This is a very good strategy especially if you are someone who have not been saving money before. That strategy will help you to be able to save some reasonable amount of money.
Yes sir, It is helping me save a reasonable amount of money.
of course whenever you are trying something new you will face a lot of challenges but with a lot of consistency and discipline you will get used to it. That is how it is when it comes to the issue of saving money.
Yeah, That is true.
Being very much discipline towards your finances is not something you are chief in a day. It requires some level of consistency for you to be able to get to that level. You just need to be consistent in practicing.
Yes, I would try and be consistent though it is not easy. But, I have a target I set to meet and I think that should be enough motivation for me to be consistent and disciplined when saving.
whenever you have a target you must be disciplined enough in order to meet that particular target. Of course I know that a target can be a very big motivation for you to continue working in order to be successful.
That is great for you. I love using the lock savings strategy too. It just forces you to stay disciplined about your saving. I have also done a great job at cutting down my expenses and saying no to my unnecessary spending urges.
This is exactly the point. I have a target that I am trying to meet up to now and it seem to be very hard but I know that I am going to achieve it. I am saving up for it already.
That's good, most of the time our targets can always drive us to achieve things we may not even believe we can. At the beginning of every year you can set a target for that particular year. You can also list steps you can use to achieve it. With consistency it is possible.
I think this is also another good way of saving money and making money at the same time which is better than spending all the money that you make online
I understand the angle you are coming from perfectly. That is why I have never been an advocate of telling people tye edact amount that they should save. Don't save 20%, don't save 30%. Save what you can and be consistent with it. Even if it is 1cent that you can save, just save it.
Yes, I know how important it is to meet your target and the kind of fulfillment you would feel after meeting your target.
I believe it is only the economy jungle of that doesn't encourage savings. Apart from savings benefitting us personally, it also benefits the economy by encouraging cash flow and providing capital for manufacturers.
