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Income 15 million VND/month, I still save 100 million/year thanks to 8 simple steps

There are so many methods of saving money and managing finances that readers are confused and don’t know where to start.

So this article was born to help you start step by step to save the best money for yourself, so that with an income of about 15 million/month, you can completely save 100 million in a year.

1. Whatever you spend, put it all on paper

The first step to saving money is to keep a record of all your expenses. You can learn the Japanese kakeibo method of note-taking.

first. First, you record your personal income and fixed expenses that you are sure to pay (rent, electricity, water, Internet charges, etc.). This will help you figure out how much you can spend this month.

2. Determine how much money you want to set aside for the month and keep it separate. Try not to touch this money when spending in the following weeks.

3. In the following pages of the notebook, record your expenses in four categories:

– Essential needs: expenses for food, medicine, transportation, children, etc.

– You can choose: expenses for going to coffee, restaurants, buying ready-to-eat food, shopping, …

– Spiritual culture: books, music, performances, movies, magazines,…

Unexpected expenses: gifts, hospitality, home repairs,…

4. Build your financial “commitment” for the month. For example, reduce or cut the need for luxury shopping during the month, find a store that supplies cheaper gas.

5. At the end of each month, calmly consider the battle between your “saving pig” and your “spending wolf”. Take the time to compare how much you originally planned to spend and what you actually spent. This difference is how much extra you save for that month.

If it’s simpler, you can refer to the MoneyLover application.

Earning 15 million VND/month, I still save 100 million/year thanks to 8 simple steps - Photo 1.

2. Plan next month’s spending

After spending the first month recording your expenses, it’s time to sit down and plan for the next month properly.

The plan should be realistic and based on the previous month’s spending, suggesting a reduction. For example, this month you drink milk tea all 500 thousand VND, then next month cut it down a bit, 300,000 VND…

3. Plan to save money

Once you have a spending plan, you should start planning for yourself.

For example, from next month, every time you earn an amount, you should save about 10-15%.

If you find yourself spending too much and have nothing to save, it’s time to sit back and cut back on your spending.

For example, smoke less, go to the movies less, eat out less, etc.

Earning 15 million VND/month, I still save 100 million/year thanks to 8 simple steps - Photo 2.

4. Have a clear saving purpose

The best way to save money is to set clear goals.

Start by thinking about what you want to save – a vacation or buying a new car – then work out how long you need to save to get there.

Some examples of savings goals are:

Short term (1-3 years) Emergency fund (3-9 months salary) Where are you going to hang out? Buy an electronic item Long-term (4 years or more) Retirement money School money for a house…

5. Determine what you prioritize

When setting goals, be sure to have a long-term goal, do not let long-term goals and short-term goals overlap.

You have to see between those goals, which has a higher priority order.

6. Choose the right tool

If you’re saving short-term, here are a few ways to do it:

Open a short-term savings book for 1-3-6 months at any bank or leave the piggy bank.

If you’re saving long-term, you should research: Programs that help you invest to help make money. Money lying dormant will depreciate.

Earning 15 million VND/month, I still save 100 million/year thanks to 8 simple steps - Photo 3.

7. Select automatic saving mode

You can go to the bank and register for automatic savings at the bank.

Every time you receive your salary, the bank will automatically transfer some to your savings, saving you a lot of thought.

8. See if saving money is progressing

Every month you have to review to see if you have saved on schedule.

Reflection helps you better monitor yourself and correct your mistakes if you make a mistake.

Here are some methods to help you start saving money for yourself.

Good luck with your savings.

https://cafebiz.vn/thu-nhap-15-trieu-dong-thang-toi-van-tiet-kiem-duoc-100-trieu-nam-nho-8-buoc-don-gian-20220317101051893.chn


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