Who said saving money every month is difficult? It is not! It is only necessary that you know your financial status well and learn to prepare your personal budget .
Prepare your personal budget
When preparing your personal budget you will not only know what your total income is and what you spend it on; It will also let you know how much money you need each month for your indispensable expenses.
This way you will know that the remaining money can be used for savings. If not everything, at least a percentage of this amount.
Trace realistic goals
If you earn a salary of 2,000 soles and want to raise S /. 10,000 for a trip , the initial of a car , etc. It is not consistent to think that by saving 400 soles per month you can achieve the goal in 5 months. Ideally, be clear that you will be able to collect the amount in 25 months.
The time may be shorter if there are months in which a higher percentage of savings is allocated or if you enter your money into a fixed-term savings account that generates interest, but only under those conditions.
To motivate you, you can set a lower goal, such as achieving S /. 2,000 in the next 5 months. Reaching this goal is possible thanks to the 400 soles that you have decided to save each month, reaching the goal will help you continue saving to achieve your final goal.
Search for offers
One of the ways to save at home is through offers. Up to 10 cents can make a difference! To save on grocery expenses, the ideal is to look for offers in supermarkets or go to local markets.
Taking the time to compare prices will allow you to save a few soles.
Save on service expenses
It is also possible to save on service costs such as electricity and water. It’s very simple! Start by reducing the time in the shower or not leaving the pipe open when you brush your teeth.
Turn off the appliances when you don’t use them and don’t leave the TV connected if you won’t see anything in it. The account of the month will be reduced and you can save the money you have left.
Search for extra money
There are many ways to get extra money to contribute to monthly savings and improve your finances . Cheer up for activities such as catalog sales or offer the sale of an attractive product for the consumer. There are many profitable businesses that do not imply that you quit your current job.
With these tips I am sure you will save every month without problems. Have discipline and you will soon have a good savings fund! You will enjoy Good Finance economically.