Post
Topic
Board Economics
Re: Best tip on saving money
by
engrdaver
on 21/01/2018, 11:36:01 UTC
Well you know am really bad at managing my money thus what I do is I transfer everything I earn in the bank account of my friend and he won't even let me have a penny from it even if am dying.. though sometimes if I desperately need he does allow me to have a little amount..!! Its more like having a personal finance manager Wink thus if you aren't able to save up yourself I will advise you to ask help from a friend of yours Smiley its never a bad option also its better if he is super strict Cheesy

Also I have planned daily usage like a dollar a day or something like that thus it helps me control whatever I spend.

I admire the trust between you and your friend, however, if you really want to save money then do time deposits on your own account. If you already have restrictions on your spending, say 30% of your salary, then allot the remaining 50% on saving via time deposit so you wont be able to withdraw your money depending on how long your terms with the bank is. Then leave the 20% for your emergency needs because you cant always call on your friend if an emergency does really happen. Be realistic, practical and smart.