What are the best ways to really save money?

in #finance6 years ago

View this answer on Musing.io

Personally I think the best way to save money is to determine the amount/percentage of money you wish to save from your earnings before you start to spend them and then treat your earning as if you only earned the amount after it's reduced by the amount you chose to save. This will help you to consistently  add to your saving better compared to if you just save whatever amount of money you have left a day before your next payday. You are also less more likely to be tempted to spend money you don't have on hand.

The most secure and trusted place to save money is obviously the bank right now. You can also earn interest compared to if you just save them in cash so it's better if you don't mind your money being handled by the bank. Also you may choose to invest your saving on businesses or stocks which may or may not give better profit/returns than just saving them on banks.

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