The vast majority of Russians want to get out of debt as soon as possible, accumulate capital, own a personal car, regularly go on vacation to sunny beaches or ski resorts, etc. The good news is that everyone can change their lives! As they say, if you really want to, you can go to space. But it is necessary to approach the process of accumulation scrupulously. So what can be done everyone to start saving?
1. Do not throw your change.
If you prefer to pay in cash – you are obviously piling up a mountain of coins from change. Make yourself a box, where you regularly dump your change. You’d be surprised, but just a couple of months in the box may pile up and a thousand rubles, or even more. If you do not collect, then the coins can be lost in the pockets of jackets, at the bottom of purses, etc.
2. Pay by card.
The second point, flowing harmoniously from the first. If you pay by card more often – you will not lose change, you will never have to overpay for lack of change. And do not forget about the nice bonuses from banks. You can get back a percentage of your spending with a cashback. And thanks to the mobile bank, you can control your expenses. By the way, because of the lack of control, according to Andrei Fedyaev, executive director of the Institute of Financial Planning, many Russians do not know where they spend up to 30% of their monthly income.
3. Try to set aside X amount of rubles on a regular basis.
A common misconception is that only wealthy people can save. This is not true at all, if you make it a habit to save X rubles when you receive your salary and put it away at 7% per annum or buy currency, which most often rises in the long term. Do not look that it is a small amount today, if you perform this action regularly, in 5 years you can make a good capital. The main thing here is diligence and patience.
4. Check all the holes in your personal budget.
Analyze your cell phone plans, perhaps there are more advantageous offers on the market. See if you are charged a fee for SMS-notification on a bank card you do not use. 60 rubles per month does not seem like much, but it is 720 rubles per year – why lose them. Check the terms of verification of meters – perhaps the period of operation is coming to an end, and the next month the bill will come at the norm. Do not forget about bonuses from the state in the form of tax deductions, such as dental treatment, visits to the beautician, investment, training, etc. It is not superfluous to give up bad habits, which eat up a certain part of the budget, and in the long run may require money for treatment. Leakage items are different for everyone.
5. Try to pay off your loans and not take on any more debt.
More often than not, debts accumulate like a snowball rolling down a mountain. Use the same strategy for paying back loans. Pay off small loans first, so you feel independent. Then move on to bigger debts until you pay them off completely. When paying back loans, don’t borrow again. If you pull yourself together now and start living within your means, you may be able to greet the new year debt-free.
After closing the loan, if you are used to giving part of your money to the bank each month – it is better to try to give it to yourself. Set aside the same amount you paid the lender and invest it in your future.
Conclusion
These were our tips on how to start saving money. Of course, this is not a complete list of all possible ways, but following these simple recommendations will help you make your first steps towards financial freedom. Remember that the main thing is not to give up and move towards your goal consistently. Do not forget about long-term planning – it will help you not only save money, but also achieve other goals. Be patient and believe in yourself!
