Post
Topic
Board Economics
Re: Cracking the Code of Saving Money...
by
stomachgrowls
on 01/12/2023, 06:56:04 UTC
We all want to save money, but it's not always easy.
There are so many things that tempt us to spend, unexpected bills that pop up, and it can be hard to make ends meet.
How do you manage to save in a world that encourages spending? Let's talk about it.
Share your ideas, tips, and stories about saving money, and together, we can figure out how to get better at it. (We will also draw valuable lessons from the mistakes and experiences of others.)

My savings tips: I divide my money into other accounts so I have 2 accounts, one account, money goes in and out every day, the second is a savings account that can't be disturbed, so if I get paid on the 5th, I will transfer my money to a savings account with the remaining money. in the first account, it is for my daily needs. If the money runs out before I get paid, I will not take the money from my savings account. The point is that we have to be consistent in saving, there are many obstacles and trials, remember to be consistent.
Ive done the same and it does works and you do really have the money on the time that emergency comes and it was really that made for that sole purpose. So it would really be that something that needing
that extreme dedication and really have that self control when it comes to savings since not all would really be having that kind of discipline in towards savings and this is why they do really end up on
having no savings just because they are really that confident that there's nothing that would happen something like problems or emergencies in the future. This is why this kind of confidence would really be leading into disaster on the time that you would be able to experience this.

There's no need for any technique or code because having getting some allocation like 10% per salary or pay which are really that saved up for emergency or savings purposes.
If you do fail on doing so then it would really be that a disaster. We do know that life cant really be perfect on which there would really be times
that you would really be needing that financial back up.