists have recognized as a carcinogen.
If you follow these tips, the result will affect your wallet, and your health will improve. Agree that for this it is worth trying to save on food.
If you have a desire to normalize your weight and at the same time save a lot, then read the next section. It will not be about diets, but about psychology.
5 ways to eat less
Let's talk about science. I promise it won't be boring. After all we are talking about food psychology. The human body needs only 2,000 kcal per day. How about eating less? Scientists in the course of research have identified several subconscious mechanisms that control our appetite:
1. The size of the dishes.
Psychologists advise: "Choose the right dishes." Don't take large plates. The habit of eating to the end can play a cruel joke. If you fill a small plate with food, then subconsciously you will not feel deprived and will eat everything with pleasure. A different picture, if you put quite a bit on a large plate. In this case, there is an unsettling feeling of dissatisfaction.
2. The color of the dishes.
Color also plays an important role. Try to avoid matching the color of food and plate. They merge with each other and it seems that you put a little and start reporting more and more.
3. Inconvenient dishes.
Arm yourself with chopsticks. The thing is that most people are uncomfortable eating with chopsticks, which are so cleverly used by residents of Asian countries. This is the psychological trick. You subconsciously try to eat less so as not to feel awkward at the table.
Therefore, feel free to start eating with chopsticks until you bring this method to perfection. That's when it's better to refuse it. It will stop working.
4. Free hands.
We often eat on autopilot. The hand itself reaches for the next portion. To turn off this mode, psychologists advise, after each piece of food that you send to your mouth, put a fork or spoon on the table. Then you start thinking about what and how you eat. And this, in turn, increases control over the process.
5. Noise and chaos.
Scientists conducted a study and found that in conditions of noise (TV, radio, household appliances), a person eats more. Loud noises prevent you from enjoying your food. We simply do not notice what we take into our mouths and how much. Therefore, less noise.
Here is another scientific observation. People who ate in an untidy kitchen with a constantly ringing phone ate more. On a subconscious level, they felt that everything was out of control, including the process of eating. So less chaos.
That's all the tricks. Let's try to fool ourselves, and at the same time save a decent amount on food.
Conclusion
If you are interested in saving money, then you have already read a lot of articles on this topic. Me too. I did this in order to try to write something new. There is no point in duplicating information, for example, on reducing utility bills. All methods have been described for a long time and they really work. Take and implement.
In my article, no less effective methods based on my own experience. Listen to a 20-year-old economist and a 35-year-old economy man. I would be glad if they help you, as they have been helping me and my family for many years. Good luck!
If you are sure that planning a budget and saving money is very difficult, then think again. Now there are many ways to save a dollar or two. You can easily save even hundreds if not thousands of dollars every year. To do this, you just need to use simple ways below.
1. Get a piggy bank
Cleaning your pockets of change every day is good way to save money. It may seem childish to you, but over time you will be able to save up a really decent amount.
2. Use coupons
This is a good way to save money on household items and groceries. You can cut them out of your Sunday newspaper or go to a special website and print the coupon you need from there.
3. Drive to work with a friend
Car sharing saves a lot of money on gas. Plus, you do less damage to the environment.
4. Eat Several Vegetarian Meals Every Week
Chicken and ground beef are quite expensive. Try making meatless spaghetti or veggie lasagna and save a few bucks this way.
5. Call your insurance agent
It will take you just a few minutes. When you do this, you can ask the agent about current offers. Many of them have discounts, but you won't be able to use them if you never know about it.
6. Turn off the lights
Recently, people have begun to understand the need to save electricity. But it's always good to remember to turn off the lights in the kitchen if you're in the bedroom, and vice versa.
7. Visit thrift stores
This is a great place to shop for clothes, household items and even furniture. You will be surprised at the high quality of the items people donate.
8. Learn how to polish furniture
If you know how to do this, you can give a second life to your old furniture. In this case, you do not have to buy new furniture or pay for the services of a designer.
