Augusta
VIP Contributor
You need to know that saving money is meant for all income earners whether you are a low income or high income earners you should imbibe the culture of saving. Saving money is beneficial to everyone as such it shouldn't be for some specific kind of persons.
So how can you save money even on a small income
1.Start with the 25% cut for saving: A lot of people adopt this method whereby when once they get their salary the first thing is to deduct a 25% of the money to save. Do this first when once you get your pay
2. Adopt the 30 -day rule: This rule states that if you have a major thing that will cost money to buy you wait for 30 days to be sure you really need it before buying, you might realize before that day that you don't really need that thing you wanted to buy and you would have saved money.
3.Have a savings account: Now to show that you are serious to save even when your little income, open a savings account that you can use for your savings. It wouldn't be ideal to save at home you might always be tempted to use it. so have an account to deposit your money.
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So how can you save money even on a small income
1.Start with the 25% cut for saving: A lot of people adopt this method whereby when once they get their salary the first thing is to deduct a 25% of the money to save. Do this first when once you get your pay
2. Adopt the 30 -day rule: This rule states that if you have a major thing that will cost money to buy you wait for 30 days to be sure you really need it before buying, you might realize before that day that you don't really need that thing you wanted to buy and you would have saved money.
3.Have a savings account: Now to show that you are serious to save even when your little income, open a savings account that you can use for your savings. It wouldn't be ideal to save at home you might always be tempted to use it. so have an account to deposit your money.
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