Saving is more effective when you have a goal. So, setting a weekly or monthly aim could be very useful. In this way, you will be able to see if your set goal needs adjustment. Try to be realistic and do not set a goal you cannot achieve. It will become a let-down and motivation is key when it comes to reaching them. So, keep in mind you need to be down to earth.
Once you have worked out the amount of money you would like to start saving, you can move on to the second tip. As soon as you get your monthly payment, you should put aside the money for your savings first. In this way, you will ensure that it is neither forgotten nor neglected. In third place, you should make sure you cannot withdraw the money you have saved so easily.
If saving is a hard commitment, look for a bank that is not close to you
ATMs may charge you for withdrawing money, so you will surely avoid them. The fourth tip has to do with using cash only. If you only use cash, you will be aware of all the money you have spent. The feeling is much more realistic when you see the money going down the drain. After this trick, the next one is to take advantage of all the discounts supermarkets may offer you.
Besides, if you happen to have an unexpected payment or extra money, you should send it straight to your savings account. In this way, you will be extra motivated when you see the surplus. Not only will you meet your goals, but you will also exceed them. It will definitely boost your confidence.
Do you think you are too old to have a piggy bank?
Every now and then, check your purse or wallet and take out all the coins you may have there. Put them in a piggy bank. It is true that they are a burden and they are uncomfortable when there are too many. This will be another source of extra savings. Tip number eight has to do with saving increases. At least once a year, you should revise the amount you are putting aside and add an extra 1% at least.
The ninth one will be about making your savings automatically. If you do it on your back app, it will be easy and fast. You will never forget it and it will be good if you are feeling reluctant to keep saving for a while. Finally, if you want to go fast, go alone. But if you want to go far, look for a partner to keep saving at the same time. Support is essential, not only in saving but in everything in life.