9. Buy designer clothes on Ebay
If you love designer clothes but want to save money, you can look it up on Ebay. There are a lot of auctions going on every day, so you can get some really good stuff at reasonable prices.
10. Find a roommate
It doesn't matter how old you are. A roommate can help you save a significant amount on rent. If you're worried about shared space, make sure your new roommate is a mature person who will respect your privacy.
11. Take up gardening
By growing your own vegetables, you will spend less money for products.
12. Avoid going to cafes and restaurants to eat
Of course, you will not be able to completely abandon such a pastime. But don't forget that home-cooked food can save you a lot of money in the long run.
13. Buy a used car
Buying a car that was released a year or two ago is much better financial solution than if you were investing in a new car.
14. Grow your own greens for cooking
Small beds of herbs are easy to grow. You can even keep them inside the house or on the windowsill. Not only will this help you save a few dollars over the course of the year, but you will also find that these greens taste much better.
15. Buy handmade gifts from Etsy.com
This is a great online marketplace that offers the work of many artists. You can find exclusive jewelry and accessories at affordable prices.
16. Give up alcohol
A bottle of wine can be a very pleasant end to a long day at work, but alcohol is quite expensive. By giving it up, some people could save thousands of dollars a year.
17. Sign up for bonus cards for gasoline
Many grocery stores partner with gas stations. Gas stations may offer you a gas discount for every hundred dollars spent at the store. Explore all the shops in your area so you don't miss out on this great opportunity.
18. Try not to spend anything throughout the day.
You may be surprised how hard it is to spend all day and not spend any money. Try it and you will see if you are good at it.
19. Go back to your natural hair color
If you spend a significant amount on hair coloring, try to go back to your natural color. This will help you save a significant amount.
20. Use Groupon or Similar Sites
This and similar sites are a great way to save money by finding restaurant coupons or free movie tickets.
21. Order water at a restaurant
Some restaurants charge exorbitant amounts for Coke, not to mention cocktails. If you start ordering ordinary water, and this becomes a habit, you can save significantly throughout the year.
22. Learn to sew curtains
If you learn how to do this, you can save hundreds of dollars on furnishing your home.
23. Buy in bulk
Buying things you use all the time in bulk instead of retail will save you a lot of money in the long run.
24. Print photos yourself
Instead of wasting money on gas and commuting to a print shop and then paying for printing as well, do it at home using ink cartridges. They are quite expensive, but you can get a lot of benefit from them.
25. Visit the library
Why buy books when you can borrow them for free from your nearest library.
26. Use all the milk
There is nothing worse than translating products, especially milk. Make sure you buy exactly what you need this week.
27. Use general prescriptions
Now you can find many recipes that are available in general form. You can use them, just check with your doctor first.
28. Use eBooks
You don't have to have a gadget to benefit from it. You can just download special program to your computer for free and read books with it. It's much cheaper than buying paper books and you can read whatever you want, no matter where you are.
29. Use first class tickets if you have a lot of luggage
Paying for a lot of baggage these days can cost even more than first class tickets. But if you are flying first class, you can carry some of your luggage for free. It is often much cheaper.
30. Repair things instead of buying new ones
Very often, replacing a broken part is much cheaper than buying a new one. For example, buying a new watch battery is much cheaper than buying a new watch.
31. Buy a water filter
Filtering water is much more efficient, not only in terms of economy. So you get environmentally friendly water. The same cannot be said for water bottles.
32. Get a flu shot
The disease can significantly empty your wallet, so it's much better to take care of it in advance. In addition, it will save your work from emergency work due to too long sick leave.
33. Train your dog
Training your pet is a fairly simple matter that will not take you too much time. But a trained dog won't ruin your furniture, shoes, or floor, so you'll save money.
A good, high-quality pair of shoes can last you 10 years, while a cheap pair will wear out very quickly and you will have to buy another one.
35. Learn to say "no"
Saying “no” to yourself regularly is a good way to save money. Stopping buying a few candy bars every time you go to the supermarket checkout can save you a few dollars a day and a few hundred a year.
