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Showing posts from April, 2019

STEP BY STEP GUIDE TO EFFECTIVELY SAVE MONEY

If you have read my post on How To Train Your Brain To Save Money , now is the best time to do some doable steps towards achieving your goal! You are not alone on this financial journey, we all are indeed! So, here are some of the easy in its simplest ways of saving money for our own specific goals. 1. Open a bank account Yes, it is of supreme importance that we have the safest ways to safe keep our hard earned money. It is of utmost preference that you open several accounts to various banks favorable to you. (Here are some of the List of Philippine Banks And Their Requirements you may choose which among these banks are more convenient on your end.) It is particularly recommended that you open several bank accounts each for a different purpose. Probably you may open Bank#1 for Emergency Fund, Bank#2 for Retirement Fund, Bank#3 for Travel Fund and the list goes on..it is totally your preference how you allocate them accordingly.. 2. Increase your cash flow It very i

HOW TO TRAIN YOUR BRAIN TO SAVE MONEY

1. Know your reasons why you are saving money. Ask yourself for what and for whom am I saving for? There are so many reasons why we want to save money. But this time get specific and start simply one at a time. For starters, you need the baby steps. Do not think yet the huge amount that you need to put-in thinking in advance that it will eventually grow even bigger in the long run!  Hey, relax let us first start small and in such a way, we are beginning to train our brain the way we want it to work. Always keep in mind that saving money is not measured by the amount of your income that you accumulate but your willingness to save. And keep in mind that all that is big started as small. Once our brain gets used to what we ask of it to do daily and thus becoming it a habit, your brain will automatically do its job! It's just a matter of a simple warm-up until you become an expert saver! 2. Have Strict Self-Discipline At this point in your journey of setting a goal for your savi