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 never spend more than 50% of my salary. I give 10% of my salary to the church, and I eat everyday by cooking myself (I mean, I still live with my mom, hahaha). I never buy food outside, I just buy a small snack just on weekends. I was deliberately not spend money to hang out or eat in restaurants, I also do not have a boyfriend. I was determined to save and invest for my future. I'm determined to buy a house and make my family happy, that's when I'll start thinking about hanging out and having fun. Or get a girldfriend.
If you can do that, I can only be envious of you. It's either one of two things, either your salary is so big that you can actually answer for your needs with only 50% of it, or your needs are minimal that 50% of your salary is enough to pay for them, whatever the amount of salary you're getting. Anyway, to answer the question, I think the best tip for saving is to budget your expenses, if you know how much you need to pay for, including a little bit for unforeseen expenses like emergencies on the side, then you could have an actual estimation of how much you need to pay and the amount of money you can save. For most people, they just try to wing their savings while holding their money on them, I think that's bad thing to do because when you money is with you, you could be tempted to buy something that you actually don't need.