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Money-Saving Tips and Strategies

The document provides tips for saving money: 1) Pay yourself first by automatically saving a portion of your income before spending. 2) Avoid accumulating new debt which is more expensive than paying with cash due to interest. 3) Establish reasonable savings goals and timeframes to stay motivated.

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Andrey Din
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241 views1 page

Money-Saving Tips and Strategies

The document provides tips for saving money: 1) Pay yourself first by automatically saving a portion of your income before spending. 2) Avoid accumulating new debt which is more expensive than paying with cash due to interest. 3) Establish reasonable savings goals and timeframes to stay motivated.

Uploaded by

Andrey Din
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Saving money is one of those tasks that so

HOW TO much easier said than done. There’s more to


saving than simply spending less money,

SAVE MONEY although this alone can be challenging.


sss

Pay yourself first.

1
The easiest way to save money rather than spending
it is to make sure that you never get a chance to
spend the money in the first place

Avoid accumulating new debt.


Paying a sum of money up-front is always cheaper in the
long run than paying off an equivalent loan while interest
accumulations over time.
2
Avoid accumulating new debt.

3
Paying a sum of money up-front is always cheaper in
the long run than paying off an equivalent loan while
interest accumulations over time.

Establish a time-frame for your goals.


Giving yourself ambitious (but reasonable) time limits
for achieving your goals can be a great motivational
tool.
4
Keep a budget.

5 Assigning a set portion off your income to


all of your major experiences ahead of time
can help ensure that you don’t waste money.

Record your expenses.


Keeping a running tally of how much you’ve spent on
various types of experiences each month can help you
identify “problem” areas and adjust your spending habits
6
to fit your budget.
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