Seeing my good sister online, she is only two or three years older than me, but she has already saved millions, so I envy her.
Learn from her that my goal deposit is also 1 million before I retire. Why 1 million?
Because this number is a relatively safe amount of savings to cope with emergencies and unexpected expenses, it can also provide some financial security for the future. For many, this goal may seem unattainable, but in reality, it is completely achievable as long as we plan wisely, save and invest consistently.
To achieve this, we need to have a realistic plan. Here's a simple plan suggestion:
1. Make a budget
Knowing how much you're earning and spending is key to achieving your savings goals. Having a budget and sticking to it can help us control unnecessary spending. By analyzing the breakdown of expenditures, we can find out which expenses are unnecessary or can be cut. For example, we can choose to buy more affordable goods or choose a more economical form of entertainment.
In the past, I always bought things at a casual glance and almost didn't use coupons, but now I have begun to learn to compare** and find some more cost-effective product information.
Then I also found that among all my consumption, there are more snacks, and I will control it a little. By controlling our spending in this way, we can use more of our income to save and invest.
2. Savings and investment.
On the basis of creating a budget, we need to determine the amount of savings each month. This can be achieved by reducing unnecessary expenses. In addition, we can also increase our income by investing. There are many ways to invest, such as **, bonds, etc. Of course, investment has certain risks, and you need to carefully choose the investment method that suits you. Before investing, we need to understand the relevant knowledge and risks, as well as our own risk tolerance.
At present, my investment is mainly divided into three categories, one is live money management, which mainly considers the flexibility of money, which is convenient for daily consumption, and also takes into account a little income.
The other type is short- and medium-term fund management, generally 2-3 years, this kind of village bank fixed-term, mainly plays a role in compulsory savings, and at the same time is higher than the income of live money management.
The last type is long-term investment, which is currently mainly fixed investment, investing in one or two, and a small number of low-priced convertible bonds.
Through short, medium and long-term layout, let the funds achieve snowball growth.
3. Long-term planning.
Achieving the target deposit of 1 million requires long-term planning and persistence. We need to create a long-term plan, including annual savings goals, investment plans, etc. Long-term planning can help us take better control of our finances and avoid short-sightedness and blind investing.
According to the current situation of my family, it may take 20-30 years to save enough million, but it doesn't matter, it's up to people. Step by step, you can increase your active and passive income, and you may be able to save money much faster.
In addition to making a plan, maintaining a simple lifestyle is key to achieving your goals. We don't need to spend much money to meet our basic living needs. Here are some simple lifestyle suggestions:
1.Healthy eating: Healthy eating doesn't cost much money. We can reduce the cost of our diet by choosing fresh ingredients, cooking our own meals, etc. At the same time, a healthy diet is also good for your health.
At present, this is something I need to learn, in fact, I eat a lot a lot, and as a foodie, I really can't stop eating it. Minimal eating must be implemented.
2.Save energy: Saving energy can reduce household expenses. For example, we can choose energy-efficient appliances, use air conditioning and heating equipment wisely, reduce waste, etc. Saving energy not only helps reduce expenses, but also helps protect the environment. Turn off the lights and turn off the faucet, go to the supermarket and bring your own shopping bag, and you must bring a water cup, a power bank umbrella and so on when you go out. These are implemented step by step into life.
3.Green mobility: Choosing green travel modes such as public transportation, cycling, or walking can reduce transportation costs. At the same time, these modes of travel can also help alleviate traffic congestion and air pollution in cities.
Now I usually walk or ride a small yellow car to commute, on the one hand, to save fare, and on the other hand, I can exercise.
4.Simplifying our lives: Simplifying our lives can help us reduce unnecessary expenses. For example, we can make fewer purchases, choose more affordable items, avoid blind consumption, etc. Simplifying our lives can make our lives more peaceful and meaningful.
At present, I don't buy unnecessary things, such as clothes, I really don't want to spend too much money to buy, every time I buy it, I feel good-looking, and after wearing it, I will be disliked by the people around me, and I will buy new ones, which is really an unsolvable problem. Ignore them now. Two sets of interchangeable clothes for each season, making it comfortable and easy to wear.
In short, with proper planning, budgeting, saving and investing, long-term planning, and maintaining a simple lifestyle, we can achieve our goal of saving 1 million. Not only does this give us more financial security, but it also gives us more control over our finances. At the same time, maintaining a simple lifestyle allows us to cherish the little bits of happiness and good times in our lives even more. Let's work hard to achieve our financial goals and live a better life from now on!