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| photo grabbed from ecx.images-amazon.com |
I’m now halfway to my 20’s and it is hard to admit that I am
not getting any younger but have low net worth, less earning income and zero property. Last year, I started saving money for my retirement plan and for purchasing
future property or for venturing into business. I am now on the verge of aggressively
increasing my savings and these following tips really help me to achieve it:
1.
I record all my expenditures every month to easily track down which expenses I need to minimize or
avoid spending.
2.
I am an impulsive buyer before but now I try to
control it by categorizing the product or things that caught my eye if that's a necessity or not.
3.
I eat out one fewer time each month.
4.
I avoid going to the malls during payday.
5.
I do my shopping during sale.
6.
When I do my grocery, I bring a list with me and
I stick to it. I also make sure that I am not hungry or else I might purchase
things that I don’t really need.
7.
I bring my packed lunch to work.
8.
During payday I take off 10%-20% off my net income to put into my savings account. This one is the hardest thing to do but it makes me
happy when I know I got to save more for that month.
9.
Live a simple life. Don’t be a snob or purchase
things that are expensive especially if you can’t afford it. I learned this
mantra from our former sr. accountant of the company I am working right now.
10.
I watch my savings grow and it gives me a
satisfaction that I am on the right track. I giggle when I reach or meet my
target amount quarterly.
I hope those tips I mentioned
above will also inspires you to save more and be financially free from debts! Why not share your
saving tips on the comment section below so that we can discuss it.
