How to save money: tips and rules
Probably, ever since money was invented, people have been tormented by the question of how to learn how to save and save money. Many, however, will say that the salary is so small that there is nothing to save. However, even with small incomes, you can plan your expenses in such a way that there will always be free funds and you will no longer have to borrow in the event of some kind of force majeure. Let's listen to the advice given by experts regarding savings.
How to quickly save money
To accumulate faster, you first need to take time and analyze all items of expenditure. There are things you can't save on - rent, internet, cellular. More medicines - saving money on them is fraught. It is better to set aside the money for this from the salary right away. Also determine the amount that you will spend on groceries weekly, and try not to exceed it.
The next item is the cost of clothing. Estimate the approximate price and service life of the things that are necessary for your wardrobe, and get the amount that you need for it during the year.
It is worth setting aside a small amount for pleasant small purchases and entertainment - abandoning all the joys that make our life more pleasant can drive us into depression.
Finally, unforeseen expenses: car repairs, household appliances, unplanned purchase of something - you can postpone up to 5% of your salary for this.
The rest of the earnings can be deposited in a bank in a special account - you will receive small interest, but, nevertheless, this is income, besides, the temptation to withdraw money for some purchase will be less.
How to learn to save money
To learn how to save money, it is advisable to start keeping track of income and expenses. So it will be easier to navigate your spending and understand what, in principle, you can do without. Visibility is a very handy thing and will help you in your accumulation purposes much more than just abstract advice and an attempt to follow them.
According to studies conducted, 95% of Russians spend their salary almost completely by the time they receive the next one. Moreover, it practically does not depend on income. Improving your financial literacy can improve the situation for the better.
There are also many rules to help you learn how to save money: shopping only on a full stomach so as not to buy a bunch of unnecessary products, finding cheaper analogs of the things you need, tracking various promotions and other useful offers from outlets, and much more.
How to save money: 5 expert tips
Of course, not everyone succeeds in saving money. However, this can be gradually learned, especially if you adhere to some of the recommendations of experts in this field:
- Advice number one, about which many have probably heard, but few follow - the so-called ten percent rule. Many people live paycheck to paycheck, some still borrow. Nevertheless, we understand that it was possible to do without some purchases made during the month: a significant part of the funds is spent on pleasure and entertainment. If you develop a habit of saving 10% on every salary, bonus, and other cash receipts, it will make it much easier to make large purchases. Plus, this kind of financial airbag will make you feel more confident.
- Learn to avoid spontaneous purchases. There is a good advice: if you really want to buy some thing, you need to wait a few days - during this time you can think about everything and understand whether you really need it so much. As for spending on trifles, it is better to minimize them at all - cute trifles empty your pocket and deprive you of willpower.
- Studying prices for compulsory expenses. Statistics show that a preliminary comparison of food prices in several stores will help reduce costs by about a third. The same applies to other goods that are purchased regularly, for example, hygiene products and household chemicals.
- Refusal of loans and credits. It is always better to wait with a purchase than to give most of the money earned to pay off the debt and rather big interest on it.
- Set goals. If they are delivered, it will be easier for you to overcome temptations and accumulate the desired amount.
