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How To Motivate Yourself To Have Savings?
To motivate yourself to have savings, you have to set clear savings goals. Having specific targets like saving for a down payment, emergency fund, or vacation can make your saving more motivating than just saving without any aim. You can also preset your savings. For this you have to set up transferRead more
To motivate yourself to have savings, you have to set clear savings goals. Having specific targets like saving for a down payment, emergency fund, or vacation can make your saving more motivating than just saving without any aim. You can also preset your savings. For this you have to set up transfer of funds automatically from your checking account to your savings account so that the money is saved before you can spend it.
See lessWay to save money as a student?
Saving is incredibly hard for a student because you're in school and there's a lot expenses abound, from buying textbooks, tuition, shopping etc, to save as a student you'll have to open another account separately and start putting some money into it. I think it's one of the most popular ways of savRead more
Saving is incredibly hard for a student because you’re in school and there’s a lot expenses abound, from buying textbooks, tuition, shopping etc, to save as a student you’ll have to open another account separately and start putting some money into it.
I think it’s one of the most popular ways of saving money, get a separate account you don’t have access to.
See lessShould you prefer paying off debt fist or save money first?
Though the two are worth doing but you should do the paying of debts because this one has to do with another person so you need to settle them first to avoid harassment or embarrassment from people of the person you are owing. When you are able to make all your debt payment you would be more settledRead more
Though the two are worth doing but you should do the paying of debts because this one has to do with another person so you need to settle them first to avoid harassment or embarrassment from people of the person you are owing.
When you are able to make all your debt payment you would be more settled to start saving. I don’t think it would make any economic sense to be saving money while you are owing and your debtors are after you for payment.
See lessWhat percentage of your income should you save each month?
I try to keep at least 10% of my income for savings. I know saving money comes with a lot of benefits thars why I tried to always save money no matter how small. So if I can't even keep much I try to keep at least 10% it would help in the long run. So between 10 to 20% of one's income should go to sRead more
I try to keep at least 10% of my income for savings. I know saving money comes with a lot of benefits thars why I tried to always save money no matter how small. So if I can’t even keep much I try to keep at least 10% it would help in the long run.
So between 10 to 20% of one’s income should go to savings for emergency and the rainy day’s. Because a day would come that you might just need extra money to run some things.
See lessThe benefit of having join account with my partner
Depends on the kind of partner whether it's your spouse or your business partner and how the business is structured, you can definitely benefit from having a joint account, like the ease of access, so if anyone wants to deposit or withdraw, you don't need permission. It can also promote trust amongRead more
Depends on the kind of partner whether it’s your spouse or your business partner and how the business is structured, you can definitely benefit from having a joint account, like the ease of access, so if anyone wants to deposit or withdraw, you don’t need permission.
It can also promote trust among the partners giving that they trust each other by giving unfettered access to the financial channel.
See lessShould I invest more money than I save or spend?
Balance is required in every aspect of life, right from eating habit to sleeping habit. Once we lose the balance, then we started facing problems. Similar we need to keep balance in investing, saving and spending. All these three are our requirement and mostly people have to do it. In my view we neeRead more
Balance is required in every aspect of life, right from eating habit to sleeping habit. Once we lose the balance, then we started facing problems. Similar we need to keep balance in investing, saving and spending. All these three are our requirement and mostly people have to do it. In my view we need to focus more on our savings because this remain our sure position. While in investing we may face marked loss too. While we spend money then we must also remain very careful and spend money where it required much more.
See lessHow to save money on clothing?
Here are some great tips for saving money on clothing purchases: - Shop end-of-season sales. Look for clearance racks and buy out of season items at a steep discount. This allows you to stock up for next year. - Check thrift stores and consignment shops in affluent areas. You can often find high-endRead more
Here are some great tips for saving money on clothing purchases:
– Shop end-of-season sales. Look for clearance racks and buy out of season items at a steep discount. This allows you to stock up for next year.
– Check thrift stores and consignment shops in affluent areas. You can often find high-end brands and items barely used for a fraction of retail price.
– Only shop with a list. Stick to items you need to avoid impulse buying and overspending.
– Look for discounts, coupons and cash-back offers to maximize savings. RetailMeNot and Honey can help find promo codes.
– Buy versatile basics and classic styles that will last for years vs trendy items that go out of fashion quickly.
– Shop your own closet first. Re-wear or repurpose what you already have before buying new items. DIY some custom fixes to clothing you love.
– Leverage loyalty programs and credit card rewards to get additional discounts or cash back on clothing purchases. Sign up for email lists.
– Follow your favorite brands on social media for exclusive deals or early access to sales announcements.
– Buy multi-packs of basics like socks, underwear and tees to get lower cost per wear. Stock up on staples.
– Take good care of your clothes to extend their lifespan. Make repairs immediately. Follow washing instructions.
– Rent or borrow clothes periodically for events to save on specialty or formal wear. Share within your own social circles.
With some smart shopping habits, you can build an affordable, quality wardrobe that stands the test of time and trends.
See lessAt what levels should I start to save?
One can start saving money at any income level. It's important to create a budget, prioritize expenses, and allocate a portion for savings. Even small amounts saved regularly can accumulate over time. It's never too early or too late to begin saving.๐๐
One can start saving money at any income level. It’s important to create a budget, prioritize expenses, and allocate a portion for savings. Even small amounts saved regularly can accumulate over time. It’s never too early or too late to begin saving.๐๐
See lessHow can I save money on shoes?
Buy original shoes only, that's what I always do to save money. Also make sure anytime your shoes have minor damage, like a worn sole or scuff marks, consider getting them repaired instead of buying new ones.ย You have to learn how to clean and maintain your shoes at home using simple cleaning supplRead more
Buy original shoes only, that’s what I always do to save money.
Also make sure anytime your shoes have minor damage, like a worn sole or scuff marks, consider getting them repaired instead of buying new ones.ย
You have to learn how to clean and maintain your shoes at home using simple cleaning supplies, which can save you money on professional cleaning services.
By doing this, you won’t spend much money on shoes.
See lessHow can you save for emergency?
There are several ways in which one can save for emergency purpose. The first thing is having a sound personal savings which is set aside for no goal except for it to be used in time of needs or very emergency situation.aAlso having a very good savings help in time of emergency. Another way is to inRead more
There are several ways in which one can save for emergency purpose. The first thing is having a sound personal savings which is set aside for no goal except for it to be used in time of needs or very emergency situation.aAlso having a very good savings help in time of emergency. Another way is to invest your money into profitable business and such business must be one that generate money on time and can be easily accessible when the need arises .
Another is investing in crypto currency this implies that you can buy coin and save in your wallet for future purpose who know what a little insignificant little coin may turnout to become a huge asset tomorrow. These are ways wherby you can keep money in other for it to be useful in time of emergency.