How to Save Money. How many times have you tried to save…
Tags: Tracking, Saving Money, Accomplishments, Healthy Lifestyle, Goals

How many times have you tried to save money but ended up spending them, and wiped your savings at the end of the month? Have you ever thought of what you’re spending your savings on?

If you’re not saving for a specific goal and your savings are going in the wrong direction, that’d be an issue I’m sure you’d like to solve. Honestly, I’ve been through it a lot and used to think that I’m simply a person who has spending issues and can not save. Well, after research and after needing to save for a specific cause and putting my mind to it, I started to save money. Lots of it.



If you’re a person who has millions of dollars, you might not be reading this. Now you’re thinking “how can you help me?”

First and foremost, I want you to know that you’re not the only person who has difficulty saving money, but you should start saving, for you’ll feel financially secure and it will prevent you from going through debt, which is a pain to get out of.

Why is the emergency account important?



It mainly prevents you from going through debt, and helps you pay for unexpected incidents such as car accidents, hospital emergencies, loss of job…

You should have an amount in your emergency account that equates to around 3 to 6 months of your monthly income.



To begin with, you should have two saving accounts, one of which would be your savings account for a specific reason. Give it a name, call it “Saving for Paris” or whatever you’re saving for, it gives it a more realistic feel, and stays as a reminder of the goal you’re trying to achieve. The second is your emergency account, an account for everything that happens unexpectedly and has a small or large budget.



Second, track all your previous expenses, and you might find that you’re spending lots of money on subscriptions you don’t need anymore, so stop them. Check where is your money going? And why is it going in the wrong direction? Solve all these problems, one subscription at a time.



Third, start a budget. Start dividing your money in a way that helps you spend for your needs and wants, and save for your savings account and emergency account. Budgeting is not a challenging task, imagine it as if you’re solving a puzzle, each piece must go in the right place. You can follow the 50 30 20 rule, 70 20 10, or whatever rule that suits you. Of course, you can do your own.



You might be saying that these steps are easy, or you might say I’ve tried them before but they didn’t work for me, so your blog isn’t helping me yet. But in all honesty, did you try?





How will you achieve these baby steps?



You must WANT to save money. If you feel like you’re obliged to save money, it won’t work. You might come to that day when you’re sick of trying to save and spend all the money you saved even if it’s a small amount, and come on, we all start with a small amount or else we would have a private jet and a villa in New York.



Set a goal in your mind you wish to achieve, and I know you don’t know me, but trust me, it works. You will achieve it, but you’ll have to be patient, resilient, positive, and have confidence in yourself.



At the end of the day, month, or year, you’ll have to save and have an emergency account, or you’ll be in debt and your account will be decreasing like crazy. I know you said “YES” I’ll start today, or tomorrow, but start NOW! Don’t postpone today’s work to tomorrow.