Are you on a mission to find money for saving? Is your money lost among our money? Do you end up with more months than there’s money? My Money POT has researched these three ways -how to find money for savings.
1. How to Find Money for Saving? - Tame your spending
The best way to know where your money goes is to start recording every purchase you make (start with a week, move to a fortnight and do a monthly review). I promise at first it will be stressful but hey, do you really want to know where the money disappears to and where the leaks are? – be honest. Looking at the list will help you tell whether what you bought is/was important or simply put; whether you can easily live without!
2. Cancel that subscription
What are you paying for previously and you rarely use? Gym, TV, Telephone, Internet and the likes. If you do not use it – you do not need it. Overcome the barrier by individualising this statement and saying it loud to yourself. Cancel what you do not use – the result will be money in your pocket.
Culling of expenses should not be limited to subscriptions alone. There are many areas on your spending plan that you could review to find that extra coin. Keep the focus on building rooted in sound money management principles.
There’s tip number one on how to find the money for saving or investing – eliminating unnecessary bills.
3. Stop Playing the Impresser
“Too many people spend money they haven’t earned, to buy things they don‘t want, to impress people that they don‘t like.”
Have you ever fallen prey to the feeling that you have to spend to impress other people? The sad part is the very people you so want to impress rarely notice your efforts! Cut it before you get trapped in a vicious cycle. Say no to such temptations; you are the author and the architect of your financial success.
Searching how to find money within your money is better than opting for ways that offer temporary relief.
Take Away...
Learn to tell your money where it should go and not the other way round! It takes being decisive and maintaining a determined course of discipline to win with money.
