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
Good financial advice #22 | Watch less TV
Television is definitely a source of shopping inspiration, advertising unfortunately stimulates and ignites cravings and needs and pushes us to buy perhaps unnecessary items.
Good financial advice #21 | If you can buy it twice you can afford it
Shopping is an activity that has become easier and more fun over the years. Shopping, online or offline, has never been easier. This over-simplification of the purchasing process, however, hides some dangers that may lead us to not think through the purchase and thus overrun our budget. Here are some simple but useful tips to avoid crazy purchases.
Good financial advice #20 | Read a financial book every year
Reading to be more informed and to understand what strategies to adopt in managing personal finance and what mistakes not to make is the first step in increasing our knowledge.
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