Savings is basically synonymous to lowering your cost of living, can lowering your cost of living helps in savings or there are other factors that determine it?
The best strategy for saving money is to always save a percentage from your paycheck and save it to an account you don't have access to, this will help enforce your savings, savings also depends on your goals, there are times you need to be aggressive with your savings, maybe you need to cover an exRead more
The best strategy for saving money is to always save a percentage from your paycheck and save it to an account you don’t have access to, this will help enforce your savings, savings also depends on your goals, there are times you need to be aggressive with your savings, maybe you need to cover an expense or you need to make an emergency payment.
There are different strategies to choose from depending on your savings goal, generally it’s important to save part of your paycheck monthly.
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I prefer to save my money in a savings account and then move my bills expenses to an external wallet I have access to all the time, I noticed that when you save money in a savings account you don't have access to it's easier to grow your savings. Keeping money in a wallet rarely helps because you haRead more
I prefer to save my money in a savings account and then move my bills expenses to an external wallet I have access to all the time, I noticed that when you save money in a savings account you don’t have access to it’s easier to grow your savings.
Keeping money in a wallet rarely helps because you have access to it at all times, another option to explore is automatic savings, I don’t know much about it though.
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