7 tips to save more money every month

Changes in the economy can never be predicted accurately. There is great fluctuation in the job market as well, because everyone wants a higher salary, but more and more economists warn that the growth of salaries does not compensate for inflation, so we are actually becoming poorer.

7 tips to save more money every month

The following seven tips are very helpful to help save money.

1. Check what you spend your money on

Ask for an invoice after every purchase. If you go to a hairdresser or use some other service, make a note of the amount you paid, and then add up your expenses at the end of the week. This way your financial habits will become more transparent, and if you want to save money, you will know where you should reduce your spending.

2. Open a separate bank account for your savings

An automatic transfer of a certain amount to a separate bank account is a good solution to increase your financial safety. After a while you can even increase your savings.

3. Prepare a short-term saving plan

If you want to go on a holiday, make a calculation six months ahead of how much money you need to set aside for the holiday, and follow your saving plans.

7 tips to save more money every month

4. Wait for 24 hours

If you see a nice pair of shoes, clothing or a watch that you would love to buy but you can’t really afford it, wait for 24 hours. Most psychologists agree that after 24 hours, most people’s enthusiasm begins to diminish. This habit can prevent you from overspending and regretting it later.

5. Sign off from advertising newsletters

If you know you are prone to overspending, and you tend to be an impulse buyer, your first step should be to sign yourself off from newsletters that advertise different products, and not to collect advertisement flyers either.

6. Pay your bills as soon as you receive your salary

This solution is helpful, because if you postpone paying bills to the end of the month you may realize that you do not have enough money left.

7. Do your shopping once a week

Buy groceries and other necessary items for a single week at a time, and set a spending limit. This way you will not buy items you do not really need, and will save money.

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