What are the best saving tips you know ?

in #money5 years ago (edited)

View the original post on Musing.io

When a person works to earn a money reward either at the end of each day, week or month and does does not save up or he is not able to save, of what benefit is it that he/she works?

Saving a part of one's income should be considered a way of life!

Something seen as a way of life is done consistently and compulsorily, so is SAVING.

At the same time, it can be very hard to save if one fails to be self disciplined.

Tips I Found Helpful:

  • Standing Instruction On Bank Account;

    As a salary earner, I placed a standing instruction on my salary bank account.

    Over time, this has helped me to keep up with saving because at the end of every month, a part of my income I've chose to save is deducted as soon as salary is paid into my bank account.

    Realistically, this tip can work for anyone and everyone, it makes saving pretty easy.

    Do note that this kind of saving attracts a little percent interest monthly as well, so it's fun doing this.

  • Re-invest Your Crypto Earnings;

    You reading this in a way tells me that you're a crypto earner, so what do you eventually do with your earning, you spend it all because you consider it a "free money"?

    There are banks on the steem blockchain you can entrust your savings on that have now made it easy to invest and reinvest your steem earnings. If you are reading this and you do not know any of those banks and you want to know, you could simply communicate with me in the comment box.

  • Live Simple

    Living a simple life means:

    Not spending on what you don't need.

    It's as simple as that!

  • Choose Your Friends Wisely

Bad association spoils useful habits, says a Book of Wisdom.

The kind of friends you keep could help you keep your budgets and spending in check and vice versa.

You should stay away from associates that will want to cause you to always go after trending stuffs in the mall or that cause you to compete. Such friends should be avoided and you should stick to those ones that will support you to keep up a good saving habit.

Best regards,

Samal.

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Nice tips, this gon be quite, helpful, practical enough especially at this dip period

I appreciate your compliment.
Thank you dear.