Well saving for a tight budget, depends on your earnings, and also planning. how much you earned, will determine how much you can save and also spend when needed. try to make specification of things that are much important to you.
How to Save Money on a Tight Budget?
- Thread starter HK World
- Start date
Earnings play a really huge role when it comes to creating a budgeting plan. Some people are not able to create a budget because they are simply not able to save money. Imagine a person making just $100 per month. How could he create a budget plan?
your earning is very important as a person, as this would help you know how to budget and how to plan yourself as an individual and would make you more organise as a person
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It is very possible to save money in a tight budget. The important thing is to make adequate plans so that the execution would be easier. I don't think it is impossible.
Saving money on a tight budget is not as easy as you say it or make it seem, as their are various things that are involved with saving money because inflation and other things can affect you
I agree with you, the inflation punishes those that saves and if you are not good at investing, it would drastically affect your finances because of the devaluation .
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Yes, earnings are indeed important. I think that earnings, savings, and investing are the three main principles and pillars of your finances that you need to take care of.
Saving with tight budget is not an easy thing. What I do is once i made up my mind to save, immediately the money came to account I transferred the amount I want to save to the appropriate place on time.
Saving on a tight budget will be determined by the total amount of money you are making at the end of the week or month , if you are making enough money to cater for your needs , you will be able to save at least some percentage of your income even when the budget is tight .
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If you are having a tight budget and you want to see money then you should ensure that you remove everything that you do not need on that list. There are some things that you do not even need and you will not know until you go over it again.
Perseverance and determination help on savings during the tight budget. The current situation of the economy has made people to think otherwise to save but there's a way to overcome which is endurance and keep optimistic about changing in country's economy soon.
Saving money on a tight budget, especially at the moment isn't always easy to do, with prices rising all the time it is hard to keep track of how much something may cost you week in and week out. You of course can always take steps to help yourself when those changes keep happening. Getting into a habit of switching off devices you do not use and turning them off at the mains is one way to save money. Only buy as much as you need of something is also another way to save money. When you are budgeting always ensure you leave an amount at the end of it all so that you have that extra to be able to fall back on when you need it the most. If you drive, only take journeys in your car if it is really essential so that you don't use too much gas and you do not have to fill it up quite frequently. It's all about looking at what you can cut down on to save that money and what things you can do to help you spend less.
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I agree with you, buying unnecessary things will cause you face many problems, you will not have money to buy those things that are necessary for you.
If you want to save money then there are definitely some kind of products that you do not have to buy especially one that you do not need at the moment or one that you can do without.
Well, I try my best to save money by spending money on things that I really need. I refrain from spending money in an unnecessary manner. This is a basic thing people must understand.
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This is good. At least, you'll still be able to save part of your money if you avoid spendingmoney uunnecessarily. For me, what I do is why preparing monthly budget, I usually add the money I want to save to it.
Definitely, only saving will not help you to reach your financial goals, you can also use your money to start a small business or make investments, by this way you can be successful.
Making investment remains one of the best ways you can use to make more money for yourself.if you're not making a lot of money saving alone will not give you financial freedom.
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Yes you're absolutely right, this are some of the steps one can follow in order to save money or budget, even when you're not financially stable.at the end of the day one will save huge amount of money.
Things have become really tough nowadays. It's hard to even manage your income to sustain you, let alone save out of it. But with proper planning and management it is possible. You will be able to save no matter how small.
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