How to save money

You might be having issues with spending your money anyhow and you wish to have a saving plan, this article is for you

One thing is that you might have tried hard saving but expenses do come up, expenses like school fees, your car might be faulty and needs to be repaired and many other stuff do make saving up to be an issue.

Well there are many ways you can come up with saving money and don't worry we would surely help.

How to save money

• You need to set your goal right:

The first thing you need to do is to set your goal right. Setting a saving goal would help you to stay focused.

To set those goals, you have to get a budget. Setting a budget would help you stay on track, you fix a price that is nice, and within those period of time you are not exceeding this amount for your expenses. Doing this would help you to reach your money goals sooner.

• Do away with debt:

Debt is another issue that affects saving. If you are trying to save money you have to do away with debts.

To do that you have to pay off your debts in order, from the smallest to the largest.With proper focus and determination you can do it. Without cutting of your debt, saving would be an issue for you. Cut your debts first

• Buy what you need in Bulk:

One of the way to save your money is to learn to buy in bulks.

Always buy your goods in larger quantity, this would reduce spending money on buying goods bit by bit and unecessary spendings.

• Reduce spending on shoppings

Yes it is good to get new things, you love to buy new clothes, shoes to look good? Yes all this are good but too much of this is really bad. You have to do away with shopping too much. Do with what you have and watch your savings grow.

• Eat at home

Might sound funny but yes, learn to eat at home. Eating at different expensive resturants might spoil your savings plan. Learn to prepare food, pack it and eat. This would help minimize the way you spend money.

• Automatically transfer funds from your main account to your savings account:

Now banks have come up with an option whereby you can transfer funds from your main account to your savings account. Doing that would minimize your spending and maximize your savings.

• Data subscription:

Everyone does this all the time. Reduce the amount of money you spend on data subscriptions to watch the internet. Unless you are making money online and you would surely need subscription regularly.

Once you learn to reduce the way you subscribe then you watch your savings grow.

• Learn to say No:

Once you learn to say no to your wants, you would watch your savings grow. You have your needs and your wants. Your needs is more important than your wants.Learn to say NO.

Once you do all of this with great determination and focus, you would watch your savings grow more.

Komolafe Peter Adedayo

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