1. Tube as much as you can!
My goal is to save 50% of my salary and the rest to buy the things I need. Everything about priorities, such as paying rent, food, household needs, bills and transportation costs. If there is any leftover, then I will use it for something I want.
I always think my lifestyle is mediocre or under my ability because I want to always feel in a safe zone because I know that I have savings. He said, should the reserve fund in savings should be able to match the value of 3 to 6 months of your salary.
How much can you save each month? Remember to always push yourself to the limit because every dollar is very meaningful. Many tips on saving you can follow, such as 12-month challenge or 80-20 formula.
2. Saving before spending
No small talk. Make sure that you set aside some of the savings before spending it for your needs and wants, and not the other way around. You have to stay focused on the goal to save rather than be careless and ignore it.
Saving is possible, no matter how small the salary you earn when you work first. I personally try to determine how my savings goal before entering the age of 30s and that is the main goal.
Or try to make saving activities fun and tailored to your own style. For example, exclude new printed sheets of cash, or try saving all Rp 20,000 fractions or other fractions when shopping. There are so many simple ways of saving back trendy ones that can be inspirational.
3. Make a written budget and expense book
I have my monthly budget list and my daily expenses because I need to know where I spend my money. Anyway, surely you do not want to be surprised at the end of the month to find out that you have no money left and do not know where all the money is spent, right?
It may sound boring but it would be advantageous if you follow this habit, because who wants to live on salary from one month to the next? This trick also helps me see if my spending is within my budget. If not, then I will try to adjust the way to stay with the money I am having.
4. Needs are above desire
It is important to divide where the needs and desires. Before you spend your salary to buy new clothes and eat at a new restaurant, ask yourself, do you really need it or just a wish? Wait at least a day or up to a week to decide before you finally use the money for that purpose. If you really want the item, make sure it is worth the wait and buy.
5. Bring lunch to the office
This trick is also very helpful to me in frugality. Imagine if you buy food outside for Rp 30.000 compared with bringing their own supplies? You can save that value per day for other needs.
Indeed, it takes time and effort to prepare supplies but it's all a matter of choosing the right tricks to make it more efficient. You can prepare lunch for a week and store it in the refrigerator. Or can also prepare it per day to be fresher, but the risk, you have to get up early to prepare supplies. Identify which routines are right for you and continue to live the habit.
6. Shopping tips for everyday needs
Here are some tips when you shop for everyday needs. Try to buy a common brand rather than a branded one because the price will be cheaper. There is no harm in trying different brands because who knows you fit the new brand.
Be sure to stay abreast of your budget and do not get emotional while shopping. Shopping in large quantities will also be cheaper when compared to buying in small amounts. If you want to save more, do not forget to wait for the sale season.
7. Save on transportation
Avoid to take a taxi when leaving for work and look for the best way to move from one place to another. If you happen to live near the workplace, try to walk. You will also get an easy sport bonus from this way.
Keep an eye on the traffic situation and set the time well so that you are not late for work.
8. Avoid subscribing to unnecessary things
Feel guilty? Try cutting down on spending by cutting off music subscriptions, cable tv, streaming, and other entertainment sites. Most things are not very necessary and needed and you can still live without them.
More fitting if you can still enjoy all these services for free by looking for some other alternatives. How do I change my prepaid postpay billing in order to control its use? Or why not listen to music through streaming instead of having to pay for it?
9. Forget YOLO and FOMO
Learn to eliminate the feelings of "You Only Live Once" and "Fear Of Missing Out."
On payday, do not be a billionaire one day. It may feel good if you find out on payday you are holding a lot of money. But that is not a reason to spend it all at once.
In addition, there will be times where your friends will take a meal or watch a new movie. Learn to refuse, especially when you're down.
10. Separate account
I used to have one account for salaries and savings, and this is something I do not recommend because the growth of money becomes slow and insecure. Then, I decided to open a savings account account, save the cost of spending at the ATM, and choose to save my savings in the form of time deposits.
