​ 3 BASIC WAYS TO SAVE MONEY You should set aside 10% of y | Simone Bolivar

​ 3 BASIC WAYS TO SAVE MONEY

You should set aside 10% of your income as soon as you get cash in your hands. This should be your golden rule Many financial experts say to relate to this money as to a paycheck to yourself. What we have to do is to pay ourselves first

Make sure that you keep the money in a place that is hard for you to reach. It is better if it will be a separate plastic card and it will not be in your wallet, but in a safe place (in a safe, at work, or in some hiding place). This is to avoid the temptation to embezzle them at the first opportunity

Convince yourself not to touch that amount until you reach a certain amount (let's say $10,000). Just treat this deferred money as a non-withdrawable deposit. When your goal is reached and you decide to use that money, don't take every last coin - leave a small amount and start saving again

That's it. Simply following these basic principles will teach you how to save, and you'll have some spare cash to put away. If you already have free money and want to multiply it, then:

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