4 Easy money saving tricks everyone can use

Saving money can be one of the most difficult task.

It is said that you need to save between 6-12 of living expenses.

Which is really a challenge.

Don’t despair.

Here are 4 easy ways you can easily save money starting immediately.

1.Continue the act of paying a loan

Let’s say for example, you have a $600 loan on a car payment.

After paying the loan, instead of using the money , keep putting $600 into your bank account.

You will save $7200 in just a year.

2. Save $5 dollar per day

By doing so you will a considerable amount of money over time.

If you save $5 a day in an account with a 10 percent annual return, you’ll have around $30,000 in 10 years, $330,000 in 30 years and $2.3 million in 50 years.

 

3. 52 week SAVING challenge

graph showing the scheme in how to save money in 52 weels

You will save a total of $1378

4. 30 Day Rule

Before you purchase anything that you want, just don’t do it. Wait 30 days before making your final decision about the purchase.

More often than not, you will not want to buy it anymore.

Take the money and invest it instead.

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