Am back again, in my last blog I told you how very important saving is, so now I will tell you various ways to save your money without it being a problem to you at all.Saving may not be as fun as spending but it doesn't need to be difficult. All it takes is a bit of planning and some self-discipline – and you’re on your way to achieving your goals.
Firstly, you have to make a budget for your self, know the amount of money you get at the end of every month and try to set aside a specific amount as your savings. In other to do this very well you have to know the amount of money you can spend in a month. Then you have to set up a goal for yourself working with a particular period of time, that is, what you really want to achieve within a period of time, it could be short term or long term just make sure your plans are best suited to you and your peculiar situation.
Secondly if you are a big time spender you have to try and cut down on your expenses, buy only things that are necessary and very important to you. I have this mantra "whatever I spend my money on has to be worth it", so I think very well before I spend my money on anything. This means, that you will have to forgo some pleasure.
Thirdly Set out a saving plan, that is were exactly and how you would love to save your money. Money can be save in many ways,for those who are scared of banks, you can do self saving, (which was the practice back in the days) with the means of a piggy bank or tins or private corner that you can hardly get access to easily.
I
am sure each one of us can relate to having piggy banks in our earlier years,
from money gifts given to us by our uncles and Aunties.
When you save money in thing like this you would find it difficult to want to take the money from it to spend, because by the time you think of the trouble you have to go through to break them, you won't want to waste you time on it.
But using piggy banks means you will be limited as to the amount of money you can save. So its not really advisable for grownups.
After saving in a device like this, wen you know that you have saved enough money you need, then you would have to break it to retrieve your money.
Another way to save is to give the money to either a trusted
friend or to your mum or anyone who you trust that can keep the money for you
and not spend it. Such people will never give you the money until you actually
need it. This method of saving works well for people who are not very
disciplined. Such people even when they keep the money in the bank will find a
way to go and withdraw it at the slightest opportunity.
For me the best means of saving is by opening two accounts, one would be for your saving and the other for your expenditures. And both accounts should be opened in two different banks to prevent you from having easy access to them. And again it should be a well recognize bank to avoid problems.
Also try to make sure you savings account does not have an ATM card which would make it more difficult to go withdraw anytime you like.
Note this, a person mind set controls every activities he or she does in life, so therefore your mind set towards money determine how well you can save. In other to effectively develop a saving culture you have to change your mind set about money and value it. Because when you value money you will spend it wisely. Every rich man in live save money and draws up a budget and keeps record of every penny spent, and also spends wisely and that is why they are who they are
today. You can never be rich if you don’t learn how to save.
Here is a secret on how to control your savings, when you have opened a saving account for yourself try and remove your mind from the existence of that account and make do with your expenditure account and try as much as possible to keep to your monthly budget so you will not be tempted to have recourse to your savings.
This are some tips you can follow in saving your money and if you have any comment, contribution and questions please fill free to add and ask thanks.
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