How do you save?

[frederick_9]

• Eliminate Your Debt. ...
• Set Savings Goals. ...
• Pay Yourself First. ...
• Stop Smoking. ...
• Take a "Staycation" ...
• Spend to Save. ...
• Utility Savings. ...
• Pack Your Lunch.

 

[Genie01]

I have a separate bank account that is solely for savings purposes, I usually use it for my savings and it has really been helpful in making me stick to my financial plan.

 

[UsmanAmoyo]

I have a separate bank account that is solely for savings purposes, I usually use it for my savings and it has really been helpful in making me stick to my financial plan.

This is an interesting and a nice idea. I would try to do same because I find it very uneasy to save money despite my firm resolves.
Thanks for posting.

 

[Genie01]

This is an interesting and a nice idea. I would try to do same because I find it very uneasy to save money despite my firm resolves.
Thanks for posting.

You are very welcomed anytime.
The truth is, I was in that situation too and Everytime I go out with my debit card I find myself entering my savings and that really helped me.

 

[UsmanAmoyo]

You are very welcomed anytime.
The truth is, I was in that situation too and Everytime I go out with my debit card I find myself entering my savings and that really helped me.

I just created a fixed deposit account for the sake of transparency and discipline.
I would definitely give it a shot in the next few years and I hope it would be great.

 

[Bigron]

How do you make sure you have savings every month?
Because sometimes, most of the money I earn goes to bills and there are times I am unable to save consistently.

One of the best means of saving money is to draw a budget and spend a regulated amount of funds. It is also important to try as much as possible to stick with it. With that being, you should also make room for miscellaneous expenses

 

[Genie01]

One of the best means of saving money is to draw a budget and spend a regulated amount of funds. It is also important to try as much as possible to stick with it. With that being, you should also make room for miscellaneous expenses

You are absolutely right, having a financial budget would help one to make savings as efficient as possible.
The truth is , if there is no plan on ground, failure is most likely to happen.

 

[Bigron]

You are absolutely right, having a financial budget would help one to make savings as efficient as possible.
The truth is , if there is no plan on ground, failure is most likely to happen.

A budget is very essential when it comes to finances because it provides the framework for the expenditure of funds received. It also helps you to save money for any emergency situation which can arise at any given time

 

[Genie01]

A budget is very essential when it comes to finances because it provides the framework for the expenditure of funds received. It also helps you to save money for any emergency situation which can arise at any given time

Alot end up complain that the money they hold no longer have value because they were not putting in their best to control it's inflow and outflow by having a financial budget.

 

[Bigron]

Alot end up complain that the money they hold no longer have value because they were not putting in their best to control it's inflow and outflow by having a financial budget.

This is very true. Many people fail to exhibit financial self-control and discipline by constructing a budget which even accounts for miscellaneous expenses, and this ends up with them in a state of budget deficit

 

[Good-Person]

I Record my expenses · Include saving in my budget · Find ways to cut spending · 1. Determine my financial priorities. Eliminate my Debt · 2. Set Savings Goals · 3. Pay myself First · 4. Stop Smoking · 5. Take a "Staycation" · 6. Spend to Save · 7. Utility Savings

This is the best kind o strategy and this is the kind of strategy that I am also following as well in order to cut my expenses and trying to save more and more money.

 

[Bbwoy95]

Savings is one of the financial key factors to consider if you want to have a stable living. Due to this, there various methods of savings. But I try the current savings at the bank.

 

[Setho]

You should always ensure that you are making a list of the things that you want to spend your money on first. This is going to allow you to read out things that you do not necessarily want.

 

[HayKay]

Saving when you're working can be something difficult but one lesson that has helped since I learnt it is utilizing the 50:30:20 rule. 50 percent of what I earn for my needs, 30 percent for my wants and 20 percent for my savings that I've setup an automatic debit for.

 

[Georgeadawara]

Saving money is not an easy task, but a very huge task, there are allot of people who have the plan to save but can't, I make sure I deposit my money in my account and forget about it when I want to save.

 

[Danny4cash]

Actually savings is not quite an easy task because it only takes someone who had made up his mind to do that. avoid unnecessary spending of your daily income.

I agree with you that saving is not that easy. Its not about how much you made. Its about how much save. Currently, I'm looking forward to understand you so much that we transfer

 

[Good-Person]

I have a separate bank account that is solely for savings purposes, I usually use it for my savings and it has really been helpful in making me stick to my financial plan.

This is a good approach. I think that I should also create a separate bank account that could possibly help me to save money and fund. I think that I could also use online payment processor as well.

 

[HayKay]

One best way I've learnt to save is to use an automated savings app that'll deduct 20% from my earnings on a set day. That way I don't have to get tempted or think that I'll be stressed financially.

 

[Danny4cash]

Actually savings is not quite an easy task because it only takes someone who had made up his mind to do that. avoid unnecessary spending of your daily income.

I agree with you. Before you can save you have to made up your mind about it first. And another thing is that if what you're earning monthly is too low, then it'll be hard to save. That's the issue I'm facing.

 

[Good-Person]

• Eliminate Your Debt. ...
• Set Savings Goals. ...
• Pay Yourself First. ...
• Stop Smoking. ...
• Take a "Staycation" ...
• Spend to Save. ...
• Utility Savings. ...
• Pack Your Lunch.

These were some great tips, but I do not know what do you mean by "staycation". Would you please explain me what is this? Having said that, I have been saving money by limiting the products that I used to buy unnecessarily.