If you are planning to save in the year 2021, you should first know how much you spend each month. This is the first step towards starting saving . Keep track of all your big and small expenses. If possible, keep a diary at home or keep a small diary with you. It may sound a little weird at first, but it's effective. Keep track of your gas, groceries, electricity bills, daily expenses. The most important thing is that if you use a credit card, first of all, keep some distance from it.
Once you estimate how much you spend in a month. So you can easily manage your recorded expenses on a low budget. From the second month, you will begin to realize how much you have saved. This will allow you to save easily and also get rid of the loan. By planning a savings you can plan your expenses and limit overspeeding.
Set savings goals
The best way to save money is to set goals. Start by thinking about what your future plans are. Like you are getting married, thinking of going somewhere etc. Then find out how much money you need and how long it takes you to collect it.
Emergency Fund
Emergency funds should always be with you. Because anyone can face trouble at any time. At such times, if you have an emergency fund, you will have a lot of ease. Even financial advisors always recommend maintaining emergency funds.
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