No tags yet.
I personally believe that it’s not about how much you make, but what you do with it that counts. Yes, it can be difficult to save at times, but that doesn’t mean it shouldn’t be a priority. I’ve compiled a list of the top saving habits of some of my friends (myself included), and I hope they can be beneficial to you.
Prioritize your money! Save before, and not after spending. A good way to do this is through salary deductions or automatic transfers on scheduled dates. We can find endless excuses for why we cannot save. So, take out your savings first, pay your bills, and make do with what’s left.
Track your spending habits! A lot of my friends found that tracking their money habits makes their lives a lot easier and more manageable. I personally use an excel spreadsheet to track my habits. You can create your own spreadsheet or download a free budgeting app to track your money habits. Create targets for yourself whether weekly, monthly, or yearly, and track your progress.
Cut down on expenses! Find ways to cut down on your expenses; and here are some tips to do just that:
You can opt to take lunch to work at least 3 times per week. The average person spends 200+ days at work in a year. If you buy lunch at an average cost of $10 per day, that’s $2,000+ in one yea