Apparently, money is not important and happiness does not give, and yet each of us constantly strives to achieve financial independence. Why are we doing this? First of all, to live with dignity and not to worry about tomorrow.
How does it happen that some people achieve this goal without a problem, while others throughout their lives barely make ends meet? Contrary to appearances, it does not depend on earnings! Even people who earn a lot are often not financially stable until they learn how to save money! And you know how to save? Do you know how to learn to save money?
Saving Money – Some Tips
Saving money does not necessarily mean giving up all pleasures! This popular but wrong thought often discourages many people from saving money right from the start. It’s a pity, because it’s not about suddenly starting to deny yourself everything you want! You don’t know how to save? First of all, wisely! And how to learn to save money wisely?
Start analyzing and planning expenses
To start with, sum up your monthly revenues, list and calculate your bills and fixed expenses. Rent for an apartment, utility bills and telephone, pay best immediately. You won’t miss it anyway. Set aside money for car maintenance and living. This will allow you to gain awareness of your finances.
Also, start taking receipts and other proofs of purchase, even from a nearby grocery store, and analyze your expenses. Make a breakdown, regularly record expenses and sort them by type. Thanks to this you can check which products you spend too much money on and what you can save on.
Save money right away!
If you are determined to save money, then as soon as you receive a salary and count the expenses, immediately make a transfer to a savings account, or throw it into your pig! The piggy bank is not just for children! You can save money at any age! They do not have to be large amounts, but if you leave this option to the end, you will probably spend this money sooner, and saving will end up with desire! So do the opposite!
In this way you can save a considerable sum during the year!
There is also supposedly no better motivation in saving money than putting it away for a specific purpose. A new car? New equipment? An exotic trip? Great! Start saving especially for this specific purpose.
Change the attitude!
Then change your attitude to the things you buy and do not sign any loan agreements on the spur of the moment. Even if you are considering buying in installments or want to open a new account in a bank, think calmly, is it really a good and profitable option?
Don’t spend money you don’t have!
First of all, never spend more money than you earn! If you have a debit on one of the cards, repay it as soon as possible and it is best to block this option. Debit, from month to month, leads to increasing debts! You will pay back the arrears more than you borrowed. Getting a debit has nothing to do with saving.
You don’t know how to learn to save money? It turns out that the biggest field for saving money is saving water and electricity! Replace ordinary bulbs with energy-saving bulbs. They consume less energy and reduce bills. Turn off the lights in rooms where nobody is present. Nobody uses it and the amount increases! Instead of taking a bath, take a shower and pay lower utility bills.
Also, do not be fooled by sales and promotions while shopping. Remember that seasonal products are more expensive during the most demanding times and often under the sale badge! It’s just a marketing gimmick, sales psychology and trick that aims to force you to buy, under the guise of savings. After the season, the products return to the correct price.
Why is it worth putting down money?
Even small savings and the awareness that we have put aside money give us peace of mind and better well-being! This is how we are designed! But it is not everything. Having savings, above all, provides us with security and the ability to cover random expenses without having to incur debts! We don’t like to live economically, but we really like to see the effects of economical financial management. Especially if we are consistent, patient and accumulate satisfactory, substantial sums on our account.
In addition, it is worth being prepared for unplanned random situations, such as illness, incapacity for work or loss of work! You never know what will happen to us in our lives. Today you are healthy and you have a stable work situation, but what if in a year or two you suddenly lose your job or maybe you are seriously ill? In such a situation, you will have one option – indebtedness. Protecting ourselves for the future, we are not tempting fate at all, nor is it a sign of pessimism! Rather, common sense. Especially if we have a home, family and children to support …