Every new year is always a great chance to rethink past habits. What went wrong? Why this “thing” happened? How can I be better? Perhaps we should start with life’s essential currency: money, more or less the root of a lot of problems.
This 2019, make saving more fun and not a stressful activity. The first few weeks are tough, but the great rewards will reap through in your future. So, how do we save more cash in the next 12 months? Allow us to give you six tips, shall we?
Set a daily/ weekly/ monthly budget plan
Every process starts with a plan, and with saving money, it is extremely important. Give yourself a minimum and maximum allotment for “x” value for not just monthly, weekly, but daily too! Note that plans don’t end with plans, follow it. FOLLOW IT CAREFULLY, ALL THE TIME.
Cut ties with your credit card
Credit card debts are a real pain to the wallet. Banks would endorse you 0% interest and other promos when in fact hidden charges come in the most unexpected ways. Refrain from card transactions. Pay with cash so you can easily monitor things.
Keep a closer look at your grocery habits
Grocery sessions are cruel! Every item is available, waiting to be bought. Before paying, do an internal assessment and ask yourself if there are things you needed or not. If you could also find cheaper alternatives to items, even better! Just make sure your plan is meticulously obeyed.
Say goodbye to unnecessary subscriptions
In this digital age, subscriptions pop out everywhere. There’s one for streaming songs, one for movies, and one for guides. If possible, unsubscribe to them all. Yes, this is going to be difficult. But take note that there are platforms that give these services for free. Go for that! Don’t settle for something you don’t use frequently.
Do not let into temptation
Avoid the malls as much as possible! Avoid shopping applications as much as possible! Avoid frequent visits to restaurants as much possible! Do not give yourself to distraction. Know your priorities, and always keep in mind why you’re doing this in the first place.
Invest in something valuable
Perhaps, it’s time to invest in something. Some people are in favor of stocks but go for real estate, where things are assured to be an income generating investment.
Investments and a company you can trust go hand-in-hand, but you also need assurance and confidence from the other end. CitiGlobal can help you with that!
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