5 Things To Do This Year For More Saving
No matter how much money we have or how much money we make every day or every year, it is important that we cultivate the habit of saving. It might seem to be a very safe and boring thing to do but you never know what life might throw at you and it is always good to be prepared. Saving is not a very difficult thing to do and by starting small all of us can save a lot of money. Here are some things you can do this year to start saving or save more money that you did last year.
1. Put away a part of your earning and do not take it out
Take a part of your savings that won’t hurt you too much in terms of monthly expenditure and put it in a bank. When the amount is negligible you won’t realize that it is leaving you and you would also be pleasantly surprised when you find a substantial amount in your bank account after a while. You will also have to exercise restraint and make sure that you do not spend the money that you have put away for saving.
2. Cut down on your impulsive shopping
You would be amazed at the amount of money you save when you cut down on your impulsive shopping. Stop shopping for things that you really do not need or things that you will not eat. The amount that you sped n these things might seem to be small but in the end will add up. Stop filling up your closet to the brim with clothes that you do not wear and learn to get around with few essentials. You will not only save money but also time. Less clothes mean less time deciding on what to wear every day.
3. Be careful about what charities you donate to
If you are the extremely generous kind, you might be giving away a lot of your money to as many charities as possible. There may be times that you do not have enough money left to give to the really important ones. Choose which charity needs your money the most and save the rest of the money. Instead of giving away your hard earned money to charities that squander them, save that money and use it for something else.