Finance management can be a challenge, but we offer some effective tips for creating your own savings.
- 10% of the profit: Keep 10% of your income immediately after wage is received. This simple rule allows you to accumulate funds without much effort and provides sufficient amount for other costs.
- Little Taps: Create a separate piggy bank for small costs. This will help to avoid impulsive purchases and will allow you to satisfy yourself without spending basic savings.
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Track the costs: Keep records of all costs within 2-3 months to find out the cost of spending. By analyzing the records, you will be able to determine unnecessary costs and avoid waste, directing savings on more important things.