We all have a way of saving and saving money, right? We all promise ourselves ”let me get to that age, I will start saving money para,“ next month this job is over, I will start saving money for sure kesin.
But we really start saving and saving money only when we develop healthy economic habits and learn that future needs are more important than today’s luxuries.
Don’t worry, this isn’t as hard as it sounds. With a few taps on your spending priorities, you’ll soon be able to save money and start saving.
There is a very simple trick to stop living from salary to salary; create a zero based budget. Making a budget means moving towards a goal. Budgeting helps you to plan where and how much your money is spent, and how much money you will throw aside each month. It’s never too late to take control of your money!
What is this Zero Based Budgeting Technique
Zero-based budgeting is the planning that allows all expenditures to be examined from the beginning to the finest detail and re-determined in a systematic way.
In zero-based budgets, every penny has a name or a task to do before it is spent or thrown away. You do it to the last penny of your money.
Start with the most important categories that are essential for you to continue your vital activities. These spending categories are a must for everyone:
Rent and invoices
Money to be thrown away
The money to be thrown away (for savings) should be one of the main items along with these categories. After allocating money to your savings and basic needs, divide the remaining money into your other needs. A budget plan made in this way prevents you from spending all your money without throwing money aside. The secret is here.
12 Practical Ways to Save Money
Imagine how your life will change when you have money in your pocket. What would you do with that money? For example, would you avoid credit card debts? Did you finish your car debt? Did you always take a vacation you dreamed of?
All possible! Weigh your money and see where you can save money. If you can make the right play, you may be surprised at how much money you have left.
1.Melt your debts
The biggest obstacle to saving money is the monthly installment of debt payments. It’s like they’re going to break your income. So dissolve those debts as soon as possible. The most effective method to reduce debts is snowball technique. Start with the smallest debts and go to the biggest ones. Although this may seem difficult, it will be more habits than numbers. Once your income is free from the yoke of monthly debt installments, you’ll finally be able to save up.
2.Review your food expenditure
Most people who start to budget get a little shock when they see how much money they spend on food every month. The key to saving food expenses is to plan your meals from one shopping to another, and make a list of what you need and go shopping. This prevents you from spending money on unnecessary food. In addition, if you cut the money you spend on junk food, imagine how much money you will throw aside.
3.Unsubscribe and subscribe
You are probably a member of several places such as Digiturk, Spotify, Netflix or the gym you visit. Cancel the ones you don’t use often. If you miss too much and your budget allows you to subscribe again in the future.
4.Avoid branded products
In many cases, the only outstanding feature of a branded version of a product is that it is well advertised. Non-branded counterparts, such as unbranded basic foodstuffs and cleaning equipment, offer quality that is very close to you at a much cheaper price.
5.Automate your savings
Don’t think to save money. Provide an automatic instruction to transfer the amount you will save on your salary account to your deposit account. Or, instruct your direct deposit account to withdraw at least 10 percent of the money deposited to your salary account each month.
6.Spend your money extra or unexpectedly
Think carefully when you spend bonuses, bonuses or legacies you have earned. Instead of throwing away such money, it may make more sense to pay your tuition or credit card debt if you have one. If you don’t have any debt, you can use it to create emergency funds.
7.Reduce your energy expenditure
If you are serious about saving money, you need to pay attention to the energy bills that raise the price. By taking shorter showers, repairing leaking pipes, washing your clothing at lower temperatures (the recommended washing temperature for most clothing items is 30 degrees. Complying with the washing instructions also extends your product life), you can reduce your energy expenditure by replacing your home bulbs with LED bulbs. You can also make investments to improve energy efficiency in your home, but only if you can pay in cash.
8.Get away from email and social media ads
People who are marketing via email or social media, where we spend most of our time, are good at their work; they know just how intolerable discount banners are for people. If you think you can’t keep yourself when you see such discounts, take two seconds and press the çık unsubscribe ”or kapat turn off notifications” button. This way, you will get rid of another factor that will increase your willingness to spend money. A complete win-win situation!
9.Take your lunch out of the house
Having lunch outside a couple of times a week may not seem too burdensome at that moment, but it is actually expensive (and avoidable)!
10.Track discounts, ask staff
It’s a shame not to know, not to know. Ask if they offer discounts to seniors, students, civil servants or members of certain institutions if you go to any activity, for example, a cinema or a sports activity.
11.Take a hand with the money you pay on your phone bill
If your phone bill is more than your monthly meal cost, it means you should save your phone bill. You can also save on your phone bill by avoiding unnecessary large and expensive data packages, paid subscriptions and other unnecessary costs. When you find a cheaper rate, don’t hesitate to move your number to another service provider. This is something that requires a bit of research and acumen but the result is definitely worth it.
12.Go to spend ice cream
Consider not taking anything that isn’t really necessary for a few weeks or a month until you have an income-expense balance in a situation where your debts are high. For example, you can use whatever you have in your home when preparing food, you can decide not to spend money in front of your favorite stores.