Shaf
Verified member
For most of us, savings form a small part of our budget, for most people no more than 10% of each payment.
If you want to increase your savings, you have to be practical about it and looks for ways to make things work. An easy way to do so is to increase your earnings, this increasing the savings, but that is not easily achievable.
Cutting down on your expenses might be a much easier way to do so. You start this by making sure you have a budget for at least three months where you plan how to spend your income. With three budgets minimum, you can see a pattern of how you spend your money and whatever is unnecessary that can be removed.
If you can't cut some things out completely, you can look for cheaper alternatives that will still serve the same function.
If you want to increase your savings, you have to be practical about it and looks for ways to make things work. An easy way to do so is to increase your earnings, this increasing the savings, but that is not easily achievable.
Cutting down on your expenses might be a much easier way to do so. You start this by making sure you have a budget for at least three months where you plan how to spend your income. With three budgets minimum, you can see a pattern of how you spend your money and whatever is unnecessary that can be removed.
If you can't cut some things out completely, you can look for cheaper alternatives that will still serve the same function.