A lot of times, when we don't have any money saved, we come up with all sorts of reasons and excuses. One of the most common phrases on our lips is "wages are too low." When my salary is higher, I will be able to save money. ”
However, is this really the case?
Most of us have similar wages, and if we remove the differences in consumption caused by regional differences, most people's wages are actually on the same level. However, some people save 50,000 or 60,000 yuan a year, and some people have a debt of 20,000 or 30,000 yuan a year.
Later, we found out that we couldn't save money, not because of low wages, but because we didn't have the sense of financial management.
Today I will share with you ten tips for low-wage people to easily save money, and I hope everyone can save more money and live a good life.
01Learn a skill based on your hobby
It is not recommended that everyone engage in too much physical labor, manual labor for money always has a boundary, it is easy to have food and clothing, but it is difficult to make money.
There is a saying, "The best time to plant a tree was ten years ago, but it is now." "Financial management is the same, we must wake up as soon as possible, study hard while we are young, improve our academic qualifications and abilities, and realize our skills through a skill, which is long-term, stable and developmental.
Investing your brain is one of the best ways to save money. By learning a skill, such as programming, design, marketing, etc., you can increase your market value, which can lead to a higher salary or additional income**.
02 Seize the three-hour** time after work
Working hours are always busy with chores, and the time after work is truly theirs. It doesn't take a lot of time to improve yourself, three hours a day is enough.
These three hours can be used for side hustles, part-time jobs, or self-improvement studies. This will not only increase your income, but also improve your abilities and skills.
Give up ineffective social interactions and stay away from friends who drink and meat. Instead of wasting time and money on things that don't make sense, spend more time improving yourself. Recharge your batteries for financial freedom in the future.
03 Minimalism: Buy less clothes and bags.
We are now in an age of extreme materialism, which makes our lives more vivid and interesting, but also makes us suspect of waste.
Before shopping, think about the usefulness and long-term value of the item. Buy less clothes, bags, and other items to avoid overconsumption and waste.
04 Watch less live broadcasts and reduce shopping impulses
Live streaming is easy to stimulate people's desire to buy, and listening to those passionate product introductions and seckill activities, it is inevitable that you can't help but place an order. After spending money to buy it back, I felt that I didn't need these things at all, and I didn't bother to return them.
If you really need something, just search and buy it directly, there is no need to buy other non-essential supplies in impulse for a little discount for the live broadcast, which is really worth the loss.
Therefore, Lan He sincerely recommends that you try to avoid live broadcasts and reduce shopping, so as to control your desire to consume.
05 Develop a good habit of bookkeeping
By keeping track of every expense, you can better understand your spending habits and the flow of your money. This helps to spot unnecessary expenses and create a reasonable budget plan. Record income and expenditure every day, review at the end of the month, adjust and optimize the savings plan in time, and manage risk in advance for large expenses.
06 Refuse to consume in advance
Buying something with a credit card is indeed a refreshing thing, and you can enjoy the product and experience as soon as possible, but don't forget that every money has to be repaid!
Installment is cool for a while, but repayment is anxiety and pain. I really feel that I have a lot of ability now, so I will buy the corresponding things, and never consume in advance.
Lan He is here to sincerely advise all treasures to avoid spending ahead of time through loans or credit cards. Spending ahead of time may bring a high interest burden and repayment pressure, affecting your savings plan.
07 Regular Savings:
Set a fixed savings goal and put a percentage of your income into a savings account each month. Doing so ensures that you have a portion of your money for long-term planning and investment.
08 Comparison Shopping:
When purchasing items, compare options across different brands, channels, and **. This makes it possible to find better value for money and avoid wasting money.
09 Carefully consider investment:
While investing is one way to grow your wealth, it also needs to be carefully considered. Before investing, understand the relevant knowledge and risks, and choose the investment method that suits you.
0 Establishment of an emergency reserve:
Establish an emergency reserve account to deal with emergencies and unexpected expenditures. This allows you to avoid using your long-term savings or borrowed funds in the event of an emergency.
Write at the end
Saving money is really a matter of accumulating a lot and accumulating over time, don't think that people with low wages still have anything to save? By following these 10 tips for saving money, you can better manage and plan your finances, build wealth over time, and achieve your financial goals.
In 2024, Lan He wishes everyone what they wish and all their wishes come true.
The growth of Xiaobai's financial management