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The way to save money is not to be stingy but to use it wisely. I often feel frustrated with myself because of the amount of money I spend every day and I have had to spend time thinking about this issue. After a while of researching online. Here’s what I learned and implemented the plan. So if you’re looking to save money or cut your spending, check out my article below.
Contents
1. Reduce The Number Of Dining Out At The Store
I finished high school and am working so I have little time at home to cook for myself, instead I often eat fast at fast food restaurants. This helps me cut down on my daily food costs a lot.
Alternatively, you can also cut back on drinks other than water. Most of it has no benefit for the body or health, I think you should drink more filtered water for better health and you can save a bit of money from that simple thing.
This doesn’t mean you have to fast during your meals. You need to make a daily meal plan. How much you need to spend on meals and see if you can cut them down. If you can’t then you can skip this step.
Documentation on how to plan : How To Build The Best Plan ? Things Related To The Plan (nanglife.com)
In addition to food and drink you need to rethink travel or days out with friends. Most of you need a lot of time for work, so cut back on the above to optimize your work. This helps you increase your income at work and save a small amount of money.
2. Invest With Your Money
There are many different ways to invest. I’m investing in stocks, although it’s not pretty but if I take a good chance I can double my money.
In addition to investing in stocks like me, you can also deposit your savings in the bank, the interest rate is the same about 10% in a year. There are also some other ideas that are investing in expensive land or jewelry. If you have a lot of money, you can rent out and automatically make money every month from the property.
You need to split your savings, part for accommodation and living, part for disease prevention, part for smart investment. I did research on this and people say save 20% of your monthly earnings from the company. And that money can be invested or can be saved.
If you are a smart person in investing, I am sure that you can increase your money many times over. I have very little capital so I can’t invest in big things, but in the end we all have to strive for a better life.
If you are unable to invest on your own, you can ask a professional to invest for you. They’ll sign a contract with 20% interest for one year, that’s great. You may find that in just a few years, your money can be many times what you save.
3. Reduce The Amount Of Clothes You Want To Buy
Careful use of utensils helps prolong the life of the appliance. Especially some household items, please use gently to preserve them longer. I have a lot of gadgets and they can last 10 years without any problems, that’s great, can save me more money than changing appliances often.
I’m 1.75m tall and weigh 70kg, I have some clothes and it can still be worn for the next 10 years. You can buy a lot of clothes but most of you won’t use them all, so reduce the number of clothes you want to buy as your body measurements remain the same, this is not necessary.
Besides clothes, you can also consider other things like perfume or hair cream… You need to reduce the items you intend to buy in the most scientific way. But if it’s necessary for you, buy it. Reducing spending on personal items makes your room cleaner, less cluttered and saves you a decent amount of money.
If you need to buy things, look for things that are valuable and not devalued. Example: real estate. Even many items may increase in price in the next few years. It’s great isn’t it? If you want to know which commodity is likely to increase in price over the next few years, do a little more research online, I took a few examples like gold. the silver. jewels…
4. Increase The Mount You Earn From Work
You are considering working hard to get the company to increase your salary. This takes a lot of work and time. If you determine you can do it, then have a clear plan for this. Often this way can double your salary at the company, if you do well, it can increase many times.
Documentation on how to plan : How To Build The Best Plan ? Things Related To The Plan (nanglife.com)
4.1 How to fix
If you find saving too difficult, try increasing your salary by doing chores in your spare time. Nowadays, there are many freelance jobs that you can choose according to your aptitude or interest. Some of the jobs I would recommend to you are as a website or as a content creator on youtube. There are many different jobs you can do when you have free time. I guarantee that this will be a great source of income.
Some people have good business ability, so why don’t you give it a try. You can sell things online through amazon or Ablibaba. If you do well you will have a lot of income.
You should learn how to make money online in your spare time, there are many websites that need people to work in their spare time. You can find a lot of jobs if you search. The only way to do this is to persistently learn these tasks and do them consistently every day.
Nowadays there are some individuals who work in their spare time but the amount they earn is more than their main job. You should learn from them to review the work done at their time so that you can learn from them. If you are successful in your part-time job, you are well on your way to success and financial freedom.