➡ 𝙏𝙝𝙞𝙨 𝙖𝙧𝙩𝙞𝙘𝙡𝙚 𝙥𝙧𝙤𝙫𝙞𝙙𝙚𝙨 𝙩𝙞𝙥𝙨 𝙤𝙣 𝙝𝙤𝙬 𝙩𝙤 𝙨𝙖𝙫𝙚 𝙢𝙤𝙣𝙚𝙮, 𝙞𝙣𝙘𝙡𝙪𝙙𝙞𝙣𝙜 𝙢𝙖𝙠𝙞𝙣𝙜 𝙖 𝙗𝙪𝙙𝙜𝙚𝙩, 𝙨𝙚𝙩𝙩𝙞𝙣𝙜 𝙢𝙤𝙣𝙩𝙝𝙡𝙮 𝙩𝙖𝙧𝙜𝙚𝙩𝙨, 𝙖𝙫𝙤𝙞𝙙𝙞𝙣𝙜 𝙞𝙣𝙨𝙩𝙖𝙣𝙩 𝙥𝙪𝙧𝙘𝙝𝙖𝙨𝙚𝙨, 𝙢𝙖𝙣𝙖𝙜𝙞𝙣𝙜 𝙖 "𝙗𝙪𝙮 𝙡𝙖𝙩𝙚𝙧" 𝙥𝙖𝙜𝙚, 𝙖𝙫𝙤𝙞𝙙𝙞𝙣𝙜 𝙘𝙧𝙚𝙙𝙞𝙩 𝙘𝙖𝙧𝙙 𝙙𝙚𝙗𝙩, 𝙖𝙣𝙙 𝙨𝙚𝙚𝙠𝙞𝙣𝙜 𝙝𝙚𝙡𝙥 𝙬𝙝𝙚𝙣 𝙣𝙚𝙚𝙙𝙚𝙙.
We often say jokingly that our money disappears faster than we can earn it. Nowadays, saving money is a difficult task because our desires are never ending right! But what are we actually doing about it? Have we thought about it?
Well, we definitely have thought about it to help you become financially stable. Here are some tips for you to save money.
Make a Budget
Budget Budget Budget!! We can’t emphasize more on this. Whether you have travel plans, study plans or even to buy some birthday gifts for your friends, make a budget of those expenses. Plan ahead and keep track of your personal finances.
Create Monthly Targets
A good way to reach anything in life is to set clear and realistic targets. So make a monthly target of let’s say 10% of your net income goes to your savings account. It really depends on your monthly income and your household expenses. So you be the judge and make a realistic monthly target. Save - no matter how little.
Don’t Make Instant Purchases
When you see a really nice blouse on an instagram page or a really cute bag at mango, don’t buy it instantly. Ask yourself these questions. Do you need it? Would you regret spending that much on this product? Do you have the budget to buy it this month?
Manage a ‘Buy Later’ Page
Actually, something you can do is to create a “buy later" page on your notes or even on a google document and put the link to those products. So you can come back to it when you actually have money to spend on it and ask yourself if you really need it. If the answer is yes, then buy it. If it is no, good. You have saved money.
Try to Avoid Credit Card or Borrowing Money
Using credit cards can be addictive. There will be situations where you might need to use a credit card. But it is totally stupid to use a credit card or borrow money to fund a life that you cannot afford. Because it is not cool when you’ll have to pay back the total amount in the following month or when interest is added every month on the unpaid amount and you end up spending more than you should.
Don’t Be Shy to Ask For Help
If you are struggling to change your spending habits, ask someone who you can trust for help. To get you started, ask this person to save part of your savings for you if it’s not overwhelming them. Don’t be shy or embarrassed. Because your friend or relative could be more good at managing finances than you. They can actually help you change your habits.
We hope that these tips will help you save money over time, no matter how small it is. Even the smallest step adds up in the long run and can lead to big changes. It's all about making small adjustments!