Everyone needs to know how to save money. This is an elementary skill that greatly facilitates life. Financial stock makes a person confident. It also allows you to realize many dreams and plans. We offer you to learn 4 ways to accumulate the desired amount. They will help, even if you do not earn too much!
4 ways to save money
Accumulating does not always mean saving, putting off and cutting back your needs and desires.
There are at least 4 different ways to get the right amount of money:
- Find a side job. Browse offers in your city. Perhaps you could earn extra money in a taxi, by courier. Or walk the dogs. Or maybe baking cakes to order?
- Start saving. You can reduce your expenses to save. Of course, in something elementary, you do not need to cut yourself. Next, we look at the expense graphs, which will be useful to remove or adjust.
- Sell unnecessary. You probably have a few things that you don’t use, but they are of value to others: an old mixer, a telephone, a washing machine, a small dress, a T-shirt, and a bag. Wash them, scrub, take a picture and put on the notice board. For example, Avito. Put money from the sale in a piggy bank.
- Set aside part of the salary monthly. As a rule, to accumulate capital, it is advised to save 10% of all income. But we believe that it is faster and more correct to distribute the money as follows: for food, utility bills, mandatory payments. And the remainder of the amount should be divided equally - one part should be left for savings, and the second should be used during the month for whims and entertainment.
List of things you can save on
As practice shows, many dwell on the option where you need to save something to save some capital. Our list will help you decide which cost line to say goodbye to:
- Entertainment. If you like clubs, restaurants, cinemas and various events where you need to pay, it's time to switch to the "home" mode. Home-made food, movies, and music can also be quite entertaining if you share them with a good company. Go for a walk in the park. Try cycling. Go rollerblading.
- Sweets and convenience foods. It’s not a pity to refuse them. For many, an impressive amount per month is spent on goodies. Try focusing on fresh meat, vegetables, fruits, dairy products, dried fruits, nuts, and honey. You can not only save money, but also improve your health and figure.
- Bad habits. Give up drinking and cigarettes or reduce their presence in your life to a minimum. Just count how much you spend on what kills you.
- Clothing. If you are an avid fashionista or fashionista, try to stop and not buy new things for at least a month. Others do not remember what you were wearing yesterday or even 30 minutes ago. Do not believe? Conduct a survey among your friends. Start buying clothes only when necessary, and you will significantly reduce your costs.
- Transport. But what if instead of city transport and cars, you start using a bicycle? At first, such an idea may seem ridiculous. But if you think about it ... Riding a bicycle is free, good for health and the environment. In Holland, Denmark and Germany every third moves on it. Try not to follow fashion, but ask it.
Places to store savings
Accumulations must be handled with extreme caution. It is worth considering in advance how and where to store them.
- Deposit account
The obvious advantage of opening a deposit for the accumulation of money is the receipt of interest. Choose a reliable bank with a high rating and open an account where you can deposit money on a monthly basis, but you can’t withdraw early. Calculate whether the interest received will cover inflation.
- Money box
A simple and proven tool. A piggy bank is ideal if you need to save up some money for a short time.
- Confidant
If you spend your “stash” every now and then, try to give money for storage to a person who is 100% trusted.
- Investments
If your capital is impressive, then it is more profitable to invest it and thus earn. You can invest money yourself or trust specialists. For example, open an investment account.
7 helpful tips
Many learn to accumulate different amounts from childhood - they collect pocket money for a new phone, soccer ball, etc. Those who complete the job get a positive experience that helps them in adulthood. If you have problems with accumulation, try starting with a small amount to understand how it works and gain confidence in yourself and your abilities.
7 tips to help you save money:
- A deliberate decision. It is important to clearly understand why you save money and when you get what you want. Write on paper what an apartment, car, new iPhone, coat, repair will give you. Why can't you refuse them? Set a real time period for accumulating the required amount and save the note.
- Planning. According to the polls, the average Russian has no idea what he spent 25% of his salary on. If the income is 30 thousand rubles, then 7.5 thousand flies “into the pipe”. A rather impressive amount. Start capturing what, where and why you spend it. Money loves when it is counted.
- A night of thought before a major purchase. Many things we buy thoughtlessly, under the influence of advertising or other people. It is doubly disappointing when quite a lot of money goes nowhere. Therefore, before saying goodbye to an amount of more than 1.5 thousand rubles, come home and think it over carefully. In the morning, with a fresh mind, you can make the right decision.
- Do not go shopping hungry. Hunger makes you buy more than you really need. This is a fact proven by many experiments. Shopping is not just about food, but about everything else. Have a good meal before you go shopping and you will be surprised how little you spend.
- Stock is a ploy. Most people cannot resist the red price tag. They buy 2 products for the price of one, even if they do not need any of the items. A mug as a gift? Fine. Promotional tea? Why not give it a try. So what if you are an avid coffee lover. Stop. Most of these products you will not use. Brake yourself. Think about whether the promotion is really profitable for you or if you buy too much.
- Stay up to date. Monitor sales in your city, prices for services of Internet providers, offers of banks on profitable deposits. Start exploring the financial market to earn money in the future.
- Caution scammers! If you decide to work part time or invest, double-check the reality of the proposal. Do not settle for dubious fraud, otherwise you risk losing capital!
In conclusion, it is worth noting that the accumulation of funds is not a quick matter. Need to be patient. Remind yourself regularly why you are doing this so that you are not tempted to spend the entire amount ahead of time. Choose the best accumulation option. Do not infringe on your immediate needs. Keep a balance between desires, necessity and waste. You will succeed!