The easiest way to save money
Everyone wants to save money but few people succeed. You might be interested in knowing how you could gather the smallest amount and not spend it each month. I have heard people saying that you must save money for emergencies, but every time, an emergency shows up suddenly. How can you do and what should you do to save money?
I will try to answer these two questions in the rows below. If you continue your reading you will be able to discover a few secrets on how you can increase your economies and feel safe financially speaking. In case you are interested and you obviously must be, enjoy your reading session.
Consider your expenses
It might not be in your regular schedule but recording your monthly expenses could be of a great help. It is very important to know exactly how much you need to spend and on what. I am not referring just your regular monthly bills such as light, heat or rent.
I am talking about your regular habits such as coffee, snacks and smoking, in case you have this nasty habit. You should also check how much you spend on your groceries as well. To do that you should make a habit to pay directly with your credit/debit card or preserve all the receipts. This way you will know how much from your budget you should allocate for your groceries.
According with your monthly bank statements and receipts, you will be able to establish the rest of your budget as well. You could also cut from your unimportant expenses. Most people have this habit of buying things that they do not really need. Usually those people are not capable to save money for sure.
You will notice that in some months you might need a bigger budget because you have to pay for your vehicle maintenance, or you have to replace some broken house appliances or your gadgets such as PC might need some repairs. Especially for these types of expenses, you should start making some savings so you will not be financially crushed when you have to pay for them.
Considering that you should know by what is your monthly income, you should plan your money saving strategy. You know how much you spend on the things you need and how big your monthly bills are. Therefore, you should put them down on paper and see how much you will have left.
A part of that amount left or maybe the entire amount you could put it aside in an account or you can go for the classic way, throw it in a jar, and completely forget about it. Remember to eliminate the non-essential expenditures. You should also consider on quitting unhealthy habits such as smoking or drinking alcohol. Imagine how much money you could save this way.
Set a goal
Some people do not have too many goals to save money for or they just forget about them. It is time to remember about them. When you are motivated, you have more chances to become less of a spender.
No matter if it is for a holiday, or buying a new car, for emergencies, for studies or no matter what else you must save some important amounts for any of these. Imagine that no one could help you and your person is the only one on which you can rely. I know a phrase for that: “I thank to all the people who refused me because this way I learned how to manage things on my own.”
You could plan savings for short periods of time or you can plan money savings for longer periods such as for your child education. What could be more motivating than to offer your kid a proper education even if he or she will not thank you for that later. One day he/she will thank you when they will be in the same position as you are. The best choice will be to put these long-term investments in a bank account. You will also be able to receive some important interest for the amount gathered in the account.
When you finally decide to save money, you must settle your priorities. You certainly pass the young and restless age when you spend as much as possible on shallow things. You need a bit of stability in your life and this stability always comes with responsibilities. Even if you believe that the retirement time is far from you, you never know when you will wake up 20 years older and retired.
You need to be sure that you have a certain income to survive and make your older years your golden years. Instead of being young and restless, you could be old and restless as well. You can have even more fun than you had when you were young. You kids grew and they are independent, you do not have to work anymore and you do not have anyone to tell what to do. The old years are the gold years if you know what to do when you are still young.
Leave it to the bank
When you choose to save your money in a bank deposit account you can mention that you want your money to be withdrawn automatically when your salary is send by your employer in your bank account. This way you will not forget to put some money aside each month. You will not even take them in consideration. It will be like you never had them. It is the easiest way.
Check them from time to time
Any bank will offer you the opportunity to check your economies each month. You can request bank statements or you can do it online these days. The best thing will be to choose an economy account that you cannot access anytime you want. This way you can watch your economies grow and you will not be tempted to cash them out.
My name is Aura and I am a very active woman. I like being like that because I consider that I have many things to learn from this life.
The main reason why I started to write, was to increase my income. In time I realized that this was not my real goal. I wanted to prove to me, that I have the ability to communicate through writing with people around the world.
I like the idea of sharing my knowledge and experiences with other people even if sometimes they may not agree with me. This is maybe the most important thing in this job. You must allow other people to come with their own ideas backed up by solid arguments.
Another thing, that made me fall in love with writing, was the fact that I can do, even if I do it in my spare time, something I really wanted to do my entire life. Expressing myself through writing gives me the freedom that I can’ t find when I am at my daily workplace.
With all these things being said, I hope you will find my articles interesting and useful.