What’s a good money saving idea?

[You]

What's a simple yet effective money saving idea that I can start using today? I'm looking for something practical and easy to implement, like a savings challenge or a clever budgeting hack. Share your favorite tip to help me save more and achieve my financial goals!

 

[nomad]

My strategy is to adjust life style to fit my 80 percent income and then use the remaining 20 percent for saving and investment

 

[Springtime]

I make it a habit to put a portion of my monthly earnings in a fixed deposit account. I have been doing this for many years. Due to compounding effect, the money in my account has increased a lot.

 

[freelancermaria]

I always try to put some money into savings, but the amount I can save varies because my income is not consistent.

 

[eldavis]

I don't really have much ideas in this aspect, I am simply working on a budget.

 

[Stardom22]

Depending on the kind of the income plan that one is working on, they can brainstorm on the best money saving strategies.

 

[SHAHID987]

To give importance to small money too, never think as you'll save big money always. Start sacrificing of extra wishes like after breakfast you may tempt to purchase burger but never do this, instead save that money.

 

[Fidelia]

Automated savings is just the best strategy. Even though the amount automated to be deducted might be very small, they easily add up quickly.

 

[Sawe]

My favourite tip to saving money is automation of savings. Your savings get deducted directly from your account to the savings account once money hits your bank. I will use this method when I start saving for retirement.

 

[Rubz]

One good money saving idea i recently tried out is locking one's money in a bank. There is this online bank i bank with that has a lock feature where one can lock up one's money for some days or months depending on when one chooses has been working out for me.

 

[Shavkat]

I have been practicing 10% to 20% of money to be saved every pay day. It is an effective one.

 

[Kerryjoy]

This is one of the best, you can save a percentage on what you spend daily, like saving 10% of the total expenditure of the day. it is a good trick to use.