Saving money is not something that you learn naturally. It needs to be learned. If you don’t know how to save your money, you will keep losing money until there is nothing to save.
Saving is such a technique l that have left well know billionaires to bankrupt. if you DON’T believe me you can google it.
Learn to save you money can be the best way not to go bankrupt. When you have saved money you can make better investment decisions. If you own a business and you don’t focus on cost-cutting you are not going to earn huge profits which are vital for every business to expand its activities.
Same way its important for us to save money our money in day to day life so that we can also expand our financial activities.
- Car parking.
Many people don’t take this seriously because they think they are not paying much for car parking services. But it’s the little costs that turn to huge costs when you actually calculate them. Why pay for more when you can actually pay for less
Parking spaces had made this possible. Its a platform where other people who have extra space they rent it to other people who need it. You can find a cheap parking spot in your area on their website. You can also rent your extra space and earn extra cash. You can browse the sellers on their website and choose that matches your budget. It has real sellers and buyers. So you don’t need to worry about finding the real sellers
- Junk food.
The habit of eating a lot of junk food is harmful to both your wallet and your health. Junk food is a common way to burn your cash. You really don’t know how much cash you are burning on junk foods unless you track it.
This habit brings you nothing just bad health and worst saving. Instead of buying a pizza from outside, you can make homemade pizza which will be healthy and cost-saving. There are thousands of tutorials on youtube that will help you to make and bake healthy food at home. It will require little effort and time but it will be worth it in the end.
- Things you don’t need / to impress people
Buying some you really don’t need is the worst thing you can possibly do. As it was said by one of the most successful investors of all time and a billionaire with the net worth of more than 70 billion “If you buy things you don’t need, you will soon sell things you need”.
If I have already had iPhone 8 I really don’t need to buy an iPhone 10 unless it’s necessary. If I have enough shoes I really don’t need to buy more unless it’s necessary. If I have a simple watch I really don’t need to buy an expensive one just to impress other people.
Your clothes, car or your phone doesn’t define how successful you are in life. Success is a very different term that lots of people don’t understand.
Start saving your money for your own good.