36. Air dry your laundry
If you use clotheslines instead of an electric dryer, you can save on electricity.
37. Protect your property
It is very easy and inexpensive to buy a surge protector or a bike lock. But in the long run, it will help you save your belongings from thieves.
38. Use data plans for your phone
This is much cheaper than using contracted communication services.
39. Don't Buy New Appliances
Many refurbished appliances have the same warranty as new ones, but they cost much less.
40. Learn how to hem pants
This does not require a sewing machine. You can actually do it by hand and save money that you would have spent on a tailor.
41. Deliver letters yourself
If you know you'll see your mom or a friend, give them a congratulatory letter in person and don't pay for postage.
42. Exchange things
Children love to do this, so learn from them. You can trade clothes and accessories you no longer need with your friends.
43. Make pizza at home
For the money you pay for pizza delivery, you can buy ingredients for several and make your own.
44. Use credit cards that offer a rewards program
You will be refunded a percentage of the purchase in cash.
45. Buy neutral clothes
If you have black, white or gray items in your wardrobe, you can easily combine them with any outfit. To stand out, you can use colorful accessories that cost a lot less than a bunch of colorful clothes.
46. Exercise Regularly
This will help you stay healthy and save money on doctor visits.
47. Organize a picnic
Or take a walk along the beach. You can find dozens more entertainment in your city that won't cost you a dime.
48. Buy permanent stamps
This means that you will be able to use them at no additional cost when the price goes up.
49. Sign up for an airline rewards program
If you use enough miles, your next flight may be completely free for you.
50. Read personal financial management blogs
You will be able to find many famous bloggers who share their thoughts with others and also give money saving tips.
Money is an essential thing in life. Few people have enough of them, but even small amounts you need to be able to manage. Therefore, it is very important to learn how to save money.
In this article, we will tell you how you can save money and how to spend it wisely. You will also learn how you can save on transport and appearance.
How to learn to save money?
How to save money on transport?
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How to save on appearance?
Oddly enough, saving on appearance is quite realistic without prejudice to the latter. To do this, you need to use the following methods.A substantial amount is regularly spent on cutting hair. Save money and ask your friends for the number of a hairdresser you know. By inviting him to your home, you can save about 40% of the total amount. Agree, good savings.
Economy shopping rules
Watch out for sales in stores. It can be an expensive store with good things, such stores often have sales. So you can get the right thing much cheaper. However, before you go on sale, decide what exactly you want to buy and look for this item purposefully. Otherwise, you risk buying something that you absolutely do not need.
Economical healthy lifestyle
As a small bonus, let's say that a healthy and proper lifestyle helps to save very well. After all, both alcohol and cigarettes, you see, are not cheap. Especially if you take the amount for several months. By giving up bad habits, you can save an impressive amount of money. But most importantly, you will become healthier, and therefore happier.
As you can see, saving money is not so difficult if you seriously set yourself this goal. It's even exciting, because it allows you to control your life, gives you the right to choose.
Incredible Facts
Building your financial future—whether it's your retirement, your family's future needs, or simply reaching your personal goals and getting the things you want—begins with saving money. Keeping your money safe is the best way to make sure you are financially secure, especially when it matters. And it's easy to learn.
Savings is not only buying goods with discounts. It also means saving money for a rainy day, that is, creating reserve fund, so if something goes wrong, you can easily pay off all your debts, and you won’t worry about it. Of course, this also means that your money will work for you.
As you find ways to reduce the costs of your daily life, you will develop habits that can change the way you look at your own life, your family, and the future. However, it all starts with basic principles and some potentially daunting concepts: budgeting, savings accounts, and creating new spending habits.
These are just a few words that are guaranteed to scare or make you feel guilty. But if you can step back and look back at your patterns of behavior, your dreams for the future, and the real results of your daily choices, you'll be surprised how painless and even fun it can be to save money.
10. Save on entertainment
Almost any information is now freely available online. And the magazines that you can find almost anywhere in your home that you threaten to read one day? You won't read them. So call and unsubscribe right now and get paid for the numbers not received.
