Do you believe in the saying about money, that it can make the world go round?
In life, there are circumstances that may come to us. That is why it is of great importance to always save, not just for ourselves, but for the future of our family.
Just like the saying in Filipino, "Kung may isinuksok, may madudukot."
It's hard to survive without money that is why it is so important to spend well our money. If you want something, think first if you really need it. Money is not trash that you can pick everywhere. It takes hard work to earn it. So learn to appreciate its value.
The big question here is, "How to save money?" You came here because of that question in your mind, right? But before anything else let's make things clear. In this article, you are about to witness the ways and tips on how to save money.
So, are you ready?
#1 Prioritize Needs not Wants
It is so important to follow this one. Don't just buy anything you want. Think first if you really need it because there are times that you only want to buy one thing when you see that many people are buying that thing or your friend already has that thing.
Being jealous is not bad sometimes but you should minimize it. You are not just picking money anywhere. You need to work for it. It is not bad to buy something as long as you need it. But buying things you don't really need will never be okay. Again, prioritize NEEDS not WANTS.
#2 You must have a Piggy Bank
If you really want to save money, you need to have this one. But if you don't want to buy because of the fact that you are saving money, there are so many ways or alternatives. You may create one out of bamboo.
If you did not use all of your money for the day, you can deposit that in your mini bank regardless of how much money you left. You can tell it your sons and/or daughters also so that they will learn how to save money at a young age. You can have a savings account also if you want.
#3 Bring your own 'Baon'
'Baon' is a Filipino word which means packed lunch. Whether you are a student or an employee, you may do it. In the Philippines, it is popular most especially to those families who have a tight budget. Don't be shy with it, instead be proud!
#4 Avoid Vices
Happiness found from vices is only temporary. It is not good in the long run. It will only ruin your life. Instead of using your money to vices which are indeed expensive, why not save it and use it to buy things you really need?
#5 If you're still a student, apply for a scholarship program
It is extremely helpful to be a scholar while you are still studying, it will not only help you financially, it will also help you learn how to save money and will serve as an inspiration to strive hard.
#6 Make a budget
You need to have a budget plan to understand how much you can afford to spend in a month. List down all your incomes and expenses, if you see that your expenses are greater than your income consider what expenses are less important, and what expenses you could cut out or spend less.
#7 Drink water instead of sodas and flavored drinks
Sodas and flavored drinks are quite expensive that is why it is advisable to drink water. It will not only help you save money, but it will also care about your health.
#8 Pay bills at the right time
You should pay your bills on time as much as possible to avoid penalties. It cost you additional fees when you cannot pay your bills on time.
#9 Purchase generic brands
This applies to goods and medicines. Stores and drug stores regularly have the same item at a lower price. This is a good way to save money because sometimes it is not about buying the item anymore, it is now about the brand name.
#10 Grow your own food
Instead of buying vegetables in the market, why not plant your own vegetable garden in your backyard? It will not only let you save money, but it will also give you happiness. Seeing your plants grow somewhat gives you immense felicity.
If you know how to save money, it means that you are basically somewhat a disciplined man because it takes discipline to save.
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Disclaimer:
All photos that are used in this article are downloaded from Pixabay and iStock. Credits belong to the respective owners.
This topic is for discussion purposes only.
I am currently trying to stop smoking, I've stop drinking and playing mobile games now trying to stop cigarettes 😂