Start Saving up Today
Everyone is well aware of the importance of financial stability especially when we enter the retirement age. Yet, bad habits die hard. We always find ourselves indulging in money. Economics guru.
- Live Below Your Means
In order to save up, you need to live below you means. Basically, It is to spend less than you earn. It may cause some discomfort from time to time but you will be assured for a comfortable life in the future. Remember to always buy with cash. - Monitor Signs for Overspending
Dangerous signs showing that you are overspending include your debut burden. A big portion of your monthly payment is used for paying off debt. Many times you have to pay your bill by credit card. Solutions? Try your best to cover the expenses each month and cut back on your spending. - Change Your Attitude and Behavior
One think that is certain: the flame of desire is never extinguished in human beings. We need a little change in attitude and behavior. When we need to consume. we need money, naturally. - Stop Living Other People’s Lives
Be content with what you have and who you are. These days, people are easily influenced by fancy way of life as shown in the media. We are bombarded with the glitz and glam in advertisements and urged to follow that kind of lifestyle. We end up overspending. - Start today
When should we start saving up? The answer is today! Separate 15% of your income before tax deduction should go to your piggy bank. The rest is for daily spending and high stake investment is.
