5 Things To Save Money From Your Salary
Saving money is very important and should be done under all circumstances. At least save 10% of your salary every month.
If you do that, in times of difficulty, you will never face any monetary crisis. Those who are prudent make it a habit to save in investment options like CDs that provide the best cd rates. If you are in the opposite group and find yourself in monetary problem often, here are some things which you can do to easily save money.
1. Do not ignore small currencies which you gather everyday. One of the best things which you can do is collect all these currencies and keep them in a box. Do not open this box until the last week of the money. You will be surprised by the amount of money you can save this way at the end of a period. Such saving often provides relief in small monetary crises.
2. Do not use credit cards while you are purchasing. People often spend much more than they can afford when they use credit cards. Carry cash with you whenever you are on a shopping spree which will help you to control your expenses. You will at least be able to restrain yourself from whimsical purchases.
3. Try and keep away from any types of loans before your payday. If you have a feeling that you do not have ample money, try and curb down your expenses instead of borrowing from someone else. You should learn to be satisfied with whatever little you have - this kind of resistance will help you to make some great savings at the end of the month.
4. When you are making plans for paying, pay for your essential utilities first. Luxurious payments can always be avoided till the next month. If you make unwanted payments earlier you will be forced to borrow money for essential utilities, thereby reducing your chances of making savings.
5. One of the greatest ways by which you can cut down your expenses is by reducing your costs of entertainment. You can surely do with lesser days of movies and dining at your favorite restaurant. Try and enjoy movies with friends and relatives at home - it is sure going to be no less fun.
Thanks...Helpful comment
income - savings = expenses.... best formula i ever had..... it's simple but effective...
lol.... not a good act, wear one for one year completely
ingeniero, i do wear them but once.. That is it, then it goes back into the box.... :P
not may be .. sure after some time, when you people enjoy your honeymoon and everything. then when back to work... then you will realize... that what i did? why i didn't wait little more.. i was still young to get marrythat why these all married are present here every time... to spend some good time, they can laugh, can say something silly, naughty, can get angry... btw.. best of luck for your hopes...enjoy the next 3 years to the fullest, two before and one after, then there will be some gap, and when u enter to oldies group, then you gonna enjoy again... btw where is girls dept, they are not saying thing :p
yup at 27 inshallah. wowowoow ur comment is so good. All my girl friends are envy about my wife but i think I am gonna face too many challeges. That is why i was wondering who too many married people use QL as some relaxing tablet. First I thought if i get marry i wont be having free time to QL or to be with friends but I think I too have to eat the same tablet after few months, may be after first kid.
mean at 27? enjoy the most buddy.. your life going to be on one side then..and where she will talk and you will listen..she will take decision, and you will follow..she will make rules and you will obey..she is always right, and you are always wrong..if she is angry its okay, cuz she is tired. but if you are tired, "what you did today"but still you will have a best companion. a friend, a partner, who will always be with you when you are in trouble.. i will not mention that in trouble, you will be because of her :p :p
yup inge still two more years i want to be a free bird.
ohhh u open one watch store and everytime some costumer hits ur shop u can wear and show him wowwowo this look good etc and u can earn money as well.
well... you will be also.. but wait for a while.... FA, why don't you wear them after you buy them
I guess i should Seriously start to save money from my Salary...What to doo, i am crazy for Watches, Can't help it... :P
wowowo inge i think u r more experienced in this sector lol
and funny situation is that you didn't read the contract clauses, and she memorize every single clause
yup inge serving wife is like working as per contract and for GF it is just a social service.
after marriage that one lady is more difficult to manage then the 4 girls friends one have before marriage...you are not spending all day with your girl friends, in case if so, then still that is only a day in one month or an year..but after marriage, one woman and whole life... try to spend consecutive weekends with one girl friend.. then you will hate her the most in your life and yup am waiting for miracle...
then u must be just in queue for some pretty miracle.Yup you may be right as I am still single I am not sure but just managing one lady after marriage is very much easier than managing multiple girlfriends simultaneously.
and if i say that i am not married also... then? but i like the one who always say that lets get married :)if you learn to tackle her, you have skills to tackle your clients, customers, boss any one...
Yup Iraep many used to be just takers.Ingeniero if u dont have GF and could not save money then u must have been married already.Uncessary girl friend means who always force to marry you instead of just being a girl friend.
sanity, i don't have any girl prend, but still i can't save :(
what does unneccessary girl friends mean?? mean you can keep those who are necessary?
alexam..mabrook to your daughter...
lraep_elehcim. You're welcome. I have a daughter who was working here for the past 4 years like your present position.. From the very beginning she started saving here and in P.I. as well. She has saved enough for her travel to the USA and far greener pastures ahead. The time for all of us to save is now. And we will reap the reward afterwards.
sanity, does it mean having too much girl friends will let you spend too much also?
Thank you for such a very ...
abulala, we don't care about the business people, if they want to save or no..they already have money..it will depend to them how they will spend their money..nothing lasts forever...they have to think about it,...if today they have too much..be careful & take care of it. ,we don't know what is going to happen in the future...
What I've learned from the book- Rich people buys ASSETS while poor and middle class people buys LIABILITIES they thought was an asset. everybody should learn financial literacy.
avoid unncessary girl friends. You will save much more money than ever before.
very well said man ....but wat do u say bout business people ????????????????
xedesmarie...yes you are right..so, we have to start to save from now on for our retirement..
Actually The TiTle is 5 ways to do to save money from your salary..
for me they help me sometimes, when i forget my wallet in home, and need to drink something, or even they help me to buy my packet of cigeretts, else, in last 18 months, i always look forward to my salary at the end of the month. because i can not save money at all.. :(
thank you for posting this. this will serve as a reminder to most of us if not all, as we are not getting any younger. we need to save for the betterment of our lives that is why we are here right???
~smile always~
title is a 'lil confusing. Maybe "5 Ways To Save Money from Your Salary" might be better...
very nice. TFS
Learn to live & spend for what you have earned...otherwise be patient and save to buy the things you want to have..that is better than to have loan and credit cards, you will pay more interest....practically speaking you can use in other useful things the interest you have paid to the bank.
savign coins...when it will be accumulated it will help you even in the smaller things in the kitchen :-)
thanks alexam,,,actually I am one of the OFW's who don't have any savings after getting the salary each month...that is why I am starting to save now, nobody wants to be so poor when time comes.We will not stay forever working in this country, therefore we have to think of ourselves too...Let's start saving!!!
Very nice points and to achieve these five points which are mintioned we need blissing and blissing will be achieved by point number 6
6. Dedicate a small portion of your Salary for the poor people or charity.
i am saving coins..,... i did it before, and in one year i saved 70 Riyals... lol.. some time i keep coins with me in car, they help a lot some time,
But I think the coins you're referring to is more appropriate to the west, where you have lotsa stuff priced at say $1.49 etc.In Qatar it's only now that we're begining to see some change in the market, otherwise it was gum in exchange for your change :-(
Thank you for such a very nice REMINDER....!!!!
CDs ???
TFS
Thanks. Helpful tips.Until someone says. "Don't tell me where to spend my money"...lol
Good tips Iraep elehcim. You stand by your name. I hope your pearly shells tips will make a change to the 80% OFW'S who aren't saving at all. PNOYS old habit, low salary and high standard of living are just some of the CULPRITS. Thanks God I'm outside the 80%.
HA HAA U WILL CLOSE ALL THE BANK IN QATAR WHAT MAN!!!!!!!!! NO LOAN NO CREDIT CARDS!!!!!!!!!
helpful post.thank you.