(6) Ways to save money even for the lazy

(6) Money-saving tips for the lazy
(6) Money-saving tips for the lazy

(6) Money-saving tips for the lazy and fun-loving alike

Most of today’s young people worry whenever they think about saving money.

In an age where there are plenty of things to buy and new shops to go to, if you don’t spend anything, it’s true that you’re out of date.

Therefore, young people think that saving money is a boring job.

Here are some ways to save money without having to cut back on spending a lot.

(1) The 20/80 rule

If you are going to use that method, you must prepare the following points. -You must be free of bank debt and other debts.

You must be able to invest in a small business and save approximately 20% of your salary.

The remaining 80% of your salary is yours to spend however you see fit.What you need to remember is to think about saving first, rather than spending.

Only the remaining money should be used. If you still find it difficult to save 20% of your income, start with 10% or 5%.

Only then will the habit of saving money begin.

(2) 60/10

This method is 60% for your monthly expenses; 10% for your retirement; and 10% for long-term savings.

Simply set aside a portion of your monthly income for savings.

During your stay, you can spend up to 60% of your income on monthly expenses such as food, utilities, travel, and clothing.

Car expenses, house exterior expenses, debt payments, etc. must be used from long-term savings.

This is why I leave a thousand percent of my money for things like going to the doctor when I’m sick, fixing my car, and birthdays.

If you have current debt to pay off, you can use 10% of your savings for retirement to pay off debt.

(3) The 10% method

This method is simple. You only have to save about 10 percent of your salary, so it won’t affect your travel, dining, and shopping.

If you don’t save a penny, you should save about $1000 per month.

If you are worried that you won’t be able to afford it, you should save that money in the bank every month.

(4) The half-three-quarter group method

This method is to divide your monthly income into 2 parts, using 1 part for daily needs and putting the remaining 1 part in the bank at the same time as you get paid.

It’s not as easy as you think to spend only half of your salary for a whole month.

But don’t worry. If you’re out of pocket, you can use the bank every bit.

However, it needs to be spent on content that is really needed.

This method will be really useful for those who wash their hands.

(5) The four-envelope method

First, calculate your exact monthly income. Then set aside your general expense amount.

Once you’ve done that, if there are things you’ve decided to buy this month, set aside the money it will cost.

Save that money if you don’t have anything special to buy.

That amount should be 10 to 20 percent of your month’s income.

Now here it is. Divide the remaining amount into four parts and put them in four envelopes. Then you have 4 weeks’ worth of envelopes to use each week.

During the week, only use the money in that envelope to go to the movies, go out, etc.

You can’t use more than the amount in the envelope. It’s a good way to use it for those who run out of money before the end of the month.

(6) Method of childbirth

It’s an easy and simple method. It’s a good way to divide the money that was used in families in my grandmother’s era.

Separate the items that you will spend money on in a month into each section. For example, food, phone bills, clothing, medicine, travel expenses, entertainment, etc.

Divide your monthly income according to the number of sections above.

Put each picture in different envelopes and label the envelopes. Spend the cost according to that envelope.

The important thing is that once you run out of money in each envelope, don’t use it from another envelope.

For example, if you already have money in your wallet for pleasure, put the pleasure on hold until you get another paycheck.

However, if you need to spend money on food, for example, you can use it from an envelope that is not very important.

Now, out of the 6 ways above, what would be the best way to save money for you?

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