- Saving enough money is one of the biggest challenges anyone would face
- Due to the rising prices of some necessities, keeping your money intact is quite difficult to do
- Thankfully, there are some effective ways to save enough of your hard-earned money
Saving money is one of the most difficult things to do. Thanks to the riding cost of our necessities, growing your money or even just keeping it in the bank is quite hard to achieve.
Luckily, there are some tipid tips that many people have tried over the years which just might work for you too. Take a look at some of them:
1. Keep your money out of your sight
If you can't see it, then is it actually there? Keeping your money out of visible reach would be able to prevent you from spending it. If you could keep it in the bank, leave your ATM card at home, and just have enough cash to spend on your daily needs, then you'll be able to keep your extra cash safe and sound.
2. List down what you spend
Seeing where the bulk of your money goes will help you budget it in the future. Spending too much on food? Then adjust your daily budget to a reasonable amount. Is the bulk of your income going to unnecessary things such as vices or shopping? Then cross it off your list so that your hard-earned cash could be spent on something more important.
3. Say no to cards
Keeping cash in your pockets instead of cards could save you from the "spend now, pay later" mentality. If you only spend whatever amount of cash you have in your pocket, then you won't have any debts to pay in the foreseeable future.
4. Divide and conquer
Segregate your money into where you spend it. Keep them in envelopes or jars and label them accordingly to keep you from making any unnecessary purchases.
5. Don't spend
Of course, you won't do this all the time. Schedule several days each month where you won't spend on anything (except for really important things like transportation and food).
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