Trying to save but life getting in the way and getting you off your savings goals—again? Familiar story but then, it’s time you realised that saving doesn’t happen overnight, but it is possible.
Never let the shiny new dress or car trouble stand between you and progress. The problem is perception. Or, more specifically, your brain’s perception of what’s really important.
Set a budget
If you don’t trust yourself to remember what to pay for or when to pay them, then a good place to start is setting a budget and reminders for important money to-dos in the same way that you would an annual medical check-up.
Track your net worth
Your net worth—the difference between your assets and debt—is what tells you where you stand financially. Which loan should you pay off first? Keep an eye on those debts, and it can help keep you apprised of the progress you’re making toward your financial goals—or warn you if you’re backsliding.
Make small-size money goals
So in addition to focusing on big dreams (say, buying the latest model car or building a home in Banana Islands), aim to also set smaller, realistic, short-term goals along the way that will reap faster results—like saving some money each week or everyday in order to start in business in 3 months..
Negotiate more than just your salary
When negotiating salary for a new job, get the company to name figures first. If pushing the salary higher fails, then negotiate your work hours, annual leave, and your job description. That way, your potential employer may be willing to negotiate salary in the future.
Shopping with someone means, sooner than later, they’re going to be screaming, “That’s suit looks so cute on you! You have to get it!” So, it’s high time you shopped solo. Also going to concerts or a picnics—as opposed to some pricey restaurant or shows will give you not just more happiness, but more money.
Start saving ASAP
So start. Not next week. Not when your salary improves. Not month year. Today. Because money you save now will have more time to grow.
Did you find these tips helpful? Tell us in the comments!