Gomyfinance.com Saving Money : 7 tricks to save money every day
It is hard to earn money, but it goes away quickly if you don’t control your expenses. Many people think about how to save more and even start various strategies but they never come to fruition due to lack of consistency or because of our brain’s tendency to prioritize short-term rewards. The key to saving and taking care of your financial health is to acquire small daily habits that can have a great impact on your pocketbook.
It doesn’t matter if you want to save for a future big purchase, to create a cushion for unforeseen events or even to start investing. Establishing a solid foundation for financial well-being will be a journey of several steps, but if done correctly it will lead to a journey with a destination to happiness.
Gomyfinance.com Saving Money is not easy. The truth is that fixed expenses, unforeseen expenses, shopping baskets or energy supplies cause income to be reduced and financial freedom to be lost. Selecting a savings method (such as the 50-30-20 rule or the envelope method) is a first step on the path.
There are some mechanisms or habits that will make Gomyfinance.com Saving Money stop being a headache for many people and even some tricks to avoid wasting money.
1.Open a savings account : Gomyfinance.com Saving Money
Opening an account other than the current account gives users a way to save. Setting aside a certain amount each month, as soon as you receive your salary, can make this task much easier. In addition, most banks offer different savings products that make the money deposited grow, so you are not only saving, but also earning money. The advantages do not end there. Having a certain amount of money in an account can help when you have an unexpected expense, since, being liquid, it can be mobilized and used when needed.
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This is the case of BBVA, which offers this type of products and also other investment products. Currently, the bank offers the BBVA Savings Pack in Spain: with two accounts and the option of creating automatic rules to save without even realizing it. The bank’s customers save an average of €110 per month with these rules. In addition, it has a range of products that allow savings and investments, such as its different deposits, aimed at all those people who want to obtain a return on their savings in a stable and secure way.
2.Establish monthly or weekly budgets and savings goals
Savings accounts are a good tool for saving, but they are of little use if you are not consistent in the contributions you make. Therefore, defining monthly or weekly budgets and setting goals to achieve is one of the best savings habits. From the BBVA app you can achieve any savings goal you set yourself. You simply have to open the goal, give it a name, choose the amount you want to save and the date to meet it.
3.Make savings weeks
Sometimes you spend too much during the weekend and, therefore, you do not meet the budget. When this happens, you have to be clear about your savings goals and understand that if you want to have a fixed amount saved each month, you have to compensate. Thus, doing “saving weeks” is one of the ways to save in which avoiding going out so much or buying unnecessary things can save you a few extra euros.
4.Compare prices
It is not about checking if even toilet paper is cheaper in one supermarket than another, but rather comparing where, overall, the cheapest food purchase can be. Nowadays, almost all supermarkets have an online store and, except for products sold by weight, their prices are identical to those found in the physical establishment. Making a “test” purchase, with the products you normally buy, for example, helps you discover where you can save the most.
5.Buy online
Watch out! The last tip can also be very useful if you decide to buy online. Normally, when you go to the supermarket or shopping because you need something in particular, you end up snacking: it’s the same whether you buy an extra bar of chocolate or a 20 euro sweater. This type of shopping can avoid precisely this, buying things that are not a priority, since by not going to the store you avoid external stimuli that encourage you to spend more.
6.Take advantage of ‘special prices’?
Not everyone is happy with not buying unnecessary things. But even when you are going to continue buying clothes, for example, there are some ways to save. Many stores and chains are popularizing ‘special prices’, discounts on selected items. And, although it may seem that they are usually “the worst”, this is not the case. These discounts are not chosen among the ugliest clothes, but among those that are less in demand or have been manufactured in large quantities. They are stable prices, that is, they do not go down, nor do they go up, so there is not that “opportunity cost” of sales, where you doubt whether to buy it now or wait a week. In addition, stores usually have a wide catalog, from pants to coats, bags or sneakers. So you can leave with a new seasonal outfit for less than half the price.
7.Plan your meals and bring a tupperware to work
Keeping your meals organized, planning your shopping and establishing a weekly menu helps you save a lot. Real food is healthy, as it is based on fruits, vegetables, greens and unprocessed meats and fish, and preparing the food you are going to eat at the office at home can lead to significant savings. In addition, planning, for example, breakfast, lunch and snacks for the whole day helps you avoid “micro-spending”.
