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Saving money – an ultimate guide for having enough for everything

by James Vinse
Saving money – an ultimate guide for having enough for everything

You don’t learn how to save money at school. Maybe you’ve learned a bit by wanting to buy that concert ticket or guitar you wanted. You worked and saved up, got it and now it’s a precious memory or thing you still own. But what about once you have to move out of your parent’s home, there are student loans, you have to eat, pay rent and usually work some side job when you can. Trying to multitask when it comes to buying and spending isn’t an easy thing to do. There is lots of stress included, whether you are at college, or you’re in your mid-thirties. To be exact, this was usually the time people would start to think seriously about money management; they want to settle down and have kids.

Nowadays it is a bit different, fast-paced life. Mainly the pandemic taught young people to think about investing and saving money, especially during the recession. It is stressful but better to think about it and learn as much as you can now than be frustrated about your mistakes when you figure them out years later, and it’s hard to reverse the outcome. A saving guide is always useful since we live in an age nothing is certain – take it as both good and bad thing. Let’s see how we can adjust our finances. The smallest step will do a lot, so don’t be scared of it all.

Delegate tasks and prioritize

No, living in a digital age where time became a construct, doesn’t mean you have to multitask until you burn out. On the contrary, when you read about successful people, whether it’s a small business or a person you admire in your circle, you will notice that they work a lot, but they do minimal tasks, and they are aware when they should stop. Usually, they’ve learned this the hard way, but that’s why they can point us in the right direction. They are also not afraid to delegate their tasks – if you don’t know anything about something that needs to be done (not a clue about what being an accountant involves), give that task to someone who knows how to do it. It will make your life easier, and this doesn’t mean you shouldn’t educate yourself. It merely means you don’t have a thousand bachelors and you have your area of expertise, so work on that and delegate what you need and can. Saving time means saving money, and you will be able to finish work faster, more efficiently and move onto the next thing before you even know it.

Start saving NOW

Yes, you can take ten dollars right now and put it on the side. Try not spending those ten dollars on a coffee by the end of the month. It’s as simple as that. You will ask yourself “Oh my God, I wish I had those ten bucks for my coffee during a break. We often don’t notice that we spend too much money on tiny things, but when you pile all the bills up, it becomes a lot. Same goes for saving money. You can start small, but if you are consistent with it, you can save up. Of course, making a goal and a money-saving plan can be ideal because you will know exactly how much you want to put aside. Consulting with your bank and checking out saving strategies is also an excellent thing to consider. Investing is a good option, as well. As long as you take your time to learn before you start doing it, it’s fine. You can read a book about it, check out a youtube video from your favourite creator how they manage their money. In the end, check your lifestyle and what is essential for you and what stays on the side or in a drawer forever and you bought it to forget about it. This can make the most significant difference, so start now, take care of yourself and your money as well. Future you will be thankful.

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