"Want to get rich quick? So live frugally!”
The sentence is often spoken and stored in the minds of all people, unfortunately it is not easy to apply. Many people want to live frugally by cutting down on monthly expenses, but the temptation always comes so that they don't often pay for something meaningless.
Apart from that, maybe you have a disturbing feeling that you have to set aside some money for an emergency. However, when the economic conditions are like today, it turns out that they have completely squeezed the cost of living, so saving can be an extra tough struggle.
What is the method so that you can save without forgetting to pay attention to other life needs? What are the ways to live frugally and fight temptations that can drain your financial situation? just look at the following 20 methods of saving money! Also Read: 12 Guidelines for Changing Wasteful Routines into Economical Routines
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1. Learn Discipline in Controlling Money
Controlling finances is not difficult, but it requires a description of the financial designation. It's good to know what coins flow, ROI, IRA and so on are. Thus, the understanding to live frugally is greater. No need to read novels, all financial terms can be learned directly for free via the internet.
2. Create an Alternative Account
In fact, it's not that hard to hide money. Not bad to create an alternative savings account without accessing an ATM card. Every time a savings account receives monthly income, immediately switch a certain nominal to an alternative savings account or just activate the automatic switch option so you don't have to bother sending manuals.
So that the money in alternative savings is not used at all, print a savings novel every four-five months. Every time you receive a bonus, make a direct deposit immediately and if your monthly income increases, it means that the nominal deposited must also increase.
3. Record Expenditures and Assessments Periodically
Don't just pay attention to income, try to pay attention to expenses. Take paper and pencil, then record all expenses in a month. Try an in-depth analysis of all expenses and find out if there are areas that can be suppressed or removed because they are meaningless. Squeezing monthly expenses is a very efficient method of saving money.
4. Find Friends or Family Members Who Have One Vision, Absolute Partner Support Required
To be more enthusiastic and controlled in an effort to save expenses, ask for support and position and accomplice. A housewife must connect all family members to feel a frugal life. With the involvement of all parties, the monthly expenses are easier to control.
5. Stay away from sudden purchases
Don't buy something suddenly or outside the monthly expenses post, especially if you don't have the temper. Making money for things that don't mean anything because of the temptation to wash the warehouse is part of the waste. Don't make decisions that end in regret.
6. Pay cash, stay away from unnecessary debt
The positive result of the arrival of a credit card is that you don't need to carry a lot of money when shopping. However, the negative result for the card owner is that debt accumulates due to uncontrolled consumption. In order to be financially comfortable free from credit card viruses, it's better not to put it in your wallet and pay for everything with cash.
7. Consider Buying Leftover Items
Are you often tempted to buy certain items that are not part of the expense item? That's fine, but consider buying leftovers rather than new. The price of leftovers or 2d is much cheaper and affordable, the quality depends on the accuracy of the prospective buyer when making a decision.