A good practice is to keep savings aside .
This will make it easier to “forget” about that amount of money and avoid spending it on something that may prove futile or useless in the future.
To save money quickly, therefore, you need to separate the money intended for your current expenses from the money you want to set aside. This can be done by having a dedicated savings account. This way you can minimize the risk of drawing on your savings funds for everyday expenses. On the contrary, it is extra motivation to stay on track with your daily budget while keeping your savings away from temptation!
Learn about other financial best practices
#25 | Be conscious of what you spend
Payment awareness is critical. Very often you buy a lot of things using installments or financing, so you have to be aware of what you are paying month after month.
Good financial advice #24 | Learn to say no
Have you ever found yourself self-imposed a spending limit beyond which not to go, so you can manage to save money at the end of the month? It is certainly not easy to make all the accounts add up.
Perhaps it may help to start using a magic word: no.
Good financial advice #23 | Buy without credit cards
The credit card has the virtue of making people pay for things in a deferred manner, but so it is not possible to have full control over purchases and thus monthly or weekly outgoings. If you want to be in control of your spending at all times, make payments and purchases with your debit card.
Follow us on our social media
