Byjus Logo

7 Saving hacks that will help you plan your finances better

Team StoryWeavers|November 28, 2018| 1

Saving starts with small initiatives. The earlier we start, the better and stronger our savings portfolio will look.  However, sometimes the hardest thing is to get started. A lot of times, we end up pushing our saving plans to the back seat.

Here are 7 simple habits that will definitely help you take your first steps towards a financially fit life 

MAKE IT SPECIFIC: Set up specific  savings accounts for every goal

MAKE IT AUTOMATIC: Set up an auto-debit for your monthly savings to be directly debited from your paycheck

MAKE IT SMART: Apply the 50-30-20 rule. Categorise money into ‘Needs, Wants & Savings buckets’

MAKE A BUFFER BRACKET: Set aside money for them emergencies and rainy days

MAKE IT A JAM JAR APPROACH: Divide your money into separate pots for different expenses

MAKE IT SHOW: Journal expenses to plan better and avoid non-essential expenses in the future

MAKE A NO INTEREST RULE: Become a minimalist when it comes to credit cards

So, let’s take small steps to plan for a secure & happy future!!

Leave a Comment


Comments


Ambesh Vishnoi

November 28, 2018

I am The Adventure-holic a.k.a Nature Smart if you

Participate in hands on activities
Enjoy bird watching and love to record all your observations
Focus and follow instructions while you are out in the woods

Testimonials

Card image cap