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3 Mistakes in Saving Money: They Won't Help You Save Money
24.10.2024 19:40
Mistakes made while saving money can not only waste your time, but also cause you to lose your money altogether.
Therefore, this is the case when you should learn from the mistakes of others.
Put aside the rest of the budget
Savings from budget remnants are unsystematic and thus violate the main rule of saving – systematicity.
If you want to achieve results, regularly leave 10-15% of your total income in the piggy bank, or at least 5% if you are currently broke. It is worth doing this immediately after your balance is replenished.
If you only put aside the amount that remains after basic expenses, the venture will end in failure.
Putting off too much
You shouldn't limit yourself in everything in order to save more.
The desire to accumulate funds should not worsen the quality of life by giving up necessary things.
Find a balance: each month, put aside a certain portion of your income that will not affect essential expenses (utilities, rent, groceries, medicine).
Make impulse purchases
Savings are only allowed to be spent when it comes to important life or health issues. Impulsive purchases are not included in this list.
