Hey everyone.
Previously I talk about starting a fundamental saving by saving $1 per day. Then followed by contribute your every coins to your savings. Last post I recommend setting aside 20% of your income for your savings. If you noticed, I mention to jot down or to be exact record all your savings in a notebook or excel worksheet. I also mention that to keep all your money in a petty cash box. For those who have been following my blog, here is the thing that you need to do.
With all the money you save in your petty cash box, deposit it into your new bank account. The reason why I make you deposit it into a bank is because when you save you can earn interest from it too. Before you open a savings account with a bank, I would recommend you go and do some research or window shopping and compare which bank offer a better interest. The bank that give better interest will eventually help to grow your savings.
Once you open a bank account, this is where all your 20% of your income will transfer to and this is where all your money in your petty cash box will go to. I guarantee with you that when you update your account, you will be smiling away cause you will see you have earn extra 'free money'. As I mention before do ensure you are discipline to save money and your actions are always consistent that it had become second nature to you.
Regards,
Sam Salleh
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Generally we will spend more and save less or in fact we have nothing left to save the moment we receive our paycheck. Most of the time we found ourselves broke and struggling day to day and wait for the next paycheck. The cycle repeat itself. In this blog, I will share some tips on savings so that you won't go broke instead you have more extra cash in your pocket.
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