Hi guys! Can you share some tried and tested tricks on making the most out of your buck and also some tips on how to save money more effectively. This will be a heck of a help to our fellow users here. Thank you so much.
I also put aside 20% of my daily jobs earning as saving. And then the what's left is I budget it. It has works wonder for me up to today. I'm glad that I'd listen to my parents early on regarding saving. You might try it if so see if it's fits you. Others do to the opposite, they do the budget first and the rest put into saving. I guess you have to try and experiment it yourself. And always ask yourself if you really need or just want it before spending your precious money.
I prefer the first one of saving first and then what is left is to be budgeted for the expenses. This is called paying yourself first. In this way, you are sure that you will always have an amount save because if you do it the other way around when you have to budget for the expenses first and then save whatever is left, more often than not you will not have savings because you always have the option to get your money and spend on something because it is in your mindset that whatever is left is for the savings. If you put it in savings first then you will think that whatever you have in your wallet is the only amount you have for the time being so you would resist on spending.