To avoid the temptation to make unnecessary purchases, follow these recommendations:
keep a strict record of all expenses and distribute in advance what needs the money will be spent on;
immediately after receiving your salary, direct funds towards mandatory expenses - paying bills, tuition, kindergarten, etc.;
after that, put aside the amount that should go towards savings;
Approximately 5-10% of your income should be left for unexpected expenses. This amount can be kept in a savings account so that interest can accrue on it.
Where to put money aside
If you keep your funds in a regular account, they will gradually depreciate due to inflation. Therefore, a prerequisite for high-quality savings is their increase. To do this, it is worth using proven investment instruments - deposits and savings accounts.
Deposits provide the maximum income, but, as a rule, have pakistan mobile database significant limitations: funds cannot be withdrawn before the expiration of a specific period, otherwise the depositor loses the accumulated interest. Therefore, it is recommended to use deposits only for those savings that you will not need in the near future. For example, for the deposit "Maximum» Sinara Bank can earn #rate#3054#/rate# per annum in three months.
Money that you might need for unexpected expenses should be kept in savings accounts. These are regular accounts that are linked to your debit card, but they also allow you to earn interest. For example, a savings account "Heading for a Dream" is an opportunity to receive #rate#7353#/rate# per annum monthly with a balance of 5000 ₽. Unlike a deposit, it is impossible to lose the interest already accumulated.
How to save money for a car: what to save on
There are categories of expenses that you cannot save on. First of all, on food and medicines. You should not buy low-quality analogues of medicines and cheap sausage instead of the usual expensive one. But among daily expenses, you can find those that seem insignificant, but over the course of a month, a decent amount accumulates. It is precisely these that are recommended to be cut:
coffee in a coffee shop . If you spend 150-200 ₽ on coffee every morning, then you spend up to 6,000 ₽ per month. Instead, you should get up a little earlier and make coffee at home;
lunches in the canteen . Bringing food with you (if there is a microwave in the office) is a good habit that will help you save money;
going to cafes and restaurants . In public catering establishments you pay 3-5 times more than for home cooking. It is worth reducing these expenses to a minimum;
branded items . Overpayments for brands can reach astronomical proportions. While you are saving up for a serious purchase, try to buy clothes, shoes and accessories from lesser-known manufacturers.