Effectively ways to save money - Best Tips and Tricks

One of the biggest financial problems is the lack of ability to save money, so we created this article to show the effectively ways to save money with our tips and tricks. So, let's look at some valuable tips, so you can start having an extra amount in your bank account every month.

1. Use Cash Money

There is an issue with robberies, but try to put this tip into practice in small ways. If you happen to go to the mall, go to the ATM and withdraw the amount you think you will spend. This will create a barrier to the maximum amount you will actually spend.

2. Control your Spending

If you start to notice where you spend your money, I'm not even telling you to write everything down, just write down the areas and the amount you spend. You will start to realize that a huge part of your salary is being spent on snacks at work, for example, and you could save money and be much healthier if you bought some fruit at the market at the weekend.

3. Conscious Spending

We often spend money trying to adapt to fashion, but we often don't realize that the role of fashion is, and always will be, to escape from what we are wearing at the moment. For what? So that we can spend more of our money.

Stop and think, we don't need hundreds of shirts, blouses and sneakers in our closets. That sneaker of yours from last year serves the same purpose as the beautiful one that appears in the commercials that we keep wanting to buy. Who has never fallen into this temptation? This tip helps us pay more attention to this type of expense. I'm sure this tip will turn into more money in your pocket.

4. Look for automatic investments

Some financial institutions, such as banks, have the option that, when your salary drops into your account, an automatic investment is made in part of your salary. For example, if I earn 2,000.00, I can adjust that I will receive 1,800.00, automatically leaving 200.00 in some investment.

5. Convert your salary into hours

It works like this, if my salary is a thousand, and I want to buy that latest fashion t-shirt that costs 300. So how many hours do I need to work to buy that t-shirt?

A simple calculation is to divide your salary by 200, which is more or less the number of hours worked per month. In this example, our worker earns 5.00 per hour, or 100.00 every 20 hours, that is, to buy this t-shirt he would need to work 60 hours, which is practically a week and two days. And the question is, do you want to work a week and two days just to buy a t-shirt? By doing this, it becomes easier to understand what is worth spending your money on or not.

6. Decrease your expenses and increase your income

Some people sell something, others offer some service on the weekend, study and sell something in digital marketing. There are many possibilities, we just need to dedicate ourselves and study what you like to try to help people and start earning extra income.

7. Stop looking for momentary pleasure

Stop looking for momentary pleasure to seek something greater in the future. We need to stop eating at that very expensive restaurant so we can have money to buy our house. We need to stop seeking pleasure from a drug to avoid its undesirable effects. We need to focus on what we are doing, so we can have free time to enjoy with our family later.

Conclusion

Seek the best for your life, because money is energy, so, we can invest and spend this energy with good intentions, or just spend it on things that bring practically no additional value to your life and the lives of the people around you. Choose wisely what you want to do with the money, and consequently with your own life.