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How To Save Money

Self Development : Money

If you want to save money, then your target is quite simple: you need to spend less in a month or set period of time, than you earn.

This means, invariably, discipline unless you are a high enough earner that you can swallow all everyday bills quite comfortably.

For those not in that lucky situation - most of us - you will need to budget your finances.

Over the course of a month monitor your average spend, then at the end of the month end up all the totals that you have spent. Take this away from your income and see what you have left.

If already a negative figure, then see if there is anything you can cut out from the figures. If there is, then see how much you can take off.

The aim is to end up with a positive figure at the end of each month.

Once you have that positive figure the key then is to be disciplined - you should ensure at all costs that you whisk that money off and away into a high interest savings account rather than leave it in the account where you might spend it (and probably earn less interest!)


By: Stephen

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