If you like the conservative way and choose to save money in a certain period and earn interest higher than the savings, then the deposit is strongly recommended. But if your gut is big and knows a lot about investing and is able to take risks, try another way.
Do not forget to save costs for unforeseen needs and find out the reasons why you should save money to be more driven to continue.
11. Avoid credit cards, use cash
Be aware of how much salary you earn by how much will be spent. Do not spend more than you can pay because you will be in debt for a long time. As many have said, credit cards are not free money. Imagine if you have to pay every month with interest.
Instead, use cash as often as possible. Or pay the bill entirely. In this way, you can control spending well.
12. Do not touch the 13th salary
Maybe you will feel tempted to spend the 13th salary because you feel worthy to get it after a year of work. No, act as if it does not exist. You should save the money, or invest in a profitable thing, or follow this tip.
4. Needs are above desire
It is important to divide where the needs and desires. Before you spend your salary to buy new clothes and eat at a new restaurant, ask yourself, do you really need it or just a wish? Wait at least a day or up to a week to decide before you finally use the money for that purpose. If you really want the item, make sure it is worth the wait and buy.
5. Bring lunch to the office
This trick is also very helpful to me in frugality. Imagine if you buy food outside for Rp 30.000 compared with bringing their own supplies? You can save that value per day for other needs.
Indeed, it takes time and effort to prepare supplies but it's all a matter of choosing the right tricks to make it more efficient. You can prepare lunch for a week and store it in the refrigerator. Or can also prepare it per day to be fresher, but the risk, you have to get up early to prepare supplies. Identify which routines are right for you and continue to live the habit.
6. Shopping tips for everyday needs
Here are some tips when you shop for everyday needs. Try to buy a common brand rather than a branded one because the price will be cheaper. There is no harm in trying different brands because who knows you fit the new brand.
Be sure to stay abreast of your budget and do not get emotional while shopping. Shopping in large quantities will also be cheaper when compared to buying in small amounts. If you want to save more, do not forget to wait for the sale season.
7. Save on transportation
Avoid to take a taxi when leaving for work and look for the best way to move from one place to another. If you happen to live near the workplace, try to walk. You will also get an easy sport bonus from this way.
Keep an eye on the traffic situation and set the time well so that you are not late for work.
8. Avoid subscribing to unnecessary things
Feel guilty? Try cutting down on spending by cutting off music subscriptions, cable tv, streaming, and other entertainment sites. Most things are not very necessary and needed and you can still live without them.
More fitting if you can still enjoy all these services for free by looking for some other alternatives. How do I change my prepaid postpay billing in order to control its use? Or why not listen to music through streaming instead of having to pay for it?
9. Forget YOLO and FOMO
Learn to eliminate the feelings of "You Only Live Once" and "Fear Of Missing Out."
On payday, do not be a billionaire one day. It may feel good if you find out on payday you are holding a lot of money. But that is not a reason to spend it all at once.
In addition, there will be times where your friends will take a meal or watch a new movie. Learn to refuse, especially when you're down.
10. Separate account
I used to have one account for salaries and savings, and this is something I do not recommend because the growth of money becomes slow and insecure. Then, I decided to open a savings account account, save the cost of spending at the ATM, and choose to save my savings in the form of time deposits.
If you like the conservative way and choose to save money in a certain period and earn interest higher than the savings, then the deposit is strongly recommended. But if your gut is big and knows a lot about investing and is able to take risks, try another way.
Do not forget to save costs for unforeseen needs and find out the reasons why you should save money to be more driven to continue.
11. Avoid credit cards, use cash
Be aware of how much salary you earn by how much will be spent. Do not spend more than you can pay because you will be in debt for a long time. As many have said, credit cards are not free money. Imagine if you have to pay every month with interest.
Instead, use cash as often as possible. Or pay the bill entirely. In this way, you can control spending well.
12. Do not touch the 13th salary
Maybe you will feel tempted to spend the 13th salary because you feel worthy to get it after a year of work. No, act as if it does not exist. You should save the money, or invest in a profitable thing, or follow this tip.
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