Hi guys! Can you share some tried and tested tricks on making the most out of your buck and also some tips on how to save money more effectively. This will be a heck of a help to our fellow users here. Thank you so much.
To saving money, I have the following tips:
1. Do not throw or spend money
Economists say that storing money to save money does not have any impact on your life or your daily income. And until you accumulate, you will be surprised at the amount of money you have accumulated.
2. Use the auto savings service from your payroll account
Nowadays, there is one way that many women choose to use it. Every month, banks automatically deduct from their savings accounts a sum of money.
3. Balance of revenue and expenditure in the month
Once you have planned, you should take them seriously and periodically. Cut down on unnecessary and wasteful expenses. This will provide a very secure financial future.
4. Save 50% of other income other than salary
Many people will have a lot of other income and expenses apart from fixed wages. Therefore, you should save at least 50% of these earnings apart from salary.
5. Fixed weekly expenses
Each week you should have a fixed spend for that week. This will help you control not spending too much money.