THERE IS NO REASON FOR NOT SAVING!
Who did not want to have any savings? I also want to. The problem is, my money always runs out
“Not to mention the children asked for new shoes”
“I also need to buy this and that.”
“Ah, I am not talented in manage a money...”
The words above may be familiar to you, or perhaps your own experience. You want to be able to save money, but in practice, it is hard to do. You always run out of money at the end of the month so it can not be save. Are you someone like that?
Do not be discouraged. Everyone will almost certainly experience it. Saving (investing on a regular basis) is often done for various purposes. However, if you set aside money on a regular basis, then the money you collect can be very useful.
Someone who has income of $1,000 per month, for example, after a year of savings account balances only $200 in his account. Once asked why the amount of his account balance only $200 after working for a year, he said his income often wears out in a month. So, he could not save.
Actually, if he would save $100 per month, then at the end of the year he will already have an account balance amount of $1,200, plus interest.
Is this situation familiar enough in your ear? Or, do you also experience it?
IMPROVE AND PRESSING
I will lay out a way for you. If you always spend your money first, so it's always run out of money to save, why now you do not reverse the process?
When you get your paycheck on the 25th, set aside some money for your first tube, then the rest is spent. If you do it regularly, then after a year, you will already have a balance in large quantities.
When you do that, then you are no more excuses for you not to save. Well, maybe you could be reduced your money spent. But that's the consequence: You need to have some funds in reserve for your future.
For example, once your income is $1,000per month. At first, you usually spend $100 until the end. Now, with your deposit $100 per month in advance, then you only stayed a total expenditure of $900 per month.
If you feel the amount was not enough, then you must do one of the three options below:
1. Increase your income. In the example above, the income of $1,000increased to $ 1,100. With your fixed deposit $100 , then you are no longer spending $900, but returned to $1,000.
2. Pressing your expenses. In the example above, you are willing to push your spending that was $1,000 to $900.
3. Do both, ie, increase revenue while lowering the cost of living. In the example above, you can increase your revenue to $ 1,100, and push your spending to $900. Thus, you actually have an even greater difference for saving!
It's up to you, which of the three ways did you want to select. Most importantly, you must accustom yourself to save money. In this case, if you're having trouble saving for the reason always run out, then you can save money in advance so you get an income.
Always remember : You need a reserve fund for unexpected times in the future.
WHERE TO SAVING?
There are many options that you can use as a place for saving. One of the most popular place is the bank. Excess funds in saving in bank is that savings can be taken whenever you want. The downside is, the savings in the bank generally gives only a small interest.
In addition, you may also save money by buying gold. If you are saving for, say, $200 per month, you might be able to buy gold whose numbers correspond to the value of money you save. At this time, a lot of gold coins available that can be bought
.
As an alternative, you can also save money in the form of investments such as Mutual Funds. Mutual Funds are a form of investment where the money will be managed by a team of Investment Managers to invest in a wide range of investment products. To be able to invest in Mutual Funds, can be started with minimum funding requirements.
Obviously, there are some options if you want to save. Why not get started?
2 comments:
I like the idea of saving money through Mutual Funds. Your money will not just stay in one place, but be invested without having you to make too much effort. I guess the interest of this is quite good as well.
Nice article about saving but increasing income is important before saving.
thnax
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