The cost of living is forever increasing, so saving may sometimes seem impossible but it’s never too late to have a ‘saving money plan’. Don’t wait for a financial emergency to pressure you into stocking away more money. The only way to grow your nest egg is by starting early and remaining consistent, even when times are bad.
Before you commit to a savings plan, determine what it is you are saving for and work backwards from there. Having concrete, written goals is key to achieving your dreams.
Here are 6 money saving tips:
Also, remember that saving money doesn’t mean you have to live too frugally and give up your morning coffee. Once you have prioritised your financial needs, you will know what’s important to you and what you can do without.