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5 Tips for Saving Money from Your Salary

Do you have a fixed salary every month? It is a good first step so that you can achieve your financial goals. But, having a monthly salary alone will not make you have a good financial condition, you have to start setting aside your salary for savings. Saving is not an easy thing to do, therefore you have to force yourself to start. Setting aside a salary for savings is sometimes very difficult to do because when you have money, many people want to immediately satisfy their personal desires so they forget to save.

You have to do your saving habit immediately to avoid difficulties that can come at any time. Setting aside a salary for savings is a very good step to take. If you find it difficult to do so, follow these 5 steps so you can set aside your salary for savings.

1. Have Clear Goals
Before starting to save, you must have a clear goal of why you want to save. You must have a goal strong enough to control your extravagant nature to satisfy all your desires. For example, you are saving for marriage capital, buying a house, buying a car, or you have a target to have a certain amount of money in the next few years. Whatever the goal, make sure that goal can force you to tighten your expenses.

If you already have clear and strong goals, then now you must have a commitment to continue to maintain those goals. Because sometimes the temptations that come can make you forget your goals and go back to waste and forget to save. These are things that you must avoid if you want to be successful at saving.

2. Manage The Amount of Money Saved

The second step is that you have to start calculating how much money you want to set aside from your salary to save. Carefully account for all your spending priorities in a month as well as all other aspects of spending to have a definitive estimate. If you already have a thorough estimate, you can be easier in determining the amount to be saved.

According to financial experts, the ideal amount to save is 10 percent of your monthly salary. But if you can save more than that of course it's better. As much as possible trim the spending posts that can be saved and put the money into the fund to save. If possible, you can increase the number of funds to be saved each month.

3. Set Aside Money When Receiving Salary
Are you often confused about when is the right time to set aside your salary for savings? If so, the answer is that you must immediately set aside your salary from the moment you receive that salary. You have to do this so that the funds you will use for savings are not used for other things. If you only set aside your salary at the end of the month, your monthly savings may not be the same amount.

In addition, by starting to set aside your salary from the beginning of the month, you can better manage your finances because you already have a clear amount of how much money can be used for your monthly needs. The point is, don't ever delay setting aside your salary when you receive your salary.

4. Have a Special Savings Account
Setting aside a salary for savings will be very difficult if you don't have a special savings account that is separate from an account for your daily needs. When you are committed to saving, you must have at least 2 accounts, one of which is used specifically for savings only. Having a special savings account will help you manage your finances because the distribution of your money is clear, how much savings and how much you can use can be seen clearly.

You can open an account that is specifically used for saving, such as for example time savings. This type of savings can make you forced to save because of the auto-debit feature every month. In addition, saving money is easier because you don't have to bother moving money from one account to a special savings account.

5. Discipline
The last step which is also the most important step is discipline. Discipline is the main key that determines your success in saving. All the steps above will be in vain if you are not disciplined in doing them. So that you can be disciplined in saving, you must always remember the goals and commitments that you made earlier. So, if you want to be good at saving and have lots of money, discipline yourself.

Save Money Routinely
After you have a monthly salary, saving can be easier but it can also be more difficult. Fighting the personal desire to be extravagant is difficult when it comes to setting aside a salary for savings. But if you already have good commitment and self-discipline, saving is easy when you already have a salary, because you can manage how much money you can save each month. Follow the 5 steps to set aside a salary for savings that have been described earlier and immediately enjoy the benefits of saving.