What is the best strategy for sticking on your saving goals.?

[Ratine]

Most people do plan saving a given amount of money in every pay day. However it's very difficult for most of them to fulfill that. What do you think?

Post automatically merged: May 26, 2024

I think that the naming of the saving goals for instance if you are saving for a motorbike name that account as the motorbike. With that you couldn't forget instead you would stick to that saving goal.

 

[nomad]

If you keep your expenses level low, and do not waste in luxury items, you can easily save money

 

[Springtime]

I put a portion of my income to a fixed deposit account every month. I have been doing this for many years. Due to compound interest, the amount of money in my fixed deposit account has increased a lot.

 

[Golden9]

You have to earn sufficient money to meet your basic needs, then have a definite plan for savings to make it work. If either one is absent, it's a lost cause.

 

[Stardom22]

I think one must learn on how to develop the saving habit be disciplined on that strategy.

 

[Shavkat]

Setting the saving goals is necessary for us to put in mind. But, we need to reach them will full confidence.

 

[Passiveearner]

Setting the saving goals is necessary for us to put in mind. But, we need to reach them will full confidence.

Not spending a lot of money could be one of the basic factors that may determine how much money you will be saving. However, the amount of money you earn could also play a huge role as well

 

[Shavkat]

Not spending a lot of money could be one of the basic factors that may determine how much money you will be saving. However, the amount of money you earn could also play a huge role as well

I do agree with you. Overspending can be controlled if stick to our budget plans. Unfortunately, some people cannot do it.