How to Save Money Wisely? Top 10 Personal Saving Tips and Tricks

 

money management, personal saving and best money saving tips

No.1. Automate your investment

Reason: You tend to spend money.

How to Invest: Motivation can not save your money, so open auto debit but different account, your investment money will be transfer automatically to that account.

No.2. Non spending day:

Make a non spending day after 1 week or 15 days, it will learn you the value of money. You will learn how to live without money.

No.3. Use credit card when you have 100 % Money pay back

No.4. Make a shopping list

Reason is when you go to shopping mall or Amazon or online apps without shopping list you buy unnecessary things that will not good for your savings.

No.5. 30 day rule

If you want to something big wait for 30 days and see is this thing necessary for me. You will realize that thing is not important for me.

No.6. Prefer renting over buying:

For example you want to go wedding, you have no car, you buy a car its a waste of money if you use that car only one to two times a year. Meaning is don’t buy that product that you use less times a year.

No.7. Buy bigger size of everything:

Reason is when you things or products in bigger size, the price of that products are less as compared to small and medium products. For example: washing powder, oil, home use things etc…

No.8.Buy online in incognito or safe mode:

Sometimes websites watching what your desires what you want to buy, if they know they will tease you, again and again ads showing you for that product or service that you left on that websites.

No.9. Repay loans as soon as possible

No.10. Build a financial budget

Buy a diary and write on daily bases, what I buy today, what should I not to buy.

No.11. Buy life insurance as soon as possible (Gives you freedom)

No.12. Use deal and discounts.

Don’t be ashamed of using deals and discounts. Its a secret way of saving money.

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