We are always advised by our parents to save money and most of us don’t even try to. Most of us don’t even know how to save money. Today we bring you some quick tips on how to save money. Saving money can be hard sometimes if you have a big social circle like I do, but then again it’s you who is going to get the benefit out of it. Learning how to save money is also an art, which literally no one now a days know. So I thought how about I do a little thinking and experimenting so we could give you some good tips on how to save money. Here’s how..
1) Don’t just take money out of your wallet:
Don’t take money out of your wallet to buy your favorite product anytime you need, keep a budget. Go accordingly. Think about how to save money before you even start spending. My best advice will be to always keep a very little amount of cash with you. This helps you reduce your expenses.
Also Read:7 WAYS AN AVERAGE STUDENT CAN EARN MONEY
2) Compare the quotes and go for the effective one:
Don’t do Ennie Minnie on what you have to buy. Always think with a cool mind and also think accordingly with your budget. You don’t have to buy what you see first. Try to control and this is you one step closer on learning how to save money.
3) Be responsible for each penny you waste:
You ARE responsible for spending your parents money, or even if it’s yours, you definitely need to learn how to save money. Wasting will only result in you roaming around empty pockets and you wouldn’t want that right? Yeah, neither would I.
4) Open up a bank account for your best interest:
The best and the most effective way to Save money is by opening a bank account. Come on, it’s 21st century. Everyone keeps plastic money. Yes of course ATM cards, genius. Keep all your savings stashed up in your bank account and keep very little cash in your pocket. You don’t have to show off your bloating pockets to anyone. Chances are, most people don’t even care. Learn how to save money.
5) Resist temptation of using the amount in your bank account:
You finally became wise enough to put your money in the bank but if you plan on spending all of it again cause you see it in three, four or five figures? Well that wouldn’t be so wise you see. There’s wasn’t any good in learning how to save money if you have those intentions. Try resisting the temptation.
6) Control your excitement to save money:
Don’t you get excited when you see a really nice watch? Smell a really nice perfume? Of course you do guys, but controlling it is what will lead you to learn how to save money. All of these tips are all about controlling.
7) Focus on needs not desires:
There’s a really really big difference in what we need and what we want. You didn’t die when your parents didn’t get you your favorite toy when you were a kid, but you would have died if they had stopped giving you food. Think about it. Your parents were also probably thinking about how to save money at that time and that is the reason you have everything you need.
Share Us if you like Us