What causes one person to fail to save, and another to put aside thousands of euros within a year? An overview of the habits of people who save well.
Journalist Tessa Ham has now been writing about saving for about 2.5 years. She says: “During that time I have seen hundreds or perhaps even thousands of savings tips and people talked about their ways of saving. These are the five habits of savers I’ve heard the most. Ultimately, they also ensured that the amount in my own savings account grew enormously. ”
If you adopt the following habits that Tessa has drawn up, you will be able to save in 2021.
Savers pay themselves first
You probably feel the pressure to pay your bills first and then see how much you will transfer to your savings account. While it is very important to pay your bills, you also need to be honest with yourself. Because it often does not end with spending money on accounts. As a result, there is nothing left for your savings account.
Savers have the habit of paying themselves only when they have received their salary. Make sure this is a realistic amount so you don’t have to transfer money again at the end of the month. Let this amount be the same every month, or choose a percentage if your income varies.
Ask savers what their best savings tip is, and 9 times out of 10 this is that they have set up a direct debit to their savings account. In this way it feels like one of your fixed costs and you are unconsciously saving without putting too much effort into it.
Savers regularly check their finances
If you prefer not to deal with money, chances are that saving will not really work. If you want to get started seriously, you will have to deal with your finances regularly. Just take note: you will look at money differently if you are not only concerned with it when it is finished at the end of the month and you wonder how you are going to make ends meet.
The first step to a big savings account is therefore to check your account more often. This also gives you a better idea of where your money is going. A budget app is also a good way to gain insight into which categories you actually spend a lot of money on.
They keep their impulses under control
It sounds obvious, but one of the best saving tips is to make saving a priority. You do this by keeping your impulses under control, among other things. For example, emotions make that easier said than done. Money does not make you happy, but we have all been guilty of ‘retail therapy’.
Admit it honestly, how often have you bought something to buy it, for an endorphin kick or to fill an emotional void? Pay attention to your triggers in the near future. When do you feel like buying something that you will not use in the long term?
In the meantime, you can of course make it as easy as possible for yourself by unsubscribing from the newsletters with good deals, not browsing around online stores and thinking about a purchase for three weeks before actually making it.
Savers know: every little bit helps
Successful savers know that you cannot just save a large amount all of a sudden, no matter how much they would like to. That is why they are happy with every euro they can save and do not let themselves be discouraged when things go ‘slowly’. If you already make a habit of saving, you will see that you have already reached your savings goal for 80 percent. Make saving a regular part of your life, and the amount in your savings account will grow faster and faster.
Also read: First aid for saving: old sock or on the couch?
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