6 Ways to Save Money Not Giving Up Things You Enjoy

Many people start feeling depressed when it comes to budgeting. It’s usually associated with an unpleasant, difficult, or useless task. But we have a few tips that will turn your savings into a real phenomenon, not just a myth everyone knows about but has never seen.

6. The 20/80 method

6 Ways to Save Money Not Giving Up Things You Enjoy

Using this plan implies you’re able to do the following actions:

  • Pay off all your debt and bank loans.
  • Invest in a business or save around 20% of your monthly salary. This is the money that you can’t spend.
  • Spend the other 80% of your salary in whatever way you want.

You should also remember that you should save first, then spend the rest. If 20% is too big of a number, try to start with 10% or at least 5%. This will help you develop a habit and create an initial saving’s fund.

 

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