And this endless collection of DVDs? They very often sit on your shelves, collecting dust, simply because you do not have time to look at them. What about your health club membership? If you don't have time to enjoy its benefits to the extent you want, you're wasting your money and feeling guilty. You can walk or run the streets, sunbathe with friends, or use the park equipment to exercise. You don't have to pay for a bunch of machines you don't use.
We all love to buy new clothes, eat very tasty food, go to resorts or watch our favorite rock performers from the front row. But these things are luxury items, so they should be purchased in moderation. You have the right to feel special and to be treated the same way. Just make sure it's really what you need and try to spend your money on experiences that will stay with you forever.
9. Save on car costs
The price of new cars drops by 25-40 percent two years after they hit the market. When you buy a car that's a year or two old, someone else is paying the same 40 percent by buying it the moment it leaves. This price change will also be reflected in the warranty and insurance.
As we all know, the best way to save on your monthly car expenses is to keep track of your mileage. But this shouldn't be your statistical nightmare. Just think: if you've averaged about 129,000 miles in five years, you could buy 2,000 gallons less gas just by buying a car that uses 6 liters instead of 11 liters per 100 kilometers.
Did you know that simply changing your air filter can increase your mileage by 7 percent? Or that a two-pound load for every square inch (14 kPa) of your tires reduces your mileage by 1 percent? Most cars have a 5-10 pound load per square inch of tires, as required by the manufacturer, so mileage is automatically increased by 5 percent.
All these little things are ways to save your money, so by maintaining the car in proper condition you will be confident in it for a very long period of time and will not soon think about buying a new vehicle.
8. Save on food
When it comes to food, we often pay for convenience, but a few simple changes in our lives would make it healthier and cheaper. Spending $6 a day on lunch equals $800 a year, doubled if your partner does the same. Taking your lunch out once or twice a week will not only be cheaper, but also healthier (and maybe even tastier!).
Water in plastic bottles is not only harmful to the environment, but also an unnecessary overpayment for what you can get for free. Just buy a water filter and some fun refillable bottles.
If you make your own coffee in the morning instead of stopping at one of the many cafes on your way to work, you can save a lot of money every week. Thus, planning for the week what you will eat is a solid strategy, following which you will be able to achieve serious results. Eating a snack before going to the store and going for exactly what you need will save you a lot of cash. The faster you make your purchases, the less money you will spend on unnecessary items.
7. Save on family expenses
Did you know that all the lesser-known companies that produce medicines or baby food, before entering the market, go through all the same stages of quality requirements as well-known brands? The only difference is that the brand name of the company requires a lot of expenses for its promotion, and therefore the marketing costs in this case are not small. Accordingly, all these costs are reflected in the final price for the consumer, and cheaper versions of products from less famous companies are no worse, since they include the same ingredients as their expensive counterparts.
If you were planning to quit smoking, then money in this case is a serious incentive. And the benefit is not only that you actually save money by not buying cigarettes: you will noticeably improve your health and be able to live longer. Getting rid of bad habits is great way save money and improve the quality of your life. Think about it: all these addictions and bad habits are just another way to quickly get rid of money without getting anything in return.
Get in the habit of comparing prices for long-term items such as life insurance, baby products, medicines, and financial planning. Companies that are trying to sell you something are unlikely to know what is good for you and your family.
6. Saving on household energy
Buy energy efficient household appliances, make sure your home is well insulated and energy efficient. Thus, you will significantly reduce your electricity bills.
Turning off your computer, TV, or coffee maker when you're not near these appliances will help you save enough energy throughout the year. The workstation you are currently using can easily be connected to a surge protector. If you are already connected, then at the end of work, be sure to turn everything off, as well as everything else that you do not use. Conserving power while your computer is running by setting "energy-saving" settings is another way to use less power.
Remember that spending is the opposite of saving. Although you may not see huge results immediately when you start saving energy, over time you will find that you have saved a significant amount of money.
5. Save on personal expenses
If your favorite TV shows will be available tomorrow on the Internet for free, then why pay for cable TV? If you still can't give up cable or satellite TV, then compare the prices of local TV providers' packages. You can pay less for Internet and TV by agreeing to a special phone package, even if you never use it.
Compare all the data plans offered by your mobile provider and get a realistic view of your habits and needs. It's good that you always have 600 minutes on your account, but do you really need that much? Do you really need unlimited text messages or could you get by with a certain amount? Try to upgrade to a cheaper one. tariff plan and check if it suits you.
When saving money, you may be overcome by twofold feelings, on the one hand it seems to you that you are sacrificing convenience and thrill. But on the other hand, you see how your money is accumulating, and you cannot help but rejoice.
4. Other tips for saving money
If you find yourself spending too much money online, remove your credit card number from your online account. Then the next time you want to make an impulse purchase, you will have a little more time to think about whether you really need it.
Set a monthly threshold for the purchases you want to make. Write down everything you want to buy, but don't buy it right away, but see if you also want to make this purchase in a month.
Get rid of your credit cards points, since it is on the interest that you pay monthly to companies that they live. The credit card system works very simply: you buy something you can't afford. Raise money for what you really want, and you don't have to pay extra money just for the right to immediately own something. You will appreciate such things more, and you will have more money for the next purchase.
When it comes to gifts, we remember most of all the ones that made us feel the best. Intangible gifts and favors, whether it's evening babysitting, lawn care, or temporary accommodation with your loved one's pet, cost nothing but mean a lot because they show that you really think about their needs.
3. What now?
First of all, you must remember the reason why you are saving: to create a financial base, but not in order to "drain" the entire amount for the next big purchase, and not even just to cut your expenses. Develop strategies and habits that will ultimately help your money work for you.
The first essential part of any plan is your emergency fund. This is exactly the kind of money that you can always easily access in case of emergencies. Most experts agree that the amount of the reserve fund should be equal to the amount of expenses for 3-6 months.
Once you manage to create an emergency fund, pay attention to paying off debt as the first step towards real savings. It's not as exciting as watching your savings account grow, but when you're debt-free, you feel great.
Saving means spending less than you earn, and this is the only way to achieve financial freedom. This means that you should look at your money in terms of hopes and dreams. Always looking better ways saving money for you and your family.
2. Create your budget and stick to it
With the help of the online banking system, you can more easily understand how much money you spend, how much you can save or how much you can give to pay off debt. Don't think about what you should be doing, just focus on your daily life, not on the amounts you earn, but on the amounts you spend.
Setting sky-high goals can sometimes help achieve them in a very short period of time, but you're not just saving up for a new TV: you're trying to form completely new habits and make them a part of your life. They should be something you will always do, not just when you are optimistic. Any expert will tell you that first of all, you must learn to pay yourself.
When you think of saving as something to do with your leftover money, you will never learn how to save: because extra money never happens! It is important to teach yourself that once you start saving, money can no longer be spent right and left. Saving is something you should be doing no matter what happens.
1. Let your money work for you
So, you have created a budget, now you will see how long it will take you to pay off all debts and have your reserve fund. You've set long-term shopping goals to stay motivated and made some retirement decisions. Moreover, if you managed to give up bad habits, then for sure you can save.
The whole point of having an emergency fund is that the money can be available at any time, but you are paying for instant access, so holding the money in such an account is unlikely to multiply it. However, there are many financial products in the world that are safer and less labor intensive than stock trading and will make your money work for you.
Certificates of deposit are not a bad way to get started. You determine the conditions, that is, how much time they need to "ripen" and give money. Then, upon return, you receive a large amount than you originally invested and decide what to do with it next: reinvest, change the conditions, or just take the money. The longer the maturation period, the higher interest rate, since you agree not to withdraw money until a certain period or in case of non-compliance with the conditions, to pay severe penalties.
And it is best to create several certificates of deposit with different maturity periods, then you will not worry about the fact that you can be left without money for a long period of time.