The more we earn, the more we spend. And this means that you need to intentionally save money while they are still in the deposit account.
Think of it as an investment in yourself. First, pay yourself. There are several tips on How to Save Money.
Use discounts and coupons. Shopping is not canceled, but changing the approach to shopping is still worth it. Follow sales and special promotions in your favorite stores, and try to buy some items online — there are often interesting offers. Also, use coupon services — they offer discounts on partner products all year round, not only on wardrobe items but also entertainment, beauty salons, and fitness.
Keep a diary of expenses. Healthy savings begin with keeping a special diary. It can be a notebook or an app on a gadget. The main thing — do not forget to contribute all your income and expenses, then in a month, you will be able to assess your budget and understand where your money goes. You will immediately understand what purchases were superfluous, how much you spend on food and utilities, and how much you can save on vacation.
So How to Save Money? Make a special card. Plastic cards can help us save money — just install a cashback service on them. This feature allows you to return some of the money spent to the card at the expense of the store fee and accumulated bonuses. Some banks return up to 10% of the cost, on average saving up to 5%.
Do not keep money at home or on a card. The financial airbag is better to put on replenished and withdrawn deposits. Yeah, it’ll be a small interest, but still.
Put off shopping. If you spontaneously want to buy something, wait a day or two. Still, think that you are vital? Then buy. But in 90% of cases, you will understand that it was only a momentary impulse. Or maybe you’ll forget about something that just two days ago seemed so desirable.
As already mentioned, start to maintain a budget. It is useful for everyone, but with a small salary especially. You will see exactly what your money is spent on and plan the necessary expenses.
Take a regular notebook or a special app and record your income and expenses for a month. At the end of the term analyze the accumulated information. See how much is spent on food, transport, entertainment, and shopping for the house. Think about what you can give up to save money. Based on this, plan your finances for next month.