A Complete Beginner's Guide to Saving Money

A Complete Beginner's Guide to Saving Money

In this article, I am going to share a complete beginners guide to saving money. “Think & Grow Rich” is this foundation of all financial success.

1. Saving money vs investment –

There is a big difference between saving money & investing money. But here how you handle them for financial success and how wealthy you become. Saving money is the process of store cash in extremely safe accounts whereas investing money is the process of using this money to generating safe and acceptable returns in some time period.

2. Saving a few dollars –

Even if you are committed to saving money but you can use some dollars for unnecessary things this could be a huge mistake.

3.how much your savings-

Everybody knows saving money is the top priority and many people are smart to save their money in different ways. In general sense depending upon your needs, income and lifestyle preferences. The common rule is 3 to 5 months of living expenses saved easily.

4. The key is to pay yourself –

The best way to start saving is to pay yourself first. A certain amount in every paycheck saving for your future before you pay any other services.

5. Make saving is much easier-

if you want to rich early then investing in good business is the key . also if you are using a credit card make sure you reduce the uses of this card.