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Best Way to Save

Written By: admin on September 6, 2009 No Comment

People often wonder what is the best way to save. I have one suggestion which may sound simply stupid but it might just work. It worked for me.
Treat your monthly savings as if it were a loan you are repaying. As soon as you make that change in your mind, you can treat it as if you must make it every month no matter what the circumstances are. Also, it helps if you make a standing order for your savings to transfer them from your current account to your savings account and you might be on a right track.
Make a plan and stick with it. Don’t overdo it because the unrealistic savings, that you just can’t keep up, are impossible to maintain. But, be ambitious and start saving with the specific goal in mind. Dedicate a certain percentage of your monthly income to that goal and happy saving!

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