Skip to main content

8 Keys to Consistently Save With a Little Salary

Saving salary is certainly not a new thing, considering this activity has even been introduced since someone was a child (school age). Almost everyone who has already set his or her foot in school will understand and understand the benefits of saving because our parents are so often reminded of this in school. However, what about its realization, how many people actually can do the activity well in their lives?

Save With a Little Salary
Although it looks easy and not troublesome, in fact, saving activities are often one of the things that are difficult to run by most people. Not only by those who are still immature or still in school, even by those who have worked and have income though, but this activity is also difficult to serve as a habit.

There are always many reasons to delay and not start saving, despite having a certain amount of income. These reasons can be varied, ranging from: too small salary, always large expenses, or even income that is never enough to cover all the needs.

Understand benefits well from the start

When you plan to do an activity, then it is compulsory to consider the effects and benefits that you will get on the activity. The same can also be done to familiarize yourself with saving. If you understand the benefits that will be obtained for the activity, then the desire to immediately and continue saving will also be greater.

You understand well, how a number of needs and also expenditures can arise suddenly and immediately require handling and adequate amounts of funds. Such things should be used as a reason why it is important to immediately have a certain amount of savings. Not only that, but consider also to have a number of investment activities in the future, which can be started from now by saving first.

This means that saving activities can also be involved to achieve financial objectives in the future, where the goal may not be achieved within a quick period due to the lack of current revenue. If you are trying to get into savings, then some of the funds needed to achieve that financial goal can be accumulated gradually.

Whatever you need in finance, be sure to always have a lot of reasons to save, no matter the current amount of income. Check out some of the following saving strategies, which you can do to have savings on a small amount of salary:

1. Manage Expenses strictly

The first thing to do is to set a monthly spending budget. Do this before the salary goes down, so have enough time to calculate, consider and compose the best budget for the finances. Arrange this budget strictly, where all needs are met appropriately. You just have to spend money on a variety of basic necessities and also that can't be unfulfilled. Avoid a variety of needs that are not so important, and have a waste of financial effects.

2. Place emergency funds from the beginning

Do not forget to put some emergency funds in the financial budget, so there is no more reason to disturb the sues amount of savings funds owned. This is very important to be examined from the beginning because it will have a big impact on the sustainability of the savings funds that have been set aside in the financial monthly.

3. Prioritize the saving activity after payday

Not spending or paying off debts, but savings funds are the first thing you should prioritize shortly after a liquid salary. It is very important to always take precedence, before finally allocating salary to various other expense posts in finance. If discipline does this, then each month will be able to have a certain amount of savings on a regular basis. Read More: Benefits of Saving and 10 Ways of Saving Life

4. Place savings in special bank accounts

Do not forget to always separate savings funds from other funds, so you have no excuse to bother and use those funds. Make a separate account for this savings fund, where there is no need to bring a passbook. Immediately transferring a number of savings funds shortly after the liquid salary, it is important to help facilitate in managing the finances strictly.

5. Save money in certain Nominal

This activity is especially for those of you who are saving at home without storing it in a savings account. There are different sensations when you collect and save each money sheet in a specific nominal you have.

Put the money into the piggy bank or into the glass container that looks attractive to you. This activity will be enjoyable, especially if it does have a strong desire to save.

6. Save money

In addition to monthly savings, it's a good idea to also start saving daily expenses from now on. Don't get me wrong, this number is also quite large if doing it all month. If you are going to work by taxi, then it is good to use other public vehicles that are more pocket-friendly, such as buses or trains.

It can also save by carrying a lunch box from home, so it can save and eat healthy food every day. This daily saving activity can help to save in large quantities, even much larger than you would expect.

7. Carry enough money on the go

Avoid having an "accident" in spending, where it is often expending money without an initial plan/calculation. Things like this often happen, even without realizing it. Try not to bring along a lot of credit cards or cash (excess) when traveling outside the house.

Just bring in the amount of money needed, or if necessary, you can exceed it a little bit (in a reasonable amount) beyond that need. This will help to more easily control spending, especially those that are "accidents", so you can still set aside some money for savings.

8. Select Savings Gold

This step is perfect for those who always have a bad habit and a million reasons to use the money savings that they have, even if the savings money has been put into a bank account. Nowadays, you can be easier to access gold savings, because some banks have those services.

You will be able to raise your money there every time you receive a salary, where these savings would be in the form of gold bullion stored on selected banks. Gold savings are certainly different from regular savings because they will not be given credit card facilities to withdraw some of these funds with ease.

Not only that, saving that in the form of gold bullion will certainly make you feel a little different and more reluctant to withdraw/sell it at any time without any urgent reason. Money savings will be more durable and safe in gold savings.

Discipline and always consistent

Success in saving will certainly be greatly influenced by the discipline you have in managing the finances. This will be much easier if it can be consistent and through the activity continuously. Not only 10 million, a much larger amount of savings though very likely to be owned, if always disciplined and consistent to do the activity.

Comment Policy: Please write your comments that correspond to the topic of this page post. Comments containing links will not be shown before they are approved.
Open Comment
Close Comment