Many people have a lack of clear incentive to save a percentage of their income for a rainy day. It seems that some things are unattainable, while others are simply unnecessary. As a result, money that could have been spent on something important is scattered about the little things. How can you avoid this?
Choose the right goals
Naturally, all people have different incomes and needs, and if someone has enough of the necessary minimum, then others need something more than food, clothing and a roof over their heads. Nevertheless, almost everyone can find something that goes beyond the current expenses. It is the presence of such an incentive that allows many people to make significant savings, which will become a significant help in the future. The only question is how to find this incentive.
Even if you cannot choose what to save for, save some of the funds just for the future. In life, situations often arise when excess savings literally save.
First of all, you need to analyze your desires, choosing from them those that, on the one hand, it is quite possible to achieve, and on the other, it will require a certain internal discipline. You should not try to save up for an ocean yacht if your income is at the level of the average wage in the country - you will only spoil your nerves, figuring out how many decades you will need to save half of your salary.
When choosing a goal for accumulating money, do not read in the clouds, but proceed from objective reality. Dividing your family budget is a good way to save a lot of money. For example, the husband's salary goes to current expenses, and the wife's income goes to the piggy bank.
How and for what to save?
It's good if your goal is practical. Of course, you can save money for lunch at a prestigious restaurant, but it is better to save up for a new car, improving housing conditions, education for children, renovating an apartment, a summer cottage or a vacation abroad.
Goals work best if they don't require you to cut your budget for years. If your incentive forces you to worsen your diet, deny yourself the necessary clothes or buy toys for children, you should not cling to it, because even having accumulated the required amount, you still will not get pleasure from the purchase, constantly remembering how hard you got it. …
Set yourself realistic goals, and preferably not too long-term. In a few months it is quite possible to save up for a new computer or bicycle, for a year - for a vacation abroad or for a new car, in three months - to collect an initial payment for a mortgage, in five - to set aside for a country house.
Make a clear list of your running expenses so you can see how much money you can safely save. You may be able to find ways to spend less without lowering your standard of living.
In order to save money for something, one must not only set an adequate goal for oneself, but also be able not to deviate from the chosen path. Deposits in banks help many in this. As a rule, such deposits can be regularly replenished, while withdrawing money without losing interest is possible only after a certain period of time. In addition to deterring you from additional momentary temptations, this method is good because the interest charged on the principal amount of the deposit compensates for inflation.
