moonchild
VIP Contributor
Saving money is not always easy I will even argue that it is not easy at all, especially when you have bills to pay and other expenses to cover or you have a family. it takes a lot of self discipline to make it happen, you need to be highly conscious on it to make it a success.
The first step is to set a realistic goal. decide how much you want to save and by when there is a lot of power in decisions, so it is good to harness it's power. It could be for a fees payment, a down payment on a home you really like, or buying a sport car. but whatever your goal is, make sure it is achievable and has a specific timeline so as to keep you fired up.
Then you'd have to create a budget that fits your saving goals. review your income and expenses, and identify areas where you can cut back to make your saving goal a reality. this should not be hard and could be as simple as cutting back on eating out or canceling a subscription you no longer use and then, channel a portion of your income towards your savings goal each month.
Automating your savings is also a way to give it a go because you don't even have to see the money or put them in savings yourself. set up automatic transfers from your normal account to your savings account each month.
Another way to reach your savings goals that people don't talk about is to make small changes in your daily life. gor example, instead of driving your car buying fuel you can take cheap public transport. little savings can add up over time and create the magic for you, you do not even have to give up the big thing
The first step is to set a realistic goal. decide how much you want to save and by when there is a lot of power in decisions, so it is good to harness it's power. It could be for a fees payment, a down payment on a home you really like, or buying a sport car. but whatever your goal is, make sure it is achievable and has a specific timeline so as to keep you fired up.
Then you'd have to create a budget that fits your saving goals. review your income and expenses, and identify areas where you can cut back to make your saving goal a reality. this should not be hard and could be as simple as cutting back on eating out or canceling a subscription you no longer use and then, channel a portion of your income towards your savings goal each month.
Automating your savings is also a way to give it a go because you don't even have to see the money or put them in savings yourself. set up automatic transfers from your normal account to your savings account each month.
Another way to reach your savings goals that people don't talk about is to make small changes in your daily life. gor example, instead of driving your car buying fuel you can take cheap public transport. little savings can add up over time and create the magic for you, you do not even have to give up the big thing
