We have been learning about saving money since we were kids. The benefits are useful which to make sure we have a spare finance when we suddenly need it. For some people, it may be hard to save money because sometimes their outcome is larger than income. Actually, there are easy ways to save money. Check out these steps you have to know:
1. Have Few Bank Accounts
It would be better if you have minimum two bank accounts. Use one special account for savings, and the other one for shopping. On your savings bank account, you can choose an account without monthly fee and don’t make an ATM card to prevent your desire to take the money you have saved.
For the bank account for shopping, you can take the money on your bank account as long as it’s based on your budgets. For example, every time you get your salary, divide the money to be saved on your special savings account. By such way, some of your salary will be safe from your needs of shopping.
2. Have Savings Target
For every month’s income, you can make a target of savings. For example, you have to save 50% of your total salary. It means the other half of your salary can be used for shopping.
The higher the percentage of savings, the better. Moreover if your total savings can be more than your target. Your savings will be certainly abundant.
3. Don’t Underestimate Coins
Coins such as Rp100,-, Rp200,-, and Rp500,- are still meaningful, although if you see it as small nominals. But if you collect it, yup, it will be like phrase “A penny saved is a penny earned.” which means you can pick the fruit later.
You can buy a special piggybank for coins. So if you have coins, you can directly put it in the piggybank. After a long period, it can even reach hundreds of thousands or even millions. And of course, it will be your additional savings.