How to start saving?
Posted: Tue Dec 24, 2024 9:40 am
Each of us would like to live at a decent standard and not have to count every penny. We would also like to start saving. How to do it? Below are some tips on how to start saving. These are just the basic tips that you need to adapt to your needs and, above all, possibilities. I hope they will help you save some amounts and motivate you to save more.
Tip one – regularity
money coins personal bank accountSome studies have shown that if people who are on a diet write down what they eat and at what times, they stick to the diet recommendations more. What if you introduced this to the issue of your finances? Sometimes you don't know where your money is going, especially in small amounts. If you start writing it down, you will know what happened to it. You can use a regular notebook to write it down or, if you prefer, a mobile application or a table in a spreadsheet.
Spending less than you earn
When we eat less, we lose weight, and when we spend less? We save. An interesting option for saving is to transfer a percentage of your salary to a savings account. For example, if you earn PLN 2,000, assume that you dominican republic whatsapp database 10 percent of this amount each month. This will give you PLN 200 per month and PLN 2,400 per year. This is a kind of additional salary. If you cannot afford to save such an amount, save less. It is important to do this regularly. Setting up a standing order on your main account will help you with this.
Fighting addiction
debts debit finances bills
pixabay.com
If you smoke or like to spend money on gambling, you generate large expenses in your budget. Currently, cigarettes reach horrendous prices. Even 15 zlotys per pack. If you have a strong will and try to quit or limit stimulants, do not spend the money saved in this way immediately - it will go to waste. A better way is to put money in a piggy bank. Considering a pack of cigarettes a day - i.e. 15 zlotys - in a month it gives you thirty times fifteen, i.e. as much as 450 zlotys. Following this path, you will come to the conclusion that you can save over 5000 zlotys per year. Enough for a decent vacation.
Carrying high denominations
It's a well-known rule. You've probably not changed a 100-zloty note for something small. Having high denominations in your wallet is a good way. A 100-zloty note will last longer than a few 10- and 20-zloty notes. And you won't buy anything really unnecessary, so you'll save money.
Savings for real important needs
bank deposits saving
Photo: pixabay.com
A home breakdown, urgent dental treatment or car repair – these are important reasons that could affect your savings. Stick to it. A new electronic gadget or coat is not necessary if you have several other similar items. No one is saying that you should deny yourself everything, because that is not the point. It is important to divide your expenses into important and less important things.
Tip one – regularity
money coins personal bank accountSome studies have shown that if people who are on a diet write down what they eat and at what times, they stick to the diet recommendations more. What if you introduced this to the issue of your finances? Sometimes you don't know where your money is going, especially in small amounts. If you start writing it down, you will know what happened to it. You can use a regular notebook to write it down or, if you prefer, a mobile application or a table in a spreadsheet.
Spending less than you earn
When we eat less, we lose weight, and when we spend less? We save. An interesting option for saving is to transfer a percentage of your salary to a savings account. For example, if you earn PLN 2,000, assume that you dominican republic whatsapp database 10 percent of this amount each month. This will give you PLN 200 per month and PLN 2,400 per year. This is a kind of additional salary. If you cannot afford to save such an amount, save less. It is important to do this regularly. Setting up a standing order on your main account will help you with this.
Fighting addiction
debts debit finances bills
pixabay.com
If you smoke or like to spend money on gambling, you generate large expenses in your budget. Currently, cigarettes reach horrendous prices. Even 15 zlotys per pack. If you have a strong will and try to quit or limit stimulants, do not spend the money saved in this way immediately - it will go to waste. A better way is to put money in a piggy bank. Considering a pack of cigarettes a day - i.e. 15 zlotys - in a month it gives you thirty times fifteen, i.e. as much as 450 zlotys. Following this path, you will come to the conclusion that you can save over 5000 zlotys per year. Enough for a decent vacation.
Carrying high denominations
It's a well-known rule. You've probably not changed a 100-zloty note for something small. Having high denominations in your wallet is a good way. A 100-zloty note will last longer than a few 10- and 20-zloty notes. And you won't buy anything really unnecessary, so you'll save money.
Savings for real important needs
bank deposits saving
Photo: pixabay.com
A home breakdown, urgent dental treatment or car repair – these are important reasons that could affect your savings. Stick to it. A new electronic gadget or coat is not necessary if you have several other similar items. No one is saying that you should deny yourself everything, because that is not the point. It is important to divide your expenses into important and less important things.