There is no doubt that saving money is important. The sooner you start to save money, the more you can save. Use these money-saving tips in your day-to-day life. Have a separate account for your savings The very first tip that will enable you to save more money is to have a dedicated account for your savings. If you only have one account for both your expenses and savings, it would be difficult to track your progress. This also promotes a clearer visibility of how close you are to your desired outcome. Automate your savings The easiest and most effective way to save is to do it automatically. Transfer a fixed amount from your paycheck to your other savings account. Follow the golden rule of Income – Savings = Expenses. Another great reason why you need to automate your savings is it prevents you from spending your money elsewhere. Use credit card wisely Credit card debts are common, and this often lead one to not have any savings at all. Make sure that you know how to use your credit card wisely. Here are some dos and don’ts when it comes to credit card usage: - Do remember your credit limit, due date, and statement date at all times. This will help you make planned purchases and avoid delays for making payments. - Do pay off your bills in full to avoid fees. - Don’t go beyond your credit limit. Determine the safe percentage that you are able to pay especially for installment items. Follow the 30-day rule Whenever you feel the urge to splurge yourself, apply the 30-day rule. The 30-day rule states that you write what you want on a paper and keep that list in the next 30 days. If after 30 days you still like to buy the item, the do it. Most will discover that after 30 days they don’t want to buy the item anymore. Mastering the 30-day rule will help you save money and make better shopping decisions. Continue reading in https://cebuanalhuillier.com/15-tips-and-tricks-to-save-money/ for more information!