How To Save Money in 2021 ( strategy )

 

Money Saving in  2021

the best strategy on saving money 

 I'm gonna give you three tips that are gonna help you save more money in 2021

 

The First Tip :make sure you're getting the best deal 

     with all the complexity of prices today you have to realize that price you see is not always the price you have to pay when shopping a quick and easy way to scoop some extra cash up and off the table and into your wallet again is ask a simple question do you have any specials going today or can you apply a discount for me on this you'll be shocked at how much these little questions will save you

 The Second Tip : sweat equity can bring you big savings 

      reconsider some of the items you purchase prepackaged or pre-made a coffee every day adds up instead of going out consider buying an ice cream scoop and a bucket of ice cream if you like to eat ice cream often consider packing lunch for yourself plan meals further ahead so you can go to the grocery store once a week instead of daily this not only saves on gas and time but gives you the incentive to cook at home because you already have the food this tip doesn't just stop at feed that can see there are other areas of your life as well that you might be paying extra for service that you don't really need look at your monthly expenses and credit card statements and evaluate and reconsider this can be a quick story of saving extra money

The Third Tip :save 10% of everything you make

       now this tip is the shortest but you'll find out it's the most powerful as you implement it,

 this little strategy of saving 10% of everything you make is a strategy that comes from this little book the richest man in Babylon this little book is considered responsible for making more millionaires than any other book and print and it's a good read.

      we use the strategy all the time with our clients and the results are amazing.

 here are a couple extra things to help you get the most out of 2021

       as you start saving this 10% you want to keep this money in a spot that's guaranteed so you don't lose it and still accessible so you can still use it 
often people will confuse savings and investing and end up losing their savings some good options for keeping their savings are under your mattress or a similar type of idea this is a short term obviously a savings account this is a little better because it's still guaranteed and assessable but still it doesn't earn anything .

        a CD is a good strategy but it's not very accessible even though it may be earning something guaranteed 

       cash value life insurance policy there's a good long-term strategy because it's guaranteed to earn and it's still accessible things that are often confused with savings product actually investments are for wind kaze IRAs Roth's mutual funds 529 plans and things like these, these are all investments and not a solid source for your savings.

      the second thing I wanted to touch on is budgeting :

a simple way to lay out your budget is with the 10 2070 rule 10% as we already talked about is the amount you save from your income 20% is the amount you use from your income to pay for consumer debt this is credit card and personal lends the leftover 70% is the amount you use from your income to pay for your lifestyle which includes mortgage car food entertainment things like this.