This topic is given to me by my friend named, Pauline. Because I love this girl, though I know that I am not a perfect fit to write an article about this topic for I'm very "burara" when it comes to money. Well, I might learn from my own article! hahahaha...
Do you agree if I will say saving money is much easier when said than put into action? Money is the only thing that is very hard to keep. You can keep a promise but not money. lol. But kidding aside, the most challenging start - up for people planning to save money is to spend less! Keep track of your expenses, how much money will you save and where will you put your money while making sure that it stays there? Let's learn together on how to save money wisely...
The very first thing that you have to consider before anything else is "CLEARING" all your debts.
I understand that it's hard to clear debts especially if there are a lot of things happening that are unexpected. To avoid unexpected debts due to unexpected issues, make sure that aside from saving extra money, you are also putting something aside as emergency funds. It is very useful when there are emergency expenses so, there is no need for you to use your savings or worse borrow money.
Set SAVING GOALS
Your goal can be short term. Let's say you want to buy a laptop. Search for available laptops online and in offline stores and check for prices. For long term on the other hand, needs a very deep thinking... Long term includes retirement, so it needs to have a lot more planning, and you'll also need to figure out how investments will help you achieve your goals.
Set TIME FRAME
Set a date when is it possible for you to achieve a specific ammount for you to buy your laptop, etc.
Figure out Weekly/Monthly savings
Calculate how much will you save in every week/month for you to figure out how much will you start saving. I suggest the same ammount of savings per month.
Keep track all your EXPENSES
Your savings will be base on two things - how much you make and how much you spend. Since you have nothing to do for your salary, you have to take control of how much you spend. It's smart to take a look at what you are spending. List down all your expenses and manage to lessen them.
Keep a small notebook with you at all times. Record all your expenses and save the receipts... Have them summarized in a final expenses paper (Can be a big notebook or a spreadsheet program).
Your GOAL
After some couple of months, you can surely buy your Savings GOAL. Make it your inspiration for your next plan.. =))
Do you agree if I will say saving money is much easier when said than put into action? Money is the only thing that is very hard to keep. You can keep a promise but not money. lol. But kidding aside, the most challenging start - up for people planning to save money is to spend less! Keep track of your expenses, how much money will you save and where will you put your money while making sure that it stays there? Let's learn together on how to save money wisely...
The very first thing that you have to consider before anything else is "CLEARING" all your debts.
I understand that it's hard to clear debts especially if there are a lot of things happening that are unexpected. To avoid unexpected debts due to unexpected issues, make sure that aside from saving extra money, you are also putting something aside as emergency funds. It is very useful when there are emergency expenses so, there is no need for you to use your savings or worse borrow money.
Set SAVING GOALS
Your goal can be short term. Let's say you want to buy a laptop. Search for available laptops online and in offline stores and check for prices. For long term on the other hand, needs a very deep thinking... Long term includes retirement, so it needs to have a lot more planning, and you'll also need to figure out how investments will help you achieve your goals.
Set TIME FRAME
Set a date when is it possible for you to achieve a specific ammount for you to buy your laptop, etc.
Figure out Weekly/Monthly savings
Calculate how much will you save in every week/month for you to figure out how much will you start saving. I suggest the same ammount of savings per month.
Keep track all your EXPENSES
Your savings will be base on two things - how much you make and how much you spend. Since you have nothing to do for your salary, you have to take control of how much you spend. It's smart to take a look at what you are spending. List down all your expenses and manage to lessen them.
Keep a small notebook with you at all times. Record all your expenses and save the receipts... Have them summarized in a final expenses paper (Can be a big notebook or a spreadsheet program).
Your GOAL
After some couple of months, you can surely buy your Savings GOAL. Make it your inspiration for your next plan.. =))
