GM Trendy Hiverzzz, A tight budget is a problem for almost 90% of middle-class people because poor people do not have any budget, and the rich do not feel the impact of fluctuations in their budget.
However, the middle class remains affected, and these people face a tight budget every time. For middle-class people, every penny counts.
So the question arises: Is saving money possible with this tight budget? The answer is yes. So even if you have limited funds, you can still save the money; just smart planning is needed.
Let me break it down for you.
There should be a simple habit, and that is tracking your spending, and for that, you do not need any technical knowledge or analysis tools; it is just simple.
You can just use a pen and paper and write everything for 7-8 days, and then you can easily know where the money is going.
You know what will happen?
When you are writing your daily spending, you can actually know where your money is going, whether you are drinking coffee or having late-night snacks.
It can be anything. After you see your daily spending, you can get awareness, and next time you can adjust your expenses very easily.
Now your first step has been completed, so just cut down the extra expenses because they are unnecessarily consuming your extra money.
Let me start with the subscription. Do you have any application subscriptions, such as Amazon, Netflix, or anything that you are not using regularly?
If you are not using it regularly and if there is an option to pause, then pause it when you don't need it, or you cancel it if you rarely use it. This is just an example, but it can be anything.
When you eat outside, your spending remains higher always, and instead of if you cook at home by yourself, then you can save a big chunk of money.
It is not required to be a master chef to cook daily.
There are more solutions too, such as Automate Tiny Savings, Buy Secondhand, Trade, or Borrow, and Get Real About Wants vs. Needs. We will talk about these later. Salam namaste, take care.
"Dream is not that which you see while sleeping, it is something that does not let you sleep." - Avul Pakir Jainulabdeen Abdul Kalam 💪
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