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The best ways to save your money, even if you are an impulsive person

Do you want to save money but struggle with impulse spending? This post provides the best ways to save money, even for the most impulsive of people. From understanding budgeting and pacing your purchases to using tricks like the 24-hour and the 'no one else is buying' rules, you'll find useful tips to help you keep track of your finances. You'll also learn how to use technology to your advantage, and how to make the most out of a savings account. With these strategies, you can create a budget that works for you - no matter how impulse you are!

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Almost all people from time to time make unnecessary purchases, conduct unprofitable transactions. Often, purchased goods are useless, instead of delight and joy come discontent, regret for the committed actions. In order not to reproach yourself for intemperance, unnecessary expenses, adhere to some shopping rules. If you are able to save and increase funds, you can ensure a comfortable, happy life.

Learn from your failures

Develop a debt repayment plan

Instead of regretting the past, it is better to admit it with all the mistakes. Ask yourself what lessons you could learn from what happened. For example, if you are accustomed to accumulate only debt, then admit it and develop a plan for their early repayment. The sooner you get rid of loans, the faster you calm down and start thinking about saving a budget.

Track expenses

Income and expenses, accounting

It’s very difficult to do manual calculations, so it’s better to use special online services. After registration, you need to go to your personal account, where it is easy to take into account income and expenses, track equity, determine how much money is saved as a result.

Even if you use online services with a negative balance, due to regular monitoring, you will be motivated to make big money and save money. You can always see how far you have come, and in case of financial difficulties, track the cause of their occurrence..

Save wisely

How to distribute money correctly

Ways to save money and quickly accumulate a large amount:

  1. Do not rush to extremes. If you want to save money, you do not need to save 60–70% of your income. It’s better to keep a small amount from each salary – for example, 5–8 thousand rubles, but monthly.
  2. Save more than 50% of the budget only after spending important expenses – repayment of loans, utility bills, studies.
  3. Buy only the items you need with the money you save.. If you already have a mobile phone, do not chase new models.

Use cash

Cash payment

This method of saving is popular because people are more conscious about their finances. When you pay a loan or a purchase automatically with a card, you lose contact with the money and cease to control it. As a result, it is difficult to know exactly how much money has been spent and what is left. When using cash, this problem disappears. You can always recount the amount and decide whether to make a purchase.

Spend money only on useful and quality products.

To achieve this, give yourself such a setting, but do not expect that you will immediately follow it. It is very difficult to resist, not to return to the previous way of life. So give yourself time to restructure thinking.

Expand Sources of Income

Sources of Passive Income

You can endlessly try to save and increase funds, but there will always be a limit if you work in only one company. There is an option to wait for the increase, but there will remain a complete dependence on the leadership. Even if you start working in a new capacity, you will again be limited in income. Therefore, try to find additional sources..

To increase the money was active, try to sell goods, offer services.

If you lack competence, upgrade your skills, learn new things. Great options for part-time jobs are website development, translations and writing creative texts. At first, such an activity may not bring a lot of money, but over time you will gain experience, the situation will change for the better. As a result, a side job will turn into a main source of income.

Set goals

Once you find the right ways to save, think about where you spend your first cash savings. This is the fundamental question on which the result depends. Remember that goals always motivate action. If you have identified tasks for the near future, analyze the current situation, start using new methods to solve your problem.

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Comments: 1
  1. Harper Coleman

    As an impulsive person, I often struggle with saving money. What are some effective strategies that can help impulsive individuals like myself save money successfully?

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