“Wealth consists not in having great possessions, but in having few wants. –Epictetus” – Wealth or money is the basic medium we use to buy the things that we either need or want. We all know that money is not something that just pops out of the blue or comes falling down from the skies. It is something that we worked hard for which means that it entails our precious time and effort which is not worth wasting. Since it is not that easy to earn a living, here are several tips to help you save what you are supposed to be saving for the future.
A.S.A.P (As Soon As Possible) – Admit it. You don’t have all the time in this world. Start saving money as early as possible. Time is a big key to your savings. The sooner you start, the more you can save up. Remember too, “Time is Money”.
Needs and Wants – Define your needs and wants. Needs are the things that you need to survive or the essentials. Wants are those that you can you can set aside but still live. For example, you need to eat three times a day but you want to eat on expensive restaurants. You can never avoid eating but can definitely avoid expensive diners.
Less is More. Less debts, more savings. As much as possible avoid unnecessary loans and the urge to swipe those credit cards.
The List. Keep a budget list so that you can easily track your expenses. In that way, you can easily see if your money is going to the right things.
Invest. Venture into wise investments. If you are a risk taker, you can invest in stocks market or if you are a conservative type, you can invest in good life insurances.
Say No. Wherever you go, everything has a price and everyone has something to offer. If you don’t need them, learn to say no politely. There’s nothing wrong with that but not learning to say no is really something else.
Following these simple tips can eventually make you set aside some money. Saving isn’t based on the how big or small you can save but it is based on your consistency, purpose and discipline. Happy saving squirrel!