3 top savings strategies to help you spend a lot and still save a lot
Saving money is not an easy thing especially for those who like to spend a lot and have no stops. But sometimes we need to buy the necessary items and some savings would be really nice to have. 3 simple ways to help you quickly save a necessary amount of money.
1. Savings in stages
This method takes a year or 52 weeks. The point is to save a larger amount each week than you saved in the previous week.
Basically, you will save money in a strategic way over a period of 52 weeks (equivalent to 1 year). The starting level is 10 thousand VND saving in the first week, you will save 13.78 million VND at the end. Taking on this challenge is a great way to boost your money self-awareness.
This method only works if you regularly put your money aside, not spend it. If it’s too hard, try to reduce the amount and save money monthly instead of weekly.
2. Shop but still save
This easy method helps you not only save money, but also keep track of your expenses. The point is to set aside a percentage for every purchase you make.
Example: You decide to put 10% of each purchase into savings. A new sweater for 300k will give you 30k in savings. If you spend 15 million a month, you will save 1.5 million. Just like that, multiplying by 1 year is also much more reasonable.
You can decide for yourself when to apply this. Consider all of your purchases or just those that are larger than a certain amount. This method is very easy if you have a credit card. Many banks allow you to save a certain amount from each purchase you make.
3. Turn bad habits into savings
The purpose of this method is to set aside a fixed amount for each bad habit you get into. Example: You are often late to work or regularly miss trips to the gym. You put 10k or 20k fines for yourself and put them in pigs to save. The most important thing is to covenant the amount from the start and not to devalue it.
This method will help you break bad habits and still save money.
Theo brightside
at Blogtuan.info – Source: Afamily.vn – Read the original article here
