Whilst saving is simple for some people,to others it remains a mystery. Especially when you’re just starting out with no financial advisor or books to help you cross the line.
I must admit in my own life how I messed up the idea every time. Just when my savings were growing I withdraw everything, and to my dismay I would be left with nothing in my account. But with few tricks and tips, I am better off. Let me share with you how I made it and what I have learnt.
Have a timeline.
How much do you want to save?,how much should be set aside every month to reach that goal?. Having a timeline is a way to save easily and enjoyably.
Example, let assume you want to save $12000.00 in a year. This means you would have to set aside $1000.00 of your income monthly to reach your goal. That’s it,create a timeline for your savings.
Use a separate account.
Using a separate account for your savings is a great way to track your progress. Do not combine your savings with your ordinary account. Make it separate, make it your savings account.
Make it automatic.
Instead of trying to determine how much you will put aside every day, week or month. Make it automatic by determine the exact amount you want to set aside every month and connect it with your bank account. Ask your bank service providers to connect your savings account to your main account,in this way ,the money is automatically sent to your savings when your paycheck hits.
Get a savings buddy.
This may sound absurd,but trust me it works. Getting a saving buddy ensures accountability towards each other.
In general.
Savings can be made simple and fan. Creating a timeline, using a separate account and getting a saving buddy are all great ways of making savings simple and enjoying.
Leave a comment below, share your idea. Your contribution are welcome. I am a freelance writer on the topics, Christianity and Finance.
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