When talking about saving money,
taking the first step is the hardest. If you have successfully started your
saving journey, keeping up to urge and discipline to continue can be a little
hard too. We are on the same boat because even me is having this dilemma of not
finishing what I have started. Therefore, I am listing some simple steps in
making your and my first savings. Let us take the journey together.
1.
Start creatingyour budget - no matter how high paying your
job is, it all boils down into how you created your budget. Without proper
budgeting, you might go overboard with your spending without noticing it, which
will hinder you from saving even the smallest amount you can. If you are like
wherein budget is all in the head, let us start showing off those spreadsheets
and start working.
Let
us start with listing all the necessary expenses we have each day and sort them
per category. In this way, we will able to determine the amount we are
spending. After determining the amount, we can start from there which of the
expenses we can reduce or totally avoid to have the money for saving purposes.
2.
Sell those things you are not using – this is a good idea especially to those impulse buyers. Selling
online is not easy with the internet world we are in. You can sell on online
marketplace and even on social media like Facebook, Instagram and Twitter where
selling online is a normal thing.
3.
Take some side job
– some of us may spend too much time at work that we do not have any more time
for a side job. However, if we are one of those with low paying jobs and are
having a hard time with our budget and making ends meet, then, it is a good
sign that we should take a side job. You can look for jobs that require
reporting to work once a week or twice a month and the likes. You can also try
working at home selling stuff, or doing jobs like writing, designing, web
developing and more.
4.
Make it a habit
– many of us are shopper by nature as we see it as a stress reliever. However,
if we are serious enough in saving, we should be honest enough in overcoming this
unhealthy financial habit. CNN Money said that we should save at least 10% of
our paycheck.
So, are you all with me? Let’s Get
it On!!
How to Make Your First Savings
Reviewed by Leonilyn Vitto
on
1/16/2017
Rating: