Hello Guys,
Would you be interested if we told you that there are efficient tricks to saving money? Well, it’s true; there are a few tricks that can be used to save money, even when it doesn’t feel like you have any money to save. The present state of the economy is a loud wake-up call for you to tighten your belts, cut back on unnecessary expenses, and save more.
Though there’s nothing wrong with only spending when you can afford it, don’t backslide and disregard your long-term financial goals.
The Tricks
#1 Automating your Savings
Think about what it would feel like if:
- You woke up everyday knowing that your money is automatically going where it was supposed to.
- You spend less time managing your finances but still dominating it.
- You can easily pay your bills/debt and watch your savings/interest grow.
We could go on and on, but the trick here is that automating your finances helps to remove all irrational human behavior that can get in the way of accomplishing your savings goal.
Embrace Digital Assistance
Piggybank.ng will help you attain this. Every day, weekly or monthly, Piggybank.ng transfers funds as instructed by you into your Piggybank.ng account. With amazing features like Quicksave, Safelock or the Piggyflex account, you can be sure to painlessly meet your long-term financial goals.
The sooner you automate your savings, the less worry you will have about managing your finances.
#2 Move any Unspent Money to Your Savings
The whole point of budgeting is to avoid living from salary to salary. You need to have an understanding of how much you can survive on, monthly or weekly, try to cut your expenses, stick to it and hopefully have something extra at the end.
Any extra income you have before your payday should be moved to your (Piggybank) savings account. Then, you start another cycle of budgeting. It might sound boring but this trick not only shows how better you are at budgeting (having extra unspent income before payday) but it better motivates you to keep the numbers increasing and cutting your expenses.
Remember: Whether you choose to budget or not, at least find out how much you’re gaining or losing every month — Save the gain.
#3 Zero your Money out Every Evening
This might sound really elementary but it works and it’s pretty easy. You have to make a decision to zero out your unspent money every evening.
This trick will require you to use your Piggybank.ng account often.
So let’s assume after a days’ work, you end your account balance with:
₦51, 600 available on your bank account.
What you should do:
Deduct the last three or four digits from each number to get a zero at the end. It’s easier to zero out your balance into your Piggybank.ng account.
For example:
N51,600 — N1,600 = 50,000 — → N1600 goes to your Piggybank!
As simple as this trick might be, it helps you to actually control your spending and save. Give it a try.
What are the tricks that make saving easy for you?
Let’s know your answers in the comment section below.
Have a great week!
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Tolulope Eweniyi
Guest Writer
Images